Global Light Weapons Market Overview:
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. According to AMA, the Global Light Weapons market is expected to see growth rate of 5.1%
- Changing Nature of Warfare around the Globe
- Low Cost of Weapons
- Growing Drug Trafficking
- Growing Demand by Citizens for Light Weapons
- Strict Regulation Policies and Licensing Process
- Increasing Demand for Anti-Tank Guided Weapons
- Adaptation of Laser Technology
- Illegal Trading Of Light Weapons
In February 2019, BAE Systems Plc. has announced that it has been awarded with a USD 74.7 million United States Army contract to design, construct as well as commission a new facility which will improve production efficiency & modernize energetics manufacturing at the installation. The construction of the Recrystallization as well as Slurry Coating Formulation facility at the Holston Army Ammunition Plant (HSAAP) is likely to play an important part in the manufacturing process of various products which supports the military as well as is one of several multi-year United States Army-driven modernization requirements for the installation.
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Denel Dynamics (South Africa), Rheinmetall AG (Germany) and Textron Inc (United States). Analyst at AMA Research see German, United Kingdom, and United States Manufacturers to retain maximum share of Global Light Weapons market by 2026. Considering Market by Technology, the sub-segment i.e. Guided Weapons Technology will boost the Light Weapons market.
What Can be Explored with the Light Weapons Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Light Weapons Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Light Weapons
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Light Weapons market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Light Weapons market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes 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.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.