Market Insights and Analysis: Global Shoulder Fixed Weapons Market Overview and Projections (2023-2028)

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. The growth of the market would be propelled mainly by the ever-increased internal & international military conflicts worldwide and the massive military expenditure by various countries, i.e., leading to new procurements and the upgradation of existing defense technologies. Besides, the mounting prevalence of urban warfare & asymmetric threats is also instigating the use of Shoulder Fixed weapons that can be deployed in confined spaces and provide infantry forces with effective firepower & engagement capabilities.

Top leading companies in the Global Shoulder Fixed Weapons Market includes:

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.

Global Shoulder Fixed Weapons Market Key Drivers:

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.

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Report Segmentation:

The market is categorized into the following segments in the report:

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.

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Global Shoulder Fixed Weapons Market Geographic Reach:

The Geographic Reach of the Global Shoulder Fixed Weapons Market evaluates the spread and significance of Global Shoulder Fixed Weapons market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.

·         North America: US, Canada, Mexico

·         Europe: Germany, The UK, France, Russia, Spain, Italy, Rest of Europe

·         Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific

·         South America: Brazil, Argentina, Rest of South America

·         Middle East & Africa: The UAE, Turkey , Israel, Saudi Arabia, South Africa, Rest of Middle East & Africa.

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