Global Light Weapons Market Size By Type (Rifles, Machine Guns, Grenade Launchers), By Product (Direct Contact with Weapons, Directed Energy Weapons), By Geographic Scope And Forecast

Light Weapons Market Size And Forecast

Light Weapons Market size was valued at USD 10.3 Billion in 2022 and is projected to reach USD 12.7 Billion in 2030, growing at a CAGR of 3.6% from 2023 to 2030.

The market for light weapons is expanding due to a number of factors. The global defense budget is increasing, military modernization initiatives are growing, geopolitical tensions are rising, and new weapons are required to address these issues. The industry is growing as a result of the advancement of light weapons that are more accurate, trustworthy, and portable. The market for light weapons is also projected to rise as counterterrorism operations, border security, and law enforcement initiatives receive more focus. The market is also shaped by insurgencies, regional conflicts, and consumer demand for civilian self-defense.

Global Light Weapons Market Definition

The global “Light Weapons Market” is made up of companies that produce, distribute, and market small firearms and other light weapons. These weapons are perfect for lone users or small groups because they are frequently lightweight, easy to use, and offer a moderate degree of firepower. The phrase “light weapons” refers to a broad range of firearms and other tools used by the armed forces, law enforcement, and security personnel, as well as by civilians for self-defense.

Along with their ammo and other accessories, rifles, machine guns, submachine guns, handguns, and shotguns are all categorized as light weapons. The typical defining characteristics of them are their caliber, size, and function. These weapons are powerful enough to provide the user an advantage in combat or security circumstances while still being light enough to be carried by a single person or small squad.

Global Light Weapons Market Overview

The market for light weapons is being impacted by various factors. The main consideration is the requirement for reliable and effective small firearms for military and law enforcement use. To maintain law and order, combat terrorism, and maintain peace inside a nation, light weapons are required. The increased concern that people have for their own safety and capacity for self-defense is another aspect. People in various nations look for light weapons to defend themselves from armed assailants or other criminals. This urge has also been influenced by the desire to use one’s Second Amendment rights to defend oneself and one’s family.

In terms of additional factors affecting the market for light weapons, we might consider geopolitical conflicts, regional conflicts, and military modernization programs. The market is affected by changes in defense spending, security measures, and international trade regulations for weapons. The development of technology has a significant impact on manufacturers’ efforts to create lighter, more precise, and more dependable weapons. However, there are problems and concerns in the market for light weapons as well.

Since light weapons are so widely accessible, armed warfare, terrorist strikes, and the growth of criminal gangs are all potential outcomes. Governments at all levels use export restrictions and arms control agreements as two tools to try to limit the spread of light weapons and the subsequent use of those weapons. The market for shoulder-fired and portable weapons, such as rifles, machine guns, grenade launchers, and rocket-propelled grenades, is known as the “Light Weapons Market” in the defense sector.

Global Light Weapons Market Segmentation Analysis

The Global Light Weapons Market is segmented on the basis of Type, Product, and Geography.

Light Weapons Market, By Type

• Rifles
• Machine Guns
• Grenade Launchers
• Rocket-Propelled Grenades

Based on Type, the market is segmented into Rifles, Machine Guns, Grenade Launchers, and Rocket-Propelled Grenades. The rifle segment is expected to dominate the market due to its high demand in military and law enforcement applications.

Light Weapons Market, By Product

•  Direct Contact with Weapons
•  Directed Energy Weapons
•  Others

Based on Product, the market is segmented into Direct Contact with Weapons, Directed Energy Weapons, and Others.

Light Weapons Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Based on Geography, the Global Light Weapons Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific region is expected to dominate the market due to the high demand for light weapons in the region’s military and law enforcement agencies. The region’s increasing defense budgets and rising geopolitical tensions are driving the growth of the market in this region. The North American and European markets are also expected to grow at a significant rate due to their advanced defense infrastructure and technological advancements in weapon systems.

Key Players

The “Global Light Weapons Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are General Dynamics Corporation, Heckler & Koch GmbH, FN Herstal, BAE Systems, Lockheed Martin Corporation, Raytheon Company, Thales Group, Saab AB, Northrop Grumman Corporation, Collins Aerospace, TASER International, Inc, Combined Systems, Condor Non-Lethal Technologies, and Rheinmetall AG are some of the major companies operating in the global Light Weapons Market.

These businesses provide an extensive selection of handguns, rifles, machine guns, pistols, and even grenade launchers. Services such as repairing and updating these weapons are also offered. These companies are consistently spending money on R&D in order to meet the growing demand for cutting-edge weapons from the military and law enforcement.

Key Developments

• 2022 – The Modular Handgun System (MHS) Will Become Available in 2022. The Sig Sauer P320 became the US Army’s new Modular Handgun System in 2022. This was a huge step forward for the industry of light weapons, as it superseded the previously dominant Beretta M9 handgun while also improving upon its predecessor in terms of adaptability, precision, and dependability.
• 2023 – Improvements in Self-Defense Arms (SDAs) in 2023 – Multiple companies dedicated resources to creating cutting-edge PDWs in 2023. The military and law enforcement can benefit greatly from the enhanced firepower and mobility provided by these tiny and lightweight weapons. Ergonomic enhancements, modular layout choices, and expanded accessory compatibility were other major advances.
• 2025 – Smart Technology Adoption by 2025 – By 2025, light weapons have begun to utilize smart technologies to increase efficiency and facilitate communication. Improved target acquisition, accuracy, and operator cooperation were made possible with the combination of state-of-the-art sighting systems, electronic fire control systems, and networked communication capabilities.

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
• Provision of market value (USD Billion) data for each segment and sub-segment.Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players.
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.
• It provides insight into the market through Value Chain.
• Market dynamics scenario, along with growth opportunities of the market in the years to come.6-month post-sales analyst support.

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.