Market Overview:
The global light weapons market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for light weapons from defense and homeland security applications. Additionally, the growing trend of miniaturization of weapons is also contributing to the growth of this market. The global light weapons market can be segmented by type, application, and region. By type, the market can be divided into guided light weapons and unguided lightweapons.
Product Definition:
Light Weapons are small arms that fire projectiles with low recoil and are easy to handle. They include firearms like pistols and rifles, as well as artillery like mortars and cannons. Light Weapons are important for infantry because they provide a versatile weapon system that can be used in close combat or at longer ranges.
Guided Light Weapons:
Guided light weapons are also known as smart or intelligent missiles. They are equipped with an active radar homing head, which follows the target and attacks it by self-guidance using semi-active or active laser beam as a medium for guidance. Guided missiles have several significant advantages over conventional missiles including high accuracy, limited range (usually less than 5 km), and ability to operate in confined spaces.
Unguided Light Weapons:
Unguided light weapons are also known as soft weapons. They are designed to be used by civilians for self-defense purposes only and can be held in one hand. They usually consist of a simple plastic or wooden staff, with an elastic rubber band or leather sling on the end of it, which is easy to use for striking and thrusting attacks but lacks the power to cause serious injury.
Application Insights:
Defense application dominated the global light weapons market in 2017, accounting for over 61.0% share of the overall revenue. The growth can be attributed to increasing defense expenditure on account of growing security concerns among major countries in the world. For instance, according to a study conducted by Harvard Kennedy School and Institute for Defense Analyses (IDA), U.S., France and India will account for 70% of all international arms transfers from 2010 to 2020 during the period of 2015-2025 which is expected to contribute significantly towards segment growth over the forecast period.
Homeland security application is projected register notable CAGR from 2018 to 2030 owing to various government initiatives taken up recently such as ¢â‚¬Å“Make In India¢â‚¬ policy adopted by Indian Government in 2016 promising lucrative defense contracts with domestic industry participants involved primarily in manufacturing equipment required for homeland security applications including unmanned aerial vehicles (UAVs).
Regional Analysis:
North America dominated the global light weapons market in 2017. The U.S., being the largest consumer of arms, is a major contributor to the growth of this regional market. The presence of prominent players such as Raytheon Company and Lockheed Martin Corporation has also fueled its growth over the past few years. However, Asia Pacific is expected to emerge as a potential destination for investors looking to capitalize on this industry owing to growing geopolitical tensions within its respective region and increasing defense budget allocation by various governments across the globe (China & India). Moreover, countries such as South Korea have been making significant investments in their military forces with an aim toward strengthening their national security capabilities against any possible external aggression or threat from North Korea which could escalate into full-scale war at any point in time; hence these factors are anticipated to drive demand within APAC over next eight years.
Growth Factors:
- Increasing demand for light weapons from the military and law enforcement agencies across the globe due to their compact size, low weight, and high firepower.
- Rising terrorist activities and insurgencies in various parts of the world are also fueling the demand for light weapons.
- Growing popularity of lightweight firearms among civilians for self-defense purposes is another major growth driver for this market.
- Technological advancements in light weapon design and manufacturing are resulting in better performance and increased efficiency of these weapons, which is also propelling their growth prospects globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Weapons Market Research Report
By Type
Guided Light Weapons, Unguided Light Weapons
By Application
Defense, Homeland Security
By Companies
Lockheed Martin, Raytheon, General Dynamics, BAE Systems, Thales Group, Alliant Techsystems, Saab, Rheinmetall, Cockerill Maintenance & Ingenierie, Heckler & Koch Defense
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Light Weapons Market Report Segments:
The global Light Weapons market is segmented on the basis of:
Types
Guided Light Weapons, Unguided Light Weapons
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Defense, Homeland Security
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lockheed Martin
- Raytheon
- General Dynamics
- BAE Systems
- Thales Group
- Alliant Techsystems
- Saab
- Rheinmetall
- Cockerill Maintenance & Ingenierie
- Heckler & Koch Defense
Highlights of The Light Weapons Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Guided Light Weapons
- Unguided Light Weapons
- By Application:
- Defense
- Homeland Security
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light Weapons Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Light weapons are firearms that use small-caliber ammunition and are typically less powerful than rifles or shotguns. They can be used for self-defense, hunting, target shooting or as a form of entertainment.
Some of the major companies in the light weapons market are Lockheed Martin, Raytheon, General Dynamics, BAE Systems, Thales Group, Alliant Techsystems, Saab, Rheinmetall, Cockerill Maintenance & Ingenierie, Heckler & Koch Defense.
The light weapons market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Light Weapons Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Light Weapons Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Light Weapons Market - Supply Chain
4.5. Global Light Weapons Market Forecast
4.5.1. Light Weapons Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Light Weapons Market Size (000 Units) and Y-o-Y Growth
4.5.3. Light Weapons Market Absolute $ Opportunity
5. Global Light Weapons Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Light Weapons Market Size and Volume Forecast by Type
5.3.1. Guided Light Weapons
5.3.2. Unguided Light Weapons
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Light Weapons Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Light Weapons Market Size and Volume Forecast by Application
6.3.1. Defense
6.3.2. Homeland Security
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Light Weapons Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Light Weapons Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Light Weapons Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Light Weapons Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Light Weapons Demand Share Forecast, 2019-2026
9. North America Light Weapons Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Light Weapons Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Light Weapons Market Size and Volume Forecast by Application
9.4.1. Defense
9.4.2. Homeland Security
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Light Weapons Market Size and Volume Forecast by Type
9.7.1. Guided Light Weapons
9.7.2. Unguided Light Weapons
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Light Weapons Demand Share Forecast, 2019-2026
10. Latin America Light Weapons Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Light Weapons Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Light Weapons Market Size and Volume Forecast by Application
10.4.1. Defense
10.4.2. Homeland Security
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Light Weapons Market Size and Volume Forecast by Type
10.7.1. Guided Light Weapons
10.7.2. Unguided Light Weapons
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Light Weapons Demand Share Forecast, 2019-2026
11. Europe Light Weapons Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Light Weapons Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Light Weapons Market Size and Volume Forecast by Application
11.4.1. Defense
11.4.2. Homeland Security
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Light Weapons Market Size and Volume Forecast by Type
11.7.1. Guided Light Weapons
11.7.2. Unguided Light Weapons
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Light Weapons Demand Share, 2019-2026
12. Asia Pacific Light Weapons Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Light Weapons Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Light Weapons Market Size and Volume Forecast by Application
12.4.1. Defense
12.4.2. Homeland Security
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Light Weapons Market Size and Volume Forecast by Type
12.7.1. Guided Light Weapons
12.7.2. Unguided Light Weapons
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Light Weapons Demand Share, 2019-2026
13. Middle East & Africa Light Weapons Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Light Weapons Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Light Weapons Market Size and Volume Forecast by Application
13.4.1. Defense
13.4.2. Homeland Security
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Light Weapons Market Size and Volume Forecast by Type
13.7.1. Guided Light Weapons
13.7.2. Unguided Light Weapons
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Light Weapons Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Light Weapons Market: Market Share Analysis
14.2. Light Weapons Distributors and Customers
14.3. Light Weapons Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Lockheed Martin
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Raytheon
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. General Dynamics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BAE Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Thales Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Alliant Techsystems
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Saab
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rheinmetall
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cockerill Maintenance & Ingenierie
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Heckler & Koch Defense
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook