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The small arms market is estimated to register substantial growth during the forecast period owing to increasing demand from various applications during the forecast period. Also, this market has witnessed several key developments by major companies operating in the market including new product development, partnerships, contracts, and so on.
Small arms is a word used by the military to indicate an individual soldier's weapons of infantry. Usually, the description is restricted to revolvers, pistols, submachine guns, carbohydrates, attack rifles, combat rifles, sniper rifles, automatic squad weapons, light machine guns and sometimes hand grenades. Depending on the specific armed forces, shotguns, general-purpose machine guns, medium machine guns, and grenade launchers may be regarded as small arms or as support weapons. Typically, small arms do not include arms to help the infantry.
The growing demand from civilian apps such as sports and self-defense is anticipated to drive development in the small arms market. The increasing incidence of terrorism and armed violence in the latest years has led more civilians to procure small arms for self-defense. Because of the same variables, the military and law enforcement agencies around the globe have invested more in the procurement of sophisticated weapons systems, including significant small arms such as rifles, pistols, etc. In the coming years, these factors are anticipated to play significant roles in market growth.
The market for small arms firing systems is dominated by the gas-operated segment, which in pistols, rifles and other significant kinds of small arms is the most widely used firing system or technology. This segment is also anticipated to see the greatest development in the coming years due to several advantages of the gas-operated firing scheme, including durability, accuracy, effectiveness, greater number of fired rounds, and so on. Recoil operated and manually operated mechanisms are found primarily in low-powered rifles used in civilian apps such as hunting and short-range shooting sports.
Key Factors Impacting Market Growth:
Growing Number of Participants in Hunting and Shooting Sports
Rising demand for Handguns for Self Defense and Law Enforcement Agencies
Increase in Defense Expenditure
Difficult Procurement Procedures of the Government
Regional Analysis:
The regional outlook section provides a region-wise detailed understanding of the small arms market. Regional segmentation considered in the study includes North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are estimated to dominate the market with an established aerospace & defense infrastructure. Some of the major companies operating in the market are headquartered in these regions. In addition to this favorable government policy towards the development of aerospace & defense technologies and related investments is another key factor driving the demand in the region. Major countries in this region include the US, Germany, UK, France, Canada, Italy, and others have been considered in the study.
The Asia Pacific region is estimated to be the fastest-growing market during the forecast period. This demand in the Asia Pacific region is driven by government initiatives towards the establishment and development of new technologies in the aerospace & defense sector. This region has witnessed substantial growth in the aerospace & defense sector in the past few decades. Moreover, major investments by global players in this region with direct investments or partnerships are expected to have a major impact on the dynamics of the small arms market in the region. Middle East and Eastern Europe are projected to be a potential market during the forecast period with stable demand.
Companies Covered: Fabbrica d'Armi Pietro Beretta S.p.A., Colt Manufacturing Company LLC., GLOCK Ges.m.b.H, Heckler and Koch GmbH, HS Produkt, Israeli Weapon Industries, Concern Kalashnikov, Remington Arms Company LLC, SIG Sauer, Smith & Wesson…
Market Segmentation:
By Type:
Pistol
Revolver
Rifle
Machine Gun
Shotgun
Others
By Technology:
Guided
Unguided
By Caliber:
5.56mm
7.62mm
9mm
12.7mm
14.5mm
Others
By Cutting Type:
Smooth Bore
Threaded
By Firing Systems:
Gas-operated
Recoil-operated
Manually-operated
By Application:
Military
Law Enforcement
Hunting
Sports
Self-defense
By Region:
North America
By Country (US, Canada, Mexico)
By Type
By Technology
By Caliber
By Cutting Type
By Firing System
By Application
Western Europe:
By Country (Germany, UK, France, Spain, Italy, Rest of Western Europe)
By Type
By Technology
By Caliber
By Cutting Type
By Firing System
By Application
Eastern Europe:
By Country (Russia, Turkey, Rest of Eastern Europe)
By Type
By Technology
By Caliber
By Cutting Type
By Firing System
By Application
Asia Pacific
By Country (China, Japan, India, Australia, South Korea, Rest of Asia Pacific)
By Type
By Technology
By Caliber
By Cutting Type
By Firing System
By Application
Middle East:
By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
By Type
By Technology
By Caliber
By Cutting Type
By Firing System
By Application
Rest of the World
By Region (South America, Africa)
By Type
By Technology
By Caliber
By Cutting Type
By Firing System
By Application
Reasons To Buy This Report:
Market size estimation of the small arms market on a regional and global basis
Unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
By Segment
By Sub-segment
By Region/Country
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