Vancouver, British Columbia, Dec. 08, 2020 (GLOBE NEWSWIRE) -- The Global Light Weapons Market is estimated to be valued at USD 17.39 billion by 2027, according to the latest report by Emergen Research. The rising adoption of light weapons in the military taskforces, increasing incidences of terrorist attacks, rising domestic violence cases, the increasing attraction of anti-aircraft and anti-submarine missiles, and mobile rocket launchers, among others, are significantly bolstering the market expansion.
Rising conflicts across borders, the expansion of armed forces, new special task forces, and uncertain warfare are further fueling the market growth. The reduction in costs associated with the manufacturing of guns, the growing focus on smart guns, and the rising application of polymers in the defense industry are further anticipated to break the ground for the market growth throughout the forecast period.
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The global market scenario of light weapons is anticipated to become highly competitive and fragmented over the forecast timeframe owing to the emergence of numerous small, medium, and large enterprises. The accelerated technological development and an enormous product portfolio are anticipated to create lucrative growth opportunities for established and emerging players.
Key Findings from the Report:
- The polymer sub-segment is presumed to expand at a considerable rate, registering a CAGR of 6.3% during the forecast timeframe attributable to the enhanced efficiency of polymers in manufacturing guns with 3D printing techniques and low-costs associated with its extensive application in sports and hunting.
- Asia Pacific is anticipated to command the growth of the industry over the projected timeline accredited to the expanding budget in the defense and law enforcement sector. The market expansion in the region is led by China, South and North Korea, and India. Additionally, the growing terrorist activities, uncertain warfare, increasing domestic violence incidences, and the rising development in the economy and manufacturing facilities are further anticipated to augment the market demand.
- Some of the established firms in the industry are American Outdoor Brand Corporation, Smith & Wesson Holding Corp., Raytheon Company Freedom Group, Orbital ATK, Beretta S.p.A., Sturm, Ruger, & Co., Inc., Thales Group, Lockheed Martin, and, General Dynamics Corporation, among others.
- The Adani Group, an India-based conglomerate, in January 2020, took a controlling share of a weapons manufacturing facility in Gwalior city. The acquisition paved the way for Adani Group in the light weapons market, and the company will now be manufacturing carbines, machine guns, and other light weapons.
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For the purpose of this report, Emergen Research has segmented the Global Light Weapons Market based on type, end-user, material used, technology, and region:
Type Outlook (Revenue, USD Billion, Volume; Thousand Units, 2017-2027)
- Rifles and Machine Guns
- Anti-Aircraft/Anti-Submarine Missiles
- Small Mortars and Mobile Rocket Launchers
- Grenades and Landmines
- Manpads and Launchers
- Light Anti-Tank Weapons
- Others
End-User Outlook (USD Volume: Thousand Units, 2017-2027)
- Military
- Law Enforcement
Material Used Outlook (USD Volume: Thousand Units, 2017-2027)
- Steel
- Aluminum
- Polymer
- Others
Technology Outlook (USD Volume: Thousand Units, 2017-2027)
- Guided
- Unguided
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Regional Outlook (USD Volume: Thousand Units, 2017-2027)
- North America
- Canada
- U.S.
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- Benelux
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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Small Arms Market By Type (Pistols, Revolvers, Rifles, Machine Guns, Shotguns, Carbines), By End Users (Military, Law Enforcement, Hunting, Sports, Self-defense), By Caliber (5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm), By Technology (Guided, Unguided), By Cutting Type (Smooth Bore, Threaded), By Firing Systems (Gas-operated, Recoil-operated, Manually-operated), By Materials (Steel, Polymers) and Regions Forecasts to 2027
Ammunition Market By Type (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars, Launchers), By End Users (Military, Law Enforcement, Hunting, Sports, Self-defense), By Caliber (Small, Medium, High), By Technology (Guided, Unguided), By Lethality (Lethal, Less-lethal), By Component (Fuzes & Primers, Propellants, Bases, Projectiles & Warheads), By Materials (Steel, Polymers) and Regions Forecasts to 2027
About Emergen Research
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 analyze 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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