Light Weapons Market to Grow at 8.2% CAGR, Reaching $19.38 Billion by 2029

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Light Weapons Market Outlook: How is the Market Expected to Grow by 2025?
The market size for light weapons has substantially expanded in the past few years. It is projected to rise from $13 billion in 2024 to $14.12 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.6%. Factors such as counter-terrorism activities, law enforcement necessities, small arms expansion, geopolitical strife, and firearms transactions have contributed to the growth during the historic period.

Light Weapons Market Forecast: What Size Will It Reach By 2029?
The market size for light weapons is predicted to witness robust expansion in the upcoming years. It's expected to escalate to $19.38 billion in 2029, with a compound annual growth rate (CAGR) of 8.2%. Factors contributing to this growth over the forecast period include unmanned aerial systems (uas), biosecurity risks, worldwide health crises, and threats related to chemical and biological protection, as well as demilitarization movements. The forecast period will also see significant trends such as modular weapon systems, non-lethal weaponry, compact and miniaturized designs, integration of electro-optical sights and remote weapon stations (rws).

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Which Key Market Drivers Will Shape Light Weapons Industry Trends in 2025-2029?
Growth in the light weapons market is expected to be driven by increasing terrorism and conflict incidents as well as growing illicit activities. Terrorism involves the use or threat of violence, causing fear among more than just the immediate victims. Law enforcement agencies employ light weapons like pistols, rifles, submachine guns, assault rifles, and light machine guns to counteract terrorist actions. As the frequency of these activities rises, demand for light weapons to curb them is also expected to surge. For example, Global Terrorism Index (GTI) data from March 2023 indicated a more than double increase in death rates - from nine deaths in 2021 to 19 in 2022, with 11 of these in the US as a result of a terrorist attack. Therefore, escalating rates of terrorism, conflict and unlawful activities are expected to further spur the light weapons market growth.

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What Are the High-Growth Segments in the Light Weapons Market?
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

Which Global Trends Are Driving Light Weapons Market Expansion?
Leading enterprises in the light weapons industry are concentrating on technological enhancements, like fully automatic machine guns, to expand their market presence and gain a competitive advantage. Fully automatic light machine guns are convenient firearms due to their lightweight and ability to continuously discharge rounds whilst the trigger is held down, making them perfect for ongoing utilization in military and law enforcement scenarios. For instance, Caracal International LLC, a firearm manufacturer based in the UAE, launched the CARACAL LIGHT MACHINE GUN 556 (CLMG 556) at the International Defense Exhibition (IDEX 2023) in February 2023. Developed as UAE's first machine gun, the CLMG 556 is designed with the user experience in mind, incorporating cutting-edge rapid prototyping and precision manufacturing techniques. It also includes a five-position telescopic stock, an adjustable cheekpiece, and a long rail for attachments. Additionally, it also comes with a preset iron sight with range adjustment capacity, an integrated bipod with an adjustable height, and a hammer-forged chrome-lined barrel offered in three changeable lengths (13", 16", and 18") for added durability.

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Who Are the Fastest-Growing Companies in the Light Weapons Industry?
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.

What Is the Regional Outlook for the Light Weapons Market by 2029?
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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