The Global Tribune

Opportunity: Growing demand for shoulder fired weapons in emerging nations

 Breaking News
  • No posts were found

Opportunity: Growing demand for shoulder fired weapons in emerging nations

March 05
17:38 2020
Even though advanced economies are reducing their overall defense expenditure, developing economies are exhibiting the opposite trend. For instance, China was estimated to increase its overall defense spending by 7%-8% in 2016. India is increasing its defense budget with an average annual increase of 9.8% from 2011 to 2016.

These growing economic powers are increasing their military spending to remain ahead of other countries, in terms of weapons and increase their regional dominance.

Regional tensions between various countries, especially in the Middle East are anticipated to fuel the demand for shoulder fired weapons in this region. Defense forces around the world are mostly using MANPADS (Man-Portable Air Defense System) to neutralize terrorists and reduce the collateral damage.

Huge investments have been made by emerging nations in shoulder fired weapons technology, which help in developing a highly reliable, robust, and durable weapon system.

Download Free PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=130342841

Challenge: Defeating active protection systems and countermeasures

Newer versions of armored vehicles are equipped with active protection systems. These systems are used to protect armored vehicles from fire against guided and unguided weapons. The systems use hard and soft kill measures to defend against incoming projectiles. Hard kill measures include firing of counter-projectile shots to destroy enemy fired missiles, while soft kill measures implement electromagnetic interference techniques to prevent lock-on from enemy units. Active protection systems are a challenge for shoulder launched weapons and better technologies are required to defeat active protection systems.

Presence of strong armor and newer armor technologies such as Explosive Reactive Armor (ERA) is a major challenge for shoulder fired anti-tank missiles to destroy them. Similarly, aircraft use various countermeasure techniques such as decoys against incoming Infrared-based heat seeking missile fired from shoulder launched weapons. These decoys dissipate excessive heat to deviate incoming missiles off the target.

Based on component, the ammunition segment is expected to lead the shoulder fired weapons market during the forecast period

Based on component, the shoulder fired weapons market was dominated by the ammunition segment in 2016 and is expected to continue its dominance till 2022. Developing countries such as China and India, among others, are investing more in man portable weapon systems. Shoulder fired weapons enhance military land warfare capabilities at very low cost as compared to other weapon systems. These countries are investing more in advanced technologies and focusing on manufacturing a wide range of offensive fighting vehicles. For instance, India recently signed a contract with Israel for acquiring more than 275 launchers and 5,500 spike missiles. The deal includes transfer of technology to build another 1,500 launchers and 30,000 missiles.

Based on technology, the guided segment is projected to grow at the highest CAGR during the forecast period

The shoulder fired weapons market has been analyzed and segmented on the basis of technology into guided and unguided. Based on technology, the shoulder fired weapons market is dominated by the guided segment. This segment is projected to grow at the highest CAGR during the forecast period, primarily driven by upgrade and modernization programs, procurement of new fire-and-forget missiles, and use of advance guidance systems.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Sanjay Gupta
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/shoulder-fired-weapons-market-130342841.html