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Light Weapons Market Insights 2025-2034: Growth Forecast and Strategic Priorities
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.Light Weapons Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the light weapons market has witnessed considerable expansion. The market which was valued at $13 billion in 2024 is predicted to increase to $14.18 billion in 2025, showing a compound annual growth rate (CAGR) of 9.1%. Factors contributing to this growth during the historic period include counter-terrorism initiatives, the requirements of law enforcement, the proliferation of small arms, geopolitical strains, and the trade in firearms.
Light Weapons Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, the light weapons market is anticipated to experience a significant expansion, with its value projected to reach $19.48 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.3%. This growth over the forecast period is due to factors such as unmanned aerial systems (UAS), biosecurity threats, global health crises, threats from chemical and biological protections, and demilitarization initiatives. The period is also expected to see major trends like modular weapon systems, non-lethal weaponry, miniaturized and compact designs, the incorporation of electro-optical sights, and remote weapon stations (RWS).
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What Are the Drivers Transforming the Light Weapons Market?
The escalating rate of terrorist acts and disputes, as well as the surge in unlawful activities are predicted to fuel the expansion of the light weapons market. Acts of terror, which often involve the use or threat of violence, aim to instill fear in not only the direct victims but also in a large populace. To curb these terror incidents, law enforcement authorities rely heavily on light weapons, which include pistols, rifles, submachine guns, assault rifles, and light machine guns. As terrorism, conflicts, and illegal activities escalate, the demand for light weapons to combat them is expected to rise. For instance, the Global Terrorism Index's 2023 report in March 2023 indicated a more than twofold increase in deaths, from nine in 2021 to 19 in 2022, of which 11 occurred in the U.S. during a terrorist strike. Consequently, the surging incidences of terrorism and conflicts along with the rise in illicit activities are anticipated to drive the growth of the light weapons market.
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What Long-Term Trends Will Define the Future of the Light Weapons Market?
Key players in the light weapons sector are leveraging technological advancements like fully automatic machine guns in order to expand their market reach and secure a competitive advantage. Fully automatic light machine guns are compact firearms that can repeatedly fire as long as the trigger is kept engaged, making them a leading choice for continuous fire in military and law enforcement contexts. For instance, Caracal International LLC, a firearm manufacturer based in the UAE, introduced the CARACAL LIGHT MACHINE GUN 556 (CLMG 556) at the International Defense Exhibition (IDEX 2023) in February 2023. Conceived as the first machine gun in the UAE, the CLMG 556 places user experience at its core and applies advanced rapid prototyping and precise manufacturing technologies. It boasts of a five-position retractable stock, an adjustable cheekpiece, and a long rail designed for attachments. Moreover, it comes with a fixed iron sight with a range adjuster, an integrated bipod with an adjustable height, and a hammer-forged chrome-lined barrel that comes in three interchangeable lengths (13", 16", and 18"), thus boosting its durability.
Which Segments in the Light Weapons Market Offer the Most Profit Potential?
The light weapons market covered in this report is segmented -
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
Subsegments:
1) By HMG (Heavy Machine Guns): .50 Caliber Machine Guns, 7.62mm Machine Guns
2) By Light Cannon: Automatic Cannons, Low-Caliber Cannons
3) By MANPAT (Man-Portable Anti-Tank): Anti-Tank Guided Missiles (ATGMs), Shoulder-Fired Anti-Tank Weapons
4) By Mortar: Light Mortars, Medium Mortars
5) By MANPAD (Man-Portable Air Defense): Infrared Guided Missiles, Surface-To-Air Missiles
6) By Grenades: Hand Grenades, Rifle Grenades,
7) By Missiles: Surface-To-Surface Missiles, Surface-To-Air Missiles
8) By Launcher: Grenade Launchers, Rocket Launchers
9) By ATW (Anti-Tank Weapons): Recoil-less Rifles, Rocket-Propelled Grenades (RPGs)
10) By Landmine: Anti-Personnel Mines, Anti-Tank Mines
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Which Firms Dominate the Light Weapons Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Light Weapons Market?
North America was the largest region in the light weapons market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the light weapons market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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