What is Small Arms Market?
Small arms is defined as the guns which are light as well as easy to carry. It is widely used in armed forces in order to denote infantry weapons an individual soldier may carry. It include handguns and long guns, such as rifles & carbines, sub-machine guns, assault rifles, and light machine guns and others. It widely consists of commercial industry, which is involved in the research and development, production, engineering as well as servicing of military material, equipment, & facilities. Upsurge in participation in hunting and shooting sports, increase in demand for self-defense and law enforcement, and political instability has also played an important role in positively impacting the growth of the market.
The market study is being classified and major geographies with country level break-up. According to AMA, the Global Small Arms market is expected to see growth rate of 5.1%
BAE Systems, Heckler & Koch, Israel Military Industries, Alliant Techsystems, Nammo Group, Smith & Wesson, Indian Ordnance Factories, Arsenal Jsco, Glock Perfection, Fn Herstal, Zak3ady Mechaniczne Tarnow, Financial Highlights, Orbital ATK, STURM,Ruger & Company, Freedom Group, General Dynamics, Forjas Taurus, Herstal and Beretta Holding are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Concern Kalashnikov (Russia), Remington Arms Company LLC (United States), SIGSAUER (United States) and Smith & Wesson. (United States).
The market is fragmented with numerous players focusing on technique and quality of the product owing to which the global small arms market can witness an upsurge in the forecast period Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Small Arms market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Small Arms market by Type, Application and Region.
On the basis of geography, the market of Small Arms has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Incidences of Wars and Cross-Border Conflicts
- Increasing Civilian Use of Small Arms and Rise in Terrorism
Market Trend
- Varied technological advancements for instance corner shot assault rifles, smart guns and 3D printed guns
Restraints
- Strict Licensing Procedures
- Declining Defense Budgets of Advanced Economies
Opportunities
- Foreign Direct Investment in Defense for Emerging Economies
- Increasing Defense Expenditure of Emerging Economies
Challenges
- Illicit Arms Trade and Trafficking
- Indiscriminate Use of Small Arms
- Policy Challenges for New Technologies
Market Leaders and some development strategies
In 2013, the national government of the Philippines had announced that, the procurement of more than 30,000 primary rifles as well as 74,000 modern side arms to be issued to rural frontline units across the nation. This will affect the growth of the market in future. and In February 2016, the Nirbheek Company had launched lightest gun, which is small arms and the weight of this product is 250g. Therefore, this product launched will help in strengthening the position of the company in future.
Key Target Audience
Original Equipment Manufacturers (OEMs), Regulatory Bodies, Component Suppliers, Homeland Security Agencies, Shooting Sports Federations and Distributors