About this market The evolution of battlefield environment necessitated the subsequent upgrade and customization of armament. Currently, the US Marine Corps are engaged in testing the new version of the M72 shoulder-fired single usage rocket launcher. Depending on the type of rocket inside the prepackaged launcher, and at its heaviest configuration, it is three pounds lighter than a shoulder-fired M3E1 Carl Gustav recoilless rifle. This permits the troops to carry multiple launchers, and the US Army and US Marine Corps intend to adopt the weapon primarily as a lightweight anti-tank weapon. The market has observed wide developments which has expected to drive the market during the forecast period. Technavio’s analysts have predicted that the shoulder-fired weapons market will register a CAGR of almost 6% by 2023.
Market Overview Counter- terrorism encouraging new procurement The growth of terrorism and other insurgent activities on a global level has encouraged the defense agencies of several nations to intensify their countermeasure capabilities against a variety of threats. As an outcome of increased defense spending during the last decade, the inventory of weapons of countries have increased substantially. Evolving global crisis affecting market prospects Development cost has been a major challenging factor for weapon manufacturers. The development of a fresh design for a shoulder-fired weapon may incur billions of dollars. Hence, the high R&D costs have resulted in favoring the adaptation of existing defense technologies in a budget-constrained, suboptimal manner, usually by sacrificing both performance and reliability. For the detailed list of factors that will drive and challenge the growth of the shoulder-fired weapons market during the 2019-2023, view our report.
Competitive Landscape The market appears to be highly fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Our reports have been used by over 10K customers, including:
Ministries of defense are procuring a range of new equipment to ensure that soldiers are more lethal and less vulnerable on the modern battlefield. There is an increased demand for weapon sights and night-vision goggles as part of soldier modernization programs.Newer companion technologies, such as unmanned ground vehicles, are being combined...
300 pages •
By The Business Research Company
• Feb 2021
Major companies in the defense support and auxiliary equipment market include The Boeing Company; United Technologies Corporation; General Dynamics Corp; GE Aviation and Northrop Grumman Corp. The global defense support and auxiliary equipment market is expected to grow from $120.46 billion in 2020 to $122.62 billion in 2021 at a compound...
300 pages •
By The Business Research Company
• Jan 2021
Major companies in the defense equipment maintenance, repair and overhauling services market include BAE Systems; General Dynamics Corp; Lockheed Martin; Oshkosh and Rheinmetall. The global defense equipment maintenance, repair and overhauling services market is expected to grow from $60.98 billion in 2020 to $62.15 billion in 2021...
The Light Weapons Market is expected to grow from USD 4.84 billion in 2020 to USD 8.93 billion in 2030, witnessing a CAGR of 6.31% during the forecast period (2021-2030). The COVID-19 pandemic has had minimal impact on the market. The pandemic has altered the priorities of prominent nations and forced them to divert a significant share...
A command and control (C2) system provides information to maritime decision makers by generating meaningful output pertinent to their operational requirements and mission objectives.If a sensor package identifies a threat, it is relayed to the C2 system, accounting for environmental data from other systems.
The C2 system displays and...
The Sea Mine continues to be a constant threat to global navies, with relatively primitive moored and drifting contact mines to technologically sophisticated influence mines. About a million naval mines are reported to be held by more than 60 nations. Since the end of World War II, naval mines have severely damaged or sunk nearly four times...
The global Military Communications market size to grow from USD 33.4 billion in 2020 to USD 40.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period. The key factors driving the growth of the military communications market include the rising security concerns and the procurement of military communication...
Hypersonic Technologies (Defense) - Thematic Research
"Hypersonic Technologies (Defense) - Thematic Research", report provides an overview of the hypersonic technology market, outlining key advances in the technology and key programs.
Hypersonic weapons and aircraft epitomize...
The decoy flares market is expected to grow from US$ 1,172.84 million in 2019 to US$ 3,547.07 million by 2027; it is estimated to grow at a CAGR of 14.4% from 2020 to 2027. The upgrading of existing fighter jets is among the major factors fueling the adoption of the decoy flares market globally.In a recent Royal Thai Air Force white...
Defense Industry Top 10 Themes Prediction for 2021 - Thematic Research
This report provides an overview of our top 10 themes for 2021, identifying leading companies for each theme.Key themes include China Impact, India Impact, High-Intensity Warfare, Sustainability, and M & A well as...
Greenhouse Gas Emissions
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.