Light Weapons Market Overview, Scope, Trends, Size, Comprehensive Analysis, Growth And Forecast 2023

 

Key Players:

The key players in the global light weapons market are Arsenal JSCo (Bulgaria), General Dynamics Ordnance & Tactical Systems (US), Heckler & Koch GmbH (Germany), Indian Ordnance Factories Organization (India), Lockheed Martin Corporation (US), NAMMO AS (Norway), Rafael Advanced Defense Systems Ltd. (Israel), Raytheon Company (US), Saab AB (Sweden), and Thales SA (France).

Light Weapons Market is estimated to register a CAGR of more than 4% during the forecast period of 2018 to 2023.

Market Highlights:


The global light weapons market has been segmented based on type, technology, mode of operation, end-user and region.

 

Based on type, the light weapons market is divided into heavy machine guns, light canons, grenade launchers, infantry mortars, recoilless weapons, man-portable anti-tank systems, man-portable air-defense systems, and other weapons. The man-portable anti-tank systems segment is estimated to account for the largest market share while the grenade launchers segment is projected to witness the highest CAGR during the forecast period. The man-portable anti-tank system comprises rocket launchers, rocket-propelled grenades (RPGs), among others. It offers more lethal and effective defense against almost all land-based vehicles as well as aircraft and helicopters flying at a low altitude.

Based on technology, the light weapons market is divided into guided and unguided. The guided segment is estimated to account for the largest market share while the unguided segment is projected to witness a higher CAGR during the forecast period. The unguided weapons are readily portable and can be easily operated by a single soldier. The unguided weapons include heavy machine guns, grenade launchers and others.

Based on mode of operation, the light weapons market is divided into crew-served and individual. The crew-served segment is estimated to account for the largest market share while the individual segment is projected to witness a higher CAGR during the forecast period. The individually operated weapons are typically shoulder-fired or hand-held. Nowadays due to technological advancements, light-weight and durable materials are being used to manufacture these weapons which enable them to be operated by an individual.

Based on end-user, the light weapons market is divided into defense and homeland security. The defense segment is estimated to account for the largest market share while the homeland security segment projected to witness a higher CAGR during the forecast period. The homeland security segment covers law enforcement agencies such as the police. Owing to various issues such as gang related violence, civil unrest, among others, the homeland security sector is widely procuring the light weapons nowadays.

Based on region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. In 2017, North America accounted for the largest market share, whereas, Asia-Pacific is projected to be the fastest-growing regional market during the review period. This growth can be attributed to the increase in indigenous weapon production in the Asia Pacific region. China, and India are key markets for light weapons in this region.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/light-weapons-market-7082

 

Comments

Post a Comment

Popular posts from this blog

GERD and NERD Treatment Market Rising Uptake Of Technology In Medical And Healthcare Sector To Boost Industry’s Growth Market 2019 Market Highlights: GERD & NERD Treatment Market Research Report- Americas forecast till 2023 growing continuously and is expected to grow at a CAGR of 4.02 % from 2017 to 2023. Heartburn is the burning sensation in the chest behind the breastbone that we feel when stomach acid refluxes back into the esophagus (food tube). Increasing prevalence of gastric diseases has increased the investment in GERD medication for research and development. This is expected to further drive the demand for gastroenteric drugs. Major players in GERD & NERD treatment market Some of the major players in this market are ( U.S.), GlaxoSmithKline Plc (U.K), Ironwood Pharmaceuticals, Inc. (U.S.), Jeil pharmaceutical Co. Ltd. (South Korea), Johnson & Johnson (U.S.), Mederi Therapeutics Inc. (U.S.), Medigus Ltd. (Israel), Medtronic Inc. (U.S.), Merck & CO.,...
Read more
Air Ambulance Services Market Size, Share, Trends, Application  Global Air Ambulance Services Market  Overview The Global Air Ambulance Services Market is expected to reach USD 11,456.3 million by 2024 at a CAGR of 2.95% during the forecast period. Air ambulance manufacturers are investing heavily in advanced technologies to reduce costs and improve turnaround time. For instance, 3D printing is dramatically changing the way structures and components of aircraft are currently designed and manufactured. It reduces the design constraints that engineers face when using conventional fabrication techniques. Furthermore, the ability to fabricate functional electronics into complex structures using 3D printing allows manufacturers to offer air ambulances that operate effectively in adverse conditions such as inclement weather, tsunamis, droughts, and cyclones. Global Air Ambulance Services Market  Segmental Analysis The global air ambu...
Read more

Satellite Communication (SATCOM) Market Outlook And Opportunities With Future Growth Scenario By 2027

  Market Forecast The satellite communication (SATCOM) market is projected to register a  CAGR of 8.44%  between  2021 and 2027 .   SATCOM is used for the transmission of information from one place to another with the aid of a satellite that orbits around the Earth. SATCOM is employed for a wide range of mobile applications, including communication to aircraft, ships, vehicles, and hand-held terminals, as well as for TV and radio broadcasting. The increasing deployment of small satellites, growing demand for high-speed Internet, and rising adoption of maritime VSAT are primarily driving the market's growth. Additionally, increasing demand for small form factor SATCOM solutions and frequent launches of military satellitesare driving the global market's growth. Globally, military spending has increased significantly in recent years. Factors such as ongoing conflicts in the Middle East & Africa, long-standing tensions, territorial disputes between ...
Read more