Small Arms and Light Weapons (SALW) Market (By Type: Small Arms and Light Weapons; By Application: Military, Law Enforcement, and Other Applications; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024
Global Small Arms and Light Weapons (SALW) Market is estimated to reach $25.6 billion by 2024; growing at a CAGR of 3.9% from 2016 to 2024. Small Arms and Light Weapons generally known as SALW are used in illegal or prohibited weapon control protocols. It denotes two different classes of these weapons; that include small arms and light weapons. Small arms are, the weapons made solely for discrete use. They are accessible at lower end calibre ranges. The global trade of these weapon is dynamic and diverse. The practice of modern combat is changing progressively and the army is highly motivated towards the use of these weapons. Presently, the market has observed augmented number of recreational hunters and private individuals buying imported weapons along with uncountable rounds of ammunitions each year.
Changing style of warfare, militarization of police force, lethality and drug trafficking are some of the major driving factors of the market. Furthermore, growing use of small weapons for self-defence strategies are expected to fuel the market in the forecast period. The mounting level of international smuggling or trafficking of small weapons for illicit or illegal reasons is risking human life; hence, import export of small arms and illegal trading may restraint the market growth. Growing economies and rising funds for defence and safety are the future opportunities for competitors in the coming years.
The global small arms and light weapons (SALW) market has been segmented into type, application, and geography. On the basis of type, the market has been divided into small arms and light weapons. Small arms include pistols, rifles, handguns, shotguns, man-portable machine guns, and other small arms. While light weapons include landmines, mortars, grenade launchers, rocket launchers, rocket propelled grenades (RPGs), anti tank weapons, anti aircraft weapons, and other light weapons. On the basis of application, the market has been segmented as military, law enforcement, and other applications.
Based on geography, global small arms and light weapons (SALW) cyber weapon market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Russia, and Rest of Europe. Asia-Pacific is segmented into China, India, South Korea, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key players operating in the market are General Dynamics Corporation, Sturm, Ruger & Company, Inc., SIG SAUER GmbH & Co., Glock Ges. m.b.H., Browning Arms Company, Beretta S.p.A., Lockheed Martin Corporation, FN Herstal S.A., Colt's Manufacturing Company LLC, and Heckler & Koch GmbH, among others.
The key takeaways from the report
- The report will provide detailed analysis of Small Arms and Light Weapons (SALW) Market with respect to major segments such as type, and application
- The report will include the qualitative and quantitative analysis with market estimation over 2015 - 2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Small Arms and Light Weapons (SALW) Market has been included in the report
- Profile of the key players in the Small Arms and Light Weapons (SALW) Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Small Arms and Light Weapons (SALW) Market
- Man-Portable Machine Guns
- Other Small Arms
- Grenade Launchers
- Rocket Launchers
- Rocket Propelled Grenades( RPGs)
- Anti Tank Weapons
- Anti Aircraft Weapons
- Other Light Weapons
- Law Enforcement
- Other Applications
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Middle East