Light Weapons Market: Information by Type (Heavy Machine Guns, Light Canons, Recoilless Weapons, MANPATS, MANPADS, others) by Technology (Guided Unguided) by Operation (Crew-Served ; Individual), by End-User, and by Region - Global Forecast till 2030

light weapons market is projected to exhibit a gradual growth over the forecast period for the global market that is 2023. The global light weapons market was estimated to have reached a global market value worth USD 9.62 billion during the historic forecast period that had ended in 2019, and hence, for the ongoing forecast period, the market is expected to register a higher CAGR of 4.48%.

 

Light weapons are understood to be man-portable lethal weapons that have been designed to expel or launch a projectile by the action of an explosive. The lightweight weapons can be used individually but are typically operated with the help of a crew of three to four soldiers for better. Reliable, and effective results.

Light weapons are generally inclusive of heavy machine guns, launchers, rifles, mortars, and many others. Grenades, land mines, and others like ammunitions are being used, and also it is being considered to be a part of the weapon systems. There has been a strong demand for these weapons from both the defense and law enforcement agencies.

 COVID Analysis

The outbreak of the novel coronavirus pandemic has bright no kind of good news for the light weapons market growth during the ongoing forecast period that will be ending in 2028. The arrival of the Covid-19 has impacted the market dynamics like drivers and restraints, and has further, hampered the growing market competition, and the global supply chain mechanism for the forecast period.

The revenues are registered to have gone down in 2020 and may resume an uptrend gradually from 2021. This is because the market is witnessing the rising need to resume the operations for the rising ability of the market and hence, meet the target audiences’ demand that is spread in various global locations. The global market companies are optimizing their operation and strategy will sustain and beat the competition.

 Market Dynamics

 Drivers

The light weapons market is likely to be driven by the increasing and widespread need for factors like high precision, lightweight, and also, using compact weapon systems. With the evolution of excellent technology at a higher market degree, there are better and guided weapons available with a high target hit ratio and the design developments for the same area are on the way for the global target audience to choose from. The light weapons market size is witnessing the emergence of a considerable amount of resources that are being invested and in the developing stage of highly sophisticated weapon accessories like weapon sights, night vision devices, and others like aiming lasers, laser rangefinders, and fire control systems.

Restraints

However, the light weapons market size is likely to witness the birth of certain challenges like illegal trading of light weapons, and stringent licensing procedures and regulation, policies in terms of import and export procedures that are hindering the global market growth to a certain extent. Meanwhile, there has been a substantial rise in the adoption of laser technology, followed by the need for lightweight materials, and smart and agile manufacturing concepts that are likely to be creating promising growth opportunities for the light weapons market by the end of the ongoing forecast period that will be ending in 2028.

Technology Analysis

The light weapons pathfinder has been one of the prominent technological developments of the global market especially during the forecast period that will be ending in 2028. The global market is witnessing the emergence of market factors such as the rising terrorist attacks and enhancing the degree of focus on counter operations, followed by the changing nature of warfare, and also, there has been an increasing drug trafficking and other criminal activities that are positively impacting the light weapons market growth. In addition, there has been a rise in defense expenditure, especially in developing countries further boosting the market growth during the ongoing forecast period that ends in 2028.

 Study Objectives

• The global light weapons market report has been curated to offer help to the market investors for understanding the rising scope of the market functioning followed by the market dynamics that will be available to the global market functioning both in terms of the growth perspectives and restraints. This will help the buyers and investors have a better hand at the marketing and hence, they will be able to take their investment and funding decisions accordingly.

• The global light weapons market report is further, likely to render a helping hand to the new entries of the global market to understand the propelling functions followed by the rising requirement of resources. The global market report further, helps in the analysis of the regional segmentation of the global market operations and resources and further, discuss the prominence of other mushrooming market segments that will help in meeting the developing needs of the global target audience followed by the rising ability of the global market to meet the projected revenue figures for the global period that will be ending in 2028.

• The market report is also helpful in analyzing the rising degree of global market competition amongst the propelling market companies that are a part of the domestic and international regions. The market report is further, helpful in covering the emergence of factors like the recent developments that are likely to be undertaken by the players during the period that will be ending in 2028.   

Segment Overview

The global light weapons market has been segmented based on the type, technology, mode of operation, end-user, and region.

Based on type

The light weapons market has been segmented based on the type and includes heavy machine guns, light cannons, grenade launchers, infantry mortars, amongst others like recoilless weapons, man-portable anti-tank systems, man-portable air-defense systems, and other weapons.

Based on technology

The market is divided into technology and includes the sub-segments like guided and unguided.

Based on mode of operation

The light weapons market has further been divided based on the operation and includes crew-served and individual.

Based on end-user

The light weapons market growth can be attributed to its end-users like defense and homeland security.

Regional Analysis

The tactical weapons light market has been segmented based on the availability of the audience and resources in an array of geographical regions, as well. The Asia-Pacific region, the Latin American region, and the African regions will prove to be emerging as the maximum growing markets for the light weapons industry. The market is witnessing the emergence of global market countries such as China, Argentina, Mexico, and others like Saudi Arabia, that are likely to show reliable levels of growth. The global unguided weapons market is further, estimated to register a CAGR of 4.05% during the ongoing forecast period that will be ending in 2028.

Competitive Landscape

The weapons of light density are gaining excellent momentum because of the developments that have been undertaken by the following market players:

• Arsenal JSCo (Bulgaria)


• Indian Ordnance Factories Organization (India)


• General Dynamics Ordnance & Tactical Systems (US)


• Heckler & Koch GmbH (Germany)


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Recent Developments

• The global light weapons market share in the Latin America region had estimated to reach a global market value worth USD 431.04 million in 2019 and is likely to register a good CAGR of 5.32% by the end of the forecast period in 2028.


• In 2017, the man-portable anti-tank systems segment as a part of the market had accounted for the largest market share because it offers more lethal and effective defense against most of all the land-based vehicles on the battlefield.


• In 2017, the guided weapons segment was reported to have accounted for the largest market share owing to its long-range while functioning and high success rate in terms of hitting the target. Similar trends are expected to follow during the ongoing forecast period that will be ending in 2028.


• In 2017, the crew-served segment had accounted for the largest market share as there has been a prevalence that most of these weapons require a crew of three to four soldiers to operate effectively.

Report Overview

This report helps to provide the market analysis of the global light weapons market over the forecast period. The light weapons market report discusses the industry, market, and technology trends that are currently prevailing. This market report also categorizes the weapons based on applications and others namely, defense and homeland security. The market share for defense further has been segmented as airborne, land-based, and naval.