The global small arms market is expected to grow from an estimated USD 4.09 billion in 2015 to USD 4.92 billion by 2020, at a CAGR of 3.8% from 2015 to 2020. The small arms market is driven by several factors, such as rising number of wars and cross-border disputes, rise in terrorism, and increasing civilian use of small arms for sports and self-defense, globally. Complete report on small arms market spread across 225 pages, profiling 11 companies and supported with 156 tables and 157 figures is now available at http://www.rnrmarketresearch.com/small-arms-market-pistols-rifles-sub-machine-guns-assault-rifles-and-light-machine-guns-by-application-civil-military-homeland-security-by-region-by-country-global-forecasts-and-analysis-market-report.html .
Sports segment to witness highest growth during the forecast period. The key end users considered for the market study are military, law enforcement, hunting, sports, and self-defense. The sports segment is estimated to grow at the highest CAGR during the forecast period. This rapid growth can be attributed to the increasing civilian participation in shooting sports, such as target shooting, rifle shooting, and handgun shooting, and so on, globally.
The North American region dominates the global small arms market as of 2015, and is expected to continue its dominance during the forecast period of 2015 to 2020. The U.S. is considered to be the largest market for small arms, primarily owing to the high military expenditure, impacts of terrorism, rising armed violence in the country, and so on, thereby resulting in the large share of the North American region in the global small arms market.
The small arms market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period. This rapid growth can be attributed to the increasing procurement of advanced sniper rifles, assault rifles, heavy machine guns, and pistols, among others, by military forces and law enforcement agencies in the region, primarily as part of their modernization programs as well as for advanced combat and counter-terrorist operations.
The key players in the small arms market include Orbital ATK, Smith & Wesson Holding Corporation, Sturm, Ruger & Company Inc., Freedom Group, General Dynamics Corporation, Forjas Taurus SA, Glock Ges.M.B.H, Heckler & Koch GmbH, Colt’s Manufacturing Company, LLC, Herstal SA and Beretta Holding S.P.A. Priced at $5650 for a single user PDF, Inquire Before Buying on “Small Arms Market by End User (Military, Law Enforcement, Hunting, Sports, Self-defense), Type (Pistol, Revolver, Rifle, Machine Gun, Shotgun), Caliber (5.56MM, 7.62MM, 9MM), Technology, Cutting Type, Firing Systems, & Region - Global Forecast to 2020” research report can be requested at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=160340 .
On a related note, another research titled Military Laser Systems Market Forecast and Analysis to 2020 says, the military laser systems market is expected to grow from USD 3.03 billion in 2015 to USD 4.63 billion by 2020, at a CAGR of 8.86% from 2015 to 2020. The defense application segment holds the largest share of the total military laser systems market in 2015 due to the increase in applications and technological requirements in lethal weapons for military forces, globally. Companies like Raytheon Company (U.S.), Coherent Inc. (U.S.), Newport Corporation (U.S.), Lockheed Martin Corporation (U.S.), and Thales SA (France) have been profiled in this 149 pages research report available at http://www.rnrmarketresearch.com/military-laser-systems-market-by-application-laser-designator-laser-range-finder-lidar-3d-scanner-laser-weapon-dazzlers-laser-sights-proximity-fuze-ring-laser-gyro-laser-doppler-vibrometer-market-report.html .
Explore more reports on Weapons market at http://www.rnrmarketresearch.com/reports/public-sector/defense/weapons .
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