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Light Weapons Market Analysis
Light Weapons Market Size, Share, Trend, Forecast & Industry Analysis.
Light Weapons Market is segmented by Type (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), End-User Type (Military, Homeland Security), and Region (North America, Europe, Asia-Pacific, and Rest of the World).
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.
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Light Weapons Market Report Overview |
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Growth |
5.2% for the next five years |
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Major Type |
Anti-tank guided weapons |
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Dominant End-User Type |
Military |
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Region with the highest demand |
North America |
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Key Players |
The Raytheon Company, Lockheed Martin, BAE Systems, Rafael Advanced Defense Systems, Elbit Systems, Thales Group, and Saab AB. |
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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.
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.
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.
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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.
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Light Weapons Market Report - Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
7 |
The light weapons market is segmented into the following categories.
Some of the light weapon manufacturers are-
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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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