Light Weapons Market Business Opportunities, Trends, Size, Share, Growth Insights, Competitive Analysis, Statistics and Regional Forecast to 2023

Global Light Weapons Market: Information by Type (Heavy Machine Guns, Light Canons, Recoilless Weapons, MANPATS, MANPADS, & others) by Technology (Guided & Unguided) by Operation (Crew-Served & Individual), by End-User and by Region — Global Forecast till 2023

Pune, India - August 14, 2019 /MarketersMedia/ —

Light weapons are weapons designed for use in a small crew vital for peacekeeping missions. They can be handled by a single person as well. Some instances of light weapons include mortars, rifles, land mines, grenades, launchers, heavy machine guns, and others. The global light weapons market report by Market Research Future (MRFR) covers comprehensive primary and secondary research on its scope and future use.

Market Outlook:

The global light weapons market is touted to touch a stellar valuation by exhibiting 4% CAGR from 2018 to 2023 (forecast period), as per MRFR. Focus on counter terrorist and other military operations are factors driving market demand. The sharp rise of defense expenditure among developed and developing economies and immense demand from law enforcement agencies are estimated to bolster the market volume over the forecast period.

Request for Free Sample Pages:
https://www.marketresearchfuture.com/sample_request/7082

Approval of licenses to citizens for protection and security services and proliferation of technology has triggered the production of light weapons drastically. Research and development programs by nations for producing efficient weapons as well as export to other nations for amping up their defenses can work favorably for the light weapons market.

But strict regulations regarding trading and stringent rules and policies can hamper the market growth.

Segmentation:

The global light weapons market is segmented by type, technology, mode of operation, and end-user.

By type, it is segmented into grenade launchers, recoilless weapons, light cannons, heavy machine guns, infantry mortars, man-portable air-defense systems, man-portable anti-tank systems, and others. Among them, the man-portable anti-tank systems segment held the largest market share in 2017 due to the capability of the weapon of defeating light and medium tanks. On the other hand, grenade launchers are predicted to exhibit the highest growth rate during the forecast period. Recoilless weapons can enjoy a hefty demand due to the use of weapons capable of launching large projectiles from small platforms.

By technology, it is segmented into guided and unguided. The guided segment held the largest market share in 2017 due to guided missiles having a higher success rate and covering long ranges.

By mode of operation, it is segmented into crew-served and individual. The former held a larger market share in 2017 and is portended to maintain its position till 2023.

By end-user, it is segmented into homeland security and defense. The defense segment held the lion’s share of the light weapons market in 2017. This can be attributed to the procurement of weapons in large consignments by defense agencies for protecting borders of nations.

Regional Outlook:

The light weapons market looks upon the following regions – Asia Pacific (APAC), Europe, North America, and Rest-of-the-World (RoW), for a careful consideration of the impending demand.

North America is estimated to continue in the top position within the market due to technological advancements and high defense expenditure. Presence of various weapons manufacturers the likes of Raytheon and Lockheed Martin combined with investments for developing light weapons and respective ammunition can drive the regional light weapons market demand. In addition, the recent demand from Norway of M2A2 machine guns from U.S. Ordnance, a prominent manufacturer in the defense sector.

The APAC region is expected to experience immense demand at a robust CAGR due to indigenous weapon production in China and India. Increased capacity of governments due to inflated defense expenditure can spur the light weapons market demand in the region. Recently, the defense department of India and U.S. firm Sig Sauer have agreed to a contract for 72,400 rifles which can strengthen the arsenal of armed forces.

Competitive Landscape:

Key market players include Raytheon Company, Lockheed Martin Corporation, Saab AB, Indian Ordnance Factories Organization, NAMMO AS, Heckler & Koch GmbH, Rafael Advanced Defense Systems Ltd., Arsenal JSCo, General Dynamics Ordnance & Tactical Systems, Thales SA, and others.

Access Full Summary of Report:
https://www.marketresearchfuture.com/reports/light-weapons-market-7082

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact Info:
Name: Market Research Future
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +1 628 258 0071
Website: https://www.marketresearchfuture.com/reports/light-weapons-market-7082

Source URL: https://marketersmedia.com/light-weapons-market-business-opportunities-trends-size-share-growth-insights-competitive-analysis-statistics-and-regional-forecast-to-2023/88908180

Source: MarketersMedia

Release ID: 88908180

More News From Spotify News

Power wins shortened Pocono race marred by wreck, weather

Aug 19, 2019

LONG POND, Pa. — The black clouds that enveloped Pocono and officially brought the IndyCar race to a premature end didn't appear until the halfway point. But they've really been hanging over the track since the series returned to the mountains in 2013. A fatal crash. A promising career wrecked by paralysis. And again Sunday, a first-lap demolition derby that sent another driver to the hospital and stirred an angry mob howling for IndyCar to get the heck out of town once and for all. It may be a moot point, IndyCar and Pocono don't have a deal for a...

Alonso breaks NL rookie HR record, Mets crown Royals 11-5

Aug 19, 2019

KANSAS CITY, Mo. — Pete Alonso wasn't even sure he was going to make the New York Mets' opening day roster, so even he never could have imagined the incredible season he's having. The burly first baseman hit his 40th home run to break the National League rookie record, capping a late outburst by the New York Mets in their 11-5 victory over the Kansas City Royals on Sunday. "This season's been unbelievable," Alonso said. "It's been a dream come true so far and I just want to keep building off of it and keep trying to help this team...

Ohtani, 3 other Angels homer in 9-2 win over White Sox

Aug 19, 2019

ANAHEIM, Calif. — Shohei Ohtani, Kole Calhoun, Matt Thaiss and Anthony Bemboom all homered to lead the Los Angeles Angels to a 9-2 victory over the Chicago White Sox on Sunday. Ohtani hit his first home run since July 27 and just his second since the All-Star break. He has a nine-game hitting streak, the longest of his young career. Calhoun added his career-high 27th homer, a solo shot in the fourth inning. He hit 26 home runs in 2015 but hadn't hit more than 19 in a season since. He also had his 100th hit of the season and...

Hill rallies Saints to 19-17 victory over Chargers

Aug 19, 2019

CARSON, Calif. — Taysom Hill had 191 yards of offense and directed three second-half scoring drives to help the New Orleans Saints rally for a 19-17 exhibition victory over the Los Angeles Chargers on Sunday. In a game where Philip Rivers and Drew Brees were sideline observers, Hill supplied most of the quarterback highlights. The third-year, all-purpose player was 11 of 15 for 136 yards and a pair of touchdowns and ran for 55 yards. New Orleans trailed 17-3 at halftime. Hill threw a 27-yard TD pass to Austin Carr with 3:10 remaining in the third quarter to bring the...

Clevinger fans 10, Indians tame Yankees 8-4 for 4-game split

Aug 19, 2019

NEW YORK — Mike Freeman found out Saturday night he was going to pick up a rare start in place of Cleveland Indians star infielder José Ramírez. A couple of hours before Sunday's game, the 32-year-old career minor leaguer took a walk out to an empty Monument Park in Yankee Stadium to check out the plaques of past Yankees greats. Freeman looked like a star, too, on Sunday when he hit a three-run homer and two doubles as the Indians tamed the New York Yankees 8-4 for a four-game split between AL pennant contenders. "That's just baseball history right there,"...

About Us

Sportify News offers you high quality sports journalism. Take a deep look in the world of sports as we bring you the latest news on acquisitions, sponsorships, lineups and more!

Contact us: sales[at]sportifynews.com

Subscribe Now!