Light Weapons Market Report by Technology, Industry Share and Size Expansion to 2026 | Fortune Business Insights™
Light Weapons Market size isexpected to reach USD 17.33 billion by 2027, exhibiting a CAGR of 4.67% duringthe forecast period.
The increasing R&D investments by major companies forthe design and development of innovative light weapons is expected to bolster healthygrowth of the market, states Fortune Business Insights in a report,titled “Light Weapons Market Size, Share &COVID-19 Impact Analysis, By Type (Heavy machine guns, MANPAT, Infantry Mortar,Anti-Tank Weapons, Recoilless Rifles, Launchers, Light Cannon, Anti-TankMissiles, MANPADS, Grenade, Landmines), Guidance (Guided, Unguided),Application (Defense, Homeland Security), and Regional Forecast, 2020-2027.” Themarket size stood at USD 12.61 billion in 2019.
The emergence of coronavirus hassteered many emerging nations into complete financial ruin. We understand thatthis health emergency has negatively impacted various sectors across the globe.Rising support from governments and several companies can help in the fightagainst this highly infectious virus. There are some industries that arestruggling and some are thriving. More or less, nearly every sector isestimated to be impacted by this pandemic.
We are perpetually working on ourreports to help uplift businesses in this crucial time. Our expertise andexperience can offer enormous benefits to help regain during this globalpandemic.
The report on the light weaponsmarket reveals:
- Superior analysis of the market
- Notable and vital industry development
- COVID-19 effect on the industry
- Prominent insights into the competitive landscape
Market Driver:
Surging Terrorist Activities toBrighten Business Possibilities
The growing terrorist activities andborder disputes will spur demand for the light weapons market in theforeseeable future. The rising conflicts among neighboring countries areexpected to provide tremendous opportunities for the market. For instance, theongoing disputes between China and India. The increasing military modernizationprograms will have an excellent effect on the market.
The surge in the military budget is expected to influence the healthy growth ofthe market during the forecast period. The enormous R&D investment forlighter and efficient vehicles during combat will enhance the potential of themarket in the foreseeable future. The perpetual advancements in weapons such aselevated range of anti-tank missiles, precision-guided firearms, and laserenabled light cannons will spur golden opportunities for the market in the nearfuture.
List of the Leading Companies Profiledin the Global Light Weapons Market are:
- ARSENAL (Bulgaria)
- BAE Systems (The U.K)
- FN HERSTAL (Belgium)
- General Dynamics Corporation (The U.S.)
- GmbH (Germany)
- Lockheed Martin Corporation (The U.S.)
- Northrop Grumman Corporation (The U.S.)
- Raytheon Technologies Corporation (The U.S.)
- Rheinmetall AG (Germany)
- Saab AB (Sweden)
- Thales Group (France)
Dwindled Defense Budget to NegativelyInfluence Market During COVID-19
The defense sector has witnessed adownfall due to the widespread of coronavirus. The growing focus of governmentstowards healthcare has subsequently limited the supply of weapons and reduceddefense expenditure. The halt on allocated contracts owing to the restrictionsimposed by the governments to curb the spread of the infection will furtherimpede the market growth. The disruption in the supply chain and pause onproduction processes will aggravate the growth of the market. Nonetheless, thecurrent border clashes will escalate the demand for light weapons in theforthcoming years, which, in turn, will bode well for the market.
Regional Analysis:
Presence of Major OEMs to AugmentMarket in North America
The market size in North Americagenerated a revenue of USD 5.67 billion in 2019 and is expected to remaindominant during the forecast period. The growth in the region is attributed tothe growing defense budget in the U.S and Canada. The existing key manufacturerssuch as General Dynamics Corporation, Northrop Grumman Corporation, andRaytheon Technologies Corporation are expected to drive the market in theregion. Asia Pacific is expected to witness a rapid growth rate during theforecast period owing to the rising defense expenditure in emerging nationssuch as India and China. The growing emphasis on military modernizationprograms will further aid the expansion of the market in Asia Pacific. Thegrowing border conflicts and political disturbances will spur salesopportunities for the market. Europe is expected to rise tremendously duringthe forecast period owing to the booming defense sector in Russia, the U.K,Germany, and France.
Important Development:
July 2019: Raytheon Technologies Corporation announced thatit has signed a contract with the Taiwan army worth USD 223.6 million to supply250 Block I-92F MANPAD Stinger missiles and four Block I-92F MANPAD StingerFly-to-Buy missiles.
Browse Detailed Summary of thisResearch with Table of Content:
https://www.fortunebusinessinsights.com/light-weapons-market-103529
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments –Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Quantitative Insights- Impact of COVID-19 Pandemic on Global Light Weapons Market
- Impact of COVID-19 on Global Light Weapons Market
- Steps Taken by Industry/Companies/Governments to Overcome the Impact
- Key Developments in The Industry in Response to COVID-19 Pandemic
- Potential Opportunities Due to COVID-19 Outbreak
- Global Light Weapons Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Heavy Machine Guns
- Light Cannon
- Recoilless Rifles
- MANPADS
- Grenades
- MANPAT
- Infantry Mortars
- Anti-tank Missiles
- Anti-tank Weapons
- Launchers
- Landmines
- Market Analysis, Insights and Forecast – By Guidance
- Guided
- Unguided
- Market Analysis, Insights and Forecast – By Application
- Defense
- Homeland Security
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- The Middle East
- Rest of the World
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