Global Light Weapons Market Overview And Prospects – Includes Light Weapons Market Growth
Learn about the global light weapons market through The Business Research Company, which provides information on light weapons market size, light weapons market drivers and restraints, light weapons market players, the COVID-19 impact on the light weapons market, and more.
The global light weapons market size is expected to grow from $10.20 billion in 2021 to $10.69 billion in 2022 at a compound annual growth rate (CAGR) of 4.77%. The global light weapon market size is expected to grow to $12.88 billion in 2026 at a CAGR of 4.78%.
The increasing instances of terrorist activities and conflicts and the rise in the number of illegal activities will propel the growth of the light weapons market.
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The light weapons market consists of sales of light weapons by entities (organizations, sole traders, and partnerships) that refer to weapons designed for use by two or three persons serving as a crew can be carried and used by a single person. These include heavy machine guns, hand-held under-barrel and mounted grenade launchers, portable anti-aircraft guns, portable anti-tank guns, recoilless rifles, portable launchers of anti-tank missiles, and rocket systems, portable launchers of anti-aircraft missile systems, and mortars of a caliber of fewer than 100 millimeters.
Global Light Weapons Market Segments Include:
By Type: HMG, Light Cannon, MANPAT, Mortar, MANPAD, Grenades, Missiles, Launcher, ATW, Landmine
By Application: Defense, Homeland Security
By Technology: Guided, Unguided
By Material: Steel, Polymers
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the light weapons market in 2021.
The evolution of technology is a key trend gaining popularity in the light weapons market. Technology is shaping how wars are fought, borders are protected, crooks are caught, and individual rights are defined. The evolution of technology has led to the development of guided weapons with a high target hit ratio, which is supported through a range of accessories. Weapon sights, night vision equipment, targeting lasers, laser rangefinders, and fire control systems are just a few examples.
Major Market Players: Lockheed Martin Corporation, Alliant Techsystems Inc, Rheinmetall AG, Raytheon Technologies Corporation, Thales Group, Heckler & Koch, F N Herstal, SAAB AB, MBDA Inc, BAE Systems plc, Rostec, Rafael Advanced Defense Systems Ltd, General Dynamics Corporation, John Cockerill (Cockerill Maintenance), Elbit Systems, Arsenal JSCo and Indian Ordnance Factories Organization.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Light Weapons Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides light weapons market overviews, analyzes and forecasts market size, share, light weapons market players, light weapons market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s light weapons market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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