Global Small Arms And Light Weapons Market 2023 - By Industry Research, Future Growth, Latest Trends And Forecast To 2032

As per The Business Research Company's Small Arms And Light Weapons Opportunities And Strategies Market Report 2023, The small arms and light weapons market reached a value of nearly $12,075.9 million in 2022, having grown at a compound annual growth rate (CAGR) of 4.0% since 2017. The market is expected to grow from $12,075.9 million in 2022 to $15,210.7 million in 2027 at a rate of 4.7%. The market is then expected to grow at a CAGR of 3.8% from 2027 and reach $18,290.8 million in 2032.

The increasing military modernization programs will drive the growth of the small arms and light weapons market. For example, in December 2021, the US Army's modernization effort was well underway, with service leaders pledging that 24 of the service's 35 modernization programs will be in soldiers' hands as fielded systems or prototypes in the fiscal year 2023. The multi-billion-dollar effort includes a wide range of next-generation battlefield capabilities, from new ground vehicles to long-range missiles to enhanced network tools, as the service pivots away from counterterror operations to near-peer threats in China and Russia. Therefore, the increasing military modernization programs will drive the growth of the small arms and light weapons market.

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3D printing is a significant innovation in small arms manufacturing. Of particular concern is the availability of this technology for criminal and terrorist activities. At the moment, weapon theft or purchase on the illicit market may require less effort that printing an effective, reliable weapon. But this could change, once production costs decrease and quality increases, 3D printing is expected to become a lucrative alternative for small-scale illicit weapon manufacturing and sale. The printed parts of a 3D printed gun can be made using a standard FDM (Fused Deposition Modeling) desktop printer. This technology works by extruding thin plastic lines, building layer upon layer on a build plate to get a complete 3D model.

The top opportunities in the small arms and light weapons market segmented by type will arise in the light weapons segment, which will gain $1,969.5 million of global annual sales by 2027. The top opportunities in the small arms and light weapons market segmented by end-user sector will arise in the law enforcement segment, which will gain $1,512.2 million of global annual sales by 2027. The top opportunities in the small arms and light weapons market segmented by caliber will arise in the 9 mm segment, which will gain $951.9 million of global annual sales by 2027. The top opportunities in the small arms and light weapons market segmented by action will arise in the automatic segment, which will gain $2,476.9 million of global annual sales by 2027. The top opportunities in the small arms and light weapons market segmented by firing systems will arise in the gas operated segment, which will gain $1,685.9 million of global annual sales by 2027. The small arms and light weapons market size will gain the most in the USA at $998.2 million.

Small Arms And Light Weapons Market Segmentation:

The small arms and light weapons market is segmented by type, by end user sector, by caliber, by action, and by firing systems.
By Type -
a) Small Arms
b) Light Weapons

By End-User Sector -
a) Law Enforcement
b) Military & Defense
c) Civil & Commercial

By Caliber -
a) 14.5 mm
b) 9 mm
c) 12.7 mm
d) 5.56 mm
e) 14.5 mm
f) 7.62 mm

By Action -
a) Manual
b) Semi-Automatic
c) Automatic.

By Firing Systems -
a)Gas Operated b) Manual c) Recoil Operated

By Geography -
Asia-Pacific was the largest region in the small arms and light weapons market.

Major players in the Small Arms And Light Weapons market include Smith & Wesson Brands, Inc, Sturm, Ruger & Company, Inc., General Dynamics Corporation, SIG Sauer, Inc, Heckler & Koch GmbH.

The regions covered in the global Small Arms And Light Weapons market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Small Arms And Light Weapons Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Small Arms And Light Weapons Market Report Table Of Content

1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction and Market Characteristics
……………………………..
20. Company Profiles
21. Key Mergers And Acquisitions
22. Opportunities And Strategies
23. Small Arms And Light Weapons Market, Conclusions And Recommendations
24. Appendix

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