Light Weapons Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Light Weapons Market
The light weapons market size was valued at USD 12.61 billion in 2019, and the market is now projected to grow USD 25.61 billion in 2032 exhibiting a CAGR of 5.60% during the forecast period of 2024-2032.
The COVID-19 has affected the defense industry, by leading to a reduced budget on defense, and putting various defense contracts on hold. The level of spending has gone down and there have been problems with products delivery mainly attributed to the defence industry. Industry has experienced interruptions of operations in its chain of production and sales and shortage of workforce. Nonetheless, as the global situation normalizes, the growth is expected, and invoking the emerging threats the military expenditures might also grow.
The high demand for submachine guns and shotguns to modern assault rifles increases the weapon market rapidly. These weapons are easily mobile, easily hidden and do not demand much practice to master hence their popularity with the military, police, and civilians. This is because of their durability and low maintenance making them so popular. Also, rising defense deals with the procurement of light weapons from military and homeland security should drive market growth even higher.
This business has witnessed rewarding growth especially because of the growing need for quality weapons in military and internal security. It was found that higher technological advancement in research and development carried out by the manufacturers of weapons will continue to open more opportunities in the market. An increasing number of targets and tracking fire control technologies in guided firearms also contribute to the growth of the Market. It incorporates modern designed head-up display technologies that allow for long range accuracy of these firearms.
Comprehensive Analysis of Light Weapons Market
The light weapons market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, by guidance analysis and by application analysis. By type analysis incudes heavy machine guns, recoilless rifles, anti-tank weapons, anti-aircraft missiles, light cannon, MANPAD, MANPAT, infantry mortar, grenades, launchers, landmines. By guidance analysis incudes invasive and non-invasive. By application analysis incudes defense and homeland security.
The North America region lead the light weapons market share by benefitting a market size of USD 5.67 billion in 2019 due to the highest defense budget of the U.S..
Top players in the market have their responsibility of aerospace & defence industrial prospectus growth of the retailing industry and the markets. These players include, ARSENAL, BAE Systems, FN HERSTAL, General Dynamics Corporation, Heckler & Koch GmbH, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Saab AB, Thales Group these market players provide a level-playing competitive landscape.
In January 2021, Bharat Electronics Limited (BEL) signed a contract with the Indian Navy to supply 20 laser dazzlers for enhanced naval operations.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Billion)
SegmentationBy Type
Heavy Machine Guns
Light Cannon
Recoilless Rifles
MANPADS
Grenades
9=’MANPAT
Infantry Mortar
Anti-tank missiles
Anti-tank weapons
Launchers
Landmines
By Guidance
Guided
Unguided
By Application
Defense
Homeland Security
By Geography
North America (The U.S. and Canada)
Europe (The U.K., Germany, France, Russia, and Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, and Rest of Asia- Pacific)
The Middle East (Saudi Arabia, Israel, Turkey, and rest of the Middle East)
Rest of the World (Latin America and Africa)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Industry Developments –Mergers, Acquisitions and Partnerships
- 4.2. Latest technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Supply Chain Analysis
- 5. Quantitative Insights- Impact of COVID-19 Pandemic on Global Light Weapons Market
- 5.1. Impact of COVID-19 on Global Light Weapons Market
- 5.2. Steps Taken by Industry/Companies/Governments to Overcome the Impact
- 5.3. Key Developments in The Industry in Response to COVID-19 Pandemic
- 5.4. Potential Opportunities Due to COVID-19 Outbreak
- 6. Global Light Weapons Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Heavy Machine Guns
- 6.2.2. Light Cannon
- 6.2.3. Recoilless Rifles
- 6.2.4. MANPADS
- 6.2.5. Grenades
- 6.2.6. MANPAT
- 6.2.7. Infantry Mortars
- 6.2.8. Anti-tank Missiles
- 6.2.9. Anti-tank Weapons
- 6.2.10. Launchers
- 6.2.11. Landmines
- 6.3. Market Analysis, Insights and Forecast – By Guidance
- 6.3.1. Guided
- 6.3.2. Unguided
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Defense
- 6.4.2. Homeland Security
- 6.5. Market Analysis, Insights and Forecast – By Region
- 6.5.1. North America
- 6.5.2. Europe
- 6.5.3. Asia pacific
- 6.5.4. The Middle East
- 6.5.5. Rest of the World
- 7. North America Light Weapons Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Heavy Machine Guns
- 7.2.2. Light Cannon
- 7.2.3. Recoilless Rifles
- 7.2.4. MANPADS
- 7.2.5. Grenades
- 7.2.6. MANPAT
- 7.2.7. Infantry Mortars
- 7.2.8. Anti-tank Missiles
- 7.2.9. Anti-tank Weapons
- 7.2.10. Launchers
- 7.2.11. Landmines
- 7.3. Market Analysis, Insights and Forecast – By Guidance
- 7.3.1. Guided
- 7.3.2. Unguided
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Defense
- 7.4.2. Homeland Security
- 7.5. Market Analysis – By Country
- 7.5.1. The U.S.
