Light Weapons Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Heavy Machine Guns, Grenades and Grenade Launchers, Mortars, Man-portable Anti-tank Systems, Man-portable Air Defense Systems, and Other Types), By Technology (Guided and Unguided), By Application (Defense, Homeland Security), By Region, Competition, 2018-2028

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 12.1 Billion

CAGR (2023-2028)

5.96%

Fastest Growing Segment

Man-portable Anti-tank Systems

Largest Market

North America


Market Overview

Global Light Weapons Market has valued at USD 12.1 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 5.96% through 2028. The Global Light Weapons Market is currently witnessing a remarkable growth trajectory, propelled by the escalating geopolitical conflicts and rapid advancements in weapon technology. These highly sophisticated weapons, ranging from handguns and grenades to launchers and anti-aircraft missiles, are experiencing an unprecedented surge in demand from military and law enforcement agencies across the globe.

With increasing concerns over national security and the need for advanced weaponry, nations are continuously investing in their defense sectors, acting as a catalyst for the expansion of this dynamic market. Furthermore, the growing adoption of light weapons in peacekeeping missions and counterterrorism operations further augments the market growth.

Moreover, in today's complex geopolitical landscape, the proliferation of regional conflicts and the rise of non-state actors have significantly heightened the demand for light weapons. These versatile tools offer a strategic advantage in asymmetric warfare scenarios, where agility and adaptability are paramount.

Furthermore, the integration of advanced technologies, such as smart sensors and precision-guided systems, has revolutionized the effectiveness and efficiency of these weapons. With enhanced accuracy and target acquisition capabilities, defense organizations are increasingly adopting these cutting-edge solutions to ensure the utmost precision in their operations. The growing popularity of such weapons underscores their crucial role in modern defense strategies and highlights the need for continuous innovation in this field.

Considering these factors, the Global Light Weapons Market is poised to experience sustained growth in the coming years, as nations strive to protect their national interests and maintain a competitive edge in an increasingly volatile global landscape.

Furthermore, the increasing need for modernizing military infrastructure and enhancing defense capabilities fuels the demand for light weapons. As nations strive to ensure their national security and protect their interests, the procurement and deployment of light weapons become paramount. The constant evolution of warfare tactics and strategies necessitates the adoption of advanced weaponry to stay ahead in the ever-changing landscape of global conflicts.

Moreover, the rising focus on counter-terrorism operations and border security also contributes to the market growth. With the increasing threats posed by non-state actors and transnational organized crime, law enforcement agencies require efficient and precise light weapons to combat these challenges effectively. The versatility and maneuverability of light weapons make them indispensable tools in maintaining law and order and safeguarding national borders.

However, it is important to note that the market expansion may face certain challenges due to stringent regulations associated with the cross-border trade and use of such weapons. The adherence to international arms control agreements and the prevention of illicit arms trafficking are crucial concerns for governments worldwide. These regulations aim to prevent the misuse of light weapons and promote peace and stability in the global arena. Striking the right balance between enabling legitimate defense needs and ensuring responsible arms control remains a complex task for policymakers.

In conclusion, the Global Light Weapons Market is poised for sustained growth, driven by geopolitical factors, technological advancements, and increased defense investments. While the market offers numerous opportunities, it is essential for all stakeholders to balance the demand for light weapons with responsible regulation and oversight to ensure global security and stability. Continuous innovation, collaboration, and dialogue among nations are vital in managing the evolving landscape of light weapons and their impact on international security.

Key Market Drivers

Ongoing Regional Conflicts and Security Concerns

One of the primary drivers of the global light weapons market is the persistence of regional conflicts and security concerns across the world. These conflicts, whether they are armed insurgencies, border disputes, or counter-terrorism operations, fuel a continuous demand for light weapons. Military forces and law enforcement agencies involved in such conflicts require reliable, lightweight, and portable arms to address the evolving security landscape effectively.

