Light Weapons Market Business Opportunities, Trends, Size, Share, Growth Insights, Competitive Analysis, Statistics and Regional Forecast to 2023

Global Light Weapons Market: Information by Type (Heavy Machine Guns, Light Canons, Recoilless Weapons, MANPATS, MANPADS, & others) by Technology (Guided & Unguided) by Operation (Crew-Served & Individual), by End-User and by Region — Global Forecast till 2023

Pune, India - August 14, 2019 /MarketersMedia/ —

Light weapons are weapons designed for use in a small crew vital for peacekeeping missions. They can be handled by a single person as well. Some instances of light weapons include mortars, rifles, land mines, grenades, launchers, heavy machine guns, and others. The global light weapons market report by Market Research Future (MRFR) covers comprehensive primary and secondary research on its scope and future use.

Market Outlook:

The global light weapons market is touted to touch a stellar valuation by exhibiting 4% CAGR from 2018 to 2023 (forecast period), as per MRFR. Focus on counter terrorist and other military operations are factors driving market demand. The sharp rise of defense expenditure among developed and developing economies and immense demand from law enforcement agencies are estimated to bolster the market volume over the forecast period.

Request for Free Sample Pages:
https://www.marketresearchfuture.com/sample_request/7082

Approval of licenses to citizens for protection and security services and proliferation of technology has triggered the production of light weapons drastically. Research and development programs by nations for producing efficient weapons as well as export to other nations for amping up their defenses can work favorably for the light weapons market.

But strict regulations regarding trading and stringent rules and policies can hamper the market growth.

Segmentation:

The global light weapons market is segmented by type, technology, mode of operation, and end-user.

By type, it is segmented into grenade launchers, recoilless weapons, light cannons, heavy machine guns, infantry mortars, man-portable air-defense systems, man-portable anti-tank systems, and others. Among them, the man-portable anti-tank systems segment held the largest market share in 2017 due to the capability of the weapon of defeating light and medium tanks. On the other hand, grenade launchers are predicted to exhibit the highest growth rate during the forecast period. Recoilless weapons can enjoy a hefty demand due to the use of weapons capable of launching large projectiles from small platforms.

By technology, it is segmented into guided and unguided. The guided segment held the largest market share in 2017 due to guided missiles having a higher success rate and covering long ranges.

By mode of operation, it is segmented into crew-served and individual. The former held a larger market share in 2017 and is portended to maintain its position till 2023.

By end-user, it is segmented into homeland security and defense. The defense segment held the lion’s share of the light weapons market in 2017. This can be attributed to the procurement of weapons in large consignments by defense agencies for protecting borders of nations.

Regional Outlook:

The light weapons market looks upon the following regions – Asia Pacific (APAC), Europe, North America, and Rest-of-the-World (RoW), for a careful consideration of the impending demand.

North America is estimated to continue in the top position within the market due to technological advancements and high defense expenditure. Presence of various weapons manufacturers the likes of Raytheon and Lockheed Martin combined with investments for developing light weapons and respective ammunition can drive the regional light weapons market demand. In addition, the recent demand from Norway of M2A2 machine guns from U.S. Ordnance, a prominent manufacturer in the defense sector.

The APAC region is expected to experience immense demand at a robust CAGR due to indigenous weapon production in China and India. Increased capacity of governments due to inflated defense expenditure can spur the light weapons market demand in the region. Recently, the defense department of India and U.S. firm Sig Sauer have agreed to a contract for 72,400 rifles which can strengthen the arsenal of armed forces.

Competitive Landscape:

Key market players include Raytheon Company, Lockheed Martin Corporation, Saab AB, Indian Ordnance Factories Organization, NAMMO AS, Heckler & Koch GmbH, Rafael Advanced Defense Systems Ltd., Arsenal JSCo, General Dynamics Ordnance & Tactical Systems, Thales SA, and others.

Access Full Summary of Report:
https://www.marketresearchfuture.com/reports/light-weapons-market-7082

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact Info:
Name: Market Research Future
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +1 628 258 0071
Website: https://www.marketresearchfuture.com/reports/light-weapons-market-7082

Source URL: https://marketersmedia.com/light-weapons-market-business-opportunities-trends-size-share-growth-insights-competitive-analysis-statistics-and-regional-forecast-to-2023/88908180

Source: MarketersMedia

Release ID: 88908180

Latest News

Woods shoots 64 to take two-stroke lead at Zozo Championship

Dec 11, 2019

INZAI CITY, Japan — Tiger Woods shot a second straight 6-under 64 on Saturday to take a two-stroke lead after the second round of the rain-hit Zozo Championship. Teeing off in front of empty stands, Woods picked up where he left off after a 64 in Thursday's opening round with a birdie on the first hole, one of seven on the day that gave him a 36-hole total of 12-under 128, two shots ahead of Gary Woodland. Woods took the lead on the par-4 17 when his approach shot landed a foot from the hole and he made the easy...

Rain pushes PGA Tour Champions' final round to Monday

Dec 11, 2019

RICHMOND, Va. — Heavy rain forecast to last throughout the day forced the postponement of the third round of the PGA Tour Champions event on Sunday. The Dominion Energy Charity Classic, the first of three tournaments in the tour's Champions' Charles Schwab Cup playoffs, will resume on the Country Club of Virginia's James River Course at 8 a.m. Monday. Scott Parel and Tommy Tolles share the lead at 12 under par, with Colin Montgomerie one shot back. Parel won twice last season on the tour for players 50 and over, and Tolles is seeking his first victory in three years...

Na shoots 61 and takes lead in Las Vegas

Dec 11, 2019

LAS VEGAS — Kevin Na matched his career-low Saturday with a 10-under 61 on a day of low scoring in Las Vegas to build a two-shot lead over Patrick Cantlay in the Shiners Hospitals for Children Open. Na was pumping his fist after every putt down the stretch at the TPC Summerlin, which yielded six scores of 63 or better. Na, who lives in Las Vegas, set the tournament's 54-hole record at 22-under 191. Cantlay was staying with him until he failed to get up-and-down on the reachable par-4 15th and made bogey from the bunker on the par-3 17th....

Column: From orphan in China to playing with pros at Pebble

Dec 11, 2019

Kayli Lucas is headed to Pebble Beach to play in a PGA Tour Champions event, a dream week for a 17-year-old girl from Tennessee who knew nothing about golf until a friend from church invited her out for a lesson at The First Tee. She liked how the club felt in her hands. Like so many others brought to golf, she found that the greatest appeal was the individual test to get better. "I'm goal-oriented," she said. "I wanted to prove to myself how far I can go on my own." How far she can go? It's how far Kayli...

The Latest: British PM questions Thomas Cook bosses' pay

Dec 11, 2019

LONDON — The Latest on the collapse of British tour company Thomas Cook (all times local): 6 p.m. Prime Minister Boris Johnson says a "huge effort" is underway to bring home British tourists and passengers stranded by the sudden financial collapse of travel company Thomas Cook. He adds Monday that steps needed to be taken so "you don't end up with a situation where the taxpayer, where the state is having to step in and bring people home." Johnson asks "whether it's right that the directors and the board should pay themselves large sums when a company can go down...

Search

5 Stars Discovery brings you to the stories from people around the world sharing on the finest luxury resorts, high-end city hotels, and exclusive hideaway to make sure you’ll get the premium experience.