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.
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List of the Leading Companies
Profiled in the Global Light Weapons Market are:
- ARSENAL
(Bulgaria)
- BAE
Systems (The U.K)
- FN
HERSTAL (Belgium)
- General
Dynamics Corporation (The U.S.)
- GmbH
(Germany)
- Lockheed
Martin Corporation (The U.S.)
- Northrop
Grumman Corporation (The U.S.)
- Raytheon
Technologies Corporation (The U.S.)
- Rheinmetall
AG (Germany)
- Saab
AB (Sweden)
- Thales
Group (France)
Market Driver:
Surging Terrorist
Activities to Brighten Business Possibilities
The growing terrorist activities and border
disputes will spur demand for the light weapons market in the foreseeable
future. The rising conflicts among neighboring countries are expected to
provide tremendous opportunities for the market. For instance, the ongoing
disputes between China and India. The increasing military modernization
programs will have an excellent effect on the market.
The surge in the military budget is expected to influence the healthy growth of
the market during the forecast period. The enormous R&D investment for
lighter and efficient vehicles during combat will enhance the potential of the
market in the foreseeable future. The perpetual advancements in weapons such as
elevated range of anti-tank missiles, precision-guided firearms, and laser
enabled light cannons will spur golden opportunities for the market in the near
future.
Dwindled Defense Budget to
Negatively Influence Market During COVID-19
The defense sector has witnessed a downfall due
to the widespread of coronavirus. The growing focus of governments towards
healthcare has subsequently limited the supply of weapons and reduced defense
expenditure. The halt on allocated contracts owing to the restrictions imposed
by the governments to curb the spread of the infection will further impede the
market growth. The disruption in the supply chain and pause on production
processes will aggravate the growth of the market. Nonetheless, the current
border clashes will escalate the demand for light weapons in the forthcoming
years, which, in turn, will bode well for the market.
The report on
the light weapons market reveals:
- Superior
analysis of the market
- Notable
and vital industry development
- COVID-19
effect on the industry
- Prominent
insights into the competitive landscape
Key Questions Answered:
Why Choose Fortune Business Insights?
What are the key demands and trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
What is the market size and growth rate of the global and regional market by
various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast
period?
What Factors are estimated to drive and restrain the market growth?
Regional Analysis:
Presence of Major OEMs to
Augment Market in North America
The market size in North America generated a
revenue of USD 5.67 billion in 2019 and is expected to remain dominant during
the forecast period. The growth in the region is attributed to the growing
defense budget in the U.S and Canada. The existing key manufacturers such as
General Dynamics Corporation, Northrop Grumman Corporation, and Raytheon
Technologies Corporation are expected to drive the market in the region. Asia
Pacific is expected to witness a rapid growth rate during the forecast period
owing to the rising defense expenditure in emerging nations such as India and
China. The growing emphasis on military modernization programs will further aid
the expansion of the market in Asia Pacific. The growing border conflicts and
political disturbances will spur sales opportunities for the market. Europe is
expected to rise tremendously during the forecast period owing to the booming
defense sector in Russia, the U.K, Germany, and France.
This Research Report
Provides Features Like;
- Discover
regional market opportunities and trends
- Identify
emerging market demand & dynamics
- Market
intelligence with quality and accuracy
- Deliverable
formats like PDF, PPT, cloud, etc
- Benchmark
against competitors & global industry
- Explore
competitive strategy & market share
Important Development:
July 2019:
Raytheon Technologies Corporation announced that it has signed a contract with
the Taiwan army worth USD 223.6 million to supply 250 Block I-92F MANPAD
Stinger missiles and four Block I-92F MANPAD Stinger Fly-to-Buy missiles.
Browse Detailed Summary of
this Research:
https://www.fortunebusinessinsights.com/light-weapons-market-103529
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