The Middle East, South Asia, and certain parts of Africa have been hotspots for regional conflicts and terrorism, leading to a sustained demand for light weapons in these regions. In particular, the rise of non-state actors and terrorist organizations has necessitated the need for modern, reliable, and easily accessible light weapons to counteract these threats.

In recent years, even some stable regions have experienced an uptick in security concerns, leading to increased procurement of light weapons by governments and agencies focused on maintaining law and order. As long as regional conflicts and security challenges persist, the global light weapons market will continue to thrive.

Technological Advancements and Modernization Initiatives

The global arms industry, including the light weapons segment, is heavily influenced by rapid technological advancements and modernization efforts. The development and incorporation of cutting-edge technologies into light weapons have been a driving force behind market growth. These advancements have led to the creation of more accurate, reliable, and efficient light weapons systems.

a. Firearm Technology: Modern firearms are equipped with advanced optics, such as red dot sights and night vision scopes, which improve target acquisition and accuracy, especially in low-light conditions. Additionally, developments in materials science and manufacturing processes have led to the production of lighter yet stronger firearms.

b. Ammunition Innovation: The design and production of ammunition have seen significant improvements, resulting in rounds with better penetration, reduced recoil, and enhanced terminal ballistics. These advancements have not only improved the effectiveness of light weapons but have also reduced the burden on the user.

c. Accessories and Attachments: Attachments such as suppressors, bipods, and under-barrel grenade launchers have become more sophisticated and user-friendly, allowing operators to customize their weapons for specific mission requirements.

d. Electronic Systems: Electronic systems, including smart optics, ballistic calculators, and integrated sensors, have made light weapons more adaptable to modern warfare scenarios.

Modernization initiatives by governments and defense agencies worldwide are aimed at equipping their forces with the latest and most effective light weapons to maintain military superiority. As a result, the demand for upgraded light weapons continues to drive the market, fostering innovation and competition among manufacturers.

Proliferation of Non-State Actors and Terrorism

The rise of non-state actors, insurgent groups, and terrorist organizations across the globe has significantly impacted the global light weapons market. These entities often operate in regions where state control is limited or contested, making light weapons more accessible and appealing for their arsenals. The proliferation of these groups necessitates a proactive response from governments and security agencies, leading to an increased demand for light weapons.

Non-state actors have demonstrated their ability to adapt to evolving conflict dynamics, often relying on light weapons to wage asymmetric warfare. The portability and ease of use of light weapons make them particularly suitable for such groups. Consequently, governments and defense organizations must continually upgrade their arsenals to counter these threats effectively.

Governments and international bodies have recognized the urgency of addressing the proliferation of light weapons to mitigate security risks. However, the complex nature of these issues presents a challenge, as they often involve illegal arms trafficking and the diversion of legally manufactured weapons to illicit markets.

The ongoing battle against non-state actors and terrorism ensures that the global light weapons market remains a critical component of national and international security efforts.

Geopolitical Tensions and Territorial Disputes

Geopolitical tensions and territorial disputes can exert a significant influence on the demand for light weapons. These conflicts often lead to military buildups and the acquisition of arms, including light weapons, to safeguard territorial integrity or assert dominance in contested areas. Notable examples include disputes in the South China Sea, the Ukraine-Russia conflict, and tensions in the Taiwan Strait.

In such scenarios, nations that perceive a threat to their sovereignty or interests tend to invest in the acquisition and development of light weapons. These weapons are seen as essential tools for asserting control over disputed territories or deterring potential adversaries.

Geopolitical tensions can also trigger arms races, prompting countries to invest in the acquisition of advanced light weapons to maintain a strategic edge in their regions. The potential for conflict or the need to bolster deterrence capabilities drives the global light weapons market, with manufacturers and suppliers benefitting from increased demand.

Law Enforcement and Civilian Demand

While the majority of light weapons are designed for military applications, there is also a growing market for law enforcement agencies and civilian consumers. Law enforcement agencies, particularly in countries with high rates of crime or urban unrest, require reliable and effective light weapons to maintain law and order.

