Small Arms and Light Weapons Market to Grow at CAGR of 6.59% Through 2029

Rising geopolitical tensions, increasing defense budgets, and advancements in weapon technology are the factors driving the small arms and light weapons market in the forecast period 2025-2029. 

According to TechSci Research report, “Small Arms and Light Weapons Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, The Global Small Arms and Light Weapons Market stood at USD 13.75 Billion in 2023 and is anticipated to grow with a CAGR of 6.59% in the forecast period through 2029F. 

The global rise in urbanization and associated homeland security concerns contribute to the demand for SALW tailored to urban environments. Law enforcement agencies seek firearms that are maneuverable and effective in densely populated areas. The emphasis on addressing security challenges in urban settings drives the market toward the development of compact, specialized small arms suitable for various law enforcement and counter-terrorism applications.

The proliferation of non-state armed groups, insurgencies, and asymmetric warfare scenarios globally contribute to the demand for small arms and light weapons. In conflict zones, such groups often seek to acquire modern and sophisticated weaponry, creating an additional market driver. Efforts to counteract the activities of these groups drive governments to invest in advanced SALW to maintain security and stability.

In many regions, inadequate stockpile management poses a significant challenge to controlling the proliferation of small arms. Poorly secured stockpiles are susceptible to theft and unauthorized access, contributing to the illicit supply of firearms. Addressing the issue requires comprehensive efforts to enhance storage infrastructure, implement robust inventory management systems, and promote international cooperation in ensuring the security of weapon stockpiles.

The challenge of civilian gun ownership and its correlation with firearm-related violence is a complex issue faced by many nations. Striking a balance between individual rights, public safety, and preventing gun violence is a delicate challenge. Countries with high rates of civilian gun ownership often grapple with finding effective regulatory measures to mitigate the risk of misuse, accidents, and criminal activity associated with privately owned firearms. Balancing the right to bear arms with the need for public safety remains an ongoing challenge in various legal and cultural contexts.

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Based on by type, Small arms, including handguns, rifles, and shotguns, constitute a significant portion of the SALW market. These weapons are characterized by their compact size, ease of use, and versatility, making them indispensable tools for military, law enforcement, and civilian applications. In recent years, the demand for small arms has been driven by a range of factors, including geopolitical tensions, domestic security concerns, and civilian self-defense needs. North America, particularly the United States, remains a dominant market for small arms, owing to its extensive military and civilian firearms ownership culture. The region's robust defense spending and civilian firearm market contribute to sustained demand for small arms. Additionally, Europe & CIS countries, while typically more stringent in firearm regulations compared to North America, still exhibit significant demand for small arms, driven by military modernization programs, law enforcement requirements, and civilian shooting sports enthusiasts.

Light weapons encompass a broader category of military-grade weapons, including machine guns, grenade launchers, and portable anti-tank weapons. These weapons are characterized by their higher firepower and are typically employed by military forces for infantry support, vehicle-mounted applications, and special operations. The demand for light weapons is closely linked to military modernization efforts, counterinsurgency operations, and border security requirements. In regions such as Asia Pacific and the Middle East & Africa, ongoing conflicts, territorial disputes, and counterterrorism operations drive demand for light weapons. Asia Pacific, home to several rapidly growing economies and escalating geopolitical tensions, presents significant opportunities for light weapons manufacturers. Similarly, the Middle East & Africa region, characterized by volatile security environments and persistent regional conflicts, remains a lucrative market for light weapons suppliers.

Major companies operating in Global Small Arms and Light Weapons Market are:

• Smith & Wesson Brands, Inc. 
• Sturm, Ruger & Co., Inc.
• RTX Corporation
• Sig Sauer, Inc.
• Heckler & Koch GmbH
• FN Herstal S.A.
• Colt's Manufacturing Company LLC

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“A trend specific to the civilian market is the development of personal defense technologies for individual firearm owners. This includes compact and concealable small arms, as well as accessories such as integrated lights and laser aiming devices for enhanced self-defense capabilities. The trend caters to the demand for accessible and user-friendly personal defense solutions within legal frameworks that permit civilian firearm ownership”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Small Arms and Light Weapons Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Small Arms And Light Weapons), By End-User Sector (Law Enforcement, Military & Defense, Civil & Commercial), By Caliber (14.5 mm, 9 mm, 12.7 mm, 5.56 mm, 14.9 mm, 7.62 mm), By Region & Competition, 2019-2029F”, has evaluated the future growth potential of Global Small Arms and Light Weapons Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Small Arms and Light Weapons Market.

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