Shoulder Fixed Weapons Market Size, 2020 Industry Share and Global Demand | 2027 Forecast by Fortune Business Insights™
The global ''shoulderfixed weapons market size'' is expected to reach USD 7,836.8 millionby 2027, exhibiting a CAGR of 5.74% during the forecast period. The growingenhancements in defense systems coupled with robust border security will havean excellent impact on the global market, states Fortune Business Insights, ina report, titled “Shoulder Fixed Weapons Market Size, Share & COVID-19Impact Analysis, By Component (Launcher [Missile/Rocket Launcher, RocketPropelled 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] andUnguided), 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 severalindustries across the globe. The governments of several countries haveinstigated lockdown to thwart the spread of this deadly virus. Such plans havecaused disturbances in the production and supply chain. But, with time andresolution, we will be able to combat this stern time and get back tonormality. Our well-revised reports will help companies receive in-depthinformation about every market's present scenario so that you can adopt thenecessary strategies accordingly.
COVID-19 to Harshly Affect the Global Market
Suspended defense-related contracts have resulted in delayedbusiness for fixed weapons during coronavirus. The economic downfall in variouscountries has further hindered the business for the ammunition industry.Moreover, reduced investments in the defense sector can dwindle the growth ofthe market amid coronavirus. The focus on enhanced healthcareinfrastructure and hospital facilities has simultaneously reduced the spendingon military operations, which, in turn, will dampen the demand for lightweightweapons.
Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
List of the Companies Profiled in the Global Shoulder FixedWeapons 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 AugmentShoulder Fixed Weapons Market Growth
The increasing terrorist activities have led to the heavy demandfor shoulder fixed weapons, thus boosting the market. As per the SIPRI FactSheet 2020, the global military spending per capita increased from USD 243 in2018 to USD 249 in 2019. The increasing utilization of lightweight, easilyportable, and extended range of weapons by military forces will spuropportunities for the market. For instance, military and paramilitary forcesuse lightweight guided weapons for combat operations due to their agility andother advantages. Furthermore, increasing military expenditure in developingnations can have a remarkable effect on the global market. According to,International Institute for Strategic Studies (IISS), major countries such asthe U.S., China, Russia, Saudi Arabia, and India are top five in militarybudget 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 tothe robust military, navy, air force, and other armed forces. The presence ofkey players, such as Saab AB, Thales, and MBDA Holding SAS, will foster thegrowth of the market in Europe. European countries, such as Germany, France, andthe UK, are focused on improving military technologies. For instance, inJanuary 2020, German Federal Office Bundeswehr Equipment, InformationTechnology and In-Service Support (BAAINBw) awarded a contract to MBDA forEnforcer missile systems. It is a precision-guided shoulder-launched weaponsystem with a range of 1800m capable of day/night deployment. North America isexpected to hold a dominant shoulder fixed weapons market share during theforecast 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 thereplacement of its man-portable air-defense system (MANPADS) andshoulder-launched Raytheon Stinger missile system. The U.S. army requests thesearch for new and fresh systems that must be ideal & capable of defeatingground attacks on fixed-wing aircraft, rotary-wing aircraft, and unmannedaerial 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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