Light Weapons Market Top Key Players – SAAB, Lockheed Martin Corporation, Rafael Advanced Defense Systems Limited, Denel SOC Limited, General Dynamics Corporation, IAI Group, BAE Systems PLC, Thales Group

According to the small arms study, light weapons include mortars up to a caliber of 120 mm, light, under-barrel and automatic grenade launchers, heavy machine guns, portable anti-tank and anti-aircraft missile systems, as well as anti-material rifles, recoilless rifles and cannons. In 2008, at least 51 countries produced light weapons, 45 of which produced one or more complete systems, and six of them produced components or upgraded existing systems.

The proliferation of small arms and light weapons harms security, while anti-personnel mines and other weapons of mass destruction continue to cripple and kill civilians and animals long after conflicts are over. Both can destabilize social, sociological and economic growth and pose a serious threat to regional and national security.

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GLOBAL LIGHT WEAPONS MARKET DEVELOPMENTS AND INNOVATIONS

• Russia offers latest small arms and light weapons for the Indian Army - Russia – India

• Indian Air Force to replace INSAS rifles with new AK-103 weapons- India

GLOBAL LIGHT WEAPONS MARKET DYNAMICS

• SALW stocks play a key role in illicit trafficking. It is easy for non-state actors to donate weapons to governments or commercial suppliers, as some weapons and ammunition storage facilities are not adequately guarded or monitored. The danger of explosions in these warehouses threatens the population, forcing them to leave their homes and destroying the environment. Small arms and light weapons are critical to human safety because of their impact on public health, human rights and socio-economic development. This makes them more of a question of human security than of national or military security.

• The cost of raw materials has fluctuated rapidly over the past decade. As a result, conflicts over the terms of defense contracts, such as the technology transfer clause, led to the cancellation of approved projects. Thanks to the ability to penetrate and incapacitate heavily armored enemies, light weapons will probably be very much needed in the future. Asia-Pacific, Middle East and African countries are increasing their annual military budgets and spending on modernizing their military arsenals due to the growing geopolitical division.

GLOBAL LIGHT WEAPONS MARKET SEGMENTATION

The Global Light Weapons Market can be segmented into following categories for further analysis.

By Technology Type
• Automatic Standard
• Semi-Automatic Standard
• Multi Standard
• Integrated Control Standard

By Usage Application
• Airborne
• Land Based
• Naval Based

By System Type
• Homeland Security Operations
• Military Operations
• Mixed Operations

By Product Component Type
• Heavy Machine Guns
• Grenades and Grenade Launchers
• Mortars
• Man Portable Anti-Tank System
• Man Portable Air Defense System

By Guidance Connectivity Type
• Laser Guided
• Infrared Guided
• Satellite Guided
• Semi-Automated LOS Guided

By Regional Classification
• Asia Pacific Region – APAC
• Middle East and Gulf Region
• Africa Region
• North America Region
• Europe Region
• Latin America and Caribbean Region

RECENT MARKET TECHNOLOGICAL TRENDS IN GLOBAL LIGHT WEAPONS MARKET

• SALW poses a threat to human security more than any other conventional weapon due to its uncontrolled proliferation and universal availability. They damage a fragile economy, stifle foreign investment, redirect economic resources and hamper basic human needs, and contribute to human rights violations. As a result of these factors, the demand for firearms increases. This never-ending loop stands in the way of progress.

• Light weapons production benefited greatly from 3D printing. The fact that this technology could be used for criminal or terrorist purposes is a serious cause for concern. Stealing or buying weapons on the black market may require less effort than printing a reliable, lethal weapon right now. However, this could soon change as 3D printing prices are falling and quality is improving, making it a viable option for the illegal production and sale of small-scale weapons.

COMPANIES PROFILED
• SAAB
• Lockheed Martin Corporation
• Rafael Advanced Defense Systems Limited
• Denel SOC Limited
• General Dynamics Corporation
• IAI Group
• BAE Systems PLC
• Thales Group

Read More Information: https://mobilityforesights.com/product/light-weapons-market/

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This release was published on openPR.