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Light Weapons Market

ID: MRFR/AD/5617-CR
132 Pages
Sejal Akre
May 2023

Light Weapons Market Research Report Information By Type (Heavy Machine Guns, Light Canons, Recoilless Weapons, MANPATS, MANPADS and Others), By Technology (Guided and Unguided), By Operations (Crew-Served and Individual), By End-User (Defense and Homeland Security), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2035

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Light Weapons Market Summary

As per MRFR analysis, the Light Weapons Market Size was estimated at 13.37 USD Billion in 2024. The Light Weapons industry is projected to grow from 14.07 USD Billion in 2025 to 23.43 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.23 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Light Weapons Market is currently experiencing a dynamic shift driven by technological advancements and evolving geopolitical landscapes.

  • North America remains the largest market for light weapons, driven by substantial defense budgets and military modernization efforts.
  • The Asia-Pacific region is emerging as the fastest-growing market, fueled by increasing military expenditures and regional security concerns.
  • Heavy machine guns dominate the market as the largest segment, while MANPADS are witnessing rapid growth due to rising asymmetric warfare tactics.
  • Key market drivers include increased defense budgets and the growing demand for advanced technologies in both military and civilian applications.

Market Size & Forecast

2024 Market Size 13.37 (USD Billion)
2035 Market Size 23.43 (USD Billion)
CAGR (2025 - 2035) 5.23%

Major Players

Lockheed Martin (US), Northrop Grumman (US), General Dynamics (US), BAE Systems (GB), Rheinmetall (DE), Thales Group (FR), Leonardo (IT), Elbit Systems (IL), Saab (SE)

Light Weapons Market Trends

The Light Weapons Market is currently experiencing a dynamic evolution, driven by various geopolitical factors and technological advancements. Nations are increasingly focusing on enhancing their defense capabilities, which has led to a surge in demand for lightweight, portable weaponry. This shift is not merely a response to traditional military needs but also reflects the changing nature of warfare, where agility and rapid deployment are paramount. As a result, manufacturers are innovating to create more efficient and effective light weapons that meet the diverse requirements of modern armed forces. Moreover, the market is witnessing a growing emphasis on dual-use technologies, which can serve both military and civilian purposes. This trend indicates a broader acceptance of light weapons in various sectors, including law enforcement and security agencies. Additionally, the rise of non-state actors and asymmetric warfare strategies has further complicated the landscape, prompting governments to adapt their procurement strategies. The interplay of these factors suggests that the Light Weapons Market will continue to evolve, presenting both challenges and opportunities for stakeholders in the coming years.

Technological Advancements

The Light Weapons Market is increasingly influenced by rapid technological innovations. Manufacturers are integrating advanced materials and smart technologies into their products, enhancing performance and usability. This trend not only improves the effectiveness of light weapons but also addresses the need for lighter and more versatile systems.

Geopolitical Dynamics

Shifting geopolitical landscapes are reshaping the Light Weapons Market. Nations are reevaluating their defense strategies in response to emerging threats, leading to increased investments in light weaponry. This trend reflects a broader recognition of the importance of maintaining robust defense capabilities in an unpredictable global environment.

Regulatory Changes

The Light Weapons Market is also affected by evolving regulatory frameworks. Governments are implementing stricter controls on the production and distribution of light weapons, aiming to enhance security and prevent misuse. This trend may lead to increased compliance costs for manufacturers but could also foster innovation in developing safer and more responsible technologies.

Light Weapons Market Drivers

Growing Civilian Demand

The Light Weapons Market is witnessing a growing demand from civilian sectors, including law enforcement and private security firms. As concerns over public safety and security escalate, there is an increasing need for effective light weapon systems for non-military applications. Recent statistics reveal that the market for civilian light weapons has expanded by nearly 4% annually, driven by the rising prevalence of crime and terrorism. This trend indicates that manufacturers in the Light Weapons Market may find new opportunities for growth by diversifying their product offerings to meet the needs of civilian customers. Additionally, partnerships with law enforcement agencies could further enhance market penetration and brand visibility.

Increased Defense Budgets

The Light Weapons Market is experiencing a notable surge in defense budgets across various nations. Governments are prioritizing military modernization, which includes the procurement of advanced light weapons. For instance, recent reports indicate that defense spending in several countries has increased by an average of 3-5% annually. This trend is driven by the need to enhance national security and respond to emerging threats. As a result, manufacturers in the Light Weapons Market are likely to benefit from increased orders and contracts, leading to a more competitive landscape. The focus on lightweight, portable weapon systems is particularly pronounced, as military forces seek to improve operational efficiency and effectiveness in diverse combat scenarios.

Rising Asymmetric Warfare

The Light Weapons Market is significantly influenced by the rise of asymmetric warfare, where non-state actors and insurgent groups utilize light weapons to counter conventional military forces. This shift in warfare dynamics has led to an increased demand for lightweight, easily deployable weapon systems. Analysts suggest that the proliferation of such conflicts has prompted governments to invest in advanced light weapon technologies to equip their forces adequately. The market for light weapons is projected to grow as military organizations adapt to these unconventional threats. Furthermore, the need for effective counterinsurgency strategies is likely to drive innovation within the Light Weapons Market, as manufacturers develop new solutions tailored to the unique challenges posed by asymmetric warfare.

