According to the global light weapons market report by IMARC Group, the market reached a value of US$ 13.1 Billion in 2022, and it is projected to reach a value of US$ 18.0 Billion by 2028, exhibiting a CAGR of 5.1% during 2023-2028.

The global light weapons market size reached US$ 13.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028. Light weapons represent a group of weapons that are mostly designed to be utilized by one or more than one crew members. They can be categorized into heavy machine guns (HMGs), mortars, grenades, grenade launchers, man-portable air defense systems (MANPADS), man-portable anti-tank systems (MANPATS), etc., and involve the usage of various technologies, including infrared guided technology, satellite-guided technology, and others.

Light weapons have several advantageous features, such as lower production cost, durability, portability, concealability, etc., and are predominantly adopted by defense forces in combat missions and naval operations. Consequently, they find extensive applications across numerous sectors, including military, defense, homeland security, etc.

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Market Trends

The expanding military and defense segment, especially in developing countries, is primarily driving the light weapons market. In addition to this, the elevating adoption of precision-guided firearms integrated with refined features, such as fire control, targeting, and advanced head-up display technologies, is acting as another significant growth-inducing factor. Moreover, the inflating investments in research and development (R&D) activities conducted by leading weapon manufacturers and the escalating employment of state-of-the-art procedures in weapon manufacturing, which include the incorporation of artificial intelligence (AI) and integration of laser systems in light cannons, are further stimulating the market growth.

In line with this, the introduction of a higher range of anti-tank missiles is also positively influencing the global market. Besides this, the increasing instances of terrorism, political unrest between neighboring countries, and cross-border disputes, the growing military modernization programs, and the rising defense expenditure across the globe are expected to bolster the light weapons market over the forecasted period.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

BAE Systems plc, FN Herstal (Herstal Group), General Dynamics Corporation, Heckler & Koch GmbH, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Saab AB and Thales Group.

The report segmentation is as follows:

Breakup by Type:

  • Heavy Machine Guns (HMGs)
  • Grenades and Grenade Launchers
  • Mortars
  • Man-portable Anti-tank Systems (MANPATS)
  • Man-portable Air Defense Systems (MANPADS)
  • Others

Breakup by Technology:

  • Guided
    • Laser Guided
    • Infrared Guided
    • Satellite Guided
    • Semi-automatic Command to Line of Sight
  • Unguided

Breakup by Application:

  • Defense
  • Homeland Security

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

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