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Worldwide Shoulder-fired Weapons Market Outlook, 2019-2023; Led by Lockheed Martin, MBDA, Nammo, Raytheon, and Saab - ResearchAndMarkets.com

February 20, 2019

DUBLIN--(BUSINESS WIRE)--Feb 20, 2019--The “Global Shoulder-fired Weapons Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The shoulder-fired weapons market will register a CAGR of almost 6% by 2023.

The evolution of battlefield environment necessitated the subsequent upgrade and customization of armament. Currently, the US Marine Corps are engaged in testing the new version of the M72 shoulder-fired single usage rocket launcher.

Depending on the type of rocket inside the prepackaged launcher, and at its heaviest configuration, it is three pounds lighter than a shoulder-fired M3E1 Carl Gustav recoilless rifle. This permits the troops to carry multiple launchers, and the US Army and US Marine Corps intend to adopt the weapon primarily as a lightweight anti-tank weapon. The market has observed wide developments which has expected to drive the market during the forecast period.

Counter-terrorism encouraging new procurement

The growth of terrorism and other insurgent activities on a global level has encouraged the defense agencies of several nations to intensify their countermeasure capabilities against a variety of threats. As an outcome of increased defense spending during the last decade, the inventory of weapons of countries have increased substantially.

Evolving global crisis affecting market prospects

Development cost has been a major challenging factor for weapon manufacturers. The development of a fresh design for a shoulder-fired weapon may incur billions of dollars. Hence, the high R&D costs have resulted in favoring the adaptation of existing defense technologies in a budget-constrained, suboptimal manner, usually by sacrificing both performance and reliability.

Competitive Landscape

The market appears to be highly fragmented with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Players

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY TECHNOLOGY

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY PRODUCT

PART 09: GEOGRAPHIC LANDSCAPE

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

PART 13: VENDOR ANALYSIS

For more information about this report visit https://www.researchandmarkets.com/research/v87fvf/worldwide?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190220005783/en/

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Related Topics:Missiles and Missiles Technology

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY DEFENSE OTHER DEFENSE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/20/2019 01:07 PM/DISC: 02/20/2019 01:07 PM

http://www.businesswire.com/news/home/20190220005783/en