Dublin, Nov. 19, 2024 (GLOBE NEWSWIRE) — The “Small Arms and Light Weapons Market Size, Share and Trends Analysis Report by Product (Small Arms, Light Weapons), End-use (Civilian, Military, Law Enforcement), and Region 2024-2030” report has been added to ResearchAndMarkets.com’s offering.
The global small arms and light weapons market size is expected to reach USD 37.50 billion by 2030, registering a CAGR of 7.6% from 2024 to 2030
The increasing issues on human rights and safety and security are expected to drive the demand. The increasing effects of urban warfare along with increasing terrorism incidents have also led to the development of the small arms light weapons across various regions. An increase in the urban warfare along with increased terrorist activity is anticipated to propel the market growth. The development of light-weight weapons for further enhancement of defense system is an ongoing trend in the developed countries.
Increasing criminal activities and human rights violations have resulted in the increased efforts for the technology advancements and modernization of the weapons utilized by law enforcement. The Combat Development and Integration Command’s Fires and Maneuver Integration Division of marines introduced the small arms modernization strategy which is expected to focus on updating and developing the current weapons in short-term and futuristic systems that could hit the fleet in the 2020s.
The governments of various countries are also investing their resources for the development of highly sophisticated weapon accessories such as night vision devices, laser rangefinders, weapon sights, aiming lasers, and fire control systems. High investment in the defense Research & Development (R&D) for shoulder -wired weapons made for developing a highly robust, reliable, and durable weapons system has also catapulted the demand for light weapons in military applications. The limited defense budget to boost the development of defense system is expected to hinder the market growth.
Small Arms And Light Weapons Market Report Highlights
- The light weapons segment held the largest market revenue share of 50.0% in 2023. The rising need for self-defense and security, particularly in regions experiencing political instability or high crime rates, is contributing to this demand..
- The small arms segment is expected to grow significantly over the forecast period. Rising concerns over personal safety and security have led individuals to seek firearms for self-defense purposes.
- The civilian segment held the largest market revenue share in 2023. The rising interest in personal safety and self-defense prompts more individuals to purchase firearms for protection.
- The law enforcement segment is projected to grow with the fastest CAGR over the forecast period. The growing need for enhanced security measures in response to increasing crime rates and terrorism threats.
- North America dominated the market in 2023 accounting for a market revenue share of 43.3%. The growing popularity of shooting sports and outdoor activities has led to a rise in gun ownership as enthusiasts seek firearms for recreational purposes.
- Asia Pacific is projected to grow at the fastest CAGR over the forecast period. The ongoing security concerns and regional conflicts in certain areas heighten the need for defense and law enforcement agencies to upgrade and expand their arsenals.
The leading players in the Small Arms and Light Weapons market include:
- Heckler & Koch
- Colt
- Beretta USA Corp.
- FN HERSTAL
- Glock, Inc.
- Kalashnikov Concern JSC
- RemArms LLC.
- KNDS France
- SIG SAUER
- General Dynamics Corporation
- Smith & Wesson
- DASAN MACHINERIES CO., LTD.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 100 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $22.39 Billion |
| Forecasted Market Value (USD) by 2030 | $37.5 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Small Arms and Light Weapons (SALW) Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million), (Volume in Units)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. Small Arms and Light Weapons (SALW) Market Analysis Tools
3.4.1. Porter’s Analysis
3.4.2. PESTEL Analysis
Chapter 4. Small Arms and Light Weapons (SALW) Market: Product Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Small Arms and Light Weapons (SALW) Market: Product Movement Analysis, Volume in Units, 2023 & 2030 (USD Million)
4.3. Small Arms
4.3.1. Small Arms Market Revenue Estimates and Forecasts, 2018 – 2030 (USD Million) (Volume in Units)
4.3.1.1. Pistols & Revolvers Market Revenue Estimates and Forecasts, 2018 – 2030 (USD Million) (Volume in Units)
4.3.1.2. Bolt-action Rifles & Carbines Market Revenue Estimates and Forecasts, 2018 – 2030 (USD Million) (Volume in Units)
4.3.1.3. Submachine Guns Market Revenue Estimates and Forecasts, 2018 – 2030 (USD Million) (Volume in Units)
4.3.1.4. Assault Rifles Modification Market Revenue Estimates and Forecasts, 2018 – 2030 (USD Million) (Volume in Units)
4.3.1.5. Light Machine Guns Market Revenue Estimates and Forecasts, 2018 – 2030 (USD Million) (Volume in Units)
4.4. Light Weapons
4.4.1. Light Weapons Market Revenue Estimates and Forecasts, 2018 – 2030 (USD Million)
4.4.1.1. Heavy Machine Guns Market Revenue Estimates and Forecasts, 2018 – 2030 (USD Million) (Volume in Units)
4.4.1.2. Under-barrel & Mounted Grenade Launchers Market Revenue Estimates and Forecasts, 2018 – 2030 (USD Million) (Volume in Units)
4.4.1.3. Portable Anti-Tank Guns Market Revenue Estimates and Forecasts, 2018 – 2030 (USD Million) (Volume in Units)
4.4.1.4. Recoilless Guns Market Revenue Estimates and Forecasts, 2018 – 2030 (USD Million) (Volume in Units)
4.4.1.5. Portable Launchers & Rocket Systems Market Revenue Estimates and Forecasts, 2018 – 2030 (USD Million) (Volume in Units)
Chapter 5. Small Arms and Light Weapons (SALW) Market: End Use Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Small Arms and Light Weapons (SALW) Market: End Use Movement Analysis, Volume in Units, 2023 & 2030 (USD Million)
5.3. Civilians
5.4. Military
5.5. Law Enforcement
Chapter 6. Small Arms and Light Weapons (SALW) Market: Regional Estimates & Trend Analysis
6.1. Small Arms and Light Weapons (SALW) Market Share, By Region, 2023 & 2030, Volume in Units, USD Million
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
7.4.1. Participant’s Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.4.4. Recent Developments/ Strategic Initiatives
For more information about this report visit https://www.researchandmarkets.com/r/wdsti1
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
- Small Arms and Light Weapons Market
