Small Arms and Light Weapons Market Size Projected To Reach $14.02 Billion By 2034 With A Cagr Of 5.6%

The Small Arms and Light Weapons Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Small Arms and Light Weapons Market Size During the Forecast Period?
Recent years have witnessed substantial growth in the market size for small arms and light weapons. It is projected to increase from $10.51 billion in 2024 to about $11.25 billion in 2025, accelerating at a Compound Annual Growth Rate (CAGR) of 7.1%. Factors contributing to this growth during the historical period include an increase in disposable income, the evolution of emerging markets, a surge in urban warfare and domestic violence, a rise in military spending, and a growing prevalence of drug trafficking and terrorism.

The market size of small arms and light weapons is predicted to experience significant growth in the upcoming years. It is projected that by 2029, it will escalate upto $14.02 billion, following a compound annual growth rate (CAGR) of 5.6%. This increase during the anticipated period is due to factors like the rise in defense expenditure and updates in military equipment. The period is likely to see certain trends such as the use of polymers in manufacturing light weapons and ammunition, upgrading and modularizing of military-style weapons, the application of 3-D printing technology in producing small arms, use of laser technology, day/night de camouflage technology for light weapons and the surge in mergers and acquisitions.

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What Are the High-Growth Segments in the Small Arms and Light Weapons Market?
The small arms and light weapons market covered in this report is segmented -

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

Subsegments:
1) By Small Arms: Handguns, Rifles, Submachine Guns, Shotguns
2) By Light Weapons: Machine Guns, Grenade Launchers, Mortars, Anti-Tank Weapons

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What Key Drivers Are Expected to Influence Future Small Arms and Light Weapons Market Growth?
The surge in the defense spending is projected to stimulate the growth of the small arms and light weapons market during the forecast period. Global nations are diverting their investments towards defense due to ongoing tensions and disputes with other states. As an example, in April 2024, the Stockholm International Peace Research Institute (SIPRI), a research institute based in Sweden, reported that the worldwide military spending reached approximately $2.24 trillion in 2023. Among all, America had one of the top military expenditures with nearly $1 trillion, whereas Asia and Oceania witnessed a rise in their budgets due to escalating geopolitical issues, reaching roughly $563 billion. In response to their security worries, Europe escalated its military spending nearing $500 billion, while Africa's defense expenses were comparatively low, roughly $51 billion. As a result, the rise in defense spending propels the growth of the small arms and light weapons market.

Which Companies Hold the Largest Share Across Different Small Arms and Light Weapons Market Segments?
Major companies operating 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., Israel Weapons Industry (IWI), Kalashnikov Group, Èeská Zbrojovka a.s, China South Industries Group (CSGC), China Aerospace Science and Industry Corporation (CASIC), China North Industries Group Corporation Limited (Norinco), Berette S.p.A., PLR Systems Pvt Ltd, Armscor, Guns & Tactics Ltd, Magnum Arms, Guns Galore, BNTI Arms, Athena Security Inc, Protection Development International Corporation

What Trends Are Driving Growth in The Small Arms and Light Weapons Market?
Prominent companies in the small arms and light weapons market are prioritizing strategic partnerships to boost security precautions and curtail illegal arms trade, with an aim for more synchronized approach towards arms oversight. Such strategic associations are relationships that utilizes the prowess and assets of numerous entities to realize shared objectives. For example, in February 2024, the United Nations Development Programme (UNDP), a United States-based United Nations institution, declared the initiation of a cooperative undertaking with the Ministries of Interior/Internal Affairs of Tirana and Pristina, in conjunction with the National SALW Commissions. The objective is to fortify transborder collaboration and improve the structural frameworks for controlling small arms and light weapons (SALW). This association endeavors to tackle the problem of illicit arms trade and misuse in the Western Balkans, emphasizing on capacity enhancement, modern monitoring technologies, and better data-sharing processes among law enforcement agencies, to promote regional safety and stability.

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What Are the Emerging Geographies for The Small Arms and Light Weapons Market Growth?
Asia-Pacific was the largest region in the small arms and weapons market in 2024. Western Europe is expected to be the fastest-growing region in the global small arms and light weapons market during the forecast period. The regions covered in the small arms and light weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Small Arms and Light Weapons Market?
2. What is the CAGR expected in the Small Arms and Light Weapons Market?
3. What Are the Key Innovations Transforming the Small Arms and Light Weapons Industry?
4. Which Region Is Leading the Small Arms and Light Weapons Market?

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