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Global Grenade Launchers Market Size Share and Forecast 2021 2033

Valued at USD 2.23 billion in 2021, the global grenade launchers market is expected to grow to USD 4.65 billion by 2033 at a CAGR of 6.3%. This report details the size, share, and forecast of this rapidly evolving market, fueled by increasing defense spending, modernization of infantry systems, and innovations in modular launchers. It covers top players like Thales Group, Colt Defense, and Moog Inc., as well as regional performance across Asia Pacific, North America, and Europe.<br><br>

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Global Grenade Launchers Market Size Share and Forecast 2021 2033

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  1. Global Grenade Launchers Market Size, Share and Forecast 2021-2033 Welcome to the Global Grenade Launchers Market Report. According to Cognitive Market Research, the market generated $2232.32 million in 2021, is expected to reach $2850.3 million by 2025, and will grow to $4646.83 million by 2033, at a CAGR of 6.3%. The market is expanding due to increased defense budgets, modernization of infantry forces, and demand for advanced, multi-role weapon systems. By: Cognitive Market Research

  2. Global Market Overview Year Revenue (USD Million) 2021 $2232.32 2025 $2850.3 2033 $4646.83

  3. Key Market Drivers Rising Global Military Expenditures Increased national defense spending—especially in the U.S., China, and India—is driving procurement of modern infantry equipment like grenade launchers. Growing Focus on Tactical and Urban Warfare Readiness Nations are investing in portable, close-combat weaponry to improve effectiveness in urban warfare and peacekeeping missions. Innovation in Lightweight, Modular Launcher Systems Manufacturers are offering more modular, lightweight grenade launchers compatible with diverse ammunition types, enhancing operational flexibility.

  4. Restraints and Trends Restraints Trends Stringent Arms Trade Regulations and Export Controls Integration with Smart Fire Control Systems Increasing adoption of grenade launchers equipped with laser rangefinders and smart optics enhances accuracy and lethality. Complex international arms agreements and export licensing laws can restrict cross-border sales, especially to emerging markets. Rise in Demand for Multi-Caliber and Under-Barrel Launchers High R&D and Procurement Costs The development and integration of advanced launcher systems involve high capital investment, which may strain smaller defense budgets. Armed forces prefer adaptable systems that can be mounted under rifles or used independently, increasing market versatility. Growing Domestic Production in Emerging Economies Dependence on Government Contracts Heavy reliance on military contracts and cyclical procurement policies can limit revenue stability for manufacturers. Nations like India and Turkey are investing in local manufacturing under defense indigenization programs, fueling regional market expansion.

  5. Leading Market Players The global grenade launcher market is dominated by established defense contractors with extensive R&D capabilities and military supply chain relationships. Moog Inc. Thales Group Specializing in precision control components for military applications, Moog's lightweight launchers are renowned for integration with advanced targeting systems. European defense giant offering comprehensive launcher systems with proprietary fire control technology and specialized ammunition development. Colt Defense Krauss-Maffei Wegmann American firearms manufacturer with a long-standing reputation for military contracts, known for reliable M203 grenade launcher systems that integrate with standard infantry rifles. German defense contractor known for vehicle-mounted launcher systems and integration capabilities with NATO standardized platforms. NERO Industries GES Engineering Turkish manufacturer capitalizing on domestic production initiatives with a focus on cost-effective designs for emerging markets. Innovative Israeli firm gaining market share with lightweight designs and specialized military applications for elite forces. Market Differentiation Industry leaders are focusing on smart launcher technology with programmable ammunition, reduced weight, and enhanced soldier safety features to maintain competitive advantage.

  6. Regional Market Performance Region 2021 (USD M) 2025 (USD M) 2033 (USD M) CAGR North America 569.24 721.13 1161.71 6.14% Europe 500.04 629.92 999.07 5.94% Asia Pacific 895.16 1148.67 1914.49 6.59% South America 98.22 119.71 181.23 5.32% Middle East 95.99 131.39 223.05 6.84% 2021 2025 2033 Africa 73.67 99.48 167.29 6.71%

  7. Top Countries by Revenue Country 2021 (USD M) 2025 (USD M) 2033 (USD M) CAGR United States 460.52 580.51 932.85 6.11% China 355.38 460.62 773.46 6.69% India 160.23 209.06 351.31 6.70% Russia 142.67 178.34 286.49 5.94% Germany 109.01 136.06 212.80 5.75% France 94.25 117.81 184.26 5.80% United Kingdom 86.42 107.52 167.93 5.72% South Korea 78.35 101.48 171.64 6.63% Israel 62.84 82.16 138.74 6.72% UAE 17.09 23.65 40.82 7.06%

  8. Conclusion According to Cognitive Market Research, the Grenade Launchers Market is on a strong upward trajectory with a CAGR of 6.3%, driven by defense modernization and evolving combat strategies. Asia Pacific leads in growth potential, while North America continues as the top contributor by revenue. With a focus on smart weapons, local manufacturing, and global defense alliances, the market offers robust opportunities through 2033. $4.65B 6.3% $1.91B Market Size by 2033 CAGR 2021-2033 Asia Pacific by 2033 Visit : Grenade Launchers Market Report

  9. CONTACT US sales@cognitivemarketresearch.com USA: (+1) 312-376-8303 Europe and UK: (+44) 20-8144-9523 Asia Pacific: (+852) 81930785 India: (+91) 983-496-8611 WWW.COGNITIVEMARKETRESEARCH.COM

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