Civilian demand, especially in regions with a strong gun culture, is another driver of the light weapons market. This demand is often met by manufacturers producing semi-automatic pistols, shotguns, and sporting rifles. Gun enthusiasts, hunters, and sports shooters contribute to the market's growth by purchasing firearms and associated accessories.

Legal frameworks and regulations vary significantly from one country to another, impacting civilian access to light weapons. In some regions, the civilian market is tightly regulated, while in others, it is more permissive. The dynamics of this segment are also influenced by cultural factors, social norms, and the perception of personal security.

 

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Key Market Challenges

Stringent Regulatory and Export Control Measures

The global light weapons market is subject to a complex web of regulations and export control measures imposed by governments and international organizations. These regulations are intended to prevent the illicit proliferation of arms and to enhance international security. However, they pose significant hurdles for manufacturers and suppliers in the market.

Stringent export control measures often entail restrictions on the transfer of light weapons based on various factors, including the recipient's human rights record, past misuse of arms, and involvement in conflicts. These restrictions can substantially limit the market's potential customer base and create obstacles for those engaged in the legal trade of light weapons.

Moreover, transparency and reporting requirements demand detailed information about the origin, destination, and purpose of arms transfers. This can be time-consuming and resource-intensive for manufacturers and exporters, adding complexity to the market's operations.

The Arms Trade Treaty (ATT), an international agreement aimed at regulating the trade in conventional arms, including light weapons, seeks to enhance transparency and accountability. However, the treaty's implementation varies among signatory countries, further complicating the regulatory environment for the global light weapons market.

Ethical and Human Rights Concerns

One of the most pressing challenges faced by the global light weapons market is the ethical and human rights concerns associated with the use and misuse of these arms. Light weapons have been utilized in various conflicts and are often associated with human rights abuses and civilian casualties. The ethical dilemma is exacerbated by the fact that some weapons may end up in the hands of non-state actors, terrorist groups, or regimes with poor human rights records.

This challenge has led to increased scrutiny from advocacy groups and the media, as well as calls for greater accountability in the arms industry. Manufacturers and suppliers are pressured to ensure that their products do not contribute to human rights violations, and this can involve thorough due diligence in vetting customers and end-users.

Governments and international organizations have also taken steps to address these concerns by implementing stricter export controls and sanctions. Consequently, companies operating in the global light weapons market must navigate this intricate ethical landscape while balancing their financial interests.

Illicit Arms Trade and Diversion

The illicit arms trade and diversion of light weapons are major challenges for the global market. Light weapons, despite strict regulations, often find their way into the hands of unauthorized users, criminals, and non-state actors, fueling insecurity and instability in various regions.

Illicit arms trade can take many forms, including smuggling, theft, and the re-routing of legally manufactured weapons to illegal markets. These activities undermine the efforts of governments and international organizations to control the circulation of light weapons.

Illicit arms trade is often facilitated by corruption within the arms industry and lax border controls, making it difficult to track and prevent. It poses a severe challenge to legitimate manufacturers and suppliers, as it can result in reputational damage and increased scrutiny from regulatory authorities.

Geopolitical Tensions and Export Restrictions

The global light weapons market is significantly affected by geopolitical tensions and export restrictions imposed by various nations. These tensions can result in changes in policy, including the imposition of export embargoes or restrictions on arms sales to specific regions.

When geopolitical tensions escalate, countries may suspend or limit the export of light weapons to certain regions or countries they perceive as potential adversaries. This can disrupt the supply chain and create uncertainty for manufacturers and suppliers in the market.

Moreover, export restrictions can lead to concerns about over-dependence on specific suppliers, affecting the procurement strategies of nations and their ability to diversify their sources of light weapons. These dynamics can result in market uncertainty and can impact the financial stability of manufacturers and suppliers.

