The demand for light weapons is swiftly increasing among different end-users across the globe. The market is driven by several factors, such as increasing terrorist incidents, rising instability in Middle-East and Africa, and military modernization programs, among others.The light weapons market accounted for a market value of $10.21 billion in 2016, with military end-user holding the highest share.
The Global light weapons market has exhibited a moderate growth in the recent past. Usage of light weapons in armed forces has increased over the years with advancements in technology. The increasing land disputes across the borders, rise in conflicts, and terrorism activities and rising defense spending are the factors for the growth of global light weapons market. Furthermore, low cost, lethality, portability, and simplicity of weapons have increased their adoption in armed forces as well as civilians. The demand for light weapons has experienced a significant rise in the recent years, and the trend is anticipated to continue in the future, owing to the changing nature of warfare and growing conflicts across the globe. The rise in demand of light weapons across emerging nations and military modernization programs are expected to open several new opportunities for light weapons market in the years to come.
The following points provide a concrete description of the report content and the topics covered in the report:
TABLE OF CONTENT | ||
Executive Summary | ||
1 | Research Scope & BIS Methodology | |
1.1 | Scope of the Report | |
1.2 | Light Weapons Market Research Methodology | |
2 | Market Dynamics | |
2.1 | Market Drivers | |
2.1.1 | Increase in Conflicts and Terrorism Activities | |
2.1.2 | Increasing Defense Spending by Asia Pacific Nations | |
2.2 | Market Challenges | |
2.2.1 | Illicit Brokering of Light Weapons | |
2.2.2 | Increasing Proliferation of Light Weapons | |
2.3 | Market Opportunities | |
2.3.1 | Military Modernization Programs | |
2.3.2 | Growing Demand from Developing Nations | |
3 | Competitive Insights | |
3.1 | Competitive Landscape | |
3.2 | Key Strategies and Developments | |
3.2.1 | Contracts | |
3.2.2 | Partnerships, Agreements, Joint Ventures and Collaborations | |
3.2.3 | Other Developments | |
3.3 | Competitive Benchmarking and Market Players Ranking | |
4 | Industry Analysis | |
4.1 | Regulatory Overview | |
4.2 | Lifecycles of Small Arms and Light Weapons (SALW) | |
4.3 | Small Arms and Light Weapons Imports and Exports by Country | |
4.4 | PESTLE Analysis | |
4.5 | Value Chain Analysis | |
5 | Global Light Weapons Market, 2017-2021 | |
5.1 | Assumptions and Limitations | |
5.2 | Market Overview | |
6 | Global Light Weapons Market by Type | |
6.1 | Market Overview | |
6.2 | Anti-Tank Guided Weapons | |
6.3 | Anti-Aircraft Missile | |
6.4 | Rocket Launchers | |
6.5 | Man-Portable Air Defense System (MANPADS) | |
6.6 | Heavy Machine Guns | |
6.7 | Light Cannons | |
6.8 | Recoilless Rifles | |
6.9 | Grenade Launchers | |
6.1 | Mortars | |
6.11 | Grenades | |
6.12 | Rocket Propelled Grenades | |
7 | Global Light Weapons Market by End-User | |
7.1 | Market Overview | |
7.2 | Military | |
7.3 | Homeland Security | |
8 | Global Light Weapons Market by Region | |
8.1 | Market Overview | |
8.2 | North America | |
8.2.1 | North America Light Weapons Market Size by End-User | |
8.2.2 | North America Light Weapons Market Size by Type | |
8.2.3 | North America Light Weapons Market Size by Country | |
8.2.3.1 | The U.S. | |
8.2.3.2 | Canada | |
8.3 | Europe | |
8.3.1 | European Light Weapons Market Size by End-User | |
8.3.2 | European Light Weapons Market Size by Type | |
8.3.3 | European Light Weapons Market Size by Country | |
8.3.3.1 | The U.K. | |
8.3.3.2 | Germany | |
8.3.3.3 | Russia | |
8.3.3.4 | France | |
8.4 | Asia Pacific | |
8.4.1 | Asia Pacific Light Weapons Market Size by End-User | |
8.4.2 | Asia Pacific Light Weapons Market Size by Type | |
8.4.3 | Asia Pacific Light Weapons Market Size by Country | |
8.4.3.1 | China | |
8.4.3.2 | India | |
8.4.3.3 | Japan | |
8.5 | Rest of the World | |
8.5.1 | Rest of the World Light Weapons Market Size by End-User | |
8.5.2 | Rest of the World Light Weapons Market Size by Type | |
8.5.3 | Latin America | |
8.5.4 | Middle East and Africa | |
9 | Company Profile | |
9.1 | BAE Systems | |
9.1.1 | Company Overview | |
9.1.2 | Product Offerings | |
9.1.3 | Financials | |
9.1.3.1 | Overall Financials | |
9.1.3.2 | Segment Revenue Mix | |
9.1.3.3 | Geographic Revenue Mix | |
9.1.3.4 | Financial Summary | |
9.1.4 | SWOT Analysis | |
9.2 | Elbit Systems | |
9.2.1 | Company Overview | |
9.2.2 | Product Offerings | |
9.2.3 | Financials | |
9.2.3.1 | Overall Financials | |
9.2.3.2 | Segment Revenue Mix | |
9.2.3.3 | Geographic Revenue Mix | |
9.2.3.4 | Financial Summary | |
9.2.4 | SWOT Analysis | |
9.3 | FN Herstal | |
9.3.1 | Company Overview | |
9.3.2 | Product Offerings | |
9.3.3 | SWOT Analysis | |
9.4 | General Dynamics Ordnance and Tactical Systems | |
9.4.1 | Company Overview | |
