Shoulder fired weapons have fire guided as well as unguided ammunition to destroy enemy targets on the move. Shoulder fired guided ammunitions are equipped with advanced guidance systems in order to make them hit-to-kill systems. These are shoulder carried and can be operated by a single person.

The Shoulder Fired Weapons vendors are placed into 4 categories based on their performance and reviews in each criterion: “visionary leaders,” “innovators,” “dynamic differentiators,” and “emerging companies".

The companies that fall under this category generally receive high scores for most of the evaluation criteria. They have a well-established product portfolio and a very strong market presence. They offer mature and reputable products and services and have strong business strategies.

Dynamic differentiators are the established vendors of radar simulators with strong business strategies. However, they have weaker product portfolios as compared to their competitors. They generally focus on a specific type of technology related to a particular product.

Innovators are the vendors that have demonstrated substantial product innovations as compared to their competitors. They have an extensive product portfolio. However, they do not have very strong growth strategies for their overall business.

Vendors with niche product offerings, who have started to gain their foothold in the radar simulator market, fall under this category. They do not have strong business strategies as compared to other established vendors. They might be new entrants in the market and require some time before gaining significant traction in the market. North America accounted for the largest share of the shoulder fired weapons market. The shoulder fired weapons market in North America is projected to grow at a healthy CAGR. This growth can be attributed to the need to counter rising terrorist activities in the Middle East and various military equipment modernization programs. The North America shoulder fired weapons market has been studied for the U.S. and Canada. The U.S. contributed the largest share to the shoulder fired weapons market, due to the increase in investments in anti-tank weapon systems. The U.S. is among the largest exporters of anti-tank weapon systems and has significant market share in shoulder fired weapons market. The shoulder fired weapons market in Europe is estimated to grow steadily. The growth of the shoulder fired weapons market in Europe can be attributed to the emergence of Russia as a growing superpower in the region, which requires other European economies to develop and modernize their military capabilities to be at par with Russia. Furthermore, recent terrorist attacks in different parts of Europe by the Islamic State of Iraq and Syria (ISIS) is also fueling the demand for shoulder fired weapons in the region. Asia-Pacific accounted for third largest share of the shoulder fired weapons market. The growing demand for procurement and development of technologically advanced defense systems serve as the key driver for growth of the shoulder fired weapons market in this region. The Asia-Pacific shoulder fired weapons market has been studied for China, Japan, Australia, South Korea, and the Rest of Asia-Pacific. The Rest of Asia-Pacific includes Pakistan, India, Indonesia, and Taiwan.