Regional Conflicts and Insecurity

Regional conflicts and insecurity pose a significant challenge to the global light weapons market. These conflicts often create a surge in demand for light weapons, as governments and non-state actors seek to bolster their arsenals in response to perceived threats.

Conflicts in regions such as the Middle East, South Asia, and Africa have been instrumental in driving the global light weapons market. These areas have witnessed ongoing instability, insurgencies, and terrorism, leading to a sustained demand for light weapons. In such regions, the portability and ease of use of light weapons make them a preferred choice for various armed groups.

However, the challenge for manufacturers and suppliers is that regional conflicts are often accompanied by a complex set of regulatory, ethical, and geopolitical issues. Ensuring that light weapons are provided to legitimate actors and not diverted to illicit markets is a daunting task. This challenge highlights the delicate balance between the market's financial interests and the ethical considerations related to regional conflicts and insecurity.

Key Market Trends

Modernization and Technological Advancements

A prominent trend in the global light weapons market is the continuous modernization and integration of advanced technologies into these armaments. Modern armed forces and law enforcement agencies demand lighter, more accurate, and versatile light weapons equipped with state-of-the-art features. As a result, manufacturers have been compelled to develop and incorporate innovations to meet these demands.

One facet of this trend involves firearm technology, with the development of advanced optics, such as red dot sights and night vision scopes, enhancing target acquisition and accuracy, particularly in low-light conditions. Additionally, advancements in materials science and manufacturing processes have led to the production of lighter yet more durable firearms. These innovations not only improve the effectiveness of light weapons but also reduce the burden on the user.

Ammunition innovation is another significant aspect of modernization. The design and production of ammunition have seen substantial improvements, resulting in rounds with better penetration, reduced recoil, and enhanced terminal ballistics. These developments contribute to the overall performance and efficiency of light weapons systems.

Moreover, accessories and attachments, such as suppressors, bipods, and under-barrel grenade launchers, have become more sophisticated and user-friendly, allowing operators to customize their weapons to suit specific mission requirements. Electronic systems, including smart optics, ballistic calculators, and integrated sensors, have made light weapons more adaptable to the demands of modern warfare scenarios.

This trend is likely to continue as manufacturers strive to meet the evolving needs of armed forces and law enforcement agencies, resulting in a constant cycle of innovation in the global light weapons market.

Geopolitical Tensions and Geographical Shifts in Demand

Geopolitical tensions and shifts in demand are key drivers of the global light weapons market. The landscape of international politics and security has a direct impact on arms procurement and the patterns of demand for light weapons. Regional tensions, border disputes, and geopolitical rivalries can lead nations to bolster their defense capabilities, increasing their demand for arms.

For instance, the ongoing tensions in regions like the South China Sea, Eastern Europe, and the Middle East have led to a surge in arms acquisitions, including light weapons. Countries involved in territorial disputes or facing potential threats may increase their procurement of these weapons to enhance their deterrence capabilities.

Additionally, geopolitical shifts can result in changes in arms suppliers, with nations looking to diversify their sources of light weapons. This diversification is often driven by concerns about over-dependence on a single supplier, as well as efforts to establish stronger strategic partnerships.

The influence of geopolitical tensions on the global light weapons market highlights the interconnectedness of international politics, security, and the arms industry. Manufacturers and suppliers must continually adapt to meet the evolving demands of customers in response to these geopolitical dynamics.

Rise of Hybrid Warfare and Asymmetric Threats

The rise of hybrid warfare and asymmetric threats has introduced new dynamics into the global light weapons market. Hybrid warfare refers to the blending of conventional and unconventional tactics by state and non-state actors, while asymmetric threats are posed by non-traditional adversaries with varying levels of resources.

These forms of conflict often necessitate versatile, lightweight, and adaptable light weapons. Armed forces and security agencies are seeking arms that can respond effectively to hybrid threats, such as those involving insurgencies, terrorism, or cyber warfare, where the lines between military and non-military actors are blurred.