9.4.2 | Product Offerings | |
9.4.3 | Financials | |
9.4.3.1 | Overall Financials | |
9.4.3.2 | Segment Revenue Mix | |
9.4.3.3 | Geographic Revenue Mix | |
9.4.3.4 | Financial Summary | |
9.4.4 | SWOT Analysis | |
9.5 | Heckler & Koch GmbH | |
9.5.1 | Company Overview | |
9.5.2 | Product Offerings | |
9.5.3 | SWOT Analysis | |
9.6 | Israel Aerospace Industries (IAI) | |
9.6.1 | Company Overview | |
9.6.2 | Product Offerings | |
9.6.3 | Financials | |
9.6.3.1 | Overall Financials | |
9.6.3.2 | Segment Revenue Mix | |
9.6.3.3 | Geographic Revenue Mix | |
9.6.3.4 | Financial Summary | |
9.6.4 | SWOT Analysis | |
9.7 | Leonardo S.p.A | |
9.7.1 | Company Overview | |
9.7.2 | Product Offerings | |
9.7.3 | Financials | |
9.7.3.1 | Overall Financials | |
9.7.3.2 | Segment Revenue Mix | |
9.7.3.3 | Geographic Revenue Mix | |
9.7.3.4 | Financial Summary | |
9.7.4 | SWOT Analysis | |
9.8 | Lockheed Martin | |
9.8.1 | Company Overview | |
9.8.2 | Product Offerings | |
9.8.3 | Financials | |
9.8.3.1 | Overall Financials | |
9.8.3.2 | Segment Revenue Mix | |
9.8.3.3 | Geographic Revenue Mix | |
9.8.3.4 | Financial Summary | |
9.8.4 | SWOT Analysis | |
9.9 | Orbital ATK, Inc. | |
9.9.1 | Company Overview | |
9.9.2 | Product Offerings | |
9.9.3 | Financials | |
9.9.3.1 | Overall Financials | |
9.9.3.2 | Segment Revenue Mix | |
9.9.3.3 | Financial Summary | |
9.9.4 | SWOT Analysis | |
9.10 | Rafael Advanced Defense Systems Ltd. | |
9.10.1 | Company Overview | |
9.10.2 | Product Offerings | |
9.10.3 | SWOT Analysis | |
9.11 | Raytheon Inc. | |
9.11.1 | Company Overview | |
9.11.2 | Product Offerings | |
9.11.3 | Financials | |
9.11.3.1 | Overall Financials | |
9.11.3.2 | Segment Revenue Mix | |
9.11.3.3 | Geographic Revenue Mix | |
9.11.3.4 | Financial Summary | |
9.11.4 | SWOT Analysis | |
9.12 | Rheinmetall Group | |
9.12.1 | Company Overview | |
9.12.2 | Product Offerings | |
9.12.3 | Financials | |
9.12.3.1 | Overall Financials | |
9.12.3.2 | Segment Revenue Mix | |
9.12.3.3 | Geographic Revenue Mix | |
9.12.3.4 | Financial Summary | |
9.12.4 | SWOT Analysis | |
9.13 | Saab AB | |
9.13.1 | Company Overview | |
9.13.2 | Product Offerings | |
9.13.3 | Financials | |
9.13.3.1 | Overall Financials | |
9.13.3.2 | Segment Revenue Mix | |
9.13.3.3 | Geographic Revenue Mix | |
9.13.3.4 | Financial Summary | |
9.13.4 | SWOT Analysis | |
9.14 | Textron Systems | |
9.14.1 | Company Overview | |
9.14.2 | Product Offerings | |
9.14.3 | Financials | |
9.14.3.1 | Overall Financials | |
9.14.3.2 | Segment Revenue Mix | |
9.14.3.3 | Geographic Revenue Mix | |
9.14.3.4 | Financial Summary | |
9.14.4 | SWOT Analysis | |
9.15 | Thales Group | |
9.15.1 | Company Overview | |
9.15.2 | Product Offerings | |
9.15.3 | Financials | |
9.15.3.1 | Overall Financials | |
9.15.3.2 | Segment Revenue Mix | |
9.15.3.3 | Geographic Revenue Mix | |
9.15.3.4 | Financial Summary | |
9.15.4 | SWOT Analysis | |
10 | Appendix | |
10.1 | Related Reports | |
List of Tables | ||
Table 1 | Market Snapshot: Global Light Weapons Market | |
Table 2.1 | Share of Top 10 Largest Arms Importers (%) | |
Table 2.2 | Light Weapons Usage by Non-State Armed Groups | |
Table 2.3 | Defense Agencies Procurement Plans of Light Weapons | |
Table 3.1 | Key Contracts | |
Table 3.2 | Partnerships, Agreements, Joint Ventures and Collaborations | |
Table 3.3 | Other Developments | |
Table 4.1 | Small Arms and Light Weapons Imports and Exports, 2014 ($Million) | |
Table 4.2 | Exporters of Small Arms and Light Weapons by Country, 2012 | |
Table 4.3 | Importers of Small Arms and Light Weapons by Country, 2012 | |
Table 4.4 | List of Legislations | |
Table 4.5 | Global Defense Budget, 2016 | |
Table 6.1 | Light Weapons Market by Type 2016-2021 ($Million) | |
Table 7.1 | Light Weapons Market by End-User 2016-2021 ($Million) | |
Table 7.2 | Developments in Light Weapons Market | |
Table 8.1 | Global Light Weapons Market Size by Geography, 2016-2021 | |
Table 8.2 | Latin America Imports by Countries | |
List of Figures | ||
Figure 1 | Global Defense Budget, 2004-2016 | |
Figure 2 | Advantages of Light Weapons | |
Figure 3 | Light Weapons Market Snapshot, 2016 and 2021 | |
Figure 4 | Number of Terrorist Incidents, 2000 - 2016 | |
Figure 5 | Light Weapons Market Size by Type, 2016 and 2021 | |
Figure 6 | Light Weapons Market Size by End-User, 2016 and 2021 | |
Figure 7 | Light Weapons Market Size by Region, 2016 | |
Figure 8 | Light Weapons Market Size by Country, 2016 | |
Figure 9 | Geographical Distribution of Light Weapons Market Size by Type, 2016 | |
Figure 1.1 | Global Light Weapons Market Scope | |
Figure 1.2 | Light Weapons Market Research Methodology | |
Figure 1.3 | Secondary Data Sources | |
Figure 1.4 | Top Down and Bottom Up Approach | |
Figure 1.5 | Light Weapons Market Influencing Factors | |
Figure 1.6 | Assumptions and Limitations | |
Figure 2.1 | Market Dynamics Snapshot | |
Figure 2.2 | Impact Analysis on Market Drivers | |
Figure 2.3 | Impact Analysis on Market Challenges | |
Figure 2.4 | Deaths from Terrorism, 2014 and 2015 | |
