Small Arms and Light Weapons (SALW) Market Projected to Reach USD 28.06 Billion by 2032
Small Arms and Light Weapons (SALW) market is poised for steady growth, with projections indicating an increase from USD 23.39 billion in 2024 to USD 28.06 billion by 2032, reflecting a compound annual growth rate (CAGR) of 2.3% during the forecast period.
Request Sample Link for More Details:
https://www.maximizemarketresearch.com/request-sample/32461/
Market Definition and Estimation
Small Arms and Light Weapons (SALW) encompass a range of firearms and explosive devices designed for individual use or operation by small groups. These include pistols, rifles, machine guns, grenade launchers, and portable anti-aircraft and anti-tank systems. The market's estimated growth underscores the increasing demand for such weaponry across military and law enforcement sectors globally.
Market Growth Drivers and Opportunities
Several factors are propelling the growth of the SALW market:
Defense Modernization Programs: Many countries are investing in modernizing their armed forces, leading to increased procurement of advanced SALW systems.
Urban Warfare and Crime Rates: The rise in urban conflicts and crime rates has necessitated the adoption of SALW by law enforcement agencies to ensure public safety.
Counter-Drug Trafficking Measures: Efforts to combat drug trafficking have led to increased demand for SALW among security forces.
Segmentation Analysis
The SALW market is segmented based on type and application:
By Type:
Small Arms: Includes pistols, rifles, handguns, shotguns, and man-portable machine guns.
Light Weapons: Encompasses landmines, mortars, grenade launchers, rocket launchers, rocket-propelled grenades (RPGs), anti-tank weapons, and anti-aircraft weapons.
By Application:
Military: The primary segment, driven by defense modernization and increased military engagements.
Law Enforcement: Growing due to rising crime rates and the need for effective policing tools.
Others: Includes private security and civilian use, subject to regional regulations.
Country-Level Analysis
United States: As part of North America, which held a significant market share in 2024, the U.S. continues to invest heavily in defense and law enforcement, driving SALW demand.
Germany: Representing a key market in Europe, Germany's focus on modernizing its military and addressing security challenges contributes to the region's leading position in the SALW market.
Competitive Landscape
Key players in the SALW market include:
General Dynamics Corporation
Heckler & Koch GmbH
Sturm, Ruger & Company
FN Herstal, S.A.
Colt's Manufacturing Company LLC
SIG Sauer GmbH & Co.
Lockheed Martin Corporation
Carl Walther GmbH
Beretta S.p.A
Browning Arms Company
GLOCK Ges.m.b.H.
Raytheon
PLR Systems Pvt Ltd
BSS Materiel Limited
Explosive Risk Solutions
Starlight Specialist Procurement
These companies are focusing on technological advancements, strategic partnerships, and expanding their global footprint to maintain competitiveness.
Conclusion
Related report:
Managed it infrastructure services market:
https://www.maximizemarketresearch.com/market-report/managed-it-infrastructure-services-market/211005/
Substation market:
https://www.maximizemarketresearch.com/market-report/substation-market/210081/
About Us
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
MAXIMIZE MARKET RESEARCH PVT. LTD.
2nd Floor, Navale IT park Phase 3,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com
Locked