- 7.5.2. Canada
- 8. Europe Light Weapons Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Heavy Machine Guns
- 8.2.2. Light Cannon
- 8.2.3. Recoilless Rifles
- 8.2.4. MANPADS
- 8.2.5. Grenades
- 8.2.6. MANPAT
- 8.2.7. Infantry Mortars
- 8.2.8. Anti-tank Missiles
- 8.2.9. Anti-tank Weapons
- 8.2.10. Launchers
- 8.2.11. Landmines
- 8.3. Market Analysis, Insights and Forecast – By Guidance
- 8.3.1. Guided
- 8.3.2. Unguided
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Defense
- 8.4.2. Homeland Security
- 8.5. Market Analysis – By Country
- 8.5.1. The U.K
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Russia
- 8.5.5. Rest of Europe
- 9. Asia Pacific Light Weapons Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Heavy Machine Guns
- 9.2.2. Light Cannon
- 9.2.3. Recoilless Rifles
- 9.2.4. MANPADS
- 9.2.5. Grenades
- 9.2.6. MANPAT
- 9.2.7. Infantry Mortars
- 9.2.8. Anti-tank Missiles
- 9.2.9. Anti-tank Weapons
- 9.2.10. Launchers
- 9.2.11. Landmines
- 9.3. Market Analysis, Insights and Forecast – By Guidance
- 9.3.1. Guided
- 9.3.2. Unguided
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Defense
- 9.4.2. Homeland Security
- 9.5. Market Analysis – By Country
- 9.5.1. Japan
- 9.5.2. China
- 9.5.3. India
- 9.5.4. Australia
- 9.5.5. Rest of Asia-Pacific
- 10. The Middle East Light Weapons Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Heavy Machine Guns
- 10.2.2. Light Cannon
- 10.2.3. Recoilless Rifles
- 10.2.4. MANPADS
- 10.2.5. Grenades
- 10.2.6. MANPAT
- 10.2.7. Infantry Mortars
- 10.2.8. Anti-tank Missiles
- 10.2.9. Anti-tank Weapons
- 10.2.10. Launchers
- 10.2.11. Landmines
- 10.3. Market Analysis, Insights and Forecast – By Guidance
- 10.3.1. Guided
- 10.3.2. Unguided
- 10.4. Market Analysis, Insights and Forecast – By Application
- 10.4.1. Defense
- 10.4.2. Homeland Security
- 10.5. Market Analysis – By Country
- 10.5.1. Israel
- 10.5.2. Saudi Arabia
- 10.5.3. Turkey
- 10.5.4. Rest of the Middle East
- 11. Rest of the World Light Weapons Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Analysis, Insights and Forecast – By Type
- 11.2.1. Heavy Machine Guns
- 11.2.2. Light Cannon
- 11.2.3. Recoilless Rifles
- 11.2.4. MANPADS
- 11.2.5. Grenades
- 11.2.6. MANPAT
- 11.2.7. Infantry Mortars
- 11.2.8. Anti-tank Missiles
- 11.2.9. Anti-tank Weapons
- 11.2.10. Launchers
- 11.2.11. Landmines
- 11.3. Market Analysis, Insights and Forecast – By Guidance
- 11.3.1. Guided
- 11.3.2. Unguided
- 11.4. Market Analysis, Insights and Forecast – By Application
- 11.4.1. Defense
- 11.4.2. Homeland Security
- 11.5. Market Analysis – By Sub-Region
- 11.5.1. Latin America
- 11.5.2. Africa
