Small Arms Market Size to Reach USD 13.41 Billion by 2031, Driven by Defense Modernization Programs - Mordor Intelligence

Mordor Intelligence has published a new report on the small arms market, offering a comprehensive analysis of market trends, growth drivers, competitive dynamics, and future opportunities.
Small Arms Market Overview

According to Mordor Intelligence, the small arms market size is expected to grow from USD 10.25 billion in 2025 to USD 10.75 billion in 2026 and is projected to reach USD 13.41 billion by 2031, registering a CAGR of 4.53% during the forecast period.

This growth is supported by rising defines modernization initiatives, steady civilian demand for personal-protection firearms, and ongoing advancements in modular weapon platforms. The small arms industry continues to benefit from military procurement programs focused on replacing legacy weapons with next-generation systems while expanding investments in domestic manufacturing capabilities.

At the same time, increasing adoption of lightweight and modular firearm platforms is enhancing operational flexibility for military and law enforcement agencies. Growing participation in shooting sports and hunting activities is also contributing to demand across civilian markets. As a result, the small arms market growth outlook remains positive, supported by both defence and commercial applications.

Get More information on small arms market size: https://www.mordorintelligence.com/industry-reports/small-arms-market?utm_source=abnewswire

Key Trends Shaping the Small Arms Market

Defense Modernization Supporting Small Arms Market Growth: One of the most significant small arms market trends is the increasing procurement of advanced firearms through military modernization programs. Several countries are replacing legacy infantry weapons with next-generation systems featuring improved performance, modularity, and enhanced operational capabilities.

Civilian Demand Driving Small Arms Market Size Expansion: Growing civilian demand for personal-protection firearms continues to support the small arms market size. Demand remains strong as consumers increasingly prefer compact and modern firearm platforms while first-time firearm ownership and accessory purchases continue to contribute to market expansion.

Domestic Manufacturing Strengthening Small Arms Market Adoption: Governments are placing greater emphasis on domestic manufacturing and supply chain resilience to reduce dependence on imports. Investments in local production facilities and technology transfers are strengthening national defense capabilities and supporting long-term small arms market growth.

Modular Firearm Platforms Supporting Small Arms Industry Expansion: The shift toward lightweight, modular firearm platforms is another important trend in the small arms industry. Manufacturers are introducing weapons with enhanced customization, improved ergonomics, and compatibility with advanced optics and accessories to meet evolving military and law enforcement requirements.

Small Arms Market Segmentation Analysis

By Type

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Pistols

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Revolvers

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Rifles

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Machine Guns

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Shotguns

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Other Types

By Caliber

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5.56 mm

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6.8 mm

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7.62 mm

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9 mm

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12.7 mm

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Other Calibers

By Operation

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Manual

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Semi-automatic

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Fully Automatic

By End User

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Civil and Law Enforcement

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Military

By Geography

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North America

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Europe

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Asia-Pacific

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South America

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Middle East and Africa

Small Arms Market Key Players and Competitive Landscape

The small arms market features a combination of established firearms manufacturers and defense companies focused on product innovation, military contracts, and expanding global distribution networks. These players continue to strengthen their market position through technological advancements, modular weapon platforms, and strategic partnerships.

Key players include:

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Smith & Wesson Brands, Inc.

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Sturm, Ruger & Co., Inc.

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SIG SAUER, Inc.

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GLOCK Gesellschaft m.b.H.

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FN Browning Group

Conclusion

The small arms market forecast [https://www.mordorintelligence.com/industry-reports/small-arms-market?utm_source=abnewswire] indicates steady growth as defense modernization programs, civilian demand, and technological advancements continue to shape the industry. Investments in domestic manufacturing, modular weapon systems, and next-generation firearms are expected to support market expansion over the forecast period.

However, challenges such as export regulations, ammunition supply chain constraints, and compliance requirements remain important considerations for market participants. Addressing these challenges will be essential for sustaining long-term market growth.

Overall, the small arms market is positioned for continued expansion as governments invest in defense capabilities and manufacturers focus on innovation, modernization, and regional production strategies to meet evolving global demand.

Industry Related Reports

Shoulder-fired Weapons Market: [https://www.mordorintelligence.com/industry-reports/shoulder-fired-weapons-market?utm_source=abnewswire] The Shoulder-Fired Weapons Market is projected to grow from USD 11.15 billion in 2026 to USD 14.59 billion by 2031, registering a CAGR of 5.51% during the forecast period (2026-2031). Market growth is being driven by increasing defence modernization programs, rising demand for portable precision weapon systems, expanding procurement of anti-tank and air-defence systems, and the growing adoption of advanced guided technologies for enhanced battlefield effectiveness.

Aircraft Weapons Market: The Aircraft Weapons Market is projected to grow from USD 12.31 billion in 2025 to USD 18.29 billion by 2030, registering a CAGR of 8.25% during the forecast period (2025-2030). Market growth is being driven by increasing procurement of next-generation fighter aircraft, rising defence modernization initiatives, growing investments in advanced air combat capabilities, and the development of precision-guided weapon systems. Additionally, increasing military expenditure, aircraft fleet modernization programs, and the integration of advanced weapon systems into fixed-wing aircraft and rotorcraft are expected to further support market expansion.

Get More insights: https://www.mordorintelligence.com/industry-reports/global-aircraft-weapons-market-industry?utm_source=abnewswire

Automatic Weapons Market: [https://www.mordorintelligence.com/industry-reports/automatic-weapons-market?utm_source=abnewswire] The Automatic Weapons Market is projected to grow from USD 9.63 billion in 2026 to USD 13.81 billion by 2031, registering a CAGR of 7.48% during the forecast period (2026-2031). Market growth is being driven by increasing defence modernization programs, rising military procurement of advanced infantry weapon systems, growing investments in lightweight and high-performance firearms, and the adoption of technologically advanced automatic weapons to enhance combat effectiveness. Additionally, increasing defense budgets, military force modernization initiatives, and the need to strengthen national security capabilities are expected to support sustained market expansion.

About Mordor Intelligence

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With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

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