Small Arms Market Insights, Outlook and Forecast 2020 – 2027

Market Size – USD 11.86 billion in 2019, Market Growth – CAGR of 4.8%, Market Trends – Higher demand for hitech light weapons and mobile rocket launchers

The global Light Weapons Market size was valued at USD 11.86 billion in 2019 and is anticipated to reach USD 17.39 billion by 2027 at a CAGR of 4.8%. The market is extensively being driven by the factors involving the increasing domestic violence, terrorist activities, cross-border conflict, rising emphasis on self-defense, increasing political conflicts, and broadening the number of armed law enforcement troops & new taskforce battalions.

Dealing with the competition and competitors  

The subject matter experts conducting the study offer a deep understanding of how prominent leaders have managed to navigate the potential buyers and competitive dynamics influencing their brand positioning in the industry The Small Arms market analysis provides everything a business owner needs in order to succeed.

Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA

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Further key findings from the report suggest

In January 2020, The Adani Group, an Indian conglomerate, announced its acquisition of a light weapons business facility in Gwalior, India. With this acquisition, the company entered in the Light Weapons business where the company will be capable of producing machine guns, carbines, and other light weapons.

The polymer sub-segment is growing with the fastest CAGR of 6.3% owing to its higher efficiency in the manufacturing with 3D printing techniques and reduction in the overall costing with higher applicability in the sports and hunting purposes.

The regions in the Asia Pacific lead by China, India, Pakistan, and South & North Korea are allotting a considerable budget for their defense & law enforcement grooming purposes. Besides, growing incidences of interpersonal stand-offs, asymmetric warfare, terrorist activities, domestic violence, along with higher economic development and enhancement in the manufacturing industry, deliberately help propel market enforcement.

 Key players in the market Smith & Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, & Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta S.p.A., and Raytheon Company, among others.

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Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

Rifles & Machine Guns

Manpads & Launchers

Small Morters & Mobile Rocket Launchers

Grenades & Landmines

Anti-Aircraft/Anti-Submarine Missiles

Light Anti-Tank Weapons

Others

End Users Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

Military

Law Enforcement

Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

Steel

Aluminum

Polymer

Others

 Technology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

Guided

Unguided

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