The US Shoulder Fired Weapons Market is experiencing robust growth driven by increasing defense modernization programs and evolving asymmetrical warfare scenarios. The market, valued at USD 920 million in 2025, is projected to reach USD 1,850 million by 2035, expanding at a CAGR of 6.7% from 2024 to 2035. Major market participants include Lockheed Martin Corporation, Raytheon Technologies, and Northrop Grumman, with advancements in anti-armor and anti-air weaponry underpinning both innovation and procurement efforts.
The economic impact of tariffs on "US Shoulder Fired Weapons Market".
Market Growth Drivers
Rising Defense Modernization Initiatives: The US Department of Defense is heavily investing in modernizing its infantry and special forces capabilities, which include substantial contracts for advanced shoulder fired weapon systems. For example, in December 2023, Lockheed Martin received a $150 million contract to upgrade the Javelin missile system, focusing on improved target acquisition and increased range. These modernization efforts are aimed at countering emerging threats and enhancing tactical flexibility on the battlefield.
Increasing Threats from Asymmetrical Warfare: As global security dynamics shift towards irregular warfare, the need for portable and versatile weapons has surged. Raytheon Technologies has seen increased demand for its Stinger missile systems, which are renowned for their effectiveness in anti-aircraft roles during asymmetric conflicts. This trend is further motivated by the geopolitical tensions and the US’s commitments to NATO and other allies, necessitating rapid deployment capabilities and advanced weapons for ground troops.
Market Trends
Integration of Smart Technologies: A significant trend is the integration of advanced targeting systems, sensors, and digital connectivity into shoulder fired weapons. Northrop Grumman recently developed a smart sighting system compatible with existing launchers, providing soldiers with enhanced accuracy and night-fighting capabilities. This aligns with the defense sector's wider adoption of AI-powered battlefield management and data sharing for real-time decision-making.
Modular and Lightweight Designs: Manufacturers are increasingly focusing on developing modular and lightweight designs to facilitate rapid maneuvering and reduce soldier fatigue. In January 2024, Saab, through its US subsidiary, launched a new generation Carl-Gustaf M4 recoilless rifle, which is 30% lighter and allows for quick adaptation to different combat scenarios. This trend caters to the military’s push for improved portability and flexibility in weapons systems.
Market Opportunity
Rising Foreign Military Sales: The US defense sector is witnessing growing international demand for advanced shoulder fired weapon systems, such as Raytheon's Stinger and Lockheed Martin's Javelin. These export opportunities not only boost market revenues but also strengthen strategic defense alliances.
Development of Counter-Drone Capabilities: With the proliferation of unmanned aerial vehicles, there is significant market potential for integrating counter-drone technology into portable shoulder fired platforms. Companies like Northrop Grumman are pursuing R&D projects to equip soldiers with weapons capable of neutralizing small drones in the field.
US Shoulder Fired Weapons Market Revenue (USD Million), 2020-2035
The market revenue chart presents a steady growth trajectory from 2020 through 2035. The market began at USD 620 million in 2020 and has gradually increased with accelerating growth post-2024, driven by defense modernization and international demand for advanced weaponry. By 2025, revenue is expected at USD 920 million, and this upward trend continues, almost doubling to USD 1,850 million by 2035. Notable revenue jumps align with major procurement programs and technology upgrades adopted by the US military. This sustained growth underscores the increasing importance and strategic prioritization of advanced shoulder fired weapon systems in the US defense sector.
US Shoulder Fired Weapons Market by Region Share (%) in 2025
The US shoulder fired weapons market is regionally dominated by the South and West, accounting for 33% and 26% of the market respectively in 2025. The Midwest represents 18%, the Northeast follows with 15%, and other regions comprise the remaining 8%. The pie chart signifies focused defense industry presence and procurement contracts in Southern and Western states, spurred by proximity to major manufacturing hubs, research centers, and military bases. The Northeast and Midwest, while smaller in share, contribute through established defense supply chains and engineering innovation, highlighting the nationwide footprint of the sector.
Recent Developments in US Shoulder Fired Weapons Market
In March 2024, Lockheed Martin announced successful completion of final testing for its next-generation Javelin F-model anti-tank missile. The new variant features an improved multi-purpose warhead, extending both lethality and operational range, and has secured a $200 million contract extension from the US Army for full-rate production.
Raytheon Technologies, in May 2024, partnered with the US Department of Defense to upgrade its Stinger missile platform with advanced seeker heads, providing better countermeasures against drones and low-flying aircraft. This move responds to the growing threat of UAVs in modern battlefields and strengthens Raytheon’s competitive position in the anti-air segment.
Saab, through its US subsidiary, announced in April 2024 the delivery of the first batch of Carl-Gustaf M4 systems under a $120 million multi-year agreement with US Special Operations Command (USSOCOM). The M4 features reduced weight, higher versatility, and digital fire-control compatibility, supporting rapid deployment and mission adaptability for US special forces.
Press Releases