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Shoulder Launched Munitions Market by Component (Fuze, Explosive Fill, Warhead Case), by Warhead Type (Blast Warhead, Fragmentation Warhead, Shaped Charge Warhead, Continuous-Rod Warhead, Thermal Warhead, Anti-tank Warhead, Others), by Application (Anti-Tank, Anti-Aircraft, Flamethrowers, Others), by Range (Short Range (Up To 1km)), by North America (United States, Canada, Mexico, Rest of North America), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of MEA), by Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), by Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), by South America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Shoulder Launched Munitions Market size was valued at USD 6.91 USD Billion in 2023 and is projected to reach USD 9.81 USD Billion by 2032, exhibiting a CAGR of 13.8 % during the forecast period. Shoulder Launched Munitions refer to rockets or missiles which are transportable for use by one individual, so the system is put on the shoulder to launch the weapon. They are particularly employed in attack and destruction of armored vehicles, bunkers, and low altitude aerial targets, thus giving the infantry requisite anti-tank/anti-aircraft firepower. The categories of shoulder-launched systems are rocket propelled grenades, anti-tank guided missiles, and man-portable air defense systems. Some of the feature of shoulder launched munitions are that these munitions are easy to transport, they are easy to handle hence can be deployed in the battlefield quickly, the cost of these munitions is relatively low compared to some of the other available munitions in the market. Modern tendencies in development are associated with the upgrade of guidance systems, increasing effective range and launching capability, and applying smart elements for more precise targeting and operation with various targets in different conditions.
Component:
Warhead Type:
Application:
Range:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 13.8% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 13.8% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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