Asymmetric threats are characterized by adversaries who rely on unconventional tactics and employ light weapons that are readily available on the black market. To counter these threats, security forces need arms that can adapt to rapidly changing situations. As a result, manufacturers in the light weapons market are developing systems and technologies that address the challenges posed by hybrid warfare and asymmetric threats.

Enhanced mobility, modular designs, and increased interoperability have become key features of light weapons that support the requirements of modern conflict scenarios. These developments ensure that light weapons remain relevant in an evolving security landscape.

Humanitarian Concerns and Ethical Considerations

Ethical and humanitarian concerns related to the use and misuse of light weapons are increasingly shaping the global market. Light weapons have been implicated in numerous conflicts and have often been associated with human rights violations, civilian casualties, and the exacerbation of conflicts. This has prompted international scrutiny and calls for greater accountability within the arms industry.

Advocacy groups, civil society, and the media play a significant role in drawing attention to ethical and humanitarian concerns related to light weapons. Manufacturers and suppliers are under pressure to ensure that their products do not contribute to human rights abuses or exacerbate conflicts. This involves rigorous due diligence in vetting customers and end-users to prevent weapons from falling into the wrong hands.

Governments and international organizations are also taking steps to address these concerns. Stricter export controls, sanctions, and regulations are being imposed to prevent the misuse of light weapons and to enhance transparency in arms transactions. As a result, companies operating in the global light weapons market must navigate a complex ethical landscape while balancing their financial interests.

The ethical and humanitarian considerations within the global light weapons market underline the challenges of balancing the commercial interests of the industry with international norms and values, adding complexity to arms procurement and sales.

Technological Integration for Enhanced User Experience

Light weapons manufacturers are increasingly focusing on enhancing the user experience by integrating technology into their products. This trend involves leveraging digitalization and smart technologies to make light weapons more user-friendly and effective for operators.

One area of technological integration is the use of digital optics and sensors. Red dot sights, holographic sights, and advanced scopes with integrated rangefinders and ballistic calculators are becoming commonplace, improving target acquisition, accuracy, and situational awareness for users. Night vision and thermal imaging technology have also advanced significantly, providing the capability to operate effectively in low-light and adverse conditions.

Additionally, electronic firing control systems and biometric recognition technologies are being incorporated into firearms to enhance safety and prevent unauthorized use. These features can help minimize the risk of accidental discharges and provide enhanced control over weapon access.

Interoperability and connectivity are another aspect of technological integration. Modern light weapons are designed to work seamlessly with communication and targeting systems, allowing for real-time data exchange and coordination in the field.

These technological advancements are aimed at improving the overall user experience and effectiveness of light weapons, making them more reliable and versatile in the hands of operators. As technology continues to advance, this trend is expected to persist, further enhancing the capabilities of light weapons systems.

Segmental Insights

Technology Analysis

The global Light Weapons Market is experiencing a rapid expansion, driven by advancements in technology and an increased focus on security and defense worldwide. Innovations in areas such as precision targeting, miniaturization, and electronic warfare technologies are revolutionizing this market. Various types of light weapons, including anti-aircraft missiles, mortars, and grenades, are seeing enhanced capabilities due to these tech advancements. However, international regulations and treaties concerning arms control pose significant challenges to the market's growth. The trend towards unmanned combat systems could also affect the demand for certain types of light weapons. As the geopolitical landscape continues to evolve, the light weapons market is expected to adapt and innovate in response.

Application Analysis

The global Light Weapons Market has been experiencing considerable growth, spurred by geopolitical tensions, increasing military expenditure, and advancements in weapons technology. These weapons range from small arms to man-portable air-defense systems and are employed by both security forces and non-state actors. The market's expansion is strongly influenced by regional conflicts and the global arms trade, making it a complex and highly dynamic industry. However, ethical considerations and arms control agreements may present challenges to future growth.


