Grenade Launchers Market Report 2026

The grenade launchers market size has grown strongly in recent years. It will grow from $1.83 billion in 2025 to $1.94 billion in 2026 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to adoption of single-shot and multi-shot launchers in military, use of grenade launchers in law enforcement operations, development of recoil and gas-operated mechanisms, demand for metal and polymer materials for durability, incorporation in military training exercises.

The grenade launchers market size is expected to see strong growth in the next few years. It will grow to $2.39 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to rising demand for automatic and vehicle-mounted grenade launchers, integration with remote weapon stations and turret systems, innovations in lightweight composite and alloy materials, expansion in security and counter-terrorism operations, development of multi-purpose and modular launcher systems. Major trends in the forecast period include enhanced accuracy and range of launchers, integration with tactical and combat systems, lightweight and portable launcher designs, improved durability with advanced materials, versatility for multiple ammunition types.

The growing demand for advanced weapon systems is expected to drive the growth of the grenade launchers market going forward. Advanced weapon systems refer to high-technology military tools and platforms developed to improve combat effectiveness through features such as precision, automation, stealth, and integrated systems. Demand for advanced weapon systems is rising as nations strive to maintain strategic military superiority and address evolving high-technology threats. Grenade launchers contribute to advanced weapon systems by delivering versatile and high-impact firepower with precision and adaptability for both infantry and vehicle-mounted operations across varied combat environments. For example, in February 2025, according to UK Defence and Security Exports, a UK-based government agency, the total value of UK defence export orders reached £14.5 ($17.01) billion in 2023, representing a nominal increase of £4.8 ($5.63) billion compared with 2022. Therefore, the increasing demand for advanced weapon systems is driving the growth of the grenade launchers market.

Major companies operating in the grenade launchers market are focusing on developing technologically advanced products, such as the 30mm semi-automatic grenade launcher, to enhance firepower, accuracy, and operational efficiency. A 30mm semi-automatic grenade launcher is a high-caliber weapon system that fires 30mm grenades in semi-automatic mode, offering enhanced firepower, accuracy, and rapid follow-up shots for modern combat operations. For instance, in October 2024, Barrett Firearms Manufacturing, a US-based manufacturing company, launched a Squad Support Rifle System (SSRS). This system delivers precise, rapid firepower using 30mm grenades, enabling quick reloading, improved mobility, and effective strikes on concealed or distant threats. Featuring a rifle-style layout and modern optics, it is easy to train with and adaptable to multiple battlefield conditions, significantly improving infantry combat performance.

In January 2024, Colt CZ Group SE, a Czech Republic-based supplier of firearms and ammunition for military and law enforcement use, personal defense, hunting, sport shooting, and other commercial applications, acquired the intellectual property rights to the Mk 47 automatic grenade launcher from General Dynamics Ordnance and Tactical Systems for an undisclosed amount. Through this acquisition, Colt CZ Group seeks to broaden its portfolio into larger and more advanced weapon systems and crew-served platforms, while strengthening its technological capabilities in sophisticated weaponry. General Dynamics Ordnance and Tactical Systems Inc. is a US-based provider of munitions, tactical systems, and advanced weapons technologies for military use.

Major companies operating in the grenade launchers market report are Norinco Group, General Dynamics Corporation, Rheinmetall AG, PT Pindad, FN Herstal, Heckler & Koch GmbH, Denel Land Systems, Rosoboronexport State Corporation, MILKOR (Pty) Ltd, Singapore Technologies Engineering Ltd, Saab AB, LMT Defense, Steyr Arms, Rippel Effect Weapon Systems Pty Ltd, REPKON Defence, ST Kinetics (ST Engineering division), Colt’s Manufacturing Company LLC, Israel Weapon Industries IWI, Nammo AS, Ceská zbrojovka Group CZG.

North America was the largest region in the grenade launchers market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the grenade launchers market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the grenade launchers market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The grenade launchers market consists of sales of standalone grenade launchers, under-barrel grenade launchers, ammunition such as 40mm grenades, and related accessories and components. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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