Global Small Arms And Light Weapons Market: Key Trends, Market Share, Growth Drivers, And Forecast For 2025-2034

The small arms and light weapons report describes and explains the market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global small arms and light weapons market reached a value of nearly $9.73164 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.94% since 2019. The market is expected to grow from $9.73164 billion in 2024 to $13.18590 billion in 2029 at a rate of 6.26%. The market is then expected to grow at a CAGR of 6.33% from 2029 and reach $17.91873 billion in 2034.

What Strategies Are Being Adopted By Key Players In The Small Arms And Light Weapons Market?
The key players in the market are adopting extensive strategies in the small arms and light weapons market such as:
• Strengthening business operations by forming key partnerships.
• Enhancing operational efficiency through collaborative initiatives.
• Scaling manufacturing capacity through targeted strategic investments.
• Boosting production capabilities with focused capital investment strategies.

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To take advantage of opportunities, The Business Research Company suggests that internet of small arms and light weapons companies enhance offerings:

• Establishing cutting-edge defense facilities to enhance weapons manufacturing.
• Introducing a next-gen launcher with fast reloading capabilities and programmable ammunition.
• Transforming firearms through the advancement of computerized small arms technology.
• Driving innovation in the small arms and light weapons sector through strategic collaborations.
• Investing in hybrid case technology to reinforce and scale up production.

What Is Small Arms And Light Weapons: Market Overview?

Small arms and light weapons refer to a broad category of firearms designed primarily for individual use or for use by small groups, such as military units, law enforcement agencies and private security forces. Small arms typically include handguns, rifles, submachine guns and personal defense weapons, while light weapons cover heavy machine guns, automatic cannons, howitzers, mortars of less than 100 mm caliber, grenade launchers, anti-tank weapons and launchers and portable launchers of anti-aircraft and anti-tank missiles

Small arms and light weapons are typically employed through direct handling by the user, with firing mechanisms ranging from manual to fully automatic, depending on the weapon's design and purpose. They are used across various environments, including urban, rural, combat and specialized operational theaters. The manufacturing of small arms and light weapons involves complex precision engineering processes, including forging, machining and assembly of parts made from metals, composites and specialized polymers. Leading manufacturers maintain strict quality control and often operate under governmental regulations and international treaties.

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Who Are The Major Companies Operating In The Global Small Arms And Light Weapons Market?
The top 10 competitors in the market made up 27.65% of the total market in 2023. Smith & Wesson Brands Inc. was the largest competitor with a 4.75% share of the market, followed by:
• Sturm, Ruger & Co.
• General Dynamics Corp.
• SIG Sauer Inc.
• Heckler & Koch GmbH
• FN Herstal SA (Fabrique Nationale Herstal)
• Beretta S.p.A.
• Colt's Manufacturing Company LLC.
• Thales Group
• GLOCK Gesellschaft m.b.H.

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