Enjoy complimentary customisation on priority with our Enterprise License!
The global man-portable rocket launcher market is anticipated to grow at a steady rate and will post a CAGR of more than 5% during the forecast period. The increasing need for lightweight rocket launchers will drive the growth prospects for the global man-portable rocket launcher market until the end of 2021. To assist soldiers during their mission operations, they need to carry several pounds of armed weapons and other equipment to the battlefield, which comprises of weapon systems and batteries. Since these weapons and equipment are heavy to carry, it is necessary to provide the soldiers with lightweight tools to enhance their performance on the battlefield. For instance, some of the lightweight rocket launchers are M3 Carl Gustaf, RGW 90, RPO-A Shmel, and RPG-7. Furthermore, one of the major factors responsible for bringing down the weight of rocket launchers is the use of smart textiles. As a result, various weapon vendors have started replacing the conventional mortars and heavyweight portable rocket launchers like Javelin with lightweight and highly accurate systems.
The advent of launchers with low collateral damage will drive the growth prospects for the global man-portable rocket launcher market during the forecasted period. One of the emerging trends in the market is the advent of launcher systems that can be operated across various locations such as buildings, urban areas, and confined spaces. Also, they are designed to reduce the firing noise, flash, and smoke. Furthermore, the ability of these low collateral damage rocket launchers to break walls or doors of buildings during an assault in urban warfare operations is increasing its demand in the market.
What's your takeaway?
Technavio's industry research report titled, - Global Man-Portable Rocket Launcher Market, will help you-
Next step: Download FREE sample report | Talk to us
The global man-portable rocket launcher market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. These vendors compete against each other based on various factors such as product quality, reliability, cost, and market share. As a result, vendors have been compelled to manufacture cost-effective and high-quality man-portable rocket launchers to survive and succeed in in this market.
Key vendors in this market are -
Other prominent vendors in the market include Instalaza, Bazalt, and Safran.
The shoulder-launched rocket launcher accounts for the maximum market share in 2016 and will continue to dominate the market for the next few years. Some of the major factors responsible for the market segment’s growth is its ability to stand against bunkers, tanks, fixed shelters, as well as against infrastructures.
In terms of geography, the Americas account for the maximum market share in 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the market’s growth in this region is the high demand for rocket launchers from the US. This region has positioned itself as a supreme firepower nation and maintained a steady demand for artilleries and advanced technologies over the past few years.
Technavio also offers customization on reports based on specific client requirement.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
Tags: rocket launch, air defense systems, global security, national security, defense market analysis, aerospace and defense industry analysis,
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.