Light Weapons Market 2019-2023

Some of the key findings from our light weapons market forecast report are summarized below

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from the report.

Get a FREE sample now!

Global light weapons industry overview

The demand for recoilless artillery is increasing from end-users as these weapons allow the launch of a large projectile from a smaller platform. Carl-Gustaf M4 produced by Saab is one such recoilless weapon which is lightweight, low cost, flexible, and suitable for various applications. Such features make it an essential asset for land forces. The increasing frequency of orders for different recoilless weapons will lead to the replacement of older generation shoulder-fired light weaponry with these weapons. The development of recoilless artillery is identified as one of the key trends that will boost the growth of the light weapons market.

The increasing threat to ground infantry troops from unmanned aerial systems (UAS), cruise missiles, and long-range rockets (LRRs) have necessitated the enhancement of short-range air-defense capabilities. Armies of various countries are also focusing on the upgradation and customization of their armament to match the evolving battlefield environment. This has led to the development of sophisticated and guided weapon systems equipped with accessories such as aiming lasers, fire control systems, night vision devices, weapon sights, and laser rangefinders that are compact, light-weight, and have a high target hit ratio. The development of these new-generation weapon systems is one of the significant factors driving light weapons market growth at a CAGR of almost 6% during the forecast period.

Top companies covered in the light weapons market research report

The global light weapons market is moderately fragmented. To help clients improve their revenue share, the research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, the market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of the upcoming growth opportunities.

The report offers a detailed analysis of several leading companies, including:

• General Dynamics Corporation
• Lockheed Martin Corporation
• MBDA
• Nammo AS 
• Northrop Grumman Corporation
• Raytheon Company
• Saab AB

Light weapons market segmentation based on technology

• Unguided
• Guided

The unguided segment will account for the highest light weapons market share because of the extensive use of these weapons on the battlefield. The report provides an accurate prediction of the contribution of all the segments to the growth of the light weapons market size.

Light weapons market segmentation based on geographic region

• APAC
• Europe
• MEA
• North America
• South America

With a complete study of the growth opportunities for companies, it has been identified that North America will account for the highest market share throughout the forecast period. The increased spending on equipping the armed forces with better weapons is one of the significant factors driving light weapons market growth in the region.

Key highlights of the global light weapons market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the light weapons market during the next five years
• Precise estimation of the global light weapons market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of the companies   

We can help! Our analysts can customize the market research report to meet your requirements. Get in touch