Chicago, IL -- (SBWIRE) -- 08/09/2017 -- A shoulder-launched missile or shoulder-fired missile or man-portable missile is actually a projectile fired on a target, which is small enough to be operated by a single man, and it is being fired while putting it on one's shoulder. Although they are not technically defined shoulder-fired missiles. Asymmetric warfare needs mobile as well as man portable systems for fast and swift operations against enemy platforms. These weapons offer significant anti-tank, anti-bunker, and anti-personnel capabilities to the troops on ground.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the shoulder fired weapons market. The scope of this report covers the shoulder fired weapons market by its major segments, which include the types, applications, and the major geographic regions.

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Regionally, the global shoulder fired weapons market is segmented into Asia-Pacific, Latin America, Europe, North America, and Middle East & Africa. Among these, North America is estimated to be the global leader of this market over the forecast period. Major driving factor of this market is the technology-based advancements in warfare platforms. Also, China and Russia are two key countries that are heavily investing in these kinds of weapons and to related technologies as well. The growth of this particular market might be affected by several factors over the forecast period mainly decreasing defense budgets of few developed economies namely Canada, the US, Germany, as well as strict technological sharing rules.

MARKET SEGMENTATION

This report analyzes the shoulder fired weapons market by the following segments:

Shoulder Fired Weapons Market, by Component
1. Launcher
2. Ammunition

Shoulder Fired Weapons Market, by Technology

1. Guided
2. Unguided

Shoulder Fired Weapons Market, by Range

1. Short Range
2. Medium Range
3. Extended Range

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