Small arms and Light Weapons Market By Type (Small Arms (Pistols, Rifles, Handguns, Shotguns, Man-portable machine guns, Others)), Light Weapons (Landmines, Mortars, Grenade Launchers, Rocket Launchers, Rocket Propelled Grenades (RPGs), Anti-Tank Weapons, Anti-Aircraft Weapons, Others), Application (Military, Law Enforcement, Others), Industry Trends, Estimation & Forecast, 2017 - 2025

Market Overview:

Small arms and Light Weapons (SALW) refers to two different categories of weapons. Small arms refer to the weapons designed solely for individual use whereas, light weapons include arms designed to be used by a crew of two or three persons. The market is projected to grow impressively owing to various factors. There are an estimated 875 million small arms in circulation worldwide, produced by more than 1,000 companies from nearly 100 countries.

Small arms and Light Weapons Market Determinants

A rapid increase in the urban warfare and personal safety has emerged out as the prime factor driving the growth of SALW market. Further, modernization of the police force and increasing applications of SALW as an effective measure for drug trafficking is also supposed to stimulate the market growth. For example, in 2013, the government of Philippines in an attempt to modernize its local police, announced the procurement of a total of 74,879 modern side arms and 30,253 basic rifles which will be issued to rural frontline units nationwide. Issues related to defense budgets and impact of firearm legislations might hinder the market growth.

Small arms and Light Weapons Market Segmentation

By Type • Small Arms o Pistols o Rifles o Handguns o Shotguns o Man-portable machine guns o Others • Light Weapons o Landmines o Mortars o Grenade Launchers o Rocket Launchers o Rocket Propelled Grenades (RPGs) o Anti-Tank Weapons o Anti-Aircraft Weapons o Others By Application • Military • Law Enforcement • Others By Geography • North America • Europe • APAC • Rest of the World