Stratview Research delivers key insights on the Light Weapons market in its latest report titled Light Weapons 2022 - 2028. According to the report, the global Light Weapons market is anticipated to expand at a CAGR of 4.6% in terms of value during the forecast period due to various factors.
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It is the most comprehensive report available on this market and will help users gain a global outlook as it covers 360degree Light Weapons Market shares, detailed analysis of growth rate among various segments including demand -supply scenario, etc. The regional and country segmentations give in-depth analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth and highlights important trends and strategies that players in the market can adopt.
Impact of COVID-19 on Light Weapons Market
With COVID-19, the world is battling a health pandemic as well as an economic pandemic, virtually affecting trillions of dollars of incomes. Stratview Research brings to you high level insights and in-depth details related to rapid modifications in top companies in each sector, growth and decline due to COVID-19, etc. The analysts at Stratview Research are constantly engaging with their clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.
Key players
Some of the major players operating in the global Light Weapons market are-
The Raytheon Company
Lockheed Martin
BAE Systems
Rafael Advanced Defense Systems
Elbit Systems
Thales Group
Saab AB.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Light Weapons Market value and growth drivers over the trend period of 2022-27. According to the report -
Light Weapons Market is likely to witness an impressive CAGR of 5.2% during the forecast period. The growing lethality and the sophisticated progressions in light weapons drive the market globally.
Segment Analysis:
Based On Type:
Based on the type, the market is segmented as anti-tank guided weapons, anti-aircraft missiles, rocket launchers, man-portable air defense systems, heavy machine guns, light cannons, recoilless rifles, grenade launchers, mortars, and rocket-propelled grenades. The anti-tank guided weapons dominated the market in 2018. The increasing demand for guided weapons drives the growth of this segment in the coming five years. The grenade launchers segment is estimated to be the fastest-growing segment during the forecast period. The incessant requirement in the armed forces influences the growth of this segment.
Based on Region:
In terms of regions, North America dominated the light weapons market and is expected to retain its dominance in the coming five years. The market is sustained by the rising demand for light weapons from emerging economies. Asia-Pacific is also projected to offer substantial growth opportunities during the forecast period. China, India, and the Middle East are the growth engines of the region. The growing defense budget is a major factor that sustains the growth of the market for light weapons in this region.
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Critical Questions Answered in the Report
- What are the key trends in the global Light Weapons market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
- What is the impact of COVID-19 on global Light Weapons market?
- What are the key strategies adopted by the major vendors to lead in the global Light Weapons market?
- What is the market share of the top vendors?
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About Us
Stratview Research is a global market research and consulting service provider, offering syndicated and custom research reports. Our business intelligence and industry research reports offer clients with insightful and actionable market data to aid strategic decision making. These exclusive reports are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more. Stratview Research helps its user’s tract the ever-evolving market scenarios through its top-notch market reports.
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