The report on the Light Weapons Market published by Stratview Research covers in depth details associated with the Light Weapons Market.
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The Light Weapons Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the Light Weapons Market is its superior thermal conductivity property leading to its wide usage in a wide array of industries.
Key Players
The following are the key players in the Light Weapons Market:
The Raytheon Company
Lockheed Martin
BAE Systems
Rafael Advanced Defense Systems
Elbit Systems
Thales Group
Saab AB.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Light Weapons Market value and growth drivers over the trend period of 2022-27. According to the report –
Light Weapons Market is likely to witness an impressive CAGR of 5.2% during the forecast period. The growing lethality and the sophisticated progressions in light weapons drive the market globally.
Segment Analysis:
Based On Type:
Based on the type, the market is segmented as anti-tank guided weapons, anti-aircraft missiles, rocket launchers, man-portable air defense systems, heavy machine guns, light cannons, recoilless rifles, grenade launchers, mortars, and rocket-propelled grenades. The anti-tank guided weapons dominated the market in 2018. The increasing demand for guided weapons drives the growth of this segment in the coming five years. The grenade launchers segment is estimated to be the fastest-growing segment during the forecast period. The incessant requirement in the armed forces influences the growth of this segment.
Based on Region:
In terms of regions, North America dominated the light weapons market and is expected to retain its dominance in the coming five years. The market is sustained by the rising demand for light weapons from emerging economies. Asia-Pacific is also projected to offer substantial growth opportunities during the forecast period. China, India, and the Middle East are the growth engines of the region. The growing defense budget is a major factor that sustains the growth of the market for light weapons in this region.
Critical Questions Answered in the Report
- What are the key trends in the Light Weapons Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on Light Weapons Market?
- What are the key strategies adopted by the major vendors to lead in the Light Weapons Market?
- What is the market share of the top vendors?
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