Light Weapons Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Lockheed Martin Corporation, Alliant Techsystems Inc., Rheinmetall AG, Raytheon Technologies Corporation

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The Business Research Company offers in-depth market insights through Light Weapons Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to unmanned aerial systems (uas), biosecurity threats, global health crises, chemical and biological protection threats, demilitarization initiatives. Major trends in the forecast period include modular weapon systems, non-lethal weaponry, miniaturization and compact design, integration of electro-optical sights, remote weapon stations (rws).

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Market Segmentation:
The main types of light weapons includes HMG, light cannon, MANPAT, mortar, MANPAD, grenades, missiles, launcher, ATW, and landmines. The HMG (heavy machine gun) are the weapons that can fire 500 to 1,000 rounds per minute and will keep firing as long as the trigger is pressed back, or the ammo supply is depleted. These weapons are made from materials such as steel and polymers technologies used in these weapons include guided and unguided. The main application of light weapons are in defense and homeland security.

Major Driver - Rising Terrorist Activities Drive Growth In The Light Weapons Market
The increase in instances of terrorist activities and conflicts and the rise in the number of illegal activities will propel the growth of the light weapons market. Terrorist acts entail the use or threat of violence to instil fear in a large number of people, not only the direct victims. Light weapons such as pistols, rifles, submachine guns, assault rifles, and light machine guns are used by law regulators to control terror activities. As terrorist activities, conflicts, and illegal activities grow, there will be an increased demand for light weapons to mitigate them. For instance, in March 2023, according to Global Terrorism Index (GTI) 2023, the number of deaths more than doubled, albeit from a low base from nine deaths in 2021 to 19 in 2022, with 11 of these occurring in the US during terrorist attack. Thus, the increasing instances of terrorist activities and conflicts and the rise in the number of illegal activities will contribute to the growth of the light weapons market.

Competitive Landscape:
Major companies operating in the light weapons market include 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.

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Top Trend - Tech Revolution Transforms Light Weapons Market
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. For instance, in November 2021, the Bangladesh Navy received the QW-18A MANPADS (Man Portable Air Defense Missile System) from China. The QW-18A MANPADS is an upgraded version of the QW-18 which offers electric-servo control actuators which will increase the guidance and flight characteristics and will offer the air defense system with improved capability against supersonic cruise missiles.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Light Weapons Market Characteristics
3. Light Weapons Market Trends And Strategies
4. Light Weapons Market - Macro Economic Scenario
5. Light Weapons Market Size And Growth
…..
27. Light Weapons Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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