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Regional Insights

The global Light Weapons Market is witnessing significant growth across various regions. In North America, the presence of key market players and increased defense expenditure are driving the market. Europe, with its ongoing combat operations and peace missions, is another region contributing to the demand for light weapons. The Asia-Pacific region, led by countries such as China and India, is emerging as a lucrative market due to increasing military expenditures and border disputes. On the other hand, political unrest and conflicts in the Middle East and Africa are fueling the demand for light weapons in these regions.

Recent Developments

  • In February 2022, the Indian Army signed a contract worth INR 3,131.82 crore (USD 413.50 million) with Bharat Dynamics Limited (BDL) to manufacture and supply Konkurs-M anti-tank guided missiles to destroy armored vehicles equipped with explosive reactive armors. The contract is expected to run over a period of three years.
  • In January 2022, the Finnish Defence Forces Logistics Command was approved by the Ministry of Defence of Finland for the procurement of new rifle systems that will be used by snipers as well as the precision and range of infantry sections. Sako, a Finland-based company, was selected to provide semi-automatic Sniper Rifle 23 and the Designated Marksman Rifle 23.

Key Market Players

  • FN Herstal SA
  • Saab AB
  • Raytheon Technologies Corporation
  • MBDA Inc.
  • Thales Group
  • BAE Systems PLC
  • Rheinmetall AG
  • Rostec
  • Lockheed Martin Corporation
  • Rafael Advanced Defense Systems Ltd

By Type

By Technology

By Application

By Region

Heavy Machine Guns

Grenades and Grenade Launchers

Mortars

Man-portable Anti-tank Systems

Man-portable Air Defense Systems

Other

Guided

Unguided                  

Defense

Homeland Security

North America

Europe & CIS

Asia Pacific

South America

Middle East & Africa

 

Report Scope:

In this report, the Global Light Weapons Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Light Weapons Market, By Type:

o   Heavy Machine Guns

o   Grenades and Grenade Launchers

o   Mortars

o   Man-portable Anti-tank Systems

o   Man-portable Air Defense Systems

o   Other

  • Light Weapons Market, By Technology:

o   Guided

o   Unguided

  • Light Weapons Market, By Application:

o   Defense

o   Homeland Security

  • Light Weapons Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   North America

§  United States

§  Canada

§  Mexico

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Turkey

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Light Weapons Market.

Available Customizations:

Global Light Weapons Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Light Weapons Market

5.    Global Light Weapons Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (Heavy Machine Guns, Grenades and Grenade Launchers, Mortars, Man-portable Anti-tank Systems, Man-portable Air Defense Systems, and Other Types)

5.2.2.    By Technology Market Share Analysis (Guided and Unguided)

5.2.3.    By Application Market Share Analysis (Defense, Homeland Security)      

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        Asia-Pacific Market Share Analysis

5.2.4.2.        Europe & CIS Market Share Analysis

5.2.4.3.        North America Market Share Analysis

5.2.4.4.        South America Market Share Analysis

5.2.4.5.        Middle East & Africa Market Share Analysis

5.2.5.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3.  Global Light Weapons Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Technology Market Mapping & Opportunity Assessment

5.3.3.    By Application Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Light Weapons Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value  

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Technology Market Share Analysis

6.2.3.    By Application Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Market Share Analysis

6.2.4.2.        India Market Share Analysis

6.2.4.3.        Japan Market Share Analysis

6.2.4.4.        Indonesia Market Share Analysis

6.2.4.5.        Thailand Market Share Analysis

6.2.4.6.        South Korea Market Share Analysis

6.2.4.7.        Australia Market Share Analysis

6.2.4.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Light Weapons Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value  

