Light Weapons Market Industry Share, Size, Future Demand, Global Research, Top Leading Players, Emerging Trends, Region by Forecast to 2027
The global light weapons market size is expected to reach USD 17.33 billion by 2027, exhibiting a CAGR of 4.67% during the forecast period. The increasing R&D investments by major companies for the design and development of innovative light weapons is expected to bolster healthy growth of the market, states Fortune Business Insights in a report, titled “ Light Weapons Market Size, Share & COVID-19 Impact Analysis, By Type (Heavy machine guns, MANPAT, Infantry Mortar, Anti-Tank Weapons, Recoilless Rifles, Launchers, Light Cannon, Anti-Tank Missiles, MANPADS, Grenade, Landmines), Guidance (Guided, Unguided), Application (Defense, Homeland Security), and Regional Forecast, 2020-2027.” The market size stood at USD 12.61 billion in 2019. The emergence of coronavirus has steered many emerging nations into complete financial ruin. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and sever