small arms market

Small Arms Market2020 -2027

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The global small arms market size is expected to reach USD10.32 Billion at a steady CAGR of 2.3% in 2028, according tolatest analysis by Emergen Research.

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The global small arms market size is expected to reach USD 10.32 Billion at a steady CAGR of 2.3% in 2028, according to

latest analysis by Emergen Research. Rise in terrorist activities and increase in cross-border security are some key factors

driving market revenue growth. Increasing need for deployment of military personnel at military bases and sensitive

locations and infrastructure and international borders and rising focus on modernization of weapons and ammunition are

other key factors fueling growth of the global small arms market.

Moreover, surge in participation in shooting sports is also positively impacting market growth. Rising demand for high

precision, lightweight, and compact weapons at these events is expected to continue to propel growth of the market going

ahead. Increase in demand for weapons for self-defense and upsurge in political instability is various countries is further

fueling growth of the market. Trade of small arms are playing a crucial role in economies of countries with civil wear

situations, and where need for increasing security personnel is crucial. Rising incidence of drug trafficking and terrorist

activities, changing nature of warfare, and development of modern warfare is further driving growth of small arms market.

Key players in the market - Smith & Wesson, Israel Weapons Industry, Kalashnikov Group, Colt’s Manufacturing LLC, Sturm,

Ruger & Co., Inc., GLOCK Ges.m.b.H, Lockheed Martin Corporation, Raytheon, General Dynamics Corporation, and Carl

Walther GmbH.

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Market Summary

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Some Key Highlights From the Report

1. In May 2020, FN America, LLC announced its contract to supply M16A4 carbines to the U.S. army for five years at a firm-fixed-price Foreign Military Sales (FMS). The contract has a potential to reach USD 383 million.

2. Shotguns are used for small and fast moving targets, often while they are in the air. This type of weapon is most commonly used in sporting and hunting, and is popular for rabbit and small animal, and bird hunting. Use of smoothbore shotgun with a rifled barrel slug improves accuracy to 100 m or more, and this is a popular option, which is driving demand for and revenue growth of the shotgun segment.

3. Semi-automatic weapons are a civilian version of military machine guns, and is less capable of rapid fire. Even though the forearm reloads automatically, users must pull the trigger to fire another round. Pistols, shotguns, and rifles are semi-automatic weapons. Self-loading rifles provides the possibility of increasing the number of effective shots fired at a given time.

4. The defense segment accounted for the largest revenue share in 2020 due to increase in defense budget in countries across the globe and modernization programs of military forces. Surge in cross border drug trafficking activities will also fuel growth of the defense segment going ahead. Rising incidence of domestic violence is also expected to continue to drive demand for small arms among law enforcement agencies.

Market Summary

Emergen Research has segmented the global Small Arms Market on the basis of product type, form type, end user and region:

Type Outlook (Revenue, USD Billion; 2018–2028)RevolverPistolShotgunRiflesMachine GunOthers

Caliber Outlook (Revenue, USD Billion; 2018–2028)9 mm56 mm62 mm7 mm5 mmOthers

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Market Summary

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Emergen Research has segmented the global Small Arms Market on the basis of product type, form type, end user and region:

Technology Outlook (Revenue, USD Billion; 2018–2028)GuidedUnguided

Action Outlook (Revenue, USD Billion; 2018–2028)AutomaticSemi-automatic

End-use Outlook (Revenue, USD Billion; 2018–2028)Defense

MilitaryLaw Enforcement

Civil & CommercialHuntingSportingSelf-defenseOthers

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Market Summary

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MARKET

SEGMENTATION

Parameter Details

Market Size Estimation Period 2020-2028

Base Year Considered 2020

Historical Data 2017-2019

Forecast Period 2021-2028

Quantitative Units Revenue in USD million & CAGR from 2020 to 2028

Segments Covered Types, Application, End-Users, Regions & more.

Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil

Report CoverageRevenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends

Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Customization Scope 10 hours of free customization & expert consultation

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