(MENAFN- America News Hour) Global Light Weapons Market is estimated to reach $18.3 billion by 2025; growing at a CAGR of 6.5% from 2017 to 2025. Light weapons are designed for use by two or three persons helping as a team, though some may be carried and used by a single individual. It includes heavy machine guns, portable anti-aircraft guns, portable launchers of anti-tank missiles & rocket systems, hand-held under-barrel & attached grenade launchers, recoilless rifles, portable anti-tank guns, portable launchers of anti-aircraft missile systems, and mortars of caliber of less than 100 millimeters.
Change in nature of warfare, arming of civilians by governments, and low cost of weapons are the major drivers that are fueling the growth of the market. However, demobilizing activities and illegal trading of light weapons may hamper the market growth. Increasing demand for anti-tank guided weapons, and adaptation of laser technology are expected to equally influence the overall growth of market throughout the forecast period.
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The global light weapons market is segmented on the basis of technology, type, application, and geography. Technology segment comprises guided weapons technology (manpads, anti-aircraft missile, light anti-tank weapons), and unguided weapons technology (heavy machine guns, manpats, grenades, mortars). Type segments is classified into heavy machine guns, light cannons, manpads, manpats, launchers, infantry mortars, grenades, anti-aircraft/anti-submarine missiles, light anti-tank weapons, and landmines. Further, application segment is bifurcated into defense and homeland security.
On the basis of geography, global light weapons market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key market players include Lockheed Martin Corporation, Orbital ATK, Inc., Saab Ab, Rheinmetall AG, Cockerill Maintenance & Ingenierie, Heckler & Koch GmbH, FN HERSTA, Raytheon Company, General Dynamics Corporation, and BAE Systems, among others.
The key takeaways from the report:
The report will provide detailed analysis of Global Light Weapons Market with respect to major segments such as technology, type, and application
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Light Weapons Market has been included in the report
Profile of the key players in the Global Light Weapons Market will be provided, which include key financials, product & services, new developments and business strategies
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Scope of the Global Light Weapons Market:
Technology Segments
Guided Weapons Technology
Manpads
Anti-Aircraft Missile
Light Anti-Tank Weapons
Unguided Weapons Technology
Heavy Machine Guns
Manpats
Grenades
Mortars
Type Segments
Heavy Machine Guns
Light Cannons
Manpads
Manpats
Launchers
Infantry Mortars
Grenades
Anti-Aircraft/Anti-Submarine Missiles
Light Anti-Tank Weapons
Landmines
Application Segments
Defense
Homeland Security
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
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