IMARC Group, a leading market research company, has recently releases report titled “Light Weapons Market Report by Type (Heavy Machine Guns (HMGs), Grenades and Grenade Launchers, Mortars, Man-portable Anti-tank Systems (MANPATS), Man-portable Air Defense Systems (MANPADS), and Others), Technology (Guided, Unguided), Application (Defense, Homeland Security), and Region 2024-2032” Offers a comprehensive analysis of the industry, which comprises insights on the market.
How Big is the Light Weapons Market?
The global light weapons market size reached US$ 13.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.41% during 2024-2032.
Industry Overview of Light Weapons
Light weapons refer to a wide range of weapons that are designed to be portable and easily carried by an individual or a small group of people. They comprise handguns, rifles, submachine guns, light machine guns, and their corresponding ammunition. They are versatile and beneficial for defense, combat, and personal protection. As they are widely utilized by military and law enforcement agencies, private security firms, and civilian gun owners, the demand for light weapons is rising across the globe.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/light-weapons-market/requestsample
What are the growth prospects and trends in the light weapons industry?
At present, the increasing number of terrorist and insurgency activities, political unrest, and cross-border disputes around the world represents one of the primary factors contributing to the market growth. Apart from this, the growing adoption of light weapons due to the escalating demand for personal security and self-defense is offering a positive market outlook.
In line with this, the rising adoption of precision-guided light firearms with advanced features, such as targeting, fire control, and advanced head-up display technologies, is propelling the growth of the market. Moreover, governing and law enforcement agencies of various countries are modernizing their arsenal with lightweight weapons, which is bolstering the growth of the market.
Furthermore, the rising demand for effective and efficient firearms that can be easily maneuvered in complex environments across the globe is strengthening the growth of the market.
Leading Companies Operating in the Global Light Weapons Industry:
- BAE Systems plc
- FN Herstal (Herstal Group)
- General Dynamics Corporation
- Heckler Koch GmbH
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- Rheinmetall AG
- Saab AB
- Thales Group
Light Weapons Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Heavy Machine Guns (HMGs)
- Grenades and Grenade Launchers
- Mortars
- Man-portable Anti-tank Systems (MANPATS)
- Man-portable Air Defense Systems (MANPADS)
- Others
Breakup by Technology:
- Guided
- Laser Guided
- Infrared Guided
- Satellite Guided
- Semi-automatic Command to Line of Sight
- Unguided
Breakup by Application:
- Defense
- Homeland Security
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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