1. What is the projected Compound Annual Growth Rate (CAGR) of the Shoulder Launched Munitions Market?
The projected CAGR is approximately 13.8%.
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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 (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2026-2034
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.




The global shoulder launched munitions market is experiencing robust expansion, fueled by a confluence of strategic, technological, and economic factors. These potent weapon systems, renowned for their battlefield versatility and anti-armor capabilities, are seeing increased adoption across diverse geopolitical landscapes. The primary drivers propelling this growth include:
Escalating Geopolitical Instability and Evolving Threat Landscapes: The persistent rise in regional conflicts, asymmetric warfare, and the persistent threat of terrorism worldwide are significantly amplifying the demand for shoulder-launched munitions. Their inherent portability, ease of deployment, and effectiveness in close-quarters combat and complex urban environments make them indispensable assets for infantry units confronting contemporary security challenges.
Aggressive Military Modernization Programs and Sustained Defense Investments: Nations globally are prioritizing the overhaul and enhancement of their defense infrastructures. This includes substantial investments in acquiring next-generation shoulder-launched munitions. These systems are critical for bolstering offensive capabilities, improving tactical maneuverability, and maintaining a decisive edge against potential adversaries in rapidly evolving conflict scenarios.
Relentless Innovation and Cutting-Edge Technological Advancements: The defense industry is characterized by a continuous pursuit of innovation in shoulder-launched munitions. Manufacturers are actively engaged in research and development to introduce systems with enhanced precision, extended operational ranges, and more potent warheads. These advancements are directly responding to the imperative for highly effective, adaptable weaponry capable of addressing the dynamic demands of modern warfare, including precision strike capabilities and reduced collateral impact.
Growing Defense Procurement by Emerging Economies: Developing nations are increasingly focused on modernizing their military arsenals to bolster national security and project regional influence. This strategic imperative translates into a significant demand for sophisticated weaponry, with shoulder-launched munitions emerging as a key component in their defense upgrades. These acquisitions are aimed at strengthening territorial defense and effectively addressing evolving security threats.
Strategic Emphasis on Urban Warfare Proficiency: The increasing prevalence of combat operations within densely populated urban settings necessitates specialized weaponry. Shoulder-launched munitions are particularly well-suited for these environments due to their ability to deliver precision strikes against entrenched enemy positions and armored threats while minimizing the risk of collateral damage to civilian infrastructure and populations. This adaptability to urban combat scenarios is a key growth driver.
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| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 13.8% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research

Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 13.8%.
Key companies in the market include The report covers the profiles of key players such as Raytheon Technologies Corporation, Thales, MBDA, SAAB, Mesko, Lockheed Martin Corporation, General Dynamics Corporation, IAI, KB Mashinostroyeniya, and others..
The market segments include Component, Warhead Type, Application, Range.
The market size is estimated to be USD XXX USD Billion as of 2022.
Various Upgradations in Existing Naval Guns and Ammunition to Aid Market Growth.
The development of Digital Radiography Technology for X-ray inspection is the Latest Market Trend.
Complex Regulatory Environments and High Training Costs May Impede Industry Growth.
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