Light Weapons Market Analysis

Light Weapons Market Analysis

Light Weapons Market Analysis
Report code - SRAD297 Delivery - 2 Weeks
Light Weapons Market Size, Share, Trend, Forecast & Industry Analysis.
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Market Insights

Light Weapons Market is likely to witness an impressive CAGR of 5.2% during the forecast period. The growing lethality and the sophisticated progressions in light weapons drive the market globally.

Light Weapons Market Report Overview

Growth

5.2% for the next five years

Major Type

Anti-tank guided weapons

Dominant End-User Type

Military

Region with the highest demand

North America

Key Players

The Raytheon Company, Lockheed Martin, BAE Systems, Rafael Advanced Defense Systems, Elbit Systems, Thales Group, and Saab AB.

Segments Analysis

Light-Weapons-Market-Dominant-Segments

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Light Weapons Market Share: By Type

Based on the type, the market is segmented as anti-tank guided weapons, anti-aircraft missiles, rocket launchers, man-portable air defense systems, heavy machine guns, light cannons, recoilless rifles, grenade launchers, mortars, and rocket-propelled grenades. The anti-tank guided weapons dominated the market in 2018. The increasing demand for guided weapons drives the growth of this segment in the coming five years. The grenade launchers segment is estimated to be the fastest-growing segment during the forecast period. The incessant requirement in the armed forces influences the growth of this segment.

Light Weapons Market Share: By End-User Type

Based on the end-user type, the market is segmented as military and homeland security. The military segment is expected to register a higher growth during the forecast period. The rising defense budget of some of the prominent economies is driving the growth of this segment.

Light Weapons Market Share: By Region

In terms of regions, North America dominated the light weapons market and is expected to retain its dominance in the coming five years. The market is sustained by the rising demand for light weapons from emerging economies. Asia-Pacific is also projected to offer substantial growth opportunities during the forecast period. China, India, and the Middle East are the growth engines of the region. The growing defense budget is a major factor that sustains the growth of the market for light weapons in this region.

Light-Weapons-Market-By-Region

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Market Scope & segmentation

Light weapons are a class of army weapons that are smaller in size and man-portable. These weapons can be carried by a single person and also by a maximum of 2-3 people.

Light weapons are used by the military as well as homeland security. Rocket launchers, man-portable air defense systems, heavy machine guns, light cannons, and others are some of the types of light weapons in use.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

Light Weapons Market Report - Features

Market Segmentation

3

Regions Covered

4

Countries/Sub-Regions Covered

15

No. of Figures & Tables

>150

Company Profiles

7

 

The light weapons market is segmented into the following categories. 

Light Weapons Market Size, Share & Forecast, by Type:

  • Anti-Tank Guided Weapons (ATGW) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Anti-Aircraft Missiles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Rocket Launchers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Man-Portable Air Defense Systems (MANPADS) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Heavy Machine Guns (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Light Cannons (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Recoilless Rifles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Grenade Launchers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Mortars (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Grenades (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Rocket-Propelled Grenades (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Light Weapons Market Size, Share & Forecast, by End-User Type:

  • Military (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Homeland Security (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Light Weapons Market Size, Share & Forecast, by Region:

  • North America (Country Analysis: the USA, Canada, and Mexico) 
  • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the light weapon manufacturers are-

  • The Raytheon Company
  • Lockheed Martin
  • BAE Systems
  • Rafael Advanced Defense Systems
  • Elbit Systems
  • Thales Group
  • Saab AB.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Market Segmentation

  • Current market segmentation of any one of the types by end-user type.  

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

Frequently Asked Questions (FAQs)

Light weapons are the class of army weapons that are smaller in size and are man-portable. These weapons can be carried by a single person and also by a maximum of 2-3 people. Light weapons are used by the military as well as homeland security. Rocket launchers, man-portable air defense systems, heavy machine guns, light cannons, and others are some of the types of light weapons in use.

Light Weapons Market is likely to witness an impressive CAGR of 5.2% during the forecast period. The growing lethality and the sophisticated progressions in light weapons drive the market globally.

In terms of regions, North America dominated the light weapons market and is expected to retain its dominance in the coming five years.

Some of the light weapon manufacturers are The Raytheon Company, Lockheed Martin, BAE Systems, Rafael Advanced Defense Systems, Elbit Systems, Thales Group, and Saab AB.

The military segment is expected to register a higher growth in the light weapon market in the coming years.

The grenade launchers segment is expected to be the fastest growing segment in the light weapons market during the next five years.

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