DUBLIN, Jan 6, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Man-Portable Rocket Launcher Market 2017-2021" report to their offering.

The report forecasts the global man-portable rocket launcher market to grow at a CAGR of 5.03% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global man-portable rocket launcher market for 2017-2021. To calculate the market size, the report considers man-portable rocket launchers, including man-portable air defense systems (MANPADS) that find applications in both the military and homeland security sectors for various operations such as air, ground, and naval strikes.

One trend in the market is emergence of multi-featured systems. The lightweight, man-portable recoilless rifle, M3 Carl Gustaf, developed by Saab is a cross between an artillery gun and a Bazooka. The system has its propellant at the base of the projectile like a rocket, which stops it from burning beyond the barrel, and therefore, the propulsion system in the rocket or missile helps in the faster forward movement of the missile. The system has been made recoilless by enabling the propellant gas to be directed backward. M3 Carl Gustaf is a tube-like artillery that follows the same model. In addition, its tube-like structure also allows the elimination of most of the heavy and bulky recoiling mechanisms in traditional rocket launchers. These recoilless weapon systems are often referred to as rifles because of their spiral rifling in the barrel, which stabilizes the projectile.

According to the report, one driver in the market is growing usage by law enforcement agencies. Law enforcement agencies across countries have started using portable rocket launchers to fight internal extremism and terrorism and to maintain the overall law and order situation within the country. Since 1990, the US police department has been receiving over $4.3 billion worth equipment like machine guns, rocket launchers or grenades, and mine-resistant ambush protected vehicles. Further, the excess military equipment available to army troops is handed over to the state police.

Key vendors:

• General Dynamics
• Lockheed Martin
• Raytheon
• Saab
• Thales
  

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by application

Part 07: Geographical segmentation

Part 08: Market drivers

Part 09: Impact of drivers

Part 10: Market challenges

Part 11: Impact of drivers and challenges

Part 12: Market trends

Part 13: Vendor landscape

Part 14: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/nj854w/global

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SOURCE Research and Markets