Market Research Report
Global Light Weapons Market: Focus on Weapon Type and End User - Analysis and Forecast 2017 to 2021
|Published by||BIS Research Inc.||Product code||624180|
|Published||Content info||204 Pages
Delivery time: 1-2 business days
|Global Light Weapons Market: Focus on Weapon Type and End User - Analysis and Forecast 2017 to 2021|
|Published: April 6, 2018||Content info: 204 Pages||
The demand for light weapons is swiftly increasing among different end-users across the globe. The market is driven by several factors, such as increasing terrorist incidents, rising instability in Middle-East and Africa, and military modernization programs, among others.The light weapons market accounted for a market value of $10.21 billion in 2016, with military end-user holding the highest share.
The Global light weapons market has exhibited a moderate growth in the recent past. Usage of light weapons in armed forces has increased over the years with advancements in technology. The increasing land disputes across the borders, rise in conflicts, and terrorism activities and rising defense spending are the factors for the growth of global light weapons market. Furthermore, low cost, lethality, portability, and simplicity of weapons have increased their adoption in armed forces as well as civilians. The demand for light weapons has experienced a significant rise in the recent years, and the trend is anticipated to continue in the future, owing to the changing nature of warfare and growing conflicts across the globe. The rise in demand of light weapons across emerging nations and military modernization programs are expected to open several new opportunities for light weapons market in the years to come.