Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2024
Companies covered: 9
Tables & Figures: 214
Countries covered: 19
Pages: 185
Download Free PDF

Shoulder Fired Weapons Market
Get a free sample of this reportGet a free sample of this report Shoulder Fired Weapons Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Shoulder Fired Weapons Market Size
The global shoulder fired weapons market was valued at USD 7.2 billion in 2024 and is estimated to grow at a CAGR of 5.5% to reach USD 12.2 billion by 2034. The growth of the market is attributed to factors such as growth in increased military modernization programs.
The escalation of international geopolitical tensions & ongoing border conflicts is playing a major role in fueling the need for shoulder fired weapons, with militaries favoring deployable & affordable force multipliers. The Russia-Ukraine conflict & tensions on the Indo-China & Korea DMZ borders have risen demands for portable & accurate anti-armor & anti-air capabilities. By SIPRI, European nations enrolled a 16% rise in defense spending in 2024, while eastern flank countries of NATO like Poland & Finland raised their defense budgets by more than 30% to meet regional threats (SIPRI). Shoulder fired weapons such as FGM-148 Javelin & NLAW have showed combat success in Ukraine, making them a valuable tactical asset. This growth demand is fostering scale procurement, increasing market volume & offering scope for OEMs & associated electronics suppliers globally.
Modernization of militaries is another major growth driver as nations invest in future-generation light weapons that enhance mobility, urban combat, and asymmetric warfare. Shoulder fired weapons are an integral part of these programs because they offer potential for upgrade (e.g., improved targeting capabilities, reduced launch weights). The U.S. Department of Defense's FY2024 budget had reserved $13.9 billion for tactical missile systems, including shoulder-fired weapons, in the "Missile Procurement, Army" and "Procurement of Ammunition" (Congressional Budget Justification). Furthermore, India's current infantry modernization under "F-INSAS" seeks to provide troops with shoulder-fired missiles of superior technology to be used for anti-tank and air defense missions. These agendas for modernization are comprehensively boosting contracts and investment in R&D for man-portable weapon systems, driving technological development and propelling the total market size.
Shoulder Fired Weapons Market Trends
Shoulder Fired Weapons Market Analysis
Based on the technology, the market is segmented into guided and unguided.
Based on the application, the shoulder fired weapons market is categorized into defense and homeland security.
Based on the range, the shoulder fired weapons market is bifurcated into short range (Up to 1 km), medium range (1–2.5 km), and long range (Above 2.5 km).
Shoulder Fired Weapons Market Share
The shoulder fired weapons industry is highly competitive and fragmented with the presence of established global players as well as local players and startups. The top 4 companies in the global market are Lockheed Martin Corporation, RTX, Saab AB, and MBDA collectively accounting for a share of 68.8% market share.
Shoulder fired weapons market leaders are making commitments towards future-proofing systems by focusing on weight savings using high-technology composite materials, ruggedized ergonomic shapes, and higher durability to address the stringent requirements of contemporary battlefield environments. These advancements are aimed at enhanced weapon handling, quicker target acquisition, and robust reliability under severe operational conditions. Innovations are being motivated by the requirement for integration with future-generation tactical communications, command-and-control systems, and modular battlefield networks.
SDR platform compatibility and low SWaP (size, weight, and power) compliance ensure that shoulder-fired systems can seamlessly integrate within networked and connected operational environments, enabling multi-domain combat situations. North American & European procurement trends focus on the application of materials & parts that meet stringent standards like MIL-STD-810 for environmental hardiness, ISO 9001 for quality management, and ITAR for exportability. More importantly, eco-friendly production practices are also gaining acceptance in line with overall government goals to minimize the environmental impact of defense technologies.
Shoulder Fired Weapons Market Companies
The shoulder fired weapons industry features several prominent players, including:
Lockheed Martin is a prominent leader in the shoulder fired weapons market, which is renowned for its sophisticated missile and rocket systems for precision, reliability, and improved battlefield performance. Lockheed Martin's product portfolio features advanced man-portable air-defense systems (MANPADS) and guided anti-tank missiles that provide outstanding target acquisition, fire-and-forget, and excellent performance in various combat situations. Lockheed Martin's shoulder-fired systems are designed with ergonomics & lightweight composite structures to maximize soldier mobility & readiness. Its weapons seamlessly operate within advanced tactical command-and-control networks for real-time situational awareness & interoperability with coalition partners.
Saab AB is a leading shoulder fired weapons market provider renowned for offering cutting-edge & trustworthy missile systems specifically designed to respond to the changing requirements of contemporary infantry & special operations units. The portfolio of Saab encompasses highly advanced shoulder-launched missile systems that focus on the precision targeting of targets with lightweight designs, simplifying the usage of these systems in various & demanding combat situations. The firm's shoulder-fired weapons combine enhanced guidance technologies & ergonomic designs to maximize soldier effectiveness & survivability in combat.
MBDA in the shoulder fired weapons market, is exceling in shoulder-launched weapon systems development & production with high precision, lethality, & ease of use. MBDA's shoulder-launched weapon systems feature the most advanced anti-tank guided missiles & air-defense systems with superior performance in conditions involving high-tech, high-complexity battlefield environments. MBDA focuses on lightweight, rugged design made from state-of-the-art materials to promote the mobility of soldiers & the efficiency of operations. Its vehicles are designed for quick target acquisition, fire-and-forget projectiles, & efficient countermeasure resistance to produce high rates of mission success in diverse combat environments.
Shoulder Fired Weapons Industry News
The shoulder fired weapons market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2021 to 2034, for the following segments:
Click here to Buy Section of this Report
By Technology
By Range
By Application
The above information is provided for the following regions and countries: