The Global Small Weapons market is expected to be $1,695.41 million in 2014 and is expected to grow at a CAGR of 2.60% and reach $1,927.46 million in 2019.
The small arms research report segments the market on the basis of products, types, application and geography, country, forecasting revenues, market share, and analyzing trends in each of the sub segments.
The small arms market report consists of rifles, assault rifles pistols, sub machine guns and light machine guns. On the basis of applications, the report segments into civil, homeland security, and military.
The report provides a complete analysis of the global small arms market across the next five years. The report also provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and other key news. It provides information about the leading competitors in the global small arms market. Apart from a general overview of these companies, it also provides details on their financial positions, key products, their unique selling points, and key developments.
Self-defense, change in nature of warfare, militarization of police force, lethality, low cost of small weapons, drug trafficking, and binary-coded gun barrels are the driving factors of the global small weapon market. Whereas, U.S. small arms treaty and licensing procedure are the restraints of this market.
The report discusses the market opportunities for various small weapons used for homeland security, defense, and commercial applications, during the forecast period 2014-2019. The small arms which are covered in the report have various ammunition specifications. These include the 0.22 Revolver, Pistol 0.32, 5.56 mm and Assault Rifle. Asia-Pacific is the new leader in their region, due to their defense spending and their current national security situation.
The U.S. is a major market for SALW. It has an expected growth of 2.74% by 2019. The European SALW market is estimated to be $342.81million in 2014 and is expected to register a growth of 2.39%.
The efficiency of a small-arms weapon can be increased by attaching accessories to it. The need for a more flexible type of weapon that can be easily reconfigured to meet different operational needs and accommodate a range of sophisticated accessories ,has led to the evolution of infantry rifles into modular weapons. Night vision and laser range finder accessories can be attached to the weapon to enhance its features.
The regions taken into consideration are North America, Latin America, Asia-Pacific, Europe, and the Middle East.
The report also contains PEST (Political, Economic, Socio cultural, and Technological) Analysis, which highlights the factors that dominate the SALW market.
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