Technological Innovations

Technological advancements are reshaping the Light Weapons Market, with innovations enhancing the performance and capabilities of light weapon systems. The integration of smart technologies, such as advanced targeting systems and improved materials, is becoming increasingly prevalent. For example, the introduction of lightweight composite materials has allowed for the production of more efficient and durable weapons. Market data indicates that the segment of smart light weapons is expected to grow at a compound annual growth rate of approximately 6% over the next five years. This trend suggests that manufacturers who invest in research and development will likely gain a competitive edge in the Light Weapons Market, as they cater to the evolving needs of modern military forces.

International Arms Trade Agreements

The Light Weapons Market is significantly impacted by international arms trade agreements and regulations. These agreements often dictate the flow of light weapons across borders, influencing market dynamics. Recent developments in arms control treaties and export regulations have created both challenges and opportunities for manufacturers. For instance, countries that engage in arms trade are required to adhere to strict compliance measures, which can affect the availability of light weapons in certain regions. However, this regulatory environment also encourages manufacturers to innovate and develop compliant products. As nations navigate these complexities, the Light Weapons Market is likely to see shifts in demand patterns, with manufacturers adapting to the evolving landscape of international arms trade.

Market Segment Insights

Light Weapons Market Type Insights

The Light Weapons Market segmentation, based on type includes Heavy Machine Guns, Light Canons, Recoilless Weapons, MANPATS, MANPADS and Others. The heavy machine guns segment dominated the market. The heavy machine gun, also known as an HMG, can fire 500 to 1,000 rounds per minute and will continue to do so until the trigger is pulled back or the ammunition supply runs out. Steel and polymers, among other materials, are used to make these weapons.

Light Weapons Market Technology Insights

The Light Weapons Market segmentation, based on technology, includes Guided and Unguided. The guided category generated the most income because guided weapons are more in demand since they are more accurate and can hit targets at a longer distance. However, the unguided market is anticipated to experience considerable expansion over the forecast period due to the rising demand for heavy machine guns and grenade launchers for military use.

Figure 1: Light Weapons Market, by Technology, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Light Weapons Market Operations Insights

The Light Weapons Market segmentation, based on operations, includes Crew-Served and Individual. The crew-served category generated the most income. A crew-served weapon is any weapon system assigned to a crew of two or more people performing the same or different tasks to operate at optimum operational efficiency, as opposed to an individual-service weapon, which only needs one person to operate at maximum operational efficiency.

Light Weapons Market End-User Insights

The Light Weapons Market segmentation, based on end-user, includes Defense and Homeland Security . The defense category generated the most income. The increase is related to the rising costs in the global defense sector. Armed forces, naval forces, and air forces all use weapons. The market expansion is driven by rising defense budgets and military modernization programs in most of the world's nations.

Get more detailed insights about Light Weapons Market

Regional Insights

North America : Defense Innovation Leader

North America dominates the light weapons market, accounting for approximately 45% of global share, driven by increasing defense budgets and technological advancements. The U.S. government’s focus on modernizing military capabilities and enhancing national security has led to a surge in demand for advanced light weapon systems. Regulatory support, including streamlined procurement processes, further catalyzes market growth. The U.S. remains the largest market, with key players like Lockheed Martin, Northrop Grumman, and General Dynamics leading the charge. Canada also contributes significantly, focusing on enhancing its defense capabilities. The competitive landscape is characterized by innovation and strategic partnerships, ensuring that North America remains at the forefront of light weapons technology.

Europe : Emerging Defense Collaborations

Europe is witnessing a significant transformation in the light weapons market, holding approximately 30% of the global share. The region's growth is fueled by collaborative defense initiatives and increased military spending among NATO members. Regulatory frameworks are evolving to support joint procurement and research, enhancing the region's defense capabilities and responsiveness to emerging threats. Leading countries include the UK, Germany, and France, with key players like BAE Systems, Rheinmetall, and Thales Group driving innovation. The competitive landscape is marked by strategic alliances and joint ventures aimed at developing next-generation light weapons. This collaborative approach positions Europe as a formidable player in The Light Weapons Market.

Asia-Pacific : Rapidly Growing Defense Sector

Asia-Pacific is rapidly emerging as a key player in the light weapons market, accounting for about 20% of the global share. The region's growth is driven by rising geopolitical tensions and increased defense budgets, particularly in countries like India, Japan, and Australia. Regulatory reforms are facilitating faster procurement processes, enabling nations to enhance their military readiness and capabilities. India and Japan are leading the charge, with significant investments in indigenous defense production. The competitive landscape features a mix of domestic and international players, including Elbit Systems and Saab, focusing on advanced technologies. This dynamic environment is fostering innovation and collaboration, positioning Asia-Pacific as a critical market for light weapons.

