Global Man-Portable Rocket Launcher Market 2017-2021

Overview of the global man-portable rocket launcher market

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.

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Technavio's industry research report titled, - Global Man-Portable Rocket Launcher Market, will help you-

• Identify latent opportunities and explorative solutions in the man-portable rocket launcher market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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