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Small Arms and Light Weapons Market to Grow from USD 23.39 Billion in 2024 to USD 28.06 Billion by 2032, at a 2.3% CAGR
Market Estimation & Definition And so on....
The Small Arms and Light Weapons (SALW) Market Size Report 2024-2032 Small Arms Light Weapons – Market OutlookThe Small Arms and Light Weapons (SALW) market size was valued at USD 23.39 billion in 2024 and is anticipated to grow at a significant CAGR of 2.3% shall garner approximately USD 28.06 billion by 2032. You did not excerpt the part of SALWs-salw definition (SALWs are portable weapons that are easy to use and lend themselves to use in the military and law enforcement sectors.) These comprise a collection of weapons that can be pistols, rifles, machine guns and grenade launchers for close combat and urban warfare.
Growth of the Market and Driving Factors & Opportunities
The demand for SALWs is increasing on account of a number of factors the major among them are defence modernization programs, urban warfare and above all the need for governments to pay more attention to establishing effective police forces in response to higher levels of crime. The rising drugs and terrorism also made the need for law enforcement equipment high. Further, it is anticipated that ongoing modernization initiatives, particularly in developing parts of the world, will continue to fuel demand as countries look to improve the strength of their defense and security forces.
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Segmentation Analysis
The subcategories of the SALW market with this context are as follows: By type, By application, By region:
Segmented by Type, the market covers Small arms (pistols, rifles, handguns, shotguns and man-portable machine guns) and Light weapons (landmines, mortars, grenade launchers, rocket launchers, RPGs, anti-tank and anti-aircraft weapons).
Application based market, ranges from Military, Law Enforcement (Government) to Industrial (Commercial), where Military occupies the first market share. The burgeoning demand for this segment is mainly due to the ongoing defense modernization programs worldwide.
Country-level Analysis
USA: The US is still the single biggest market for SALWs, fueled by military expenditure and the neverending drive to innovate military technologies.
Germany: Germany's robust military placing and ongoing modernization applications will certainly contribute to the market growth.
China: (Commercial demand: Defense and border securityÊ are increasingly enfolding SALW demand asÊ the armed forces modernize.)
India: The growing defense budget and rising security concerns in the region have resulted in increased procurement of SALWs for both military as well as law enforcement agencies.
Middle East & Africa: The demand for SALWs is mainly driven by the security challenges and conflicts in this region resulting in increased need for defense and counterterrorism efforts
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Competitor Analysis
Some of the major players involved in the SALW market are General Dynamics Corporation, Heckler & Koch GmbH, Sturm, Ruger & Company, FN Herstal S.A., Colt’s Manufacturing Company LLC. These organizations depend on technological advancement, expansion of product portfolios and gaining traction through strategic partnerships, to grow themselves into better positioning within the market. Recent trends include the introduction of more lightweight and durable weapon systems to urban warfare, and modernization projects across international defense sectors.
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