Thursday 9 April 2015,
The new report recognizes the following companies as the key players in the Global Shoulder-fired Weapons Market: General Dynamics, Lockheed Martin, Northrop Grumman and Raytheon.
Other Prominent Vendors in the market are: ATK, Bharat Dynamics, Gencorp, MBDA, Rafael Advanced Defense Systems, Saab and Thales Group.
Commenting on the report, an analyst from The report's team said: “There has been growing interest from emerging markets such as India, which is spending billions of dollars to possess and develop such shoulder-fired weapons. At present, the Indian army has a 50 percent shortfall in its authorized holding of ATGMs. India is working on developing a man-portable shoulder-fired ATGM.”
According to the report, one of the major drivers of the Global Shoulder-fired Weapons market is developments in warhead capability, which have led to the enhancement and modernization of shoulder-fired weapons to meet requirements.
Further, the report states that one of the major challenges that the market is facing is arms trafficking, which not only affects the organized legal market but has also become the source of weapons for terrorist groups and non-state armed forces.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.