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Light Weapons Market Size, Share, Growth, Trends, Strategies, Opportunities And Forecast to 2033
Light Weapons Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the light weapons industry. This report on light weapons market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The light weapons market size has grown strongly in recent years. It will grow from $12.13 billion in 2023 to $13.27 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to counter-terrorism operations, law enforcement needs, small arms proliferation, geopolitical tensions, firearms trade. the light weapons market size is expected to see strong growth in the next few years. It will grow to $18.53 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.
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Key Market Players:
Lockheed Martin Corporation, Alliant Techsystems Inc., Rheinmetall AG, Raytheon Technologies Corporation, Thales Group, BAE Systems PLC, Northrop Grumman Corporation, General Dynamics Corporation, FN Herstal Group, Heckler & Koch GmbH, Kalashnikov Concern, SIG Sauer Inc., Colt's Manufacturing LLC, Beretta SpA, Smith & Wesson Brands Inc., Barrett Firearms Manufacturing Inc., Taurus Holdings LLC, Savage Arms, Steyr Arms, IWI Ltd., Springfield Armory Inc., Ceská zbrojovka AS, Mauser Jagdwaffen GmbH, Radom LLC, Serbska Fabrika Automobila, Arsenal Inc., Zastava Arms, China North Industries Group Corporation Limited., HS Produkt d.o.o.
Market Drivers:
According to the Light weapons Market Report 2024 by The Business Research Company, The evolution of technology is a key trend gaining popularity in the light weapons market. Technology is shaping how wars are fought, borders are protected, crooks are caught, and individual rights are defined. The evolution of technology has led to the development of guided weapons with a high target hit ratio, which is supported through a range of accessories. Weapon sights, night vision equipment, targeting lasers, laser rangefinders, and fire control systems are just a few examples.
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Market segments for light weapons include:
1) By Type: HMG, Light Cannon, MANPAT, Mortar, MANPAD, Grenades, Missiles, Launcher, ATW, Landmine
2) By Application: Defense, Homeland Security
3) By Technology: Guided, Unguided
4) By Materials: Steel, Polymers
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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