The global ''shoulder fixed weapons market size'' is expected to reach USD 7,836.8 million by 2027, exhibiting a CAGR of 5.74% during the forecast period. The growing enhancements in defense systems coupled with robust border security will have an excellent impact on the global market, states Fortune Business Insights, in a report, titled “Shoulder Fixed Weapons Market Size, Share & COVID-19 Impact Analysis, By Component (Launcher [Missile/Rocket Launcher, Rocket Propelled Grenade Launcher and Tripod] and Ammunition [Anti-tank Missile, Anti-aircraft Missile, Rocket Propelled Grenade]), By Technology (Guided [Infrared Homing, Laser Guided, and Semi-automatic Command line-of-sight] and Unguided), By Range (Short, Medium and Long), and Regional Forecast, 2020-2027.” The market size stood at USD 6,224.6 million in 2019.
The coronavirus incident has caused colossal loss to several industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies receive in-depth information about every market's present scenario so that you can adopt the necessary strategies accordingly.
COVID-19 to Harshly Affect the Global Market
Suspended defense-related contracts have resulted in delayed business for fixed weapons during coronavirus. The economic downfall in various countries has further hindered the business for the ammunition industry. Moreover, reduced investments in the defense sector can dwindle the growth of the market amid coronavirus. The focus on enhanced healthcare infrastructure and hospital facilities has simultaneously reduced the spending on military operations, which, in turn, will dampen the demand for lightweight weapons.
Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
List of the Companies Profiled in the Global Shoulder Fixed Weapons Market:
- Northrop Grumman Corporation (US)
- Konstruktorskoye byuro mashynostroyeniya (Russia)
- Lockheed Martin Corporation (US)
- Thales Group (France)
- Saab AB (Sweden)
- KBP Instrument Design Bureau (Russia)
- Raytheon Company (US)
- Rafael Advanced Defense System (Israel)
- MBDA
- BAE Systems (UK)
- JSC SPA Bazalt (Russia)
- Other Players
Key Market Driver:
Rising Per Capita Spending on Military Operations to Augment Shoulder Fixed Weapons Market Growth
The increasing terrorist activities have led to the heavy demand for shoulder fixed weapons, thus boosting the market. As per the SIPRI Fact Sheet 2020, the global military spending per capita increased from USD 243 in 2018 to USD 249 in 2019. The increasing utilization of lightweight, easily portable, and extended range of weapons by military forces will spur opportunities for the market. For instance, military and paramilitary forces use lightweight guided weapons for combat operations due to their agility and other advantages. Furthermore, increasing military expenditure in developing nations can have a remarkable effect on the global market. According to, International Institute for Strategic Studies (IISS), major countries such as the U.S., China, Russia, Saudi Arabia, and India are top five in military budget spending in 2020.
The report on the market for shoulder fixed weapons features:
- A comprehensive study of the market
- Essential facts about prominent players
- Central regions in the market
- Key drivers and trends
- Significant development
- COVID-19 impact
Regional Analysis:
Existing Prominent Companies to Propel Growth in Europe
The market in Europe is expected to expand exponentially due to the robust military, navy, air force, and other armed forces. The presence of key players, such as Saab AB, Thales, and MBDA Holding SAS, will foster the growth of the market in Europe. European countries, such as Germany, France, and the UK, are focused on improving military technologies. For instance, in January 2020, German Federal Office Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw) awarded a contract to MBDA for Enforcer missile systems. It is a precision-guided shoulder-launched weapon system with a range of 1800m capable of day/night deployment. North America is expected to hold a dominant shoulder fixed weapons market share during the forecast period.
Shoulder Fixed Weapons Market report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Key Points Covered:
- Business Opportunities
- Commerce Challenges
- Demand Insights
- CAGR Values
- Historic Analysis
- Detailed Segmentation
- Top Companies Data
- Market Size
- Supply Trend
- Target Audience
- Key Geographies
Key Questions Answered:
- Why Choose Fortune Business Insights?
- What are the key demands and trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the market growth?
Key Development:
November 2020: The U.S. Army announced the replacement of its man-portable air-defense system (MANPADS) and shoulder-launched Raytheon Stinger missile system. The U.S. army requests the search for new and fresh systems that must be ideal & capable of defeating ground attacks on fixed-wing aircraft, rotary-wing aircraft, and unmanned aerial vehicles.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/shoulder-fixed-weapons-market-105026
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments –Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Quantitative Insights-Impact of COVID-19 Pandemic on Global Shoulder Fixed Weapons Market
- Impact of COVID-19 Pandemic on the Global Shoulder Fixed Weapons Market
- Steps Taken by the Industry/Companies/Government to Overcome the Impact
- Key Development in the Industry in Response to COVID-19 Impact
TOC Continued…!
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