Figure 2.5 | Terrorist Attacks around the World, 2015 | |
Figure 2.6 | Global Military Spending, 2016 | |
Figure 3.1 | Key Strategies Adopted by Market Players | |
Figure 3.2 | Percentage Share of Strategies Adopted by the Market Players, 2014-2017 | |
Figure 3.3 | Competitive Benchmarking | |
Figure 3.4 | Market Players Ranking | |
Figure 4.1 | Six Principles to Curb Small Arms and Light Weapons | |
Figure 4.2 | Six Principles to Curb Small Arms and Light Weapons | |
Figure 4.3 | Lifecycle of a Gun | |
Figure 4.4 | Value Chain Analysis | |
Figure 5.1 | Global Light Weapons Market Size, 2016-2021 | |
Figure 6.1 | Classification of Global Light Weapons Market by Type | |
Figure 6.2 | Light Weapons Market by Type, 2016 and 2021 | |
Figure 6.3 | Anti-Tank Guided Weapons Market Size, 2016 - 2021 | |
Figure 6.4 | Anti-Aircraft Missile Market Size, 2016 - 2021 | |
Figure 6.5 | Rocket Launchers Market Size, 2016 - 2021 | |
Figure 6.6 | MANPADS Market Size, 2016 - 2021 | |
Figure 6.7 | Heavy Machine Guns Market Size, 2016 - 2021 | |
Figure 6.8 | Light Cannons Market Size, 2016 - 2021 | |
Figure 6.9 | Recoilless Rifles Market Size, 2016 - 2021 | |
Figure 6.10 | Grenade Launchers Market Size, 2016 - 2021 | |
Figure 6.11 | Mortars Market Size, 2016 - 2021 | |
Figure 6.12 | Grenades Market Size, 2016 - 2021 | |
Figure 6.13 | Rocket Propelled Grenades Market Size, 2016 - 2021 | |
Figure 7.1 | Classification of Global Light Weapons Market by End-User | |
Figure 7.2 | Global Light Weapons Market by End-User, 2016 and 2021 | |
Figure 7.3 | Military Market Size, 2016-2021 | |
Figure 7.4 | Homeland Security Market Size, 2016-2021 | |
Figure 8.1 | Classification of Global Light Weapons Market by Region | |
Figure 8.2 | Geographic Distribution of Light Weapons Market, 2016 -2021 | |
Figure 8.3 | North American Light Weapons Market Size by Country, 2016-2021 | |
Figure 8.4 | North America Light Weapons Market Size by End-User, 2016-2021 | |
Figure 8.5 | North America Light Weapons Market Size by Type, 2016-2021 | |
Figure 8.6 | Light Weapons Market in the U.S., 2016-2021 | |
Figure 8.7 | Total U.S. Arms Exports, 2010-2017 | |
Figure 8.8 | Light Weapons Market in Canada, 2016-2021 | |
Figure 8.9 | European Light Weapons Market Size by Country, 2016-2021 | |
Figure 8.10 | European Light Weapons Market Size by End-User, 2016-2021 | |
Figure 8.11 | European Light Weapons Market Size by Type, 2016-2021 | |
Figure 8.12 | Light Weapons Market in the U.K., 2016-2021 | |
Figure 8.13 | Light Weapons Market in Germany, 2016-2021 | |
Figure 8.14 | Light Weapons Market in Russia, 2016-2021 | |
Figure 8.15 | Light Weapons Market in France, 2016-2021 | |
Figure 8.16 | Asia Pacific Light Weapons Market by Country, 2016-2021 | |
Figure 8.17 | Asia Pacific Light Weapons Market Size by End-User, 2016-2021 | |
Figure 8.18 | Asia Pacific Light Weapons Market Size by Type, 2016-2021 | |
Figure 8.19 | Light Weapons Market in China, 2016-2021 | |
Figure 8.20 | Light Weapons Market in India, 2016-2021 | |
Figure 8.21 | Light Weapons Market in Japan, 2016-2021 | |
Figure 8.22 | Light Weapons Market in Rest of the World, 2016-2021 | |
Figure 8.23 | Rest of the World Light Weapons Market by End-User, 2016-2021 | |
Figure 8.24 | Rest of the World Light Weapons Market by Type, 2016-2021 | |
Figure 8.25 | Light Weapons Market in Latin America, 2016-2021 | |
Figure 8.26 | Light Weapons Market in Middle East and Africa, 2016-2021 | |
Figure 9.1 | BAE Systems – Product Offerings | |
Figure 9.2 | BAE Systems – Overall Financials, 2014-2016 | |
Figure 9.3 | BAE Systems – Business Segment Revenue Mix, 2014-2016 | |
Figure 9.4 | BAE Systems– Geographic Revenue Mix, 2014-2016 | |
Figure 9.5 | SWOT Analysis – BAE Systems | |
Figure 9.6 | Elbit Systems – Product Offerings | |
Figure 9.7 | Elbit Systems – Overall Financials, 2014-2016 | |
Figure 9.8 | Elbit Systems–Business Segment Revenue Mix, 2014-2016 | |
Figure 9.9 | Elbit Systems – Geographic Revenue Mix, 2014-2016 | |
Figure 9.10 | SWOT Analysis – Elbit Systems | |
Figure 9.11 | FN Herstal: Product Offerings | |
Figure 9.12 | FN Herstal: SWOT Analysis | |
Figure 9.13 | General Dynamics – Product Offerings | |
Figure 9.14 | General Dynamics – Overall Financials, 2014-2016 | |
Figure 9.15 | General Dynamics– Business Segment Revenue Mix, 2014-2016 | |
Figure 9.16 | General Dynamics– Geographic Revenue Mix, 2014-2016 | |
Figure 9.17 | SWOT Analysis – General Dynamics | |
Figure 9.18 | Heckler & Koch: Product Offerings | |
Figure 9.19 | Heckler & Koch AG: SWOT Analysis | |
Figure 9.20 | IAI – Product Offerings | |
Figure 9.21 | Israel Aerospace Industries (IAI) – Overall Financials, 2014-2016 | |
Figure 9.22 | Israel Aerospace Industries (IAI)–Business Segment Revenue Mix, 2014-2016 | |
Figure 9.23 | Israel Aerospace Industries (IAI) – Geographic Revenue Mix, 2014-2016 | |
Figure 9.24 | SWOT Analysis -- Israel Aerospace Industries (IAI) | |
Figure 9.25 | Leonardo S.p.A – Product Offerings | |
Figure 9.26 | Leonardo S.p.A – Overall Financials, 2014-2016 | |
