Small Arms and Light Weapons Market Analysis: $13.5 Billion by 2029 With a CAGR of 6.7%

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Small Arms and Light Weapons Market Value Projection: How Much Will the Market Size by 2025?
In recent years, there's been substantial growth in the market size of small arms and light weapons. The market value, projected to rise from $9.81 billion in 2024 to $10.41 billion in 2025, displays a compound annual growth rate (CAGR) of 6.2%. This robust growth recorded in the past can be attributed to factors such as an increase in disposable income, emerging market growth, the prevalence of urban warfare, higher incidents of domestic violence, a surge in military spending, and the escalating occurrences of drug trafficking and terrorism.

What Will Be the Market Growth Forecat for Small Arms and Light Weapons in 2029?
The market size for small arms and light weapons is anticipated to experience considerable growth in the imminent years. By 2029, it is projected to reach $13.5 billion, with a compound annual growth rate (CAGR) of 6.7%. The projected growth during the forecast period is tied to the increasing defence expenditure and the implementation of military modernisation initiatives. The forecast period will also witness a range of trends including the use of polymers for manufacturing light weapons and ammunition, design improvements and modularity for military-grade weapons, the application of 3D printing technology for small arms production, laser technology, day/night decamouflage technology for light weapons, and a surge in mergers and acquisitions.

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What Are the Core Competitive Drivers in the Small Arms and Light Weapons Industry?
The augmentation of the small arms and light weapons market is anticipated due to the rise in defense expenditure over the predicted period. Nations globally are putting resources into defense due to their disputes and competition with other countries. As per the Stockholm International Peace Research Institute (SIPRI), a research institute based in Sweden, the worldwide military spending in 2023 stood at nearly $2.24 trillion. America consistently tops the list with the highest military spending at approximately $1 trillion while Asia and Oceania's budgets have been steadily growing due to escalating geopolitical conflicts, collectively amounting to around $563 billion. Europe has proportionately increased the allocation for military responding to security worries, nearing $500 billion. However, compared to other continents, Africa's military spendings remain quite low, approximately around $51 billion. Consequently, the surge in defense expenditure propels the expansion of the small arms and light weapons market.

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Which Small Arms and Light Weapons Market Segment Is Projected to See the Fastest Growth?
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

Which Trends Are Opening New Opportunities in the Small Arms and Light Weapons Market?
Leading firms in the small arms and light weapons market are strategizing to form collaborations in order to increase security measures and curb unlawful arms trade by utilizing a more harmonized method towards arms regulation. This strategic alliance is a way of pooling the strengths and resources of several entities to reach mutual objectives. For example, as of February 2024, the United Nations Development Programme (UNDP), a UN agency based in the United States, declared a combined initiative with the ministries of internal affairs in Tirana and Pristina, along with the National SALW Commissions for fortifying cross-border collaboration and enriching institutional structures for controlling small arms and light weapons (SALW). The goal of this alliance is to tackle the issues of illicit arms trade and misuse in the Western Balkans, with an emphasis on enhancing capabilities, applying modern monitoring technologies, and promoting better data-sharing procedures among law enforcement agencies to boost regional safety and stability.

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Who Are the Leaders in the Small Arms and Light Weapons Market?
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 Regional Small Arms and Light Weapons Markets Offer the Greatest Growth Potential?
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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