The Business Research Company’s report on the Small Arms and Light Weapons Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the small arms and light weapons market in recent years?
Increased defense spending is expected to fuel the growth of the small arms and light weapons market over the forecast period. Countries around the world are investing in defense because of their conflicts and rivalries with other nations. For instance, in April 2024, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute, in 2023, the global military spending was approximately $2.24 trillion in 2023 , the America consistently have one of the highest military expenditures at around $1 trillion, Asia and Oceania have seen increasing budgets reflecting rising geopolitical tensions, totaling approximately $563 billion, Europe has significantly raised its military spending in response to security concerns, nearing $500 billion, while Africa’s military expenditures remain relatively low at around $51 billion. Therefore, increased defense spending drives the small arms and light weapons market growth.
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What is the projected market size of the small arms and light weapons industry, and how is it expected to grow?
The small arms and light weapons market size has grown strongly in recent years. It will grow from $10.51 billion in 2024 to $11.25 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to rise in disposable income, emerging market growth, increase in urban warfare, increase in domestic violence, rise in military expenditure and growing incidence of drug trafficking and terrorist activities.
The small arms and light weapons market size is expected to see strong growth in the next few years. It will grow to $14.02 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to increasing defense spending and military modernization programs. Major trends in the forecast period include polymers to make light weapons and ammunitions, design upgradations and modularity for military-style weapons, use of 3-d printing technology for producing small arms, laser technology, day/night de camouflage technology for light weapons, and rise in mergers and acquisitions.
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Who are the key players driving competition 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
What key trends are expected to drive the single-family smart homes market during the forecast period?
Major companies operating in the small arms and light weapons market are focusing on strategic collaborations to enhance security measures and control illicit arms trafficking, aiming for a more coordinated approach to arms regulation. Strategic collaboration is defined as partnerships that leverage the strengths and resources of multiple entities to achieve common goals. For instance, in February 2024, the United Nations Development Programme (UNDP), a US-based United Nations agency, announced the launch of a joint initiative with the Ministries of Interior/Internal Affairs of Tirana and Pristina, along with the National SALW Commissions, aimed at strengthening cross-border cooperation and enhancing institutional frameworks for small arms and light weapons (SALW) control. This partnership seeks to address the challenges of illegal arms trafficking and misuse in the Western Balkans, focusing on capacity building, modern surveillance technologies, and improved data-sharing mechanisms among law enforcement agencies to foster regional security and stability.
Which key geographies are driving the growth of the small arms and light weapons market?
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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What are the key segments driving growth in the small arms and light weapons market?
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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How is the small arms and light weapons market defined, and what are its core characteristics?
Small Arms and Light Weapons (SALW) are defined as a class of weapons intended for individual operation, which includes personal firearms like pistols and rifles, as well as more substantial weapons such as machine guns and portable mortars. They are utilized by military forces, law enforcement agencies, and civilians, and possess the potential to cause considerable damage in both warfare and criminal situations.
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