Figure 9.27 | Leonardo S.p.A –Business Segment Revenue Mix, 2014-2016 | |
Figure 9.28 | Leonardo S.p.A – Geographic Revenue Mix, 2014-2016 | |
Figure 9.29 | SWOT Analysis – Leonardo S.p.A | |
Figure 9.30 | Lockheed Martin – Product Offerings | |
Figure 9.31 | Lockheed Martin – Overall Financials, 2014-2016 | |
Figure 9.32 | Lockheed Martin – Business Segment Revenue Mix, 2014-2016 | |
Figure 9.33 | Lockheed Martin – Geographic Revenue Mix, 2014 - 2016 | |
Figure 9.34 | SWOT Analysis – Lockheed Martin | |
Figure 9.35 | Orbital ATK, Inc.: Product Offerings | |
Figure 9.36 | Orbital ATK, Inc. – Overall Financials, 2014-2016 | |
Figure 9.37 | Orbital ATK, Inc. – Segment Revenue Mix, 2014-2016 | |
Figure 9.38 | Orbital ATK, Inc. – SWOT Analysis | |
Figure 9.39 | Rafael Advanced Defense Systems Ltd.: Product Offerings | |
Figure 9.40 | Rafael Advanced Defense Systems Ltd.: SWOT Analysis | |
Figure 9.41 | Raytheon Inc. – Product Offerings | |
Figure 9.42 | Raytheon Inc. – Overall Financials, 2014-2016 | |
Figure 9.43 | Raytheon Inc. – Business Segment Revenue Mix, 2014-16 | |
Figure 9.44 | Raytheon Inc. – Geographic Revenue Mix, 2014-2016 | |
Figure 9.45 | SWOT Analysis – Raytheon Inc. | |
Figure 9.46 | Rheinmetall Group – Product Offerings | |
Figure 9.47 | Rheinmetall Group – Overall Financials, 2014-2016 | |
Figure 9.48 | Rheinmetall Group – Business Segment Revenue Mix, 2015-16 | |
Figure 9.49 | Rheinmetall Group – Geographic Revenue Mix, 2015-2016 | |
Figure 9.50 | SWOT Analysis – Rheinmetall Group | |
Figure 9.51 | Saab AB – Product Offerings | |
Figure 9.52 | Saab AB – Overall Financials, 2014-2016 | |
Figure 9.53 | Saab AB – Business Segment Revenue Mix, 2014-2016 | |
Figure 9.54 | Saab AB – Geographic Revenue Mix, 2014-2016 | |
Figure 9.55 | SWOT Analysis -- Saab AB | |
Figure 9.56 | Textron Systems – Product Offerings | |
Figure 9.57 | Textron Systems – Overall Financials, 2014-2016 | |
Figure 9.58 | Textron Systems – Business Segment Revenue Mix, 2014-2016 | |
Figure 9.59 | Textron Systems – Geographic Revenue Mix, 2014-2016 | |
Figure 9.60 | Textron Systems – SWOT Analysis | |
Figure 9.61 | Thales Group – Product Offerings | |
Figure 9.62 | Thales Group – Overall Financials, 2014-2016 | |
Figure 9.63 | Thales Group – Business Segment Revenue Mix, 2014-2016 | |
Figure 9.64 | Thales Group – Geographic Revenue Mix, 2014-2016 | |
Figure 9.65 | SWOT Analysis – Thales Group |
Cold-war period led to the major developments in the weapons technology due to rising tensions of large-scale conflict between USSR and the U.S. The period witnessed a huge proliferation in all types of weapons ranging from nuclear to light ones. The advancements in technology has also led to the development of portable weapons. The portable weapons are generally small arms and light weapons which are easy to operate, cost-effective, and durable. Since, 13th century small arms have undergone a massive transformation in design and operation. Nations have continued to use their military as an instrument of force to attain their national objective, whether it is local or beyond borders.
Light weapon is a broad term that refers to any weapon that can be carried by two or three people serving as a crew. Light weapons are increasingly being adopted across military and homeland security end-users. Some of the prime factors behind the rise in the demand of light weapons are changing nature of warfare, increasing land disputes across the borders, and rise in defense spending.
FIGURE 1
GLOBAL LIGHT WEAPONS MARKET, 2016-2021
Source: Secondary Research, Expert Views and BIS Research Analysis
The demand for light weapons is swiftly increasing among different end-users across the globe. The market is driven by several factors, such as increasing terrorist incidents, rising instability in Middle-East and Africa, and military modernization programs, among others.
The light weapons market accounted for a market value of $10.21 billion in 2016, with military end-user holding the highest share.
FIGURE 2
GLOBAL LIGHT WEAPONS MARKET ANALYSIS BY TYPE
Source: Secondary Research, Expert Views and BIS Research Analysis
The Anti-Tank Guided Weapons (ATGWs) market accounts for a large share in overall revenue generated. The high share of ATGW is mainly attributed to the growing need for the guided weapons across defense agencies. During the forecast period, the grenade launchers market is expected to grow at a faster rate in comparison with other types.
North America is expected to dominate the market during the forecast period (2017-2021) which is followed by Asia Pacific, Europe, and Rest of the world. The United States is the leading country in the light weapons market, globally, and is expected to maintain its dominance during the forecast period. Asia Pacific is expected to grow at the highest CAGR with China dominating the market in this region. This region is growing at a much faster rate as compared to North America and Europe due to continuous efforts by both the government and light weapons manufacturers.
