What is the current Light Weapons Market size?

The Light Weapons Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029) Read More

Who are the key players in Light Weapons Market?

Saab AB, MBDA, Rheinmetall AG, General Dynamics Corporation and Rostec are the major companies operating in the Light Weapons Market. Read More

Which is the fastest growing region in Light Weapons Market?

Latin America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Light Weapons Market?

In 2024, the North America accounts for the largest market share in Light Weapons Market. Read More

What years does this Light Weapons Market cover?

The report covers the Light Weapons Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Light Weapons Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Light Weapons Market - Share & Growth

Light Weapons Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Light Weapons System Market Size and it is segmented by Type (Heavy Machine Guns, Grenades and Grenade Launchers, Mortars, Man-portable Anti-tank Systems, Man-portable Air Defense Systems, and Other Types), Technology (Guided and Unguided), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The report offers the market size and forecasts by value (USD billion) for all the above segments.

Light Weapons Industry Overview

The light weapons market is highly fragmented, with the presence of many manufacturers that offer weapon systems and ammunition for HMGs, grenades and grenade launchers, mortars, MANPATS, MANPADS, and other explosives. General Dynamics Corporation was a dominant market player in the base year as the company benefitted from a strong presence in North America, which is currently the largest market for light weapons. The other major players in the market are Saab AB, MBDA Inc., and Rheinmetall AG. With investments in research and development, companies have been expanding their portfolios with the addition of new product offerings. For instance, in February 2021, Sarsılmaz, one of the prominent small-arms manufacturers in Turkey, announced that the SAR 762 MT-type 12.7 mm heavy machine guns, a new indigenously manufactured machine gun, completed all test stages and will enter the mass production stage. The new heavy machine gun can be utilized by infantry teams and can also be mounted on various armored vehicles like main battle tanks. Such developments are expected to help the companies expand their market shares and presence across the world. Also, with several local players increasing their capabilities in the light weapons industry, the market studied is expected to become more competitive. Hence, developing technologically advanced products is deemed vital for sustaining the market share in the light weapons market during the forecast period.