About Light Weapons
Light weapons, the weapons that are designed for use by two or three persons serving as a crew, while some may be carried & used by a single person. Light weapons include light cannons, common purpose or universal machine guns, heavy machine guns, medium machine guns, under-barrel grenade launchers, grenades, mounted grenade launchers, portable anti-tank guns, portable anti-aircraft guns, MANPADS (Man-Portable Air-Defense Systems), MANPATS (Man-Portable Anti-Tank Systems), and mortars of a calibre of less than 100 millimetres. These also include explosives, ammunition, hand grenades, land mines & any other man portable weapons. Usage of light weapons in armed forces has been increased over the years with developments in technology. The growing land disputes across the borders, growing conflicts, as well as terrorism activities and increasing defense spending are the driving factors for the global light weapons market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
CAGR | 5.1% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Light Weapons market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lockheed Martin Corporation (United States), Raytheon Company (United States), General Dynamics Corporation (United States), BAE Systems plc (United Kingdom), Thales Group (France), Northrop Grumman Corporation (United States), Saab AB (Sweden), Rheinmetall AG (Germany), Cockerill Maintenance & Ingenierie Grpoup (Belgium) and Heckler & Koch GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Denel Dynamics (South Africa), Rheinmetall AG (Germany) and Textron Inc (United States).
Segmentation Overview
AMA Research has segmented the market of Global Light Weapons market by Type (MANPADS (Man-Portable Air-Defense Systems), Heavy Machine Guns [12.77 Mm and 14.50-20 Mm], Light Cannons [Small, Medium, and Large], MANPATS (Man-Portable Anti-Tank Systems), Launchers [Grenade Launchers, Anti-Tank Launcher, Anti-Aircraft Launcher, and Rocket Systems], Infantry Mortars [Light, Medium, and Heavy], Grenades [Chemical & Gas, Concussion, Anti-Tank, Anti-Personnel Fragmentation, and Stun Grenade], Anti-Aircraft/Anti-Submarine Missiles, Landmines and Light Anti-Tank Weapons), Application (Defense and Homeland Security) and Region.
On the basis of geography, the market of Light Weapons 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). North America region held largest market share in the year 2023. If we see Market by Technology, the sub-segment i.e. Guided Weapons Technology will boost the Light Weapons market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand by Citizens for Light Weapons
Market Growth Drivers:
Changing Nature of Warfare around the Globe, Low Cost of Weapons and Growing Drug Trafficking
Challenges:
Illegal Trading Of Light Weapons
Restraints:
Strict Regulation Policies and Licensing Process
Opportunities:
Increasing Demand for Anti-Tank Guided Weapons and Adaptation of Laser Technology
Market Leaders and their expansionary development strategies
On August 2023, Bharat Heavy Electricals Ltd (BHEL) entered into a partnership with the renowned Italian defense company, Leonardo S.p.A, to supply air defense guns to the Indian Army. This partnership comes in response to the request for proposal issued by the Ministry of Defense last October, which seeks 220 air guns and approximately 1.42 lakh rounds of ammunition, with an estimated contract value of around Rs 6,500 crore
In February 2023, BDL has launched the ‘Vertical Launched –Short -Range Surface-to-Air Missileor VL SR SAM’,‘Semi-Active Laser Seeker HomingAnti-Tank Guided Missile for BMP –II’and ‘Drone DeliveredMissile’(JISHNU)during the Bandhan Ceremony held today on the sidelines of Aero India
Analyst View
Based on Technology, in the global light weapons market, Guided Weapons Technology is further sub segmented as MANPADS, Anti-Aircraft Missile, and Light Anti-Tank Weapons. Additionally, Unguided Weapons Technology comprises Heavy Machine Guns, MANPATS, Grenades, and Mortars.
Key Target Audience
Light Weapons Manufacturers, Defense Organizations, Law Enforcement Agencies, Sub-Component Providers, Defense Contractors, Regulatory Bodies, Government and Research Organizations, Industry Associations, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.