Global Small Arms Market Report 2021: Market to Reach $10.32 Billion by 2028 - Demand for Assault Rifles to Rise Due to Their Versatile Functional Capabilities

Small arms, which include handguns, rifles, and light machine guns, play an important part in conflicts, crime, and violence around the world. These weapons are portable and easily accessible, and they have deadly consequences for individuals, communities, and nations. Despite efforts to curb their proliferation, tiny weapons continue to be a major global concern. The influence of tiny guns and the issues related with their management and regulation are discussed in this article.

The global small arms market size is expected to reach USD 10.32 Billion at a steady CAGR of 2.3% in 2028, according to latest analysis by Emergen Research. Rise in terrorist activities and increase in cross-border security are some key factors driving market revenue growth. Increasing need for deployment of military personnel at military bases and sensitive locations and infrastructure and international borders and rising focus on modernization of weapons and ammunition are other key factors fueling growth of the global small arms market.

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Surge in domestic violence and crimes coupled with implementation of various arms laws that permit possession of certain weapons among civilian for self-defense purposes is propelling growth of the market. Domestic violence is a global issue that affects 35% of women worldwide. There are more than 5,000 honor-killing cases reported annually, while experts believe the actual numbers are much higher. Increasing incidence or robberies, burglaries, and bank heists, as well as kidnapping attempts in various developed and developing countries are some other key factors resulting in rising need for personal weapons for self-defense and safety purposes.

Moreover, surge in participation in shooting sports is also positively impacting market growth. Rising demand for high precision, lightweight, and compact weapons at these events is expected to continue to propel growth of the market going ahead. Increase in demand for weapons for self-defense and upsurge in political instability is various countries is further fueling growth of the market. Trade of small arms are playing a crucial role in economies of countries with civil wear situations, and where need for increasing security personnel is crucial. Rising incidence of drug trafficking and terrorist activities, changing nature of warfare, and development of modern warfare is further driving growth of small arms market. Adoption of noise suppression technology, laser technology, lighter materials, and smart manufacturing concept will offer growth opportunities for players operating in the small arms market.

Some players analyzed in the report are:

Smith & Wesson, Israel Weapons Industry, Kalashnikov Group, Colt’s Manufacturing LLC, Sturm, Ruger & Co., Inc., GLOCK Ges.m.b.H, Lockheed Martin Corporation, Raytheon, General Dynamics Corporation, and Carl Walther GmbH.

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Segments Covered in the Report:

Emergen Research has segmented the global small arms market on the basis of type, caliber, technology, action, end-use, and region:

Type Outlook (Revenue, USD Billion; 2018–2028)

• Revolver
• Pistol
• Shotgun
• Rifles
• Machine Gun
• Others

Caliber Outlook (Revenue, USD Billion; 2018–2028)

• 9 mm
• 56 mm
• 62 mm
• 7 mm
• 5 mm
• Others

Technology Outlook (Revenue, USD Billion; 2018–2028)

• Guided
• Unguided

Action Outlook (Revenue, USD Billion; 2018–2028)

• Automatic
• Semi-automatic

End-use Outlook (Revenue, USD Billion; 2018–2028)

• Defense

1. Military
2. Law Enforcement

• Civil & Commercial

1. Hunting
2. Sporting
3. Self-defense
4. Others

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The report further divides the Small Arms market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Small Arms market.

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Control and Regulation Challenges:

1. Small-arms concerns necessitate a multifaceted strategy that includes international cooperation, legislative measures, and community engagement. However, significant impediments to effective control and regulation exist:
2. The illicit arms trade, which includes the unlawful production, transfer, and circulation of small guns, thrives as a result of lax law enforcement, corruption, and permeable borders. These factors contribute to the continuous availability of firearms to non-state actors and criminals, hence sustaining violence and insecurity.
3. Inadequate or obsolete guns regulation in various nations allows for legal gaps that allow for the illegal acquisition and ownership of small arms. Strengthening national laws and putting in place solid systems for firearm registration, licencing, and tracing are critical steps towards limiting the availability of deadly weapons.
4. Border Security and Transnational collaboration: Controlling the flow of small guns necessitates increased border security and international collaboration. Sharing intelligence, tightening customs inspections, and establishing regional initiatives can all help to reduce the unlawful cross-border trafficking of firearms.
5. Community-Based Initiatives: It is critical to involve local communities in the prevention and reduction of small weapons violence. Programmes that raise awareness, promote disarmament, and create alternative livelihoods can help to ensure long-term stability and resilience.

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Drivers:

A variety of variables contribute to the expansion of the small arms market. Military spending is one of the key drivers, as nations invest in equipping their armed forces with cutting-edge weaponry and modernising their defence capabilities. Furthermore, law enforcement agencies are constantly seeking to improve their armaments in order to combat evolving security threats. The growing concern about terrorism and organised crime has increased the demand for small guns among security services around the world.

Restriction:

While the small arms market offers profitable potential, it also confronts a number of constraints. Stricter rules and arms control treaties, such as the Arms Trade Treaty (ATT), try to limit the spread of small arms and keep them out of illicit markets. Concerns about human rights breaches and the possibility of weapons falling into the hands of the wrong people have also heightened scrutiny and accountability for makers and suppliers.

Growth factors:

Several growth drivers influence the small arms market. Technological advances, such as the development of smart weaponry and integrated systems, have opened up new avenues for manufacturers to fulfil the changing needs of defence and security forces. Furthermore, the increased emphasis on non-lethal weaponry and less-lethal ammunition has stimulated innovation and investment in this industry. Growing awareness of gender-specific weapon needs, as well as the demand for lighter, more ergonomic weapons, are driving market expansion.

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