The Small
Arms Light Weapons (SALW) Market report
discusses the primary market growth drivers and challenges that the vendors and
the market as a whole face and provides an overview of the key trends emerging
in the market. It also talks about the market size of different segments and
their growth aspects along with key leading countries in Americas,
Asia-Pacific, Europe, the Middle East, and Africa regions.
The global
small arms light weapons (SALW) market is expected to value at USD 25.76
billion by 2024. The market is subject to witness a substantial growth due to
the growing concerns related to human rights, safety, and security. Increase in
the number of intense crimes and increasing demand from defense &military
sector are expected to drive the market growth of small arms light weapons.
Globally, the small arms light weapons industry is predicted to grow at higher
CAGR in the forecast period, providing numerous opportunities for market
players to invest for research and development in the market.
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Some of the
major objectives of this report:
1. To provide
detailed analysis of the market structure along with forecast of the various
segments and sub-segments of the global Small Arms Light Weapons (SALW) Market.
2. To provide
insights about factors affecting the market growth. To analyze the Small Arms
Light Weapons (SALW) Market based on various factors- price analysis, supply
chain analysis, porter five force analysis etc.
3. To provide
historical and forecast revenue of the Small Arms Light Weapons (SALW) Market
segments and sub-segments with respect to four main geographies and their
countries- North America, Europe, Asia, and Rest of the World.
4. Country
level analysis of the market with respect to the current market size and future
prospective.
5. To provide
country level analysis of the market for segment by application, product type
and sub-segments.
6. To provide
strategic profiling of key players in the market, comprehensively analyzing
their core competencies, and drawing a competitive landscape for the market.
7. Track and
analyze competitive developments such as joint ventures, strategic alliances,
mergers and acquisitions, new product developments, and research and
developments in the global Small Arms Light Weapons (SALW) Market.
However,
several environmental and government protocols, reduction in defense expenses
by developed countries due to numerous peace initiatives and challenges from
many human rights protestors are key factors obstructing the market progress.
Factors responsible for sustained market growth for small arms light weapons
market include prevalence of domestic violence, organized crimes, and drugs
trafficking.
The small arms
light weapons (SALW) industry is classifies into two types based on product
type such as small arms and light weapons. The small arms market is further
sub-categorized into pistols, rifles, revolvers, shotguns, and man-portable
machine guns. Small arms are particularly manufactured for the individual use,
while light weapons are designed such that more than one person can operate
these weapons. Some of the light weapons include landmines, mortars, grenades
launchers, rocket launchers, rocket-propelled grenades, anti-tank weapons, and
anti-aircrafts. Other factors such as increasing investment for research and
development for advanced small & light weaponry sector, and rising defense
expenses of developing countries, are advancing the market progress.
Asia-Pacific
region is predicted to hold major market share in the small arms light weapons
(SALW) market with massive growth in forecast period. Countries such as India,
China and Singapore are leading the Asia-Pacific market with growing terrorist
activities in the region, rising defense expenditure, growing concerns related
to human rights, safety and security, and significant investment by leading
industry players considering potential growth opportunities in the region.
The key
players in the SALW industry are GLOCK GmbH., FN Herstel S.A., Berette S.p.A.,
Colt’s Manufacturing Company LLC, Lockheed Martin Co., Raytheon, Inc., General
Dynamics Co., Smith & Wesson Holding Co., SIG Sauer & Co., and Carl
Walther GmbH.
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