Middle East and Africa : Strategic Defense Investments

The Middle East and Africa region is increasingly prioritizing defense investments, holding approximately 5% of The Light Weapons Market share. The growth is driven by regional conflicts and the need for enhanced security measures. Governments are implementing regulatory frameworks to streamline defense procurement, ensuring timely access to advanced light weapon systems to address security challenges. Countries like Saudi Arabia and the UAE are leading the market, with significant investments in modernizing their armed forces. The competitive landscape includes both local and international players, focusing on tailored solutions to meet specific regional needs. This focus on security solutions is shaping the future of the light weapons market in the region.

Light Weapons Market Regional Image

Key Players and Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the light weapons market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, light weapons industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global light weapons industry to benefit clients and increase the market sector. In recent years, the light weapons industry has offered some of the most significant advantages to medicine. Major players in the light weapons market are attempting to increase market demand by investing in research and development operations are Arsenal JSCo (Bulgaria), Indian Ordnance Factories Organization (India), General Dynamics Ordnance & Tactical Systems (US) and Heckler & Koch GmbH (Germany).

An employee of the Indian government works for the Indian Ordnance Factories Service (IOFS). Under the Ministry of Defence, IOFS officers are defense-civilian personnel with Group A Gazetted status. They run the Indian Ordnance Factories, enabling India to produce its defense products. In February 2022, an agreement to produce and supply Konkurs-M anti-tank guided missiles for the Indian Army's destruction of armoured vehicles with explosive reactive armours was inked with Bharat Dynamics Limited (BDL) for INR 3,131.82 crore (USD 413.50 million). A three-year duration is anticipated for the deal.

The US civil market, military and law enforcement markets are served by Heckler & Koch's design and production of small weapons and related equipment. Three engineers, Edmund Heckler, Theodore Koch, and Alex Seidel, established HK in Oberndorf, Germany, in 1949. One of the world's largest producers of small guns, HK has a product line for almost every type of product.

Key Companies in the Light Weapons Market market include

Industry Developments

January 2022 The Finnish Ministry of Defence has given the Finnish Defence Forces Logistics Command permission to purchase new weapon systems that will improve sniper accuracy and infantry section range. The semi-automatic Sniper Rifle 23 and the Designated Marksman Rifle 23 will be made by the Finnish manufacturer Sako.

September 2020 For the purpose of creating mobile rocket launcher systems for the U.S. Marine Corps and a foreign customer, Lockheed Martin Corporation and the U.S. Army recently inked a contract worth USD 183 million. For the U.S. Marine Corps, the business will provide 28 high mobility artillery rocket system launchers.

Future Outlook

Light Weapons Market Future Outlook

The Light Weapons Market is projected to grow at a 5.23% CAGR from 2024 to 2035, driven by technological advancements, increased defense budgets, and rising geopolitical tensions.

New opportunities lie in:

  • Development of smart light weapon systems with integrated AI capabilities.
  • Expansion into emerging markets with tailored product offerings.
  • Partnerships with defense contractors for advanced training solutions.

By 2035, the Light Weapons Market is expected to achieve robust growth, reflecting evolving defense needs.

Market Segmentation

Light Weapons Market Type Outlook

  • Heavy Machine Guns
  • Light Canons
  • Recoilless Weapons
  • MANPAT
  • MANPADS
  • Others

Light Weapons Market End-User Outlook

  • Defense
  • Homeland Security

Light Weapons Market Operations Outlook

  • Crew-Served
  • Individual

Light Weapons Market Technology Outlook

  • Guided
  • Unguided

Report Scope

MARKET SIZE 202413.37(USD Billion)
MARKET SIZE 202514.07(USD Billion)
MARKET SIZE 203523.43(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.23% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledMarket analysis in progress
Segments CoveredMarket segmentation analysis in progress
Key Market OpportunitiesIntegration of advanced technologies enhances operational efficiency in the Light Weapons Market.
Key Market DynamicsTechnological advancements and regulatory changes drive innovation and competition in the light weapons market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

Market Highlights

Author
Sejal Akre
Senior Research Analyst

She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. Hands on expertise in management consulting, and extensive knowledge in domain including ICT, Automotive & Transportation and Aerospace & Defense. She is skilled in Go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.

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FAQs

What is the projected market valuation of the Light Weapons Market by 2035?

The Light Weapons Market is projected to reach a valuation of 23.43 USD Billion by 2035.

What was the market valuation of the Light Weapons Market in 2024?

In 2024, the Light Weapons Market was valued at 13.37 USD Billion.

What is the expected CAGR for the Light Weapons Market during the forecast period 2025 - 2035?

The expected CAGR for the Light Weapons Market during the forecast period 2025 - 2035 is 5.23%.

Which companies are considered key players in the Light Weapons Market?

Key players in the Light Weapons Market include Lockheed Martin, Northrop Grumman, General Dynamics, BAE Systems, Rheinmetall, Thales Group, Leonardo, Elbit Systems, and Saab.

What are the projected revenues for Heavy Machine Guns in the Light Weapons Market by 2035?

The projected revenues for Heavy Machine Guns in the Light Weapons Market are expected to reach 4.8 USD Billion by 2035.

How do guided and unguided technologies compare in the Light Weapons Market?

By 2035, guided technologies are projected to generate revenues of 9.67 USD Billion, while unguided technologies are expected to reach 13.76 USD Billion.

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