Global Light Weapons Market Report and Forecast 2024-2032

Global Light Weapons Market Outlook

The global light weapons market would likely grow at a CAGR of 5.3% during 2024-2032. Nations today are moving to modernize and strengthen their military power in light of global threats. Demand for military equipment is growing.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Governments are introducing policies to enable public and private sector companies to grow into international players. Countries like India are signing pacts with other major nations to strengthen their military might. In 2023, it was reported that UK ordered thousands of anti-tank weapons to reinforce their stock. The deal was finalised with Saab.  Asia, North America, and Europe are likely to be significant markets.

Global Market Likely to be Driven by Growing Demand for Military Equipment

Broadly, light weapons refer to man-portable lethal weapons that launch, are devised to launch or expel, or are capable of being converted to launch or expel a bullet, projectile or shot through an explosive. Generally speaking, light weapons are fashioned to be used by two or more individuals functioning as a crew; some might be used and carried by one individual. Many nations today are looking to modernize and strengthen their military power in light of global threats, leading to increased demand for military equipment that is expected to boost the global light weapons market. 

Advantages of Light Weapons Expected to Boost Market Growth

Advantages of light weapons include:

Wide Availability and Low Cost – Light weapons may be produced with the help of relatively less sophisticated technology. Further, light weapons are widely used by military and police forces, and there are many suppliers across the globe. 

Increased Lethality – Light weapons are becoming increasingly sophisticated, enhancing the ability of military and police forces. Modern technology has enhanced the firepower of shoulder-fired rockets, mortars and light anti-tank weapons. 

Durability and Simplicity – Light weapons are relatively easy to maintain and use, need little maintenance, and stay operational for several years. Further, little training is needed to use such weapons effectively. 

Portability and Concealability – Light weapons may be carried by a single soldier or in a light vehicle, and readily transported to areas of conflict. 

Light weapons are particularly useful to paramilitary and irregular forces, forces with limited technical and financial means and relatively less professional military training, and those operating in remote and distant regions. 

Such advantages are expected to drive the global light weapons market. 

Market Segmentation

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

By type, the market is segmented into: 

• Grenades and Grenade Launchers

• Heavy Machine Guns (HMGs)

• Man-portable Anti-tank Systems (MANPATS)

• Mortars

• Man-portable Air Defense Systems (MANPADS)

• Others

By guidance, the global light weapons market is divided into:

• Guided (further broken down by guided type as given below)
  • Laser Guided
  • Infrared Guided
  • Satellite Guided
  • Others
• Unguided

By application, the market is classified into:

• Defence

• Homeland Security

By region, the market is divided into:

• Middle East and Africa

• Europe

• North America

• Asia Pacific

• Latin America

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Industry Players in the Market

The report comprehensively assesses key players in the global light weapons market; it gauges their capacity and monitors newest happenings like mergers and acquisitions, capacity expansions, and plant turnarounds:

• Raytheon Technologies Corporation

• Saab AB

• Thales Group

• Heckler & Koch GmbH

• Rheinmetall AG

• Northrop Grumman Corporation

• ARSENAL JSCo

• FN Herstal

• Others

Employing Porter’s Five Forces model and SWOT analysis, the EMR report offers deep insights into the industry.

Key Highlights of the Report