Shoulder Fixed Weapons Market Breakdown By Size, Share, Growth, Trends, and Industry 2028- MarkNtel Advisors

According to Markntel Advisors Report, Shoulder Fixed Weapons Market is expected to grow at a significant growth rate, and the analysis period is 2023-2028, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Shoulder Fixed weapons are portable & self-propelled missiles, typically lightweight, compact, easy to carry, and small enough to destroy aircraft, vessels, & tanks at a short range. They include ATGMs (Anti-tank Guided Missiles), MANPADS (Man Portable Air Defense Systems), rocket-propelled grenades, and anti-vessel launchers.

Global Shoulder Fixed Weapons Market Research Report & Summary:

The Global Shoulder Fixed Weapons Market is anticipated to grow at a CAGR of around 5.87% during the forecast period, i.e., 2023-28.   

Time Period Captured in the Report:

·         Historical Years: 2018-21

·         Base Years: 2022

·         Forecast Years: 2023-2028

Who are the Key Players Operating in the Shoulder Fixed Weapons Market?

The top companies of the Shoulder Fixed Weapons Market ruling the industry are: 

Saab AB, Lockheed Martin Corporation, Thales Group, Bazalt, JSC RPC KBM, Raytheon Technologies Corporation, Rafael Advanced Defense Systems Ltd., L&T MBDA Missile Systems Ltd., Roketsan A.S, Denel SOC Ltd., Northrop Grumman Corporation, KBP Instrument Design Bureau, Bharat Dynamics Ltd.

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Recent Developments in the Global Shoulder Fixed Weapons Market

·         On 4 May 2023, The US Army awarded the JJV (Javelin Joint Venture, a partnership between Raytheon Missiles & Defense and Lockheed Martin) an IDIQ (Indefinite-Delivery, Indefinite-Quantity) production contract with a total ceiling of $7.2 billion for fiscal years 2023 to 2026 for the Javelin weapon system and associated equipment & services.

The Shoulder Fixed Weapons Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Weapon Systems

-Man Portable Air Defense Systems (MANPADS)

-Anti-tank Guided Missiles (ATGM)

-Rocket Propelled Grenade Launcher & Others

-By Range

-Short-range (Up to 2 Km)

-Medium-range (2.1 to 5 Km)

-Long-range (Above 5 Km)

-By Component

-Launcher

-Ammunition

-By Technology

-Guided

-Un-guided

-By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

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Market Dynamics -Global Shoulder Fixed Weapons Market:

Rising Need for Advanced Military Weapons with the Evolving Nature of Modern Warfare - Worldwide, with the rapidly rising security threats like terrorism, insurgency, territorial disputes, regional tensions, and evolving alliances, among others, many countries are making defense modernization efforts toward enhancing their military capabilities and upgrading their infantry forces in order to maintain a strong defense posture. As a result, there's an ever-rising demand for modern & technologically advanced weapons, including advanced Shoulder Fixed weapons, particularly ATGMs (Anti-tank Guided Missiles), to counter these armored threats, which, in turn, is driving the Global Shoulder Fixed Weapons Market.

Stringent Export Control Regulations and Arms Trade Restrictions - Exporting shoulder fixed weapons often requires obtaining licenses from the exporting country's authorities, which involve rigorous scrutiny of the destination, end-user, & potential risks associated with the transfer of such weapons, and it is a lengthy & complex process that results in delays & hurdles for manufacturers & suppliers.

In addition, several countries or international bodies impose arms trade restrictions on certain regions or specific entities to prevent the proliferation of weapons, mitigate the risk of misuse or diversion, and ensure adherence to human rights & international security standards, which can significantly restrict the export or import of shoulder fixed weapons, particularly in regions affected by conflicts, political instability, or human rights concerns. Hence, these aspects are the major growth restraints for the Global Shoulder Fixed Weapons Market.

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