Small Arms and Light Weapons Market: Strong Growth with a 5.6% CAGR expected by 2029

Driving factors include defense spending, emerging technologies, and increasing geopolitical tensions

What Is The Projected Market Size Of The Global Small Arms and Light Weapons Market And Its Growth Rate?
The small arms and light weapons market has witnessed robust growth in recent years, and it is expected to continue the upward trajectory. Key market statistics are as follows:
• Market size in 2024: $10.51 billion
• Projected market size in 2025: $11.25 billion (CAGR of 7.1%)
• Anticipated market size in 2029: $14.02 billion (CAGR of 5.6%)

This growth can be primarily attributed to increase in disposable income, emerging market growth, increase in urban warfare, rise in domestic violence, heightened military expenditure, intensifying incidence of drug trafficking, terrorist activities, and increasing defense spending and military modernization programs.

What Is Driving The Growth In The Small Arms and Light Weapons Market?
A key driver of growth in the small arms and light weapons market is increased defense spending by countries worldwide. This is primarily driven by conflicts and rivalries with other nations. According to the Stockholm International Peace Research Institute (SIPRI), in 2023, global military spending was approximately $2.24 trillion. The Americas alone accounted for around $1 trillion while Asia, Oceania, and Europe also saw increased budgets primarily due to rising geopolitical tensions. Owing to such scenarios, spending in Africa also accounted for a relatively low sum of $51 billion. Consequently, this increased defense spending propels the small arms and light weapons market's growth.

Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=3666&type=smp

Who Are the Key Players Driving Small Arms and Light Weapons Market Growth?
Key players steering the growth 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
• FN Herstal S.A.
• Colt's Manufacturing Company LLC
• Thales Group
• GLOCK Gesellschaft m.b.H., etc.

What Are The Key Trends In The Small Arms and Light Weapons Market?
Key trends shaping the small arms and light weapons market include:
• Utilization of polymers to manufacture light weapons and ammunition
• Upgradation and modularity for military-style weapons
• 3-D printing technology to produce small arms
• Use of laser technology and day/night de camouflage technology for light weapons
• Increased merger and acquisition activities

What Are The Segments Of The Global Small Arms and Light Weapons Market?
The small arms and light weapons market covered in the report is segmented as follows:
1) By Type: Small Arms And Light Weapons
2) By Action: Manual, Semi-Automatic, Automatic
3) By Caliber: 14.5 mm, 9 mm, 12.7 mm, 5.56 mm, 14.5 mm, 7.62 mm
4) By Firing Systems: Gas Operated, Manual, Recoil Operated
5) By End-User Sector: Law Enforcement, Military & Defense, Civil & Commercial

Which Region Leads The Small Arms and Light Weapons Market?
Asia-Pacific was the largest region in the small arms and light weapons market in 2024. Western Europe is anticipated to witness the fastest growth during the forecast period. The report covers extensive regional analysis including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Pre-book the report for swift delivery: https://www.thebusinessresearchcompany.com/report/small-arms-and-light-weapons-global-market-report

What Is Covered In The Small Arms and Light Weapons Market Global Market Report?

- Market Size Analysis: Analyze the Small Arms and Light Weapons Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Small Arms and Light Weapons Market for effective categorization.

- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Small Arms and Light Weapons Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Small Arms and Light Weapons Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Request Customization for this Report: https://www.thebusinessresearchcompany.com/customise?id=3666&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
• Twitter: https://twitter.com/tbrc_info
• YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company has over 15,000+ reports from 27 industries covering 60+ geographies. With 1,500,000 datasets, the contributions of in-depth secondary research and unique insights from industry leaders can get the information you need to stay ahead. Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.