Global Light Weapons Market Forecast to 2027
Emergen Research’s latest market research report focuses on the global Light Weapons market, and the report provides in-depth analysis of each of its major segments. Reports about the global Light Weapons market provide a comprehensive overview of the market, including market size, revenue growth rate, industry statistics, revenue shares among regional markets, gross profits, production costs, and product portfolios Light Weapons industry projections and qualitative and quantitative assessments have been provided by the report's authors. The SWOT analysis and Porter’s Five Forces Analysis are some of the most important components of this report that provide insight into the highly competitive environment of the industry.
The global light weapons market is forecasted to be worth USD 17.39 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market growth include growing adoption of the light weapons in the special taskforce, rising domestic violence terrorist attacks, increasing interest in the adoption of mobile rocket launcers, anti-aircraft anti-submarine misiles, to name a few.
Besides, extensive rise in the cross-border conflict, broadening the number of armed law enforcement troops new taskforce battalions, and asymmetric warfare intercountry border conflicts are some of the additional reasons behind the remarkable growth of the market. Also, reduced manufacturing costs of the guns with the help of 3D printing mechanisms, growing demand for the smart guns, and increasing usage of the polymer in the arms industry are some of the subordinate market propelling factors that create a huge breakthrough in the market growth.
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Market Dynamics:
The report offers insightful information about the market dynamics of the Light Weapons market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Light Weapons market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Light Weapons market.
Further key findings from the report suggest
- In January 2020, The Adani Group, an Indian conglomerate, announced its acquisition of a light weapons business facility in Gwalior, India. With this acquisition, the company entered in the Light Weapons business where the company will be capable of producing machine guns, carbines, and other light weapons.
- The polymer sub-segment is growing with the fastest CAGR of 6.3% owing to its higher efficiency in the manufacturing with 3D printing techniques and reduction in the overall costing with higher applicability in the sports and hunting purposes.
- The regions in the Asia Pacific lead by China, India, Pakistan, and South North Korea are allotting a considerable budget for their defense law enforcement grooming purposes. Besides, growing incidences of interpersonal stand-offs, asymmetric warfare, terrorist activities, domestic violence, along with higher economic development and enhancement in the manufacturing industry, deliberately help propel market enforcement.
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Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
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., Raytheon Company
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The report bifurcates the Light Weapons market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Light Weapons Market Segmentation:
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
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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