Light Weapons Market 2023-2028: Industry Trends, Growth, Demand - BAE Systems plc, FN Herstal (Herstal Group), General Dynamics Corporation, Heckler & Koch GmbH, Israel Aerospace Industries Ltd

How Big is the Light Weapons Market?

The global light weapons market size reached US$ 13.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

What are Light Weapons?

Light weapons encompass a wide range of firearms and related equipment, including handguns, rifles, shotguns, submachine guns, and light machine guns. They are designed to be carried and operated by a single person and are often used for self-defense, law enforcement, military, or sporting purposes. They are fundamental tools for armed forces, enabling them to defend their nations and respond to security threats. They empower individuals to protect themselves and their loved ones in potentially dangerous situations. They are also used by police and security forces to uphold the rule of law, maintain public order, and combat criminal activity.

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What are the growth prospects and trends in the light weapons industry?

At present, the increasing demand for light weapons for sporting events, such as competitive shooting, hunting, and marksmanship competitions, represents one of the crucial factors impelling the growth of the market.

Besides this, the rising emphasis on modernization and technological advancements in light weapons systems is contributing to the growth of the market. In addition, the growing investments by governing agencies of various countries in the development and procurement of sophisticated light weapons to enhance their defense capabilities are offering a favorable market outlook.

Apart from this, the increasing demand for lightweight materials and ammunition with lower ecological footprints is bolstering the growth of the market.

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Report Segmentation:

The report has segmented the market into the following categories:

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

Breakup by Technology:
• Guided
o Laser Guided
o Infrared Guided
o Satellite Guided
o Semi-automatic Command to Line of Sight
• Unguided

Breakup by Application:
• Defense
• Homeland Security

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Some of the Top Key players in the Smart Agriculture Market

BAE Systems plc, FN Herstal (Herstal Group), General Dynamics Corporation, Heckler & Koch GmbH, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Saab AB and Thales Group.

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