- 12. Competitive Analysis
- 12.1. Key Industry Developments
- 12.2. Global Market Share Analysis (2019)
- 12.3. Competition Dashboard
- 12.4. Comparative Analysis – Major Players
- 12.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 12.5.1. ARSENAL
- 12.5.1.1. Overview,
- 12.5.1.2. Products & services,
- 12.5.1.3. SWOT analysis,
- 12.5.1.4. Recent developments,
- 12.5.1.5. strategies,
- 12.5.1.6. financials (based on availability)
- 12.5.2. BAE Systems
- 12.5.2.1. Overview,
- 12.5.2.2. Products & services,
- 12.5.2.3. SWOT analysis,
- 12.5.2.4. Recent developments,
- 12.5.2.5. strategies,
- 12.5.2.6. financials (based on availability)
- 12.5.3. FN HERSTAL
- 12.5.3.1. Overview,
- 12.5.3.2. Products & services,
- 12.5.3.3. SWOT analysis,
- 12.5.3.4. Recent developments,
- 12.5.3.5. strategies,
- 12.5.3.6. financials (based on availability)
- 12.5.4. General Dynamics Corporation
- 12.5.4.1. Overview,
- 12.5.4.2. Products & services,
- 12.5.4.3. SWOT analysis,
- 12.5.4.4. Recent developments,
- 12.5.4.5. strategies,
- 12.5.4.6. financials (based on availability)
- 12.5.5. Heckler & Koch GmbH
- 12.5.5.1. Overview,
- 12.5.5.2. Products & services,
- 12.5.5.3. SWOT analysis,
- 12.5.5.4. Recent developments,
- 12.5.5.5. strategies,
- 12.5.5.6. financials (based on availability)
- 12.5.6. Lockheed Martin Corporation
- 12.5.6.1. Overview,
- 12.5.6.2. Products & services,
- 12.5.6.3. SWOT analysis,
- 12.5.6.4. Recent developments,
- 12.5.6.5. strategies,
- 12.5.6.6. financials (based on availability)
- 12.5.7. Northrop Grumman Corporation
- 12.5.7.1. Overview,
- 12.5.7.2. Products & services,
- 12.5.7.3. SWOT analysis,
- 12.5.7.4. Recent developments,
- 12.5.7.5. strategies,
- 12.5.7.6. financials (based on availability)
- 12.5.8. Raytheon Technologies Corporation
- 12.5.8.1. Overview,
- 12.5.8.2. Products & services,
- 12.5.8.3. SWOT analysis,
- 12.5.8.4. Recent developments,
- 12.5.8.5. strategies,
- 12.5.8.6. financials (based on availability)
- 12.5.9. Rheinmetall AG
- 12.5.9.1. Overview,
- 12.5.9.2. Products & services,
- 12.5.9.3. SWOT analysis,
- 12.5.9.4. Recent developments,
- 12.5.9.5. strategies,
- 12.5.9.6. financials (based on availability)
- 12.5.10. Saab AB
- 12.5.10.1. Overview,
- 12.5.10.2. Products & services,
- 12.5.10.3. SWOT analysis,
- 12.5.10.4. Recent developments,
- 12.5.10.5. strategies,
- 12.5.10.6. financials (based on availability)
- 12.5.11. Thales Group
- 12.5.11.1. Overview,
- 12.5.11.2. Products & services,
- 12.5.11.3. SWOT analysis,
- 12.5.11.4. Recent developments,
- 12.5.11.5. strategies,
- 12.5.11.6. financials (based on availability)
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