Weapons Manufacturing Market by Type (Artillery, Cartridges & Bullets, Explosives), Distribution Channel (Offline, Online), End-user - Global Forecast 2024-2030

Weapons Manufacturing Market by Type (Artillery, Cartridges & Bullets, Explosives), Distribution Channel (Offline, Online), End-user - Global Forecast 2024-2030

The Weapons Manufacturing Market size was estimated at USD 187.15 billion in 2023 and expected to reach USD 197.89 billion in 2024, at a CAGR 5.96% to reach USD 280.75 billion by 2030.

The weapons manufacturing market encompasses the production and sales of a wide range of military hardware, including small arms, explosives, and missiles used for defense purposes. The application of these products is primarily by military and law enforcement agencies, with the end-use being national defense, security operations, and warfare. The global weapons manufacturing market is driven by demands from military and law enforcement agencies for national defense and security. Market growth is further fueled by rising defense spending and technology innovations, while conversely, regulatory scrutiny, ethical dilemmas, and supply chain instability of raw materials pose significant hurdles. Additionally, the emerging future lies in investment in areas such as cost-effective precision weapons, directed-energy weapons, modular systems, and defense mechanisms against autonomous threats, essential for the continuous evolution and sustainability of the sector.

Regional Insights

The weapons manufacturing market in the Americas has been experiencing significant growth, primarily driven by the United States. The U.S., with its substantial defense budget, remains the major contributor to the market for weapons manufacturing, both for domestic use and international exports. Factors such as modernization programs, increases in security concerns, and technological advancements continue to drive the adoption of weapons in the region. The EMEA region presents significant market growth, where Europe's defense sector has seen a resurgence, largely owing to rising security concerns and an emphasis on NATO members to increase defense spending. The region's market is further enhanced by alliances and strategic partnerships between countries and defense manufacturers. The Asia-Pacific weapons manufacturing market is rapidly growing, with countries such as China, India, Japan, and South Korea investing heavily in military capabilities. Territorial disputes, regional power dynamics, and the pursuit of modernization are raising the adoption of advanced weapons in the region. China's military expansion and technological progression provide significant impetus to the market in the region. India's increasing defense budget and emphasis on self-reliance in defense production are also creating stimulating growth within the APAC territory.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Weapons Manufacturing Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Rising emphasis on national and international security
• Growing expansion of defense sectors across economies

Market Restraints

• High costs associated with weapon manufacturing and adoption

Market Opportunities

• Rising government spending and budgets on defense sectors globally
• Growing preferences for automated and smart weapons

Market Challenges

• Stringent government regulations for business approval

Market Segmentation Analysis

• Type: Significant demand for Artillery and missiles in the military operations
• Distribution Channel: Growing preference towards offline channel for purchasing weapon for benefits such as physical inspection, touch, and feel of the weapon before making a purchase
• End-Use: Rising use of weapon manufacturing by military & defense for next-generation technologies

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Weapons Manufacturing Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Weapons Manufacturing Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

CARACAL Expands Small Arms Offerings and Local Manufacturing in India

CARACAL, a UAE-based arms manufacturer, is aim to transfer its small arms production technology to India by partnering with ICOMM, a group company of Megha Engineering & Infrastructures Ltd. This range includes the advanced CMP 9 submachine gun, the CARACAL EF pistol, and various sniper rifles, ensuring India's defense forces have access to top-tier weaponry. ICOMM's Hyderabad facility, is poised to handle this comprehensive production effort.

BAE Agrees to Buy Space Technology Firm Ball Aerospace For USD 5.6 Bn

BAE Systems PLC has acquired Ball Aerospace, a US space and defence firm, for USD 5.6 billion. This strategic move enhances BAE's portfolio with cutting-edge US defence priority technologies, responding to the increased global demand for military equipment.

Swedish Company Saab To Start Weapon Manufacturing In India From 2024

Swedish defense company Saab AB is expected to establish a manufacturing presence in India with plans to produce the advanced Carl-Gustaf M4 Weapon System locally from 2024. This initiative aligns with Saab's ambition to expedite production and marks a significant expansion. The establishment of Saab FFV India is also projected to cater to the production of state-of-the-art rocket launchers for the Indian armed forces and component systems for global distribution.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Weapons Manufacturing Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Weapons Manufacturing Market, highlighting leading vendors and their innovative profiles. These include Adani Group, BAE Systems PLC, Carl Walther GmbH, Fabbrica d’Armi Pietro Beretta S.p.A., General Dynamics Corporation, Heckler & Koch, Herstal Group, Hyundai Wia Company, Israel Weapons Industries Ltd. by SK Group, Kalashnikov Group (Rostec State Corporation), KelTec CNC Industries, Inc., Kimber Mfg., Inc., L3Harris Technologies, Inc., Lockheed Martin Corporation, MBDA, Northrop Grumman Systems Corporation, O. F. Mossberg & Sons, Inc., RemArms LLC, RTX Corporation, Savage Arms, Inc., Schuele & Somappa Springs Pvt. Ltd., Steyr Arms GmbH, Sturm, Ruger & Co., Inc., Thales Group, and The Boeing Company.

Market Segmentation & Coverage

This research report categorizes the Weapons Manufacturing Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type

• Artillery
• Cartridges & Bullets
• Explosives
• Firearms
• Missiles
• Distribution Channel
• Offline
• Online
• End-user
• Civil & Commercial
• Military & Defense

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year