Shoulder-fired Weapons Market Share

Market Share of Shoulder-fired Weapons Industry

The market for shoulder-fired weapons is fragmented, with prominent players, such as Raytheon Technologies Corporation, Saab AB, General Dynamics Corporation, Lockheed Martin Corporation, and MBDA, dominating the market. Companies are partnering with local players to expand their market presence by securing new contracts with the respective countries. Major players in the market are forming joint ventures to develop, manufacture and supply shoulder-fired weapons to the end-users. For instance, one of the world's best shoulder-fired weapon systems, the Javelin man-portable anti-tank weapon, is manufactured by the Raytheon/ Lockheed Martin Javelin joint venture. In May 2022, the joint venture between Lockheed Martin Corp and Raytheon Technologies Corp was awarded two contracts worth USD 309 million by the U.S. army for the Javelin missiles. On the other hand, companies are also working together to accommodate soldiers' needs, reducing weight and improving ergonomics. Such efforts are expected to help the growth of the players in the long run.

Shoulder Fired Weapons Market Leaders

1. Saab AB

2. Raytheon Technologies Corporation

3. Lockheed Martin Corporation

4. General Dynamics Corporation

5. MBDA

*Disclaimer: Major Players sorted in no particular order