Some of the key players in the light weapons market include: Lockheed Martin, Orbital ATK, Raytheon, General Dynamics, BAE Systems, FN Herstal, Heckler and Koch, Thales Group, Saab AB, Rafael Advanced Defense Systems, Elbit Systems, among others.
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The Global light weapons market has exhibited a moderate growth in the recent past. Usage of light weapons in armed forces has increased over the years with advancements in technology. The increasing land disputes across the borders, rise in conflicts, and terrorism activities and rising defense spending are the factors for the growth of global light weapons market. Furthermore, low cost, lethality, portability, and simplicity of weapons have increased their adoption in armed forces as well as civilians. The demand for light weapons has experienced a significant rise in the recent years, and the trend is anticipated to continue in the future, owing to the changing nature of warfare and growing conflicts across the globe. The rise in demand of light weapons across emerging nations and military modernization programs are expected to open several new opportunities for light weapons market in the years to come.
TABLE OF CONTENT | ||
Executive Summary | ||
1 | Research Scope & BIS Methodology | |
1.1 | Scope of the Report | |
1.2 | Light Weapons Market Research Methodology | |
2 | Market Dynamics | |
2.1 | Market Drivers | |
2.1.1 | Increase in Conflicts and Terrorism Activities | |
2.1.2 | Increasing Defense Spending by Asia Pacific Nations | |
2.2 | Market Challenges | |
2.2.1 | Illicit Brokering of Light Weapons | |
2.2.2 | Increasing Proliferation of Light Weapons | |
2.3 | Market Opportunities | |
2.3.1 | Military Modernization Programs | |
2.3.2 | Growing Demand from Developing Nations | |
3 | Competitive Insights | |
3.1 | Competitive Landscape | |
3.2 | Key Strategies and Developments | |
3.2.1 | Contracts | |
3.2.2 | Partnerships, Agreements, Joint Ventures and Collaborations | |
3.2.3 | Other Developments | |
3.3 | Competitive Benchmarking and Market Players Ranking | |
4 | Industry Analysis | |
4.1 | Regulatory Overview | |
4.2 | Lifecycles of Small Arms and Light Weapons (SALW) | |
4.3 | Small Arms and Light Weapons Imports and Exports by Country | |
4.4 | PESTLE Analysis | |
4.5 | Value Chain Analysis | |
5 | Global Light Weapons Market, 2017-2021 | |
5.1 | Assumptions and Limitations | |
5.2 | Market Overview | |
6 | Global Light Weapons Market by Type | |
6.1 | Market Overview | |
6.2 | Anti-Tank Guided Weapons | |
6.3 | Anti-Aircraft Missile | |
6.4 | Rocket Launchers | |
6.5 | Man-Portable Air Defense System (MANPADS) | |
6.6 | Heavy Machine Guns | |
6.7 | Light Cannons | |
6.8 | Recoilless Rifles | |
6.9 | Grenade Launchers | |
6.1 | Mortars | |
6.11 | Grenades | |
6.12 | Rocket Propelled Grenades | |
7 | Global Light Weapons Market by End-User | |
7.1 | Market Overview | |
7.2 | Military | |
7.3 | Homeland Security | |
8 | Global Light Weapons Market by Region | |
8.1 | Market Overview | |
8.2 | North America | |
8.2.1 | North America Light Weapons Market Size by End-User | |
8.2.2 | North America Light Weapons Market Size by Type | |
8.2.3 | North America Light Weapons Market Size by Country | |
8.2.3.1 | The U.S. | |
8.2.3.2 | Canada | |
8.3 | Europe | |
8.3.1 | European Light Weapons Market Size by End-User | |
8.3.2 | European Light Weapons Market Size by Type | |
8.3.3 | European Light Weapons Market Size by Country | |
8.3.3.1 | The U.K. | |
8.3.3.2 | Germany | |
8.3.3.3 | Russia | |
8.3.3.4 | France | |
8.4 | Asia Pacific | |
8.4.1 | Asia Pacific Light Weapons Market Size by End-User | |
8.4.2 | Asia Pacific Light Weapons Market Size by Type | |
8.4.3 | Asia Pacific Light Weapons Market Size by Country | |
8.4.3.1 | China | |
8.4.3.2 | India | |
8.4.3.3 | Japan | |
8.5 | Rest of the World | |
8.5.1 | Rest of the World Light Weapons Market Size by End-User | |
8.5.2 | Rest of the World Light Weapons Market Size by Type | |
8.5.3 | Latin America | |
8.5.4 | Middle East and Africa | |
9 | Company Profile | |
9.1 | BAE Systems | |
9.1.1 | Company Overview | |
9.1.2 | Product Offerings | |
9.1.3 | Financials | |
9.1.3.1 | Overall Financials | |
9.1.3.2 | Segment Revenue Mix | |
9.1.3.3 | Geographic Revenue Mix | |
9.1.3.4 | Financial Summary | |
9.1.4 | SWOT Analysis | |
9.2 | Elbit Systems | |
9.2.1 | Company Overview | |
9.2.2 | Product Offerings | |
9.2.3 | Financials | |
9.2.3.1 | Overall Financials | |
9.2.3.2 | Segment Revenue Mix | |
9.2.3.3 | Geographic Revenue Mix | |
9.2.3.4 | Financial Summary | |
9.2.4 | SWOT Analysis | |
9.3 | FN Herstal | |
9.3.1 | Company Overview | |
9.3.2 | Product Offerings | |
9.3.3 | SWOT Analysis | |
9.4 | General Dynamics Ordnance and Tactical Systems | |
9.4.1 | Company Overview | |
9.4.2 | Product Offerings | |
9.4.3 | Financials | |
9.4.3.1 | Overall Financials | |
9.4.3.2 | Segment Revenue Mix | |
9.4.3.3 | Geographic Revenue Mix | |
9.4.3.4 | Financial Summary | |
9.4.4 | SWOT Analysis | |
9.5 | Heckler & Koch GmbH | |
