- The key vendors in the Shoulder-fired Weapons Market in North America 2015-2019 are General Dynamics, Lockheed Martin, Northrop Grumman and Raytheon.
London, 20 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Shoulder-fired Weapons Market in North America 2015-2019. The emerging markets are investing heavily in shoulder-fired weapons, which has accounted for being the key trend in this market. There has been an increased interest in man-portable shoulder-fired weapons in emerging markets such as India. This is expected to aid the growth of the Shoulder-fired Weapons market in countries such as the US, which is one of the major arms manufacturers and exporters of large quantities of weapons worldwide. The Shoulder-fired Weapons market in North America is expected to grow at a CAGR of 0.82 percent during the period 2014-2019.
Shoulder-fired weapons have been used as operative arms against armored vehicles and fortified structures. These man-portable weapons enable troops to destroy close-air-support aircraft, light-armored tanks, and helicopters. Military and defense departments in the US and Canada have procured these weapons for use in war zones.
“Huge investment in defense R&D, including that of shoulder-fired weapons, has been made. Such R&D helps in developing a highly reliable, robust, and durable weapons system, further increasing demand in the market,” says Faisal Ghaus, Vice President of TechNavio Research.
“New developments and enhanced weapon capabilities provide military forces with more sophisticated and capable weapons.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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