This new report from Stratview Research analyses the Light Weapons Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Light Weapons Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Light Weapons Market is no different. Derived from the previous market scenario, the Light Weapons Market is likely to witness an impressive CAGR of 5.6% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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Market Share Analysis
Light Weapons Market Share: By Type
Based on the type, the market is segmented as anti-tank guided weapons, anti-aircraft missiles, rocket launchers, man-portable air defense systems, heavy machine guns, light cannons, recoilless rifles, grenade launchers, mortars, and rocket-propelled grenades. The anti-tank guided weapons dominated the market in 2018. The increasing demand for guided weapons drives the growth of this segment in the coming five years. The grenade launchers segment is estimated to be the fastest-growing segment during the forecast period. The incessant requirement in the armed forces influences the growth of this segment.
Light Weapons Market Share: By End-User Type
Based on the end-user type, the market is segmented as military and homeland security. The military segment is expected to register a higher growth during the forecast period. The rising defense budget of some of the prominent economies is driving the growth of this segment.
Click below to run through the detailed ToC of the report:
Light Weapons Market Share: By Region
In terms of regions, North America dominated the light weapons market and is expected to retain its dominance in the coming five years. The market is sustained by the rising demand for light weapons from emerging economies. Asia-Pacific is also projected to offer substantial growth opportunities during the forecast period. China, India, and the Middle East are the growth engines of the region. The growing defense budget is a major factor that sustains the growth of the market for light weapons in this region.
Light Weapons Market: Key Players
Some of the light weapon manufacturers are The Raytheon Company, Lockheed Martin, BAE Systems, Rafael Advanced Defense Systems, Elbit Systems, Thales Group, and Saab AB.
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About Stratview Research
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