Light Weapons Market Outlook
According to a new report by Expert Market Research titled, “Light Weapons Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global light weapons market is projected to grow at a CAGR of 5.3% between 2024 and 2032. Aided by the rising demand for advanced, portable, and highly effective light weapons across various military and law enforcement sectors, the market is expected to grow significantly by 2032.
Light weapons include a range of small arms and light artillery systems, such as rifles, machine guns, rocket launchers, and man-portable air defense systems (MANPADS). These weapons are known for their mobility, ease of operation, and effectiveness in close-combat scenarios. They play a vital role in modern warfare, counter-insurgency operations, and law enforcement activities.
The light weapons market growth is propelled by the escalating geopolitical tensions, cross-border conflicts, and the rising need for advanced weaponry in counter-terrorism and internal security operations. Nations across the globe are investing in light weapons to enhance their tactical capabilities and ensure national security.
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One of the key drivers of the market is the continuous modernisation of military and defense forces worldwide. Countries are upgrading their arsenals with the latest technology in light weaponry to maintain combat readiness and strategic superiority.
The increasing instances of asymmetric warfare and urban combat have also emphasised the importance of light weapons. Their adaptability in various combat environments and effectiveness in close-range engagements make them essential for contemporary military strategies.
According to the light weapons market analysis, advancements in weapon technology, such as the incorporation of precision guidance systems, enhanced lethality, and improved reliability, are driving the demand for modern light weapons. Defense manufacturers are focusing on innovation to develop weapons that are lighter, more accurate, and have greater range and firepower.
North America holds a significant portion of the light weapons market share, driven by the presence of leading defense contractors and continuous investment in defense and security. The United States, in particular, is a major contributor to the market, with its extensive military operations and advanced defense technology.
The Asia Pacific region is experiencing rapid growth in the global market, fuelled by rising defence budgets and the need to counter regional security threats. Countries like China, India, and South Korea are actively investing in the development and procurement of advanced light weapons.
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Light Weapons Market Segmentation
The market can be divided based on type, guidance, application, and region.
Market Breakup by Type
- Heavy Machine Guns (HMGs)
- Grenades and Grenade Launchers
- Mortars
- Man-portable Anti-tank Systems (MANPATS)
- Man-portable Air Defense Systems (MANPADS)
- Others
Market Breakup by Guidance
- Guided
- Laser Guided
- Infrared Guided
- Satellite Guided
- Others
- Unguided
Market Breakup by Application
- Defence
- Homeland Security
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global light weapons market. Some of the major players explored in the report by Expert Market Research are as follows:
- Saab AB
- Raytheon Technologies Corporation
- Northrop Grumman Corporation
- Thales Group
- Heckler & Koch GmbH
- Rheinmetall AG
- ARSENAL JSCo
- FN Herstal
- Others
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