Global Light Weapons Market 2019-2023

Global Light Weapons Market 2019-2023

About this market

The evolution of the battlefield environment has necessitated the subsequent upgrade and customization of armament. The need for high-precision, lightweight, and compact weapon systems has led innovators to invest considerable resources in the development of sophisticated weapon systems. The evolution of technology has led to the development of guided weapons with a high target hit ratio, which are supported through a range of accessories such as weapon sights, night vision devices, aiming lasers, laser rangefinders, and fire control systems. Such developments are expected to drive the global light weapons market during the forecast period. Technavio’s analysts have predicted that the light weapons market will register a CAGR of almost 6% by 2023.

Market Overview

Design upgrade boosting market prospects

Weapon manufacturers have started using composite alloys in their product offerings based on the requirements of modern soldiers. This has resulted in the newer variants of weapons being significantly lighter than their older counterparts. Currently, light weapons manufacturers are focusing on the development of cost-effective, long-range weapons that can cause serious damage to enemy infantry. These weapon enhancements are expected to drive the light weapons market during the forecast period.

Evolving global crisis affecting market prospects

Investments are vital for modernization programs. Increased investments in R&D of the light weapons are essential to reverse the trend toward obsolescence and to ensure overmatch over future and current enemies. Significant investments are required to replace older technologies and weapons with modern equipment. The cost of new technologies, especially new concepts, is expected to be high and economically infeasible unless the mass adoption of such technologies takes place. This may adversely affect the global light weapons market.

For the detailed list of factors that will drive and challenge the growth of the light weapons market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Light Weapons Market 2019-2023

Technavio recognizes the following companies as the key players in the global light weapons market: General Dynamics Corporation, Lockheed Martin Corporation, MBDA Nammo AS, Northrop Grumman Corporation, Raytheon Company, Saab AB.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the emergence of multi- featured systems.”

According to the report, one of the major drivers for this market is the increase in the procurement of advanced weapons is expected to drive the market during our forecast period.

Further, the report states that one of the major factors hindering the growth of this market is the arms trafficking hindering market potential.

Companies Mentioned

General Dynamics Corporation

Lockheed Martin Corporation

MBDA

Nammo AS

Northrop Grumman Corporation

Raytheon Company

Saab AB

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global small arms and light weapons (SALW) market
      • Table Segments of global small arms and light weapons (SALW) market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by technology
    • Table Technology - Market share 2018-2023 (%)
    • Comparison by technology
      • Table Comparison by technology
    • Unguided - Market size and forecast 2018-2023
      • Table Unguided - Market size and forecast 2018-2023 ($ billions)
      • Table Unguided - Year-over-year growth 2019-2023 (%)
    • Guided - Market size and forecast 2018-2023
      • Table Guided - Market size and forecast 2018-2023 ($ billions)
      • Table Guided - Year-over-year growth 2019-2023 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ billions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ billions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ billions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ billions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Development of recoilless artillery
    • Emergence of multi-featured systems
    • Growth in battlefield digitization
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • General Dynamics Corporation
      • Table General Dynamics Corporation - Vendor overview
      • Table General Dynamics Corporation - Business segments
      • Table General Dynamics Corporation - Organizational developments
      • Table General Dynamics Corporation - Geographic focus
      • Table General Dynamics Corporation - Segment focus
      • Table General Dynamics Corporation - Key offerings
      • Table General Dynamics Corporation - Key customers
    • Lockheed Martin Corporation
      • Table Lockheed Martin Corporation - Vendor overview
      • Table Lockheed Martin Corporation - Business segments
      • Table Lockheed Martin Corporation - Organizational developments
      • Table Lockheed Martin Corporation - Geographic focus
      • Table Lockheed Martin Corporation - Segment focus
      • Table Lockheed Martin Corporation - Key offerings
      • Table Lockheed Martin Corporation - Key customers
    • MBDA
      • Table MBDA - Vendor overview
      • Table MBDA - Product segments
      • Table MBDA - Organizational developments
      • Table MBDA - Key offerings
      • Table MBDA - Key customers
    • Nammo AS
      • Table Nammo AS - Vendor overview
      • Table Nammo AS - Product segments
      • Table Nammo AS - Organizational developments
      • Table Nammo AS - Geographic focus
      • Table Nammo AS - Key offerings
      • Table Nammo AS - Key customers
    • Northrop Grumman Corporation
      • Table Northrop Grumman Corporation - Vendor overview
      • Table Northrop Grumman Corporation - Business segments
      • Table Northrop Grumman Corporation - Organizational developments
      • Table Northrop Grumman Corporation - Geographic focus
      • Table Northrop Grumman Corporation - Segment focus
      • Table Northrop Grumman Corporation - Key offerings
      • Table Northrop Grumman Corporation - Key customers
    • Raytheon Company
      • Table Raytheon Company - Vendor overview
      • Table Raytheon Company - Business segments
      • Table Raytheon Company - Organizational developments
      • Table Raytheon Company - Geographic focus
      • Table Raytheon Company - Segment focus
      • Table Raytheon Company - Key offerings
      • Table Raytheon Company - Key customers
    • Saab AB
      • Table Saab AB - Vendor overview
      • Table Saab AB - Business segments
      • Table Saab AB - Organizational developments
      • Table Saab AB - Geographic focus
      • Table Saab AB - Segment focus
      • Table Saab AB - Key offerings
      • Table Saab AB - Key customers
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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