Top 5 Vendors in the Man-portable Rocket Launcher Market until 2021: Technavio

Key vendors are introducing multi-featured systems to increase their sales strategically

Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global man-portable rocket launcher market in their latest research report. This report also lists three other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.

Competitive vendor landscape

The competition in the global man-portable rocket launcher market is very intense due to the presence of very few established players. The vendors are offering cost-effective and high-quality man-portable rocket launchers to sustain the competition in the market. The companies are competing on the basis of product quality, reliability, cost, and market share. The manufacturers are also focusing on emerging markets across the globe to tap the unexplored opportunities in these nascent markets. The vendors are also focusing on launching innovative systems to be on par with the ever-changing weapon systems market.

According to Moutushi Saha, a lead analyst at Technavio for research on defense, “The emergence of lightweight and man-portable recoilless rifle is revolutionizing the man-portable rocket launcher market. The tube-like structure of these devices allows the elimination of most of the heavy and bulky recoiling mechanisms in traditional rocket launchers. Some of the launchers in the market have an additional safety feature that enables the launcher to be carried while loaded to reduce reaction time.”

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Top five vendors in the man-portable rocket launcher market space

General Dynamics

General Dynamics is acquiring businesses related to combat vehicles, information technology product and service companies, and Gulfstream Aerospace. Recently, the company developed Redeye II, which was renamed as FIM-92 Stinger. Raytheon manufactured this single man shoulder fire system and designed by GD.

Key products: FIM-43 and FIM-92.

Lockheed Martin

Lockheed Martin engages in the research, development, production, strategy, and sustainment of various military platforms including aircraft, missiles, and military electronic capabilities. The company is also working on an automatic infrared-guided technology that allows the operator to seek cover immediately after launch.

Key product: Javelin.

Raytheon

Raytheon provides mission systems integration, electronics, and other capabilities in the areas of sensing, command control, communications, and intelligence systems, and also offers abroad range of mission support services.

Key products: Stinger, FNH Mk13, and H&K M320.

Saab

Saab produces products and services that cater to the global military defense and civil security with its most important markets being Europe, South Africa, US, and Australia. The company is launching various devices that are compatible with intelligent sighting systems and allows programmable ammo.

Key products: AT4-CS, Carl Gustaf M4, and RBS-70.

Thales

Thales is developing systems that improve pilots’ workload, system security, the integrity of data exchanges, and insertion of military carriers in civil air traffic. It also offers modernization and upgradation services, as well as retrofit services, repair, maintenance, and upgradation of aircraft parts.

Key products: Starburst LML and STARStreak LML.

Ask an analyst to know more about this report

A more detailed analysis is available in the Technavio report, Global Man-Portable Rocket Launcher Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.

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