Global Small Arms Market to Grow at a (CAGR) of 4.8% during the Forecast Period 2022-2030

Sep-2022 | Aerospace & Defense

As specified in our exclusive report, the Global Small Arms Market is projected to reach USD 12.88 billion by 2030.

The defense sector is upgrading weapons and ammunition and adopting more modern weapon systems, and deployments at military bases, international borders, and other sensitive sites and locations have been increasing in recent times, and are other major factors behind the growth of the global small arms market to a large extent.

What are Small Arms?

The small arms trade is also called small arms proliferation and small arms market. The market of both authorized illegal small arms and light weapons, as well as their accessories, parts, and ammunition. Small arms and light weapons range from firearms such as those that can be carried by an individual or two people, or heavy ones that can be carried by vehicles, such as human portable air defense systems (MPADs), to light machine guns and pistols.

These weapons are of choice not only for most of today's regional conflicts but also for many terrorist groups operating around the world. Legal transfers are generally defined as approved by the governments involved and in accordance with national and international law.

North America to hold the lion's share in 2021, due to increased investment in the defense industry, and the number of shooting ranges in the region. Furthermore, the presence of key industry players and expanding their operations in this region is expected to drive the growth of the small arms market.

Development of Market:

1. In October 2021, IWI launched the new ACE-N 52 assault rifle. The latest model features an improved ergonomic design that is suitable for use with standard NATO (AR-10) magazines, which include 7.62X51mm ammunition.

2. In April 2021, state-owned enterprise PT Pindad, received orders from Thailand for an undisclosed quantity of 5.56 mm caliber.

Some of the key players in the small arms market are:

Accuracy International Ltd., Arsenal 2000 JSCo., Beretta Holding S.p.A., Ceská zbrojovka a.s., Colt's Manufacturing Company, LLC, Daniel Defense LLC, FN Herstal, Glock Ges.m.b.H., Heckler & Koch GmbH, Israel Weapon Industries (IWI) Ltd., Kalashnikov Group, SIG Sauer GmbH & Co. KG, Smith & Wesson Brands, Inc., Steyr Arms GmbH, Sturm, Ruger & Company, Inc.

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