Market Research Report
Light Weapons Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 - 2025
|Published by||Variant Market Research LLP||Product code||642081|
|Published||Content info||102 Pages
Delivery time: 2-3 business days
|Light Weapons Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 - 2025|
|Published: May 16, 2018||Content info: 102 Pages||
Light Weapons Market (By Technology: Guided Weapons Technology, and Unguided Weapons Technology; By Type: Heavy Machine Guns, Light Cannons, Manpads, Manpats, Launchers, Infantry Mortars, Grenades, Anti-Aircraft/Anti-Submarine Missiles, Light Anti-Tank Weapons, and Landmines; By Application: Defense and Homeland Security; By Geography: North America, Europe, Asia-Pacific and Row) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 - 2025.
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.
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.