9.5.1 | Company Overview | |
9.5.2 | Product Offerings | |
9.5.3 | SWOT Analysis | |
9.6 | Israel Aerospace Industries (IAI) | |
9.6.1 | Company Overview | |
9.6.2 | Product Offerings | |
9.6.3 | Financials | |
9.6.3.1 | Overall Financials | |
9.6.3.2 | Segment Revenue Mix | |
9.6.3.3 | Geographic Revenue Mix | |
9.6.3.4 | Financial Summary | |
9.6.4 | SWOT Analysis | |
9.7 | Leonardo S.p.A | |
9.7.1 | Company Overview | |
9.7.2 | Product Offerings | |
9.7.3 | Financials | |
9.7.3.1 | Overall Financials | |
9.7.3.2 | Segment Revenue Mix | |
9.7.3.3 | Geographic Revenue Mix | |
9.7.3.4 | Financial Summary | |
9.7.4 | SWOT Analysis | |
9.8 | Lockheed Martin | |
9.8.1 | Company Overview | |
9.8.2 | Product Offerings | |
9.8.3 | Financials | |
9.8.3.1 | Overall Financials | |
9.8.3.2 | Segment Revenue Mix | |
9.8.3.3 | Geographic Revenue Mix | |
9.8.3.4 | Financial Summary | |
9.8.4 | SWOT Analysis | |
9.9 | Orbital ATK, Inc. | |
9.9.1 | Company Overview | |
9.9.2 | Product Offerings | |
9.9.3 | Financials | |
9.9.3.1 | Overall Financials | |
9.9.3.2 | Segment Revenue Mix | |
9.9.3.3 | Financial Summary | |
9.9.4 | SWOT Analysis | |
9.10 | Rafael Advanced Defense Systems Ltd. | |
9.10.1 | Company Overview | |
9.10.2 | Product Offerings | |
9.10.3 | SWOT Analysis | |
9.11 | Raytheon Inc. | |
9.11.1 | Company Overview | |
9.11.2 | Product Offerings | |
9.11.3 | Financials | |
9.11.3.1 | Overall Financials | |
9.11.3.2 | Segment Revenue Mix | |
9.11.3.3 | Geographic Revenue Mix | |
9.11.3.4 | Financial Summary | |
9.11.4 | SWOT Analysis | |
9.12 | Rheinmetall Group | |
9.12.1 | Company Overview | |
9.12.2 | Product Offerings | |
9.12.3 | Financials | |
9.12.3.1 | Overall Financials | |
9.12.3.2 | Segment Revenue Mix | |
9.12.3.3 | Geographic Revenue Mix | |
9.12.3.4 | Financial Summary | |
9.12.4 | SWOT Analysis | |
9.13 | Saab AB | |
9.13.1 | Company Overview | |
9.13.2 | Product Offerings | |
9.13.3 | Financials | |
9.13.3.1 | Overall Financials | |
9.13.3.2 | Segment Revenue Mix | |
9.13.3.3 | Geographic Revenue Mix | |
9.13.3.4 | Financial Summary | |
9.13.4 | SWOT Analysis | |
9.14 | Textron Systems | |
9.14.1 | Company Overview | |
9.14.2 | Product Offerings | |
9.14.3 | Financials | |
9.14.3.1 | Overall Financials | |
9.14.3.2 | Segment Revenue Mix | |
9.14.3.3 | Geographic Revenue Mix | |
9.14.3.4 | Financial Summary | |
9.14.4 | SWOT Analysis | |
9.15 | Thales Group | |
9.15.1 | Company Overview | |
9.15.2 | Product Offerings | |
9.15.3 | Financials | |
9.15.3.1 | Overall Financials | |
9.15.3.2 | Segment Revenue Mix | |
9.15.3.3 | Geographic Revenue Mix | |
9.15.3.4 | Financial Summary | |
9.15.4 | SWOT Analysis | |
10 | Appendix | |
10.1 | Related Reports | |
List of Tables | ||
Table 1 | Market Snapshot: Global Light Weapons Market | |
Table 2.1 | Share of Top 10 Largest Arms Importers (%) | |
Table 2.2 | Light Weapons Usage by Non-State Armed Groups | |
Table 2.3 | Defense Agencies Procurement Plans of Light Weapons | |
Table 3.1 | Key Contracts | |
Table 3.2 | Partnerships, Agreements, Joint Ventures and Collaborations | |
Table 3.3 | Other Developments | |
Table 4.1 | Small Arms and Light Weapons Imports and Exports, 2014 ($Million) | |
Table 4.2 | Exporters of Small Arms and Light Weapons by Country, 2012 | |
Table 4.3 | Importers of Small Arms and Light Weapons by Country, 2012 | |
Table 4.4 | List of Legislations | |
Table 4.5 | Global Defense Budget, 2016 | |
Table 6.1 | Light Weapons Market by Type 2016-2021 ($Million) | |
Table 7.1 | Light Weapons Market by End-User 2016-2021 ($Million) | |
Table 7.2 | Developments in Light Weapons Market | |
Table 8.1 | Global Light Weapons Market Size by Geography, 2016-2021 | |
Table 8.2 | Latin America Imports by Countries | |
List of Figures | ||
Figure 1 | Global Defense Budget, 2004-2016 | |
Figure 2 | Advantages of Light Weapons | |
Figure 3 | Light Weapons Market Snapshot, 2016 and 2021 | |
Figure 4 | Number of Terrorist Incidents, 2000 - 2016 | |
Figure 5 | Light Weapons Market Size by Type, 2016 and 2021 | |
Figure 6 | Light Weapons Market Size by End-User, 2016 and 2021 | |
Figure 7 | Light Weapons Market Size by Region, 2016 | |
Figure 8 | Light Weapons Market Size by Country, 2016 | |
Figure 9 | Geographical Distribution of Light Weapons Market Size by Type, 2016 | |
Figure 1.1 | Global Light Weapons Market Scope | |
Figure 1.2 | Light Weapons Market Research Methodology | |
Figure 1.3 | Secondary Data Sources | |
Figure 1.4 | Top Down and Bottom Up Approach | |
Figure 1.5 | Light Weapons Market Influencing Factors | |
Figure 1.6 | Assumptions and Limitations | |
Figure 2.1 | Market Dynamics Snapshot | |
Figure 2.2 | Impact Analysis on Market Drivers | |
Figure 2.3 | Impact Analysis on Market Challenges | |
Figure 2.4 | Deaths from Terrorism, 2014 and 2015 | |
Figure 2.5 | Terrorist Attacks around the World, 2015 | |
Figure 2.6 | Global Military Spending, 2016 | |
Figure 3.1 | Key Strategies Adopted by Market Players | |
Figure 3.2 | Percentage Share of Strategies Adopted by the Market Players, 2014-2017 | |
