Small Arms and Light Weapons (SALW) Market Growth and Status Explored in a New Research Report (2021 – 2026) – FLA News
According to a new market report from Transparency Market Research “Small arms and light weapons (SALW) market – Global industry analysis, size, share, growth, trends and forecast 2015-2023“The small arms and light weapons market was valued at $ 15.75 billion in 2014 and is estimated at a CAGR of 3.8% and will reach $ 22.12 billion by 2023.
The modernization of the police force is one of the main drivers of the growth of small arms and light weapons (SALW). Due to rising crime rates, various governments have increasingly focused on modernizing their police forces. In addition, various defense equipment modernization programs carried out in different countries have also had a positive impact on small arms and light weapons (SALW). The increase in urban warfare is another factor that is expected to drive demand for small arms and light weapons (SALW) over the forecast period. Small arms and light weapons are best for countering attacks in situations where carpet bombs cannot be used and close encounters occur. In addition, measures taken by various countries to combat drug trafficking are another factor that has led to increased demand for small arms and light weapons (SALW). Overall, these factors are likely to have a positive impact on the growth of the small arms and light weapons (SALW) market in the forecast period from 2015 to 2023.
Browse the full Small Arms and Light Weapons (SALW) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015-2023 Report at https://www.transparencymarketresearch.com/small-arms-light-weapons-market.html
The small arms and light weapons (SALW) market has been divided into two segments by type, namely small arms and light weapons. The small arms segment has been further broken down into six types: pistols, rifles, handguns, shotguns, portable machine guns, and others. The light weapons market has been divided into eight categories: land mines, mortars, grenade launchers, rocket launchers, rocket grenades (RPGs), anti-tank weapons, anti-aircraft weapons, and others.
Applications divide the market into military, law enforcement, and others. The military segment held the largest market share and accounted for more than 50% in 2014. Defense modernization programs are one of the main drivers of small arms and light weapons (SALW) demand in the military sector.
By geography, the global Small Arms and Light Weapons (SALW) Market has been segmented into four regions. North America, Europe, Asia Pacific and Rest of the World (RoW). The rest of the world (RoW) was further subdivided into the Middle East as well as Africa and South America. In 2014, Europe was the largest small arms and light weapons (SALW) market, accounting for more than 30%. The European market was closely followed by the North American market and took second place in 2014.
Some of the key players in the market are Hecker & Koch GmBH, General Dynamics Corporation, FN Herstal, SA, Sturm, Ruger & Company, Inc., SIG SAUER GmbH & Co., Colts Manufacturing Company LLC, Carl Walther GmbH, Lockheed Martin Corporation, Glock Ges. MbH, Browning Arms Company and Beretta SpA among others.
This report provides a comprehensive highlight of the global Small Arms and Light Weapons (SALW) market, along with the market values in terms of revenue for the forecast period from 2015 to 2023. Furthermore, the market has been segmented by types and applications. The cross-sectional analysis of the Small Arms and Light Weapons (SALW) market across four geographic regions has also been included in the scope of the report.
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The global small arms and light weapons (SALW) market has been segmented as follows:
Global Small Arms and Light Weapons (SALW) Market, by type
- Little arms
- Machine guns that can be carried by humans
- Light weapons
- Land mines
- Grenade launcher
- Rocket launcher
- Rocket grenades (RPGs)
- Anti-tank weapons
- Anti-aircraft weapons
Global Small Arms and Light Weapons (SALW) Market, By Application:
Global Small Arms and Light Weapons (SALW), by geography: The market is roughly divided geographically into:
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of the Asia Pacific
- rest of the world
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Middle East and Africa
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