Light Weapons Market Business Opportunities, Trends, Size, Share, Growth Insights, Competitive Analysis, Statistics and Regional Forecast to 2023

Global 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 2023

Pune, India - August 14, 2019 /MarketersMedia/ —

Light weapons are weapons designed for use in a small crew vital for peacekeeping missions. They can be handled by a single person as well. Some instances of light weapons include mortars, rifles, land mines, grenades, launchers, heavy machine guns, and others. The global light weapons market report by Market Research Future (MRFR) covers comprehensive primary and secondary research on its scope and future use.

Market Outlook:

The global light weapons market is touted to touch a stellar valuation by exhibiting 4% CAGR from 2018 to 2023 (forecast period), as per MRFR. Focus on counter terrorist and other military operations are factors driving market demand. The sharp rise of defense expenditure among developed and developing economies and immense demand from law enforcement agencies are estimated to bolster the market volume over the forecast period.

Request for Free Sample Pages:
https://www.marketresearchfuture.com/sample_request/7082

Approval of licenses to citizens for protection and security services and proliferation of technology has triggered the production of light weapons drastically. Research and development programs by nations for producing efficient weapons as well as export to other nations for amping up their defenses can work favorably for the light weapons market.

But strict regulations regarding trading and stringent rules and policies can hamper the market growth.

Segmentation:

The global light weapons market is segmented by type, technology, mode of operation, and end-user.

By type, it is segmented into grenade launchers, recoilless weapons, light cannons, heavy machine guns, infantry mortars, man-portable air-defense systems, man-portable anti-tank systems, and others. Among them, the man-portable anti-tank systems segment held the largest market share in 2017 due to the capability of the weapon of defeating light and medium tanks. On the other hand, grenade launchers are predicted to exhibit the highest growth rate during the forecast period. Recoilless weapons can enjoy a hefty demand due to the use of weapons capable of launching large projectiles from small platforms.

By technology, it is segmented into guided and unguided. The guided segment held the largest market share in 2017 due to guided missiles having a higher success rate and covering long ranges.

By mode of operation, it is segmented into crew-served and individual. The former held a larger market share in 2017 and is portended to maintain its position till 2023.

By end-user, it is segmented into homeland security and defense. The defense segment held the lion’s share of the light weapons market in 2017. This can be attributed to the procurement of weapons in large consignments by defense agencies for protecting borders of nations.

Regional Outlook:

The light weapons market looks upon the following regions – Asia Pacific (APAC), Europe, North America, and Rest-of-the-World (RoW), for a careful consideration of the impending demand.

North America is estimated to continue in the top position within the market due to technological advancements and high defense expenditure. Presence of various weapons manufacturers the likes of Raytheon and Lockheed Martin combined with investments for developing light weapons and respective ammunition can drive the regional light weapons market demand. In addition, the recent demand from Norway of M2A2 machine guns from U.S. Ordnance, a prominent manufacturer in the defense sector.

The APAC region is expected to experience immense demand at a robust CAGR due to indigenous weapon production in China and India. Increased capacity of governments due to inflated defense expenditure can spur the light weapons market demand in the region. Recently, the defense department of India and U.S. firm Sig Sauer have agreed to a contract for 72,400 rifles which can strengthen the arsenal of armed forces.

Competitive Landscape:

Key market players include Raytheon Company, Lockheed Martin Corporation, Saab AB, Indian Ordnance Factories Organization, NAMMO AS, Heckler & Koch GmbH, Rafael Advanced Defense Systems Ltd., Arsenal JSCo, General Dynamics Ordnance & Tactical Systems, Thales SA, and others.

Access Full Summary of Report:
https://www.marketresearchfuture.com/reports/light-weapons-market-7082

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact Info:
Name: Market Research Future
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +1 628 258 0071
Website: https://www.marketresearchfuture.com/reports/light-weapons-market-7082

Source URL: https://marketersmedia.com/light-weapons-market-business-opportunities-trends-size-share-growth-insights-competitive-analysis-statistics-and-regional-forecast-to-2023/88908180

Source: MarketersMedia

Release ID: 88908180

Latest News

Muslim hajj pilgrims ascend Mount Arafat for day of worship

Aug 20, 2019

MOUNT ARAFAT, Saudi Arabia — More than 2 million Muslims are gathered at the sacred hill of Mount Arafat in Saudi Arabia for an intense day of worship and reflection on what's considered the climax of the Islamic hajj pilgrimage. Some had tears streaming down their faces as the men, wearing simple white garments, and women raised their hands in worship on the slopes of the rocky hill. Many walked through the pre-dawn darkness early Saturday to the hill where the Prophet Muhammad delivered his final sermon some 1,400 years ago, calling for equality and unity among Muslims. One of...

Saudi changes allow women to travel without male consent

Aug 20, 2019

DUBAI, United Arab Emirates — Saudi Arabia published new laws early Friday that loosen restrictions on women by allowing any citizen to apply for a passport and travel freely, ending a long-standing guardianship policy that gave men control over women. The changes are a potential game-changer for Saudi women's rights in the kingdom. The legal system has long been criticized because it treated women as minors throughout their adult lives, requiring they have a man's consent to obtain a passport or travel abroad. Often a woman's male guardian is her father or husband, and in some cases a woman's own...

The Latest: UN chief calls for 'maximum restraint' in Gulf

Aug 20, 2019

DUBAI, United Arab Emirates — The Latest on the tensions between the United States and Iran (all times local): 10:45 p.m. U.N. Secretary-General Antonio Guterres is again calling for "maximum restraint" in the Persian Gulf region and warning all parties that a new confrontation "would be a catastrophe." U.N. deputy spokesman Farhan Haq reiterated the U.N. chief's plea to avoid any escalation when asked Thursday for Guterres' reaction to Britain saying Iranian vessels tried to block one of its oil tankers in the Gulf. Haq said the U.N. hopes all nations "will take steps to avoid" an escalation and confrontation....

Egypt demands Christie's halt auction of King Tut statue

Aug 20, 2019

CAIRO — Egypt has tried to halt the auction of a 3,000-year-old stone sculpture of the famed boy pharaoh Tutankhamun at Christie's in London, while the auction house said its sale was legal. The statue — a brown quartzite head depicting King Tut — is scheduled to be auctioned off in July, and could generate more than $5 million, according to Christie's. The artifact features King Tut's full mouth with slightly drooping lower lips and almond-shaped eyes. For many, King Tut is the ultimate symbol of ancient Egypt's glory. Howard Carter discovered the pharaoh's nearly intact tomb in 1922 in...

Turkey's Erdogan witness in footballer Mesut Ozil's wedding

Aug 20, 2019

ISTANBUL — Turkey President Recep Tayyip Erdogan was in the wedding party as Arsenal midfielder Mesut Ozil tied the knot on Friday. State-run Anadolu news agency said Erdogan and his wife, Emine, were legal witnesses for Ozil, who married model, actress and former Miss Turkey Amine Gulse in Istanbul. Secular Turkish weddings require a witness each for the bride and groom. Ozil, a German player of Turkish descent, quit Germany's soccer team last year after he was criticized for posing for a photograph with Erdogan before the World Cup. In his international retirement announcement, Ozil accused the German football federation,...

About Us

Originally founded in 2015, Voyage Times publishes articles on travel and lifestyle for travelers, leisure seekers, and culture hunters from around the world.

Contact us: sales[at]voyagetimes.com

Subscribe Now!

Quick Links

HomePress