Light Weapons Market Size Worth USD 21.98 Billion in 2032 | Emergen Research

Vancouver, Nov. 28, 2023 (GLOBE NEWSWIRE) -- The global light weapons market is forecasted to be worth USD 21.98 billion by 2032, 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.

The global market landscape of light weapons is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.

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Scope of Research

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Competitive Landscape

The market for Light Weapons Market is mostly on the fragmented side, with a number of conglomerates as well as medium-sized & start-up companies, which account for a major global share of the market. The crucial players involved in the Light Weapons Market are desegregated across the value chain. The key companies of the market are well-equipped with large production facilities and are also engaged in various research & development activities. Some of the prominent players in the market include:

• 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

Strategic Development

In January 2020, The Adani Group, an Indian conglomerate, announced their 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.

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Further key findings from the report suggest

• 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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For the purpose of this report, Emergen Research has segmented into the global Light Weapons Market on the basis of Type, End Users, Materials Used, Technology and Region:

• Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2019-2032)
  • 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; 2019-2032)
  • Military
  • Law Enforcement
• Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2019-2032)
  • Steel
  • Aluminum
  • Polymer
  • Others
• Technology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2019-2032)
  • Guided
  • Unguided
• Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2019-2032)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Russia
    2. UK
    3. Germany
    4. France
    5. BENELUX
  • Asia Pacific
    1. China
    2. Japan
    3. India
    4. Pakistan
    5. South Korea
    6. North Korea
    7. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Israel
    4. Rest of MEA

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