Press release
Small Arms And Light Weapons Market Projected to Hit USD43,431.63 Million by 2032, Expanding at 7.17% CAGR: Credence Research
Market OutlookThe global Small Arms and Light Weapons (SALW) market, valued at USD 24,913.25 million in 2024, is projected to experience robust growth, reaching USD 43,431.63 million by 2032, at a compound annual growth rate (CAGR) of 7.17% during the forecast period (2024-2032). The increasing demand for personal defense weapons, along with rising geopolitical tensions and military expenditures, is significantly contributing to the expansion of this market. The growing adoption of small arms and light weapons by both defense and security sectors across emerging economies is further enhancing the market outlook. Additionally, the ongoing rise in military modernization programs and efforts to enhance national security are anticipated to drive the demand for advanced and innovative weapon systems.
As the market evolves, manufacturers are focusing on developing technologically advanced and lightweight weaponry, meeting the growing need for efficiency and portability in both defense and civilian sectors. The increasing demand for semi-automatic weapons, firearms, and ammunition, especially in regions facing political instability, is further propelling market growth. Additionally, rising government investments in defense budgets, particularly in countries like the U.S., India, and China, are expected to foster sustained market expansion. The market is also witnessing a shift towards more sustainable production methods and the development of non-lethal weapon systems, aligning with the global trend of increasing focus on sustainability and the reduction of civilian casualties. These factors collectively indicate a promising future for the small arms and light weapons market.
Key Growth Drivers
The global Small Arms and Light Weapons (SALW) market is principally driven by rising global defense expenditures as countries increasingly prioritize national security amid intensifying geopolitical tensions. Governments worldwide are allocating higher budgets towards military modernization, enabling armed forces to upgrade their infantry equipment to advanced, lightweight small arms and light weapons a strategic shift propelled by evolving combat scenarios and the need for greater operational flexibility.
Another major growth driver is the growing demand from civilian and lawenforcement segments for personal security, lawandorder enforcement, and recreational shooting. Heightened concerns about public safety, rising crime rates, and instability in certain regions have spurred individual and institutional demand for handguns, rifles, and other small arms designed for selfdefense, hunting, or security services.
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Regional Analysis
In 2024, the AsiaPacific region emerged as the leading regional market for small arms and light weapons (SALW), reflecting heightened defense spending, evolving security concerns, and modernization efforts across multiple countries in the region. Concurrently, North America and Europe continue to hold substantial market share, underpinned by wellestablished defense and lawenforcement sectors, a mature armsindustry infrastructure, and robust domestic demand.
Looking ahead, Western Europe is forecast to record the fastest growth among all regions during the 2024-2032 period, driven by renewed military investments, modernization of small arms inventories, and heightened procurement activity in response to evolving geopolitical tensions and security dynamics across Europe. Meanwhile, countries within AsiaPacific and other emerging regions are expected to progressively increase SALW acquisitions, as governments ramp up defense budgets and reinforce security capabilities - making these regions important growth engines for the global SALW market in the coming years.
Key Player Analysis
General Dynamics Corporation
Heckler & Koch GmBH
Sturm, Ruger & Company
FN Herstal, S.A.
Colt's Manufacturing Company LLC
SIG Sauer GmbH & Co.
Lockheed Martin Corporation
Carl Walther GmbH
Beretta S.p.A
Other Key Players
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Segments
Based on Product
Small Arms
Pistols & Revolvers
Bolt-action Rifles & Carbines
Submachine Guns
Assault Rifles
Light Machine Guns
Light Weapons
Heavy Machine Guns
Under-barrel & Mounted Grenade Launchers
Portable Anti-tank Guns
Recoilless Guns
Portable Launchers & Rocket Systems
Based on End Use
Military
Law Enforcement
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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Credence Research is a viable intelligence and market research platform that provides quantitative B2B research to more than 2000 clients worldwide and is built on the Give principle. The company is a market research and consulting firm serving governments, non-legislative associations, non-profit organizations, and various organizations worldwide. We help our clients improve their execution in a lasting way and understand their most imperative objectives.
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