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Increased defense spending are expected to drive innovation in small arms and light weapons manufacturing, thus driving the market during the forecast period.

The global small arms and light weapons market is expected to grow from $12.07 billion in 2022 to $12.9 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The global small arms and light weapons market size is expected to grow to $15.54 billion in 2027 at a CAGR of 4.8%.

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Global Small Arms And Light Weapons Market Segments Include:

• By Type: Small Arms, Light Weapons
• By Application: Military, Law Enforcement
• By Caliber:5mm, 12.7 mm, 9 mm, 7.62mm, 5.56mm
• By End-Use Sector: Defense, Civil & Commercial
• By Action: Semi-Automatic, Automatic6) By Firing Systems: Recoil-Operated, Gas-Operated, Manual
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global small arms and light weapons market in 2021.

Major Market Players in the small arms and light weapons market include Beretta S.p.A., FN Herstel, Smith & Wesson Holding Corporation, SIG Sauer, Carl Walther GmbH., and GLOCK Ges m.b. H, Colt’s Manufacturing Company LLC.

Growing technological advancements are a major trend gaining popularity in the small arms and light weapons market. Major companies operating in the small arms and light weapons market are focused on developing advanced technology solutions for small arms and light weapons. For instance, in August 2021, MZA Associates Corp., a US-based laser weapons company, announced that they collaborated with the US military to develop a compact, portable, low-cost, and reliable C-UAS HELWS to damage or destroy unmanned aerial vehicles (UAVs) that are violating the airspace of military bases or other sensitive installations.

The Small Arms And Light Weapons Global Market Report 2023  provides a small arms and light weapons market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The small arms and light weapons market forecast analyzes small arms and light weapons market size, small arms and light weapons market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Small arms and light weapons refer to light weapons that are used by two or more persons as a crew such as pistols, rifles, submachine guns, assault rifles, and light machine guns.

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