Figure 3.3 | Competitive Benchmarking | |
Figure 3.4 | Market Players Ranking | |
Figure 4.1 | Six Principles to Curb Small Arms and Light Weapons | |
Figure 4.2 | Six Principles to Curb Small Arms and Light Weapons | |
Figure 4.3 | Lifecycle of a Gun | |
Figure 4.4 | Value Chain Analysis | |
Figure 5.1 | Global Light Weapons Market Size, 2016-2021 | |
Figure 6.1 | Classification of Global Light Weapons Market by Type | |
Figure 6.2 | Light Weapons Market by Type, 2016 and 2021 | |
Figure 6.3 | Anti-Tank Guided Weapons Market Size, 2016 - 2021 | |
Figure 6.4 | Anti-Aircraft Missile Market Size, 2016 - 2021 | |
Figure 6.5 | Rocket Launchers Market Size, 2016 - 2021 | |
Figure 6.6 | MANPADS Market Size, 2016 - 2021 | |
Figure 6.7 | Heavy Machine Guns Market Size, 2016 - 2021 | |
Figure 6.8 | Light Cannons Market Size, 2016 - 2021 | |
Figure 6.9 | Recoilless Rifles Market Size, 2016 - 2021 | |
Figure 6.10 | Grenade Launchers Market Size, 2016 - 2021 | |
Figure 6.11 | Mortars Market Size, 2016 - 2021 | |
Figure 6.12 | Grenades Market Size, 2016 - 2021 | |
Figure 6.13 | Rocket Propelled Grenades Market Size, 2016 - 2021 | |
Figure 7.1 | Classification of Global Light Weapons Market by End-User | |
Figure 7.2 | Global Light Weapons Market by End-User, 2016 and 2021 | |
Figure 7.3 | Military Market Size, 2016-2021 | |
Figure 7.4 | Homeland Security Market Size, 2016-2021 | |
Figure 8.1 | Classification of Global Light Weapons Market by Region | |
Figure 8.2 | Geographic Distribution of Light Weapons Market, 2016 -2021 | |
Figure 8.3 | North American Light Weapons Market Size by Country, 2016-2021 | |
Figure 8.4 | North America Light Weapons Market Size by End-User, 2016-2021 | |
Figure 8.5 | North America Light Weapons Market Size by Type, 2016-2021 | |
Figure 8.6 | Light Weapons Market in the U.S., 2016-2021 | |
Figure 8.7 | Total U.S. Arms Exports, 2010-2017 | |
Figure 8.8 | Light Weapons Market in Canada, 2016-2021 | |
Figure 8.9 | European Light Weapons Market Size by Country, 2016-2021 | |
Figure 8.10 | European Light Weapons Market Size by End-User, 2016-2021 | |
Figure 8.11 | European Light Weapons Market Size by Type, 2016-2021 | |
Figure 8.12 | Light Weapons Market in the U.K., 2016-2021 | |
Figure 8.13 | Light Weapons Market in Germany, 2016-2021 | |
Figure 8.14 | Light Weapons Market in Russia, 2016-2021 | |
Figure 8.15 | Light Weapons Market in France, 2016-2021 | |
Figure 8.16 | Asia Pacific Light Weapons Market by Country, 2016-2021 | |
Figure 8.17 | Asia Pacific Light Weapons Market Size by End-User, 2016-2021 | |
Figure 8.18 | Asia Pacific Light Weapons Market Size by Type, 2016-2021 | |
Figure 8.19 | Light Weapons Market in China, 2016-2021 | |
Figure 8.20 | Light Weapons Market in India, 2016-2021 | |
Figure 8.21 | Light Weapons Market in Japan, 2016-2021 | |
Figure 8.22 | Light Weapons Market in Rest of the World, 2016-2021 | |
Figure 8.23 | Rest of the World Light Weapons Market by End-User, 2016-2021 | |
Figure 8.24 | Rest of the World Light Weapons Market by Type, 2016-2021 | |
Figure 8.25 | Light Weapons Market in Latin America, 2016-2021 | |
Figure 8.26 | Light Weapons Market in Middle East and Africa, 2016-2021 | |
Figure 9.1 | BAE Systems – Product Offerings | |
Figure 9.2 | BAE Systems – Overall Financials, 2014-2016 | |
Figure 9.3 | BAE Systems – Business Segment Revenue Mix, 2014-2016 | |
Figure 9.4 | BAE Systems– Geographic Revenue Mix, 2014-2016 | |
Figure 9.5 | SWOT Analysis – BAE Systems | |
Figure 9.6 | Elbit Systems – Product Offerings | |
Figure 9.7 | Elbit Systems – Overall Financials, 2014-2016 | |
Figure 9.8 | Elbit Systems–Business Segment Revenue Mix, 2014-2016 | |
Figure 9.9 | Elbit Systems – Geographic Revenue Mix, 2014-2016 | |
Figure 9.10 | SWOT Analysis – Elbit Systems | |
Figure 9.11 | FN Herstal: Product Offerings | |
Figure 9.12 | FN Herstal: SWOT Analysis | |
Figure 9.13 | General Dynamics – Product Offerings | |
Figure 9.14 | General Dynamics – Overall Financials, 2014-2016 | |
Figure 9.15 | General Dynamics– Business Segment Revenue Mix, 2014-2016 | |
Figure 9.16 | General Dynamics– Geographic Revenue Mix, 2014-2016 | |
Figure 9.17 | SWOT Analysis – General Dynamics | |
Figure 9.18 | Heckler & Koch: Product Offerings | |
Figure 9.19 | Heckler & Koch AG: SWOT Analysis | |
Figure 9.20 | IAI – Product Offerings | |
Figure 9.21 | Israel Aerospace Industries (IAI) – Overall Financials, 2014-2016 | |
Figure 9.22 | Israel Aerospace Industries (IAI)–Business Segment Revenue Mix, 2014-2016 | |
Figure 9.23 | Israel Aerospace Industries (IAI) – Geographic Revenue Mix, 2014-2016 | |
Figure 9.24 | SWOT Analysis -- Israel Aerospace Industries (IAI) | |
Figure 9.25 | Leonardo S.p.A – Product Offerings | |
Figure 9.26 | Leonardo S.p.A – Overall Financials, 2014-2016 | |
Figure 9.27 | Leonardo S.p.A –Business Segment Revenue Mix, 2014-2016 | |
Figure 9.28 | Leonardo S.p.A – Geographic Revenue Mix, 2014-2016 | |
Figure 9.29 | SWOT Analysis – Leonardo S.p.A | |
Figure 9.30 | Lockheed Martin – Product Offerings | |
Figure 9.31 | Lockheed Martin – Overall Financials, 2014-2016 | |
