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Global Light Weapons Market Share, Size, Trends, Growth, Analysis Forecast: By Type: Heavy Machine Guns (HMGs), Grenades and Grenade Launchers, Mortars, Man-portable Anti-tank Systems (MANPATS), Man-portable Air Defense Systems (MANPADS), Others; By Guidance; By Application; Regional Analysis; Competitive Landscape; 2023-2028
Global Light Weapons Market Outlook
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.
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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. In 2022, it was reported that UK ordered thousands of anti-tank weapons to reinforce their stock. The deal was finalised with Saab. Asia, North America, and Europe are likely to be significant markets.
Global Market Likely to be Driven by Growing Demand for Military Equipment
Broadly, light weapons refer to man-portable lethal weapons that launch, are devised to launch or expel, or are capable of being converted to launch or expel a bullet, projectile or shot through an explosive. Generally speaking, light weapons are fashioned to be used by two or more individuals functioning as a crew; some might be used and carried by one individual. Many nations today are looking to modernize and strengthen their military power in light of global threats, leading to increased demand for military equipment that is expected to boost the global light weapons market.
Advantages of Light Weapons Expected to Boost Market Growth
Advantages of light weapons include:
Wide Availability and Low Cost – Light weapons may be produced with the help of relatively less sophisticated technology. Further, light weapons are widely used by military and police forces, and there are many suppliers across the globe.
Increased Lethality – Light weapons are becoming increasingly sophisticated, enhancing the ability of military and police forces. Modern technology has enhanced the firepower of shoulder-fired rockets, mortars and light anti-tank weapons.
Durability and Simplicity – Light weapons are relatively easy to maintain and use, need little maintenance, and stay operational for several years. Further, little training is needed to use such weapons effectively.
Portability and Concealability – Light weapons may be carried by a single soldier or in a light vehicle, and readily transported to areas of conflict.
Light weapons are particularly useful to paramilitary and irregular forces, forces with limited technical and financial means and relatively less professional military training, and those operating in remote and distant regions.
Such advantages are expected to drive the global light weapons market.
Market Segmentation
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By type, the market is segmented into:
- Grenades and Grenade Launchers
- Heavy Machine Guns (HMGs)
- Man-portable Anti-tank Systems (MANPATS)
- Mortars
- Man-portable Air Defense Systems (MANPADS)
- Others
By guidance, the global light weapons market is divided into:
- Guided (further broken down by guided type as given below)
- Laser Guided
- Infrared Guided
- Satellite Guided
- Others
- Unguided
By application, the market is classified into:
- Defence
- Homeland Security
By region, the market is divided into:
- Middle East and Africa
- Europe
- North America
- Asia Pacific
- Latin America
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Key Industry Players in the Market
The report comprehensively assesses key players in the global light weapons market; it gauges their capacity and monitors newest happenings like mergers and acquisitions, capacity expansions, and plant turnarounds:
- Raytheon Technologies Corporation
- Saab AB
- Thales Group
- Heckler & Koch GmbH
- Rheinmetall AG
- Northrop Grumman Corporation
- ARSENAL JSCo
- FN Herstal
- Others
Employing Porter’s Five Forces model and SWOT analysis, the EMR report offers deep insights into the industry.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Guidance |
|
| Breakup by Application |
|
| Breakup by Region |
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| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Light Weapons Market Analysis
8.1 Key Industry Highlights
8.2 Global Light Weapons Historical Market (2018-2022)
8.3 Global Light Weapons Market Forecast (2023-2028)
8.4 Global Light Weapons Market by Type
8.4.1 Heavy Machine Guns (HMGs)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Grenades and Grenade Launchers
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Mortars
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Man-portable Anti-tank Systems (MANPATS)
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Man-portable Air Defense Systems (MANPADS)
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Light Weapons Market by Guidance
8.5.1 Guided
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.1.4 Breakup by Guided Type
8.5.1.4.1 Laser Guided
8.5.1.4.2 Infrared Guided
8.5.1.4.3 Satellite Guided
8.5.1.4.4 Others
8.5.2 Unguided
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Light Weapons Market by Application
8.6.1 Defence
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Homeland Security
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Light Weapons Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Light Weapons Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Light Weapons Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Light Weapons Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Light Weapons Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Light Weapons Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Saab AB
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Raytheon Technologies Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Northrop Grumman Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Thales Group
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Heckler & Koch GmbH
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Rheinmetall AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 ARSENAL JSCo
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 FN Herstal
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Light Weapons Market: Key Industry Highlights, 2018 and 2028
2. Global Light Weapons Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Light Weapons Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Light Weapons Historical Market: Breakup by Guidance (USD Million), 2018-2022
5. Global Light Weapons Market Forecast: Breakup by Guidance (USD Million), 2023-2028
6. Global Light Weapons Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Light Weapons Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Light Weapons Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Light Weapons Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Light Weapons Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Light Weapons Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Light Weapons Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Light Weapons Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Light Weapons Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Light Weapons Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Light Weapons Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Light Weapons Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Light Weapons Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Light Weapons Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Light Weapons Market Structure.
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.3% between 2023 and 2028.
The major drivers of the market are growing demand for military equipment, increasing terrorism, and ongoing regional conflicts.
The key trends guiding the growth of the market include technological advancements, increasing demand for lightweight vehicles, and increasing adoption of smart weapons.
The major regions in the light weapons market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Various types of light weapons are heavy machine guns, grenades and grenade launchers, mortars, man-portable anti-tank systems (MANPATS), and man-portable air defence systems (MANPADS), among others.
The segmentation of the market based on guidance is into guided and unguided, with guided further divided by type into laser guided, infrared guided, and satellite guided, among others.
The primary applications of light weapons are defence and homeland security.
The major players in the market are Saab AB, Raytheon Technologies Corporation, Northrop Grumman Corporation, Thales Group, Heckler & Koch GmbH, Rheinmetall AG, ARSENAL JSCo, and FN Herstal, among others.
Light weapons are infantry portable weapons that are usually handled by two or more people and are used to shoot explosive ammunitions.
Small arms are weapons that can be used individually while light weapons are used by more than one person working together.
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