Global Light Weapons Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Light weapons Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global light weapons market report has been segmented on the basis of sensor type, technology, application, and region.
Global Light Weapons Market: Overview
Light weapons are used by military, police, and civilian personals. There are different types of light weapons designed for military and civilian use. They are available at low cost and are also easily concealing and portable. Light weapons are easy to maintain and use even in case of lack of proper weapons training.
Global Light Weapons Market: Dynamics
Increasing demand for light weapons with advanced technology in the defense sector, coupled with the changing nature of warfare are major factors driving growth of the global light weapons market. In addition, upgradation of weapons in homeland security agencies is another factor supporting growth of the global market. Increasing demand for light weapons among individuals for self-defense and shooting is a factor propelling growth of the target market. Furthermore, increasing demand for guided weapons such as anti-tank systems is a factor expected to boost growth of the global light weapons market over the forecast period.
However, illegitimate trading of light weapons is a challenging factor that may hamper growth of the global light weapons market. In addition, stringent government regulations regarding licensing on procurement and possession of light weapons is another factor that could affect growth of the global market. Nevertheless, growing demand for laser technology among end users can create revenue opportunities for key players in the target market.
Global Light Weapons Market: Segment Analysis
Among the technology segments, the guided segment is anticipated to register high growth in terms of revenue in the near future. Currently, the unguided light weapons segment accounts for a significant share in terms of revenue in the target market.
Among the application segments, the defense segment dominates the global market in terms of revenue and is expected to account for high growth over the forecast period. Increasing budget in emerging economies is a factor anticipated to support growth of this segment in the global market.
Global Light Weapons Market: Regional Analysis
Currently, the market in North America and Europe accounts for major share in terms of revenue and is expected to register lucrative growth over the forecast period. Presence of prominent players and high adoption of advanced technology in the defense sector are factors driving growth of the target market in North America. In addition, a high military budget, especially in the US is another factor fueling growth of the light weapons market in this region.
The market in Asia Pacific is expected to register high growth in terms of revenue in the near future, followed by Middle East & Africa. Increasing the budget to defense sector in developing countries such as China and India is a key factor propelling growth of the target market in the Asia Pacific. Increasing adoption of light weapons in countries in the Middle East & Africa, owing to regional unrest and the occurrence of terrorist activities is a factor expected to support growth of the target market in the near future.
Global Light Weapons Market Segmentation:
Segmentation by Type:
- Light Cannon
- Man-Portable Anti-Tank Systems (MANPAT)
- Anti-Tank Weapon
- Man-Portable Air-Defense System (MANPAD)
- Heavy Machine Gun
Segmentation by Technology:
Segmentation by Application:
- Homeland Security
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Raytheon Company
- Lockheed Martin Corporation
- BAE Systems plc
- General Dynamics Corporation
- Thales Group
- Saab AB
- Alliant Techsystems Operations LLC
- Rheinmetall Aktiengesellschaft
- Heckler & Koch Defense, Inc.
- Cockerill Maintenance & Ingenierie SA
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