[270 Pages Report] Light weapons market forecast & analysis report categorizes global market by type (hmg, light cannon, manpat, grenade, mortar, manpad, grenades, missiles, launcher, atw, landmine), technology (guided, unguided), application (defense, homeland security) & geography.
Dallas, TX -- (SBWIRE) -- 12/08/2014 -- According to a new market research report" Light Weapons Market by Type (HMG, Light Cannon, MANPAT, Grenade, Mortar, MANPAD, Grenades, Missiles, Launcher, ATW, Landmine), Technology (Guided, Unguided), Application (Defense, Homeland Security) & Geography - Forecast & Analysis to 2014 - 2020", published by marketsandmarkets, the global light weapons market is estimated to be $9.62 billion in the year 2014 and is projected to cross $12.51 Billion by 2020, growing at a CAGR of 4.48% from 2014 to 2020. The light weapons market consists of guided and unguided weapons.
Browse 223 market data tables 79 figures spread through 270 pages and in-depth TOC on "Light Weapons Market - Forecast & Analysis to 2014 - 2020 "
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The guided weapons includes light anti-tank weapons, anti-aircraft missile, anti-tank launchers, anti-aircraft launcher, rocket systems, and MANPAD and it is expected to covers 49.15% of the total light weapons market in 2014. The global MANPAD market is estimated to be $1.43 billion in 2014 and is expected to register a CAGR of 5.20% by 2020. The global anti-tank weapons market is expected to register a CAGR of 4.70% from 2014 to 2020.
The growth for this market will be sluggish in the North American and European regions. The man-portable air defence systems market is expected to grow rapidly over the next 5 years. Significant investments are being made by the countries from the Asia-Pacific, Middle Eastern, and Latin American regions, in the design and development of high-precision weapons will prove to be a prominent driver for the light weapons market. The emerging countries like India, Singapore, and South Korea, will actively be involved in manufacturing firearms, mortars, and grenade launchers.
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Asia-Pacific, the Middle East, and Latin America, show a consistent level of growth. China, Argentina, Mexico, and Saudi Arabia, are the emerging markets of light weapons and will also show a reliable growth over the next few years.
The driving factor for this market will be the emergent need for safety and security worldwide. The technologically-advanced light weapons with a compact design and high-precision rate shall be the most sought-after products in the coming years. There will be an increased demand of heavy machine guns and recoilless rifles by homeland security forces. This factor shall drive these products to show an increasing demand in the coming years.
A stringent market growth will be seen in countries such as the U.S. and France for anti-tank guided weapons. The North American and European regions will show a comparatively sluggish growth over the next 5 years. There will be a high growth in the global share of light weapons in African and Sub-African regions.
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