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Increased R&D Investments Stimulating Growth in the Global Shoulder-fired Weapons Market

Reportstack has announced a new market research report on the Global Shoulder-fired Weapons Market 2014-2018. 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. The Global Shoulder-fired Weapons market is expected to grow at a CAGR of 4.63 percent during the period 2013-2018.

“New developments and enhanced weapon capabilities provide soldiers with more sophisticated weapons capable of targeting over longer distances and in multiple scenarios and environments,”.

“Such R&D helps develop a highly reliable, robust, and durable weapons system, further increasing demand in the market.”

To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

To access full report with TOC, please visit Global Shoulder Fired Weapons Market 2014-2018.