Light Weapons Market Forecast Report | Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2027

Light Weapons Market

According to a recent estimate by Emergen Research, the market for light weapons would be valued USD 17.39 billion by 2027. The primary elements driving market expansion include, among others, the increased use of light weapons by special task forces, an increase in domestic violence and terrorist acts, rising interest in the use of mobile rocket launchers, and anti-aircraft and anti-submarine missiles.

Asymmetric warfare and international border conflicts are two more factors contributing to the market’s extraordinary expansion. Cross-border conflicts have also increased significantly recently, and there are more armed law enforcement personnel and taskforce battalions than ever before. Other minor market-driving variables that have a significant impact on market growth include the rising demand for smart weapons, decreased production costs for firearms due to 3D printing technology, and increased use of polymer in the arms sector.

The small start-ups, medium-sized businesses, and major conglomerates that make up the light weapon market landscape are all predicted to remain very competitive and fragmented. Growing consumer desire for technology advancement and greater product variety during the predicted period guarantee the significant possibilities for the inventive players.

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Further key findings from the report suggest

In January 2020, The Adani Group, an Indian conglomerate, announced the acquisition of a light weapons business facility in Gwalior, India. The corporation entered the light weapons industry with this acquisition, giving it the ability to manufacture machine guns, carbines, and other light weapons.

Due to its improved manufacturing efficiency with 3D printing processes, reduction in overall cost, and greater applicability in sports and hunting, the polymer sub-segment is increasing with the fastest CAGR of 6.3%.

The Asia Pacific nations, led by China, India, Pakistan, South Korea, and North Korea, devote a substantial budget for defence and law enforcement training. Additionally, escalating instances of interpersonal conflict, asymmetrical conflict, terrorism, and domestic violence, as well as increased economic growth and advancement in the manufacturing sector, actively support market enforcement.

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, are significant market participants.

Emergen Research has segmented the global Light weapons market on the basis of Type, end user, materials, technology and region:

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

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

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Russia
    2. UK
    3. Germany
    4. France
    5. BENELUX
  • Asia Pacific
    1. China
    2. Japan
    3. India
    4. Pakistan
    5. South Korea
    6. North Korea
    7. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Israel
    4. Rest of MEA

Visit the following link to obtain market-leading solutions:@ https://www.emergenresearch.com/industry-report/light-weapons-market

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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