LONDON, July 20, 2022 (GLOBE NEWSWIRE) -- According to The Business Research Company’s research report on the small arms and light weapons market, 3D printing is a significant innovation in small arms manufacturing. Of particular concern is the availability of this technology for criminal and terrorist activities. At the moment, weapon theft or purchase on the illicit market may require less effort than printing an effective, reliable weapon. But this could change. Once production costs decrease and quality increases, 3D printing is expected to become a lucrative alternative for small-scale illicit weapon manufacturing and sale. The printed parts of a 3D printed gun can be made using a standard FDM (Fused Deposition Modeling) desktop printer. This technology works by extruding thin plastic lines, building layer upon layer on a build plate until you have a complete 3D model. In 2019, the US Army experimented with a 3D printed grenade launcher system called RAMBO (Rapid Additively Manufactured Ballistic Ordnance). Firing 40 mm 3D printed grenades, RAMBO is modeled on the army’s M203 grenade launcher and demonstrates how rapid, localized production could bridge or replace traditional supply chains.
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The global small arms and light weapons market size is expected to grow from $11.02 billion in 2021 to $11.47 billion in 2022 at a compound annual growth rate (CAGR) of 4.1%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The and small arms and light weapons market share is expected to reach $12.17 billion in 2026 at a CAGR of 1.5%.
The increasing military modernization programs will drive the growth of the small arms and light weapons market. In December 2021, the US Army’s modernization effort was well underway, with service leaders pledging that 24 of the service’s 35 modernization programs will be in soldiers’ hands as fielded systems or prototypes in the fiscal year 2023. The multi-billion-dollar effort includes a wide range of next-generation battlefield capabilities, from new ground vehicles to long-range missiles to enhanced network tools, as the service pivots away from counterterror operations to near-peer threats in China and Russia. Therefore, the increasing military modernization programs will drive the growth of the small arms and light weapons market.
Major players in the small arms and light weapons market are Beretta S.p.A., FN Herstel, Smith & Wesson Holding Corporation, SIG Sauer, Carl Walther GmbH., GLOCK Ges m.b. H, Colt’s Manufacturing Company LLC, Lockheed Martin Corporation, Thales Group, SAAB AB, Glock Ges. m.b.H., Browning Arms Company, Heckler and Koch, Sturm Ruger & Company, and Alliant Techsystems.
The global small arms and light weapons industry report is segmented by type into small arms, light weapons; by application into military, law enforcement; by calibre into14.5mm, 12.7 mm, 9 mm, 7.62mm, 5.56mm; by end-use sector into defense, civil and commercial; by action into semi-automatic, automatic; by firing systems into recoil-operated, gas-operated, manual
Asia-Pacific is the largest region in the small arms and weapons market. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the small arms and light weapons market outlook are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Small Arms And 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 provide small arms and light weapons market overviews, small arms and light weapons market analyze and forecast market size and growth for the whole market, small arms and light weapons market segments and geographies, small arms and light weapons market trends, small arms and light weapons market drivers, small arms and light weapons market restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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