Significant reduction in the defense spending by the developed economies has left the defense industry in a state of flux. Therefore, the industry players are continually increasing their focus on unexplored markets. This requires a deep and dynamic understanding of the defense sector across various regions as well as that of the changing regulatory landscape. The BIS team of skilled analysts and industry experts conduct deep-dive studies to solve and identify some of the key issues, which help our clients in their decision-making process.
The BIS Defense segment provides global market intelligence, thought leadership to execute key growth opportunities, and advisory services covering a wide range of sectors including Arms & Ammunition, Aircraft Systems, Unmanned Systems, Warfare Systems, and others. Our reports and services help our clients identify and analyze the impact of evolving new emerging technologies, mega trends on operational environments, end-user needs and supply chain and market data forecast, and other critical insights.
The arms and ammunition market in Peru is anticipated to generate a revenue of $9.1 million by 2022. The demand for arms and ammunition is majorly attributed to the growing demand for weapons by civilians for self defense.
The arms and ammunition market in Paraguay is anticipated to generate a revenue of $19 million by 2022. The demand is majorly attributed to come from the tourism industry for hunting and shooting sports applications.
The arms and ammunition market in Argentina is anticipated to generate a revenue of $23.5 million by 2022. The demand for arms and ammunition is majorly attributed to the growing interest for arms and ammunition from the tourism industry for hunting and shooting sports applications.
Global small arms market is a well-established industry with a few reputed players. But with the waning geopolitical situation fraught with sectarian wars in the Middle East, political instability and local armed insurgencies, the demand for small arms is set to grow rapidly in the coming years. The global small arms market is expected to reach $5695.86 million by 2022.