Figure 9.32 | Lockheed Martin – Business Segment Revenue Mix, 2014-2016 | |
Figure 9.33 | Lockheed Martin – Geographic Revenue Mix, 2014 - 2016 | |
Figure 9.34 | SWOT Analysis – Lockheed Martin | |
Figure 9.35 | Orbital ATK, Inc.: Product Offerings | |
Figure 9.36 | Orbital ATK, Inc. – Overall Financials, 2014-2016 | |
Figure 9.37 | Orbital ATK, Inc. – Segment Revenue Mix, 2014-2016 | |
Figure 9.38 | Orbital ATK, Inc. – SWOT Analysis | |
Figure 9.39 | Rafael Advanced Defense Systems Ltd.: Product Offerings | |
Figure 9.40 | Rafael Advanced Defense Systems Ltd.: SWOT Analysis | |
Figure 9.41 | Raytheon Inc. – Product Offerings | |
Figure 9.42 | Raytheon Inc. – Overall Financials, 2014-2016 | |
Figure 9.43 | Raytheon Inc. – Business Segment Revenue Mix, 2014-16 | |
Figure 9.44 | Raytheon Inc. – Geographic Revenue Mix, 2014-2016 | |
Figure 9.45 | SWOT Analysis – Raytheon Inc. | |
Figure 9.46 | Rheinmetall Group – Product Offerings | |
Figure 9.47 | Rheinmetall Group – Overall Financials, 2014-2016 | |
Figure 9.48 | Rheinmetall Group – Business Segment Revenue Mix, 2015-16 | |
Figure 9.49 | Rheinmetall Group – Geographic Revenue Mix, 2015-2016 | |
Figure 9.50 | SWOT Analysis – Rheinmetall Group | |
Figure 9.51 | Saab AB – Product Offerings | |
Figure 9.52 | Saab AB – Overall Financials, 2014-2016 | |
Figure 9.53 | Saab AB – Business Segment Revenue Mix, 2014-2016 | |
Figure 9.54 | Saab AB – Geographic Revenue Mix, 2014-2016 | |
Figure 9.55 | SWOT Analysis -- Saab AB | |
Figure 9.56 | Textron Systems – Product Offerings | |
Figure 9.57 | Textron Systems – Overall Financials, 2014-2016 | |
Figure 9.58 | Textron Systems – Business Segment Revenue Mix, 2014-2016 | |
Figure 9.59 | Textron Systems – Geographic Revenue Mix, 2014-2016 | |
Figure 9.60 | Textron Systems – SWOT Analysis | |
Figure 9.61 | Thales Group – Product Offerings | |
Figure 9.62 | Thales Group – Overall Financials, 2014-2016 | |
Figure 9.63 | Thales Group – Business Segment Revenue Mix, 2014-2016 | |
Figure 9.64 | Thales Group – Geographic Revenue Mix, 2014-2016 | |
Figure 9.65 | SWOT Analysis – Thales Group |
Cold-war period led to the major developments in the weapons technology due to rising tensions of large-scale conflict between USSR and the U.S. The period witnessed a huge proliferation in all types of weapons ranging from nuclear to light ones. The advancements in technology has also led to the development of portable weapons. The portable weapons are generally small arms and light weapons which are easy to operate, cost-effective, and durable. Since, 13th century small arms have undergone a massive transformation in design and operation. Nations have continued to use their military as an instrument of force to attain their national objective, whether it is local or beyond borders.
Light weapon is a broad term that refers to any weapon that can be carried by two or three people serving as a crew. Light weapons are increasingly being adopted across military and homeland security end-users. Some of the prime factors behind the rise in the demand of light weapons are changing nature of warfare, increasing land disputes across the borders, and rise in defense spending.
FIGURE 1
GLOBAL LIGHT WEAPONS MARKET, 2016-2021
Source: Secondary Research, Expert Views and BIS Research Analysis
The demand for light weapons is swiftly increasing among different end-users across the globe. The market is driven by several factors, such as increasing terrorist incidents, rising instability in Middle-East and Africa, and military modernization programs, among others.
The light weapons market accounted for a market value of $10.21 billion in 2016, with military end-user holding the highest share.
FIGURE 2
GLOBAL LIGHT WEAPONS MARKET ANALYSIS BY TYPE
Source: Secondary Research, Expert Views and BIS Research Analysis
The Anti-Tank Guided Weapons (ATGWs) market accounts for a large share in overall revenue generated. The high share of ATGW is mainly attributed to the growing need for the guided weapons across defense agencies. During the forecast period, the grenade launchers market is expected to grow at a faster rate in comparison with other types.
North America is expected to dominate the market during the forecast period (2017-2021) which is followed by Asia Pacific, Europe, and Rest of the world. The United States is the leading country in the light weapons market, globally, and is expected to maintain its dominance during the forecast period. Asia Pacific is expected to grow at the highest CAGR with China dominating the market in this region. This region is growing at a much faster rate as compared to North America and Europe due to continuous efforts by both the government and light weapons manufacturers.
Some of the key players in the light weapons market include: Lockheed Martin, Orbital ATK, Raytheon, General Dynamics, BAE Systems, FN Herstal, Heckler and Koch, Thales Group, Saab AB, Rafael Advanced Defense Systems, Elbit Systems, among others.
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