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type Market Share Analysis

6.3.1.2.2.           By Technology Market Share Analysis

6.3.1.2.3.           By Application Market Share Analysis

6.3.2.    India Light Weapons Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value  

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type Market Share Analysis

6.3.2.2.2.           By Technology Market Share Analysis

6.3.2.2.3.           By Application Market Share Analysis

6.3.3.    Japan Light Weapons Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value  

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type Market Share Analysis

6.3.3.2.2.           By Technology Market Share Analysis

6.3.3.2.3.           By Application Market Share Analysis

6.3.4.    Indonesia Light Weapons Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value  

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Type Market Share Analysis

6.3.4.2.2.           By Technology Market Share Analysis

6.3.4.2.3.           By Application Market Share Analysis

6.3.5.    Thailand Light Weapons Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value  

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Type Market Share Analysis

6.3.5.2.2.           By Technology Market Share Analysis

6.3.5.2.3.           By Application Market Share Analysis

6.3.6.    South Korea Light Weapons Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Value  

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Type Market Share Analysis

6.3.6.2.2.           By Technology Market Share Analysis

6.3.6.2.3.           By Application Market Share Analysis

6.3.7.    Australia Light Weapons Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Value  

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Type Market Share Analysis

6.3.7.2.2.           By Technology Market Share Analysis

6.3.7.2.3.           By Application Market Share Analysis

7.    Europe & CIS Light Weapons Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value  

7.2.  Market Share & Forecast

7.2.1.    By Type Market Share Analysis

7.2.2.    By Technology Market Share Analysis

7.2.3.    By Application Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        Germany Market Share Analysis

7.2.4.2.        Spain Market Share Analysis

7.2.4.3.        France Market Share Analysis

7.2.4.4.        Russia Market Share Analysis

7.2.4.5.        Italy Market Share Analysis

7.2.4.6.        United Kingdom Market Share Analysis

7.2.4.7.        Belgium Market Share Analysis

7.2.4.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Light Weapons Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value  

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type Market Share Analysis

7.3.1.2.2.           By Technology Market Share Analysis

7.3.1.2.3.           By Application Market Share Analysis

7.3.2.    Spain Light Weapons Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value  

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type Market Share Analysis

7.3.2.2.2.           By Technology Market Share Analysis

7.3.2.2.3.           By Application Market Share Analysis

7.3.3.    France Light Weapons Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value  

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type Market Share Analysis

7.3.3.2.2.           By Technology Market Share Analysis

7.3.3.2.3.           By Application Market Share Analysis

7.3.4.    Russia Light Weapons Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value  

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type Market Share Analysis

7.3.4.2.2.           By Technology Market Share Analysis

7.3.4.2.3.           By Application Market Share Analysis

7.3.5.    Italy Light Weapons Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value  

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type Market Share Analysis

7.3.5.2.2.           By Technology Market Share Analysis

7.3.5.2.3.           By Application Market Share Analysis

7.3.6.    United Kingdom Light Weapons Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Value  

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Type Market Share Analysis

7.3.6.2.2.           By Technology Market Share Analysis

7.3.6.2.3.           By Application Market Share Analysis

7.3.7.    Belgium Light Weapons Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Value  

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Type Market Share Analysis

7.3.7.2.2.           By Technology Market Share Analysis

7.3.7.2.3.           By Application Market Share Analysis

8.    North America Light Weapons Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value  

8.2.  Market Share & Forecast

8.2.1.    By Type Market Share Analysis

8.2.2.    By Technology Market Share Analysis

8.2.3.    By Application Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        United States Market Share Analysis

8.2.4.2.        Mexico Market Share Analysis

8.2.4.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Light Weapons Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value  

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type Market Share Analysis

8.3.1.2.2.           By Technology Market Share Analysis

8.3.1.2.3.           By Application Market Share Analysis

8.3.2.    Mexico Light Weapons Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value  

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type Market Share Analysis

8.3.2.2.2.           By Technology Market Share Analysis

8.3.2.2.3.           By Application Market Share Analysis

8.3.3.    Canada Light Weapons Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value  

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type Market Share Analysis

8.3.3.2.2.           By Technology Market Share Analysis

8.3.3.2.3.           By Application Market Share Analysis

9.    South America Light Weapons Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value  

9.2.  Market Share & Forecast

9.2.1.    By Type Market Share Analysis

9.2.2.    By Technology Market Share Analysis

9.2.3.    By Application Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        Brazil Market Share Analysis

9.2.4.2.        Argentina Market Share Analysis

9.2.4.3.        Colombia Market Share Analysis

9.2.4.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Light Weapons Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value  

