PUBLISHER: IMARC | PRODUCT CODE: 1370523
PUBLISHER: IMARC | PRODUCT CODE: 1370523
Light Weapons Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
Market Overview:
The global light weapons market size reached US$ 13.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
Light weapons refer to a group of weapons that are designed to be used by more than one crew member but can also be used by one individual under certain conditions. They are predominantly used by defense forces in combat missions and naval operations. It comprises heavy machine guns, mounted grenade launchers, MANPADS (man-portable anti-defense systems), recoilless rifles, anti-tank missile launchers, anti-tank guns, landmines, mortars of lesser caliber, and anti-aircraft missiles. Technologies for guided weapons as well as unguided weapons are used in the production of these weapons. Some of the common materials used in the manufacturing of these weapons include steel and polymers. Defense and homeland security are two of the major applications of light weapons.
Light Weapons Market Trends:
The market is primarily driven by significant growth in the military and defense sector due to the escalating demand for advanced weapons. This can be attributed to the increasing adoption of precision-guided firearms with advanced features, such as targeting, fire control, and advanced head-up display technologies. An increasing number of contracts for light weapons from military forces and homeland security are also providing a boost to the market. Moreover, extensive research and development (R&D) activities conducted by key weapon manufacturers are creating a positive market outlook. The market is also propelled by continual technological advancements in weapon manufacturing, such as the advent of an increased range of anti-tank missiles, integration of laser systems in light cannons, and incorporation of artificial intelligence (AI) features. A considerable increase in terrorism, cross-border disputes, and political unrest between neighboring countries are further contributing to a significant rise in the uptake of light weapons. Some of the other factors contributing to the market include the low production cost of the product, the expanding military modernization programs, and the rising defense expenditure.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global light weapons market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, technology and application.
Breakup by Type:
Heavy Machine Guns (HMGs)
Grenades and Grenade Launchers
Mortars
Man-portable Anti-tank Systems (MANPATS)
Man-portable Air Defense Systems (MANPADS)
Others
Breakup by Technology:
Guided
Laser Guided
Infrared Guided
Satellite Guided
Semi-automatic Command to Line of Sight
Unguided
Breakup by Application:
Defense
Homeland Security
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BAE Systems plc, FN Herstal (Herstal Group), General Dynamics Corporation, Heckler & Koch GmbH, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Saab AB and Thales Group.
Key Questions Answered in This Report
- 1. How big is the global light weapons market?
- 2. What is the expected growth rate of the global light weapons market during 2023-2028?
- 3. What are the key factors driving the global light weapons market?
- 4. What has been the impact of COVID-19 on the global light weapons market?
- 5. What is the breakup of the global light weapons market based on the technology?
- 6. What is the breakup of the global light weapons market based on the application?
- 7. What are the key regions in the global light weapons market?
- 8. Who are the key players/companies in the global light weapons market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Light Weapons Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Heavy Machine Guns (HMGs)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Grenades and Grenade Launchers
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Mortars
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Man-portable Anti-tank Systems (MANPATS)
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Man-portable Air Defense Systems (MANPADS)
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Technology
- 7.1 Guided
- 7.1.1 Market Trends
- 7.1.2 Key Segments
- 7.1.2.1 Laser Guided
- 7.1.2.2 Infrared Guided
- 7.1.2.3 Satellite Guided
- 7.1.2.4 Semi-automatic Command to Line of Sight
- 7.1.3 Market Forecast
- 7.2 Unguided
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Defense
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Homeland Security
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 BAE Systems plc
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 FN Herstal (Herstal Group)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 General Dynamics Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Heckler & Koch GmbH
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Israel Aerospace Industries Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Lockheed Martin Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Raytheon Technologies Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Rheinmetall AG
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Saab AB
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Thales Group
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.1 BAE Systems plc
List of Figures
- Figure 1: Global: Light Weapons Market: Major Drivers and Challenges
- Figure 2: Global: Light Weapons Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Light Weapons Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Light Weapons Market: Breakup by Type (in %), 2022
- Figure 5: Global: Light Weapons Market: Breakup by Technology (in %), 2022
- Figure 6: Global: Light Weapons Market: Breakup by Application (in %), 2022
- Figure 7: Global: Light Weapons Market: Breakup by Region (in %), 2022
- Figure 8: Global: Light Weapons (Heavy Machine Guns (HMGs)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Light Weapons (Heavy Machine Guns (HMGs)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Light Weapons (Grenades and Grenade Launchers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Light Weapons (Grenades and Grenade Launchers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Light Weapons (Mortars) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Light Weapons (Mortars) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Light Weapons (Man-portable Anti-tank Systems (MANPATS)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Light Weapons (Man-portable Anti-tank Systems (MANPATS)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Light Weapons (Man-portable Air Defense Systems (MANPADS)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Light Weapons (Man-portable Air Defense Systems (MANPADS)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Light Weapons (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Light Weapons (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Light Weapons (Guided) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Light Weapons (Guided) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Light Weapons (Unguided) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Light Weapons (Unguided) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Light Weapons (Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Light Weapons (Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Light Weapons (Homeland Security) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Light Weapons (Homeland Security) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: North America: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: North America: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: United States: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: United States: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Canada: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Canada: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Asia-Pacific: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Asia-Pacific: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: China: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: China: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Japan: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Japan: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: India: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: India: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: South Korea: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: South Korea: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Australia: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Australia: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Indonesia: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Indonesia: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Others: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Others: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Europe: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Europe: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Germany: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Germany: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: France: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: France: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: United Kingdom: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: United Kingdom: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Italy: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Italy: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Spain: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Spain: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Russia: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Russia: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Latin America: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Latin America: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Brazil: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Brazil: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Mexico: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Mexico: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Middle East and Africa: Light Weapons Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Middle East and Africa: Light Weapons Market: Breakup by Country (in %), 2022
- Figure 76: Middle East and Africa: Light Weapons Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Global: Light Weapons Industry: SWOT Analysis
- Figure 78: Global: Light Weapons Industry: Value Chain Analysis
- Figure 79: Global: Light Weapons Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Light Weapons Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Light Weapons Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Light Weapons Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 4: Global: Light Weapons Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Light Weapons Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Light Weapons Market: Competitive Structure
- Table 7: Global: Light Weapons Market: Key Players
