Elevated Defense Spending Boosts Growth In Small Arms And Light Weapons Market: Core Growth Enabler in the Small Arms and Light Weapons Market, 2025

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What Will the Small Arms and Light Weapons Industry Market Size Be by 2025?
The market size of small arms and light weapons has witnessed remarkable growth in the past years. The market is expected to ascend from $10.51 billion in 2024 and reach $11.25 billion in 2025, with a commendable compound annual growth rate (CAGR) of 7.1%. The unprecedented growth during the historic period could be credited to factors such as increase in disposable income, expansion of emerging markets, surge in urban warfare incidents, rise in domestic violence cases, heightened military expenditure, and escalating instances of drug trafficking and terrorist activities.

What's the Long-Term Growth Forecast for the Small Arms and Light Weapons Market Size Through 2029?
The market for small arms and light weapons is projected to experience significant growth in the upcoming years, expanding to $14.02 billion in 2029 with a compound annual growth rate (CAGR) of 5.6%. This growth in the projected period is ascribed to the upsurge in defense expenditure and initiatives for military modernization. Noteworthy trends during this forecast period encompass the utilization of polymers in the manufacture of light weapons and ammunition, enhancements and modularity in the design of military-style weapons, the application of 3D printing technology in the production of small arms, the incorporation of laser technology, day/night de camouflage technology for light weapons, and an increase in merger and acquisition activities.

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What Are the Key Growth Drivers Fueling the Small Arms and Light Weapons Market Expansion?
The growth of the small arms and light weapons market is predicted to be spurred by an increase in defence spending during the projected period. Various nations globally are increasing their defence budgets due to disputes with other countries. For instance, the global military spending was close to $2.24 trillion in 2023, according to reports from the Stockholm International Peace Research Institute (SIPRI) in April 2024. The United States consistently ranks among the countries with the highest defence budgets of around $1 trillion. The escalating geopolitical tensions have resulted in Asia and Oceania increasing their budgets to approximately $563 billion. In response to their security challenges, Europe has drastically escalated its military spending to nearly $500 billion. In contrast, Africa has maintained its defence expenditure relatively lower, around $51 billion. This surge in defence spending is a key factor propelling the growth of the small arms and light weapons market.

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What Are the Key Trends Driving Small Arms and Light Weapons Market Growth?
Leading firms in the small arms and light weapons market are prioritizing strategic partnerships to bolster security measures and curb illegal arms trades, with the end goal of a more harmonized approach to arms control. Strategic partnerships are described as collaborative efforts that utilize the unique strengths and resources of various participants to achieve mutual objectives. For example, in February 2024, the United Nations Development Programme (UNDP), an organization based in the US under United Nations, inaugurated a collaborative initiative with Ministries of Interior/Internal Affairs from Tirana and Pristina, in conjunction with the National SALW Commissions. The objective is to enhance cross-border teamwork and enrich institutional structures for controlling small arms and light weapons (SALW). This alliance aims to address the issues of unauthorized arms smuggling and abuse in the Western Balkans by focusing on capability enhancement, modern monitoring technologies, and enhanced data exchange systems among law enforcement agencies to encourage regional security and stability.

How Is the Small Arms and Light Weapons Market Segmented?
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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Which Companies Are Leading the Charge in Small Arms and Light Weapons Market Innovation?
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

Which Regions Are Leading the Global Small Arms and Light Weapons Market in Revenue?
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

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