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type Market Share Analysis

9.3.1.2.2.           By Technology Market Share Analysis

9.3.1.2.3.           By Application Market Share Analysis

9.3.2.    Colombia Light Weapons Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value  

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type Market Share Analysis

9.3.2.2.2.           By Technology Market Share Analysis

9.3.2.2.3.           By Application Market Share Analysis

9.3.3.    Argentina Light Weapons Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value  

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type Market Share Analysis

9.3.3.2.2.           By Technology Market Share Analysis

9.3.3.2.3.           By Application Market Share Analysis

10.  Middle East & Africa Light Weapons Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value   

10.2.            Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Technology Market Share Analysis

10.2.3. By Application Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     South Africa Market Share Analysis

10.2.4.2.     Turkey Market Share Analysis

10.2.4.3.     Saudi Arabia Market Share Analysis

10.2.4.4.     UAE Market Share Analysis

10.2.4.5.     Rest of Middle East & Africa Market Share Africa

10.3.            Middle East & Africa: Country Analysis

10.3.1. South Africa Light Weapons Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value  

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type Market Share Analysis

10.3.1.2.2.         By Technology Market Share Analysis

10.3.1.2.3.         By Application Market Share Analysis

10.3.2. Turkey Light Weapons Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value  

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type Market Share Analysis

10.3.2.2.2.         By Technology Market Share Analysis

10.3.2.2.3.         By Application Market Share Analysis

10.3.3. Saudi Arabia Light Weapons Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value  

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type Market Share Analysis

10.3.3.2.2.         By Technology Market Share Analysis

10.3.3.2.3.         By Application Market Share Analysis

10.3.4. UAE Light Weapons Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value  

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type Market Share Analysis

10.3.4.2.2.         By Technology Market Share Analysis

10.3.4.2.3.         By Application Market Share Analysis

11.  SWOT Analysis

11.1.            Strength

11.2.            Weakness

11.3.            Opportunities

11.4.            Threats

12.  Market Dynamics

12.1.            Market Drivers

12.2.            Market Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.            Company Profiles (Up to 10 Major Companies)

14.1.1. Rafael Advanced Defense Systems Ltd

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. FN Herstal SA

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. Saab AB

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. Raytheon Technologies Corporation

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. MBDA Inc.

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. Thales Group

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. BAE Systems PLC

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. Rheinmetall AG

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. Rostec

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.              Lockheed Martin Corporation

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15.  Strategic Recommendations

15.1.            Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Type

15.1.3. Target Technology

16.     About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Light Weapons Market was estimated to be USD 12.1 Billion in 2022.

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In 2022, the dominant segment by type in the Global Light Weapons Market was Man-portable Anti-tank Systems. This category saw significant growth due to rising international military expenditures, increasing terrorist activities, and advancements in anti-tank weaponry technology.

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North America is the dominant region in the Global Light Weapons Market. The prevalence is due to the significant defense budget in countries like the United States and Canada, coupled with ongoing military advancements and the consistent demand for homeland security apparatus in these areas.

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The global light weapons market is primarily driven by ongoing regional conflicts and security concerns, leading to increased demand from military and law enforcement agencies. Additionally, technological advancements and modernization initiatives within defense sectors further contribute to the market's growth.

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Srishti Verma

Business Consultant
Press Release

Light Weapons Market to Grow with a CAGR of 5.96% Globally through to 2028

Jan, 2024

The global light weapons market is primarily driven by ongoing regional conflicts and security concerns, leading to increased demand from military and law enforcement agencies. Additionally, technolo

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