Small Arms Industry Share, Size, Growth Global Growth ,Trends-2023

 

Small Arms Market is estimated to register a CAGR of nearly 4% during the forecast period of 2018 to 2023.

Key Players

The key players in the global small arms market are Accuracy International Ltd. (UK), American Outdoor Brands Corporation (US), Beretta Holding SpA (Italy), Colt's Manufacturing Company, LLC (US), Glock Ges.m.b.H. (Austria), Heckler & Koch GmbH (Germany), Herstal SA (Belgium), Remington Outdoor Company (US), Steyr Arms GmbH (Austria), and Sturm, Ruger & Co., Inc. (US).

Market Highlights

The global small arms market has been segmented based on type, barrel, operation, end-user, and region.

Based on type, the small arms market is divided into handguns, shotguns, machine guns, and rifles & others. The handguns segment is further divided into pistols and revolvers. The rifles segment is estimated to account for the largest market share and is projected to witness the highest CAGR during the forecast period owing to the increasing civilian procurement of rifles for hunting and sporting activities. Furthermore, sniper and assault rifles are widely being procured by military and law enforcement agencies, for combat against terrorism, armed violence, and disrupting other criminal activities.

Based on barrel, the small arms market is divided into rifled-bore and smooth-bore. The rifled-bore is estimated to account for the largest market share and is projected to witness a higher CAGR during the forecast period. According to ARES 2016, rifling refers to the internal geometry, typically either spiral grooves or polygonal faces inside the bore which engage the projectile and cause it to rotate as it is accelerated up the barrel. This rotation imparts gyroscopic stability to the projectile, ensuring that it flies accurately and point first.

Based on operation, the small arms market is divided into manually-operated firearm and self-loading firearm. The self-loading firearm segment is further divided into semi-automatic firearm and automatic firearm. The self-loading firearm segment is estimated to account for the largest market share and is projected to witness a higher CAGR during the forecast period as all these systems doesn’t require the shooter to physically manipulate one or more components of the fire the weapon. Self-loading firearms include a wide variety of operating mechanisms such as recoil-operated, gas-operated, among others.

Based on end-user, the small arms market is divided into armed forces, law enforcement, sporting & hunting, and civilian self-defense. The armed forces segment is estimated to account for the largest market share while the sporting & hunting segment projected to witness the highest CAGR during the forecast period owing to the increasing procurement of small arms by sporting enthusiasts for applications such as target shooting, hunting, among others.

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 small arms in this region.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/small-arms-market-7202

 

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