Top 6 Companies Leading the Global Light Weapons Market

Saab AB, Raytheon Technologies Corporation, Northrop Grumman Corporation, Thales Group, Heckler & Koch GmbH, and Rheinmetall AG, among others, are major players in the global light weapons market. Other significant names include ARSENAL JSCo, FN Herstal, and others.

The global light weapons market would likely grow at a CAGR of 5.3% during 2023-2028. Nations today are moving to modernize and strengthen their military power in light of global threats. Demand for military equipment is growing. Governments are introducing policies to enable public and private sector companies to grow into international players. Countries like India are signing pacts with other major nations to strengthen their military might.

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Top 6 Companies in the Global Light Weapons Market

Saab AB

A leading international defence and security company, Saab AB specializes in aeronautics, civil security, defence, IT, engineering, and cyber security. The company serves Military, defence and civil security markets through its solutions, services, and products. 

Raytheon Technologies Corporation

Raytheon Technologies Corporation is an aerospace and defence company providing sophisticated services and systems for military, commercial, and government customers across the globe. The company has over 170,000 employees. The company specializes in aerospace, advanced sensors, avionics, air and missile defence systems, aerostructures, command and control systems, aircraft engines and auxiliary power units, defence, cyber and software solutions, mechanical systems, digital, precision weapons, power controls, radars, program management, scientific research, space, software development, technology, and training.

Northrop Grumman Corporation

Northrop Grumman Corporation specializes in information technology, engineering, military, electronics, software engineering, systems engineering, manufacturing, supply chain, aerospace, logistics, defence, c4isr, unmanned systems, cyber security, directed energy, advanced electronics, and space. It is an international aerospace, defence and security company. The company chiefly works with the U.S. government, and delivers solutions to international and commercial customers.

Thales Group

Thales Group is an international technology company with over 80,000 employees across five continents. It has five vertical markets — defence and security, digital identity and security, space, aerospace, and transport. 

Heckler & Koch GmbH

Heckler & Koch GmbH specializes in small arms manufacturing for law enforcement, commercial, and military markets. 

Rheinmetall AG

Rheinmetall AG is a key provider of innovative defence and security products for armed and security forces, as well as for civil applications.