According to a new market research report of "SALW (Small Arms: 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 to 2014 - 2019", published by MarketsandMarkets, the market is expected to register growth with a CAGR of 2.60%, and reach $1,927.46 Million by the end of 2019.
The international trade in small arms is diverse, vigorous, and creating an impact on every region of the world. The style of warfare has changed and the use of small weapons by the army has also increased. Recreational hunters and other private individuals are buying millions of imported rifles, shotguns, and rounds of ammunition each year. Millions of additional foreign-sourced weapons are procured by the military and law enforcement agencies worldwide.
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The easy availability and low cost of small arm weapons makes it an indispensable component of warfare.
The increase in crimes and the use of small arms for self-defense tactics will drive the SALW market in the given forecast period.
Browse more than 64 market data Tables with 60 Figures spread through 150 Pages and in-depth TOC on "SALW Market".
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The report provides a market analysis of the global SALW Market over the next five years. It 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 SALW 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. This research report also 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 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 global SALW Market is expected to register growth with a CAGR of 2.60%, and reach $1,927.46 Million by the end of 2019. Self-defence, 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 SALW Market.
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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. Key players like Hecklers & Koch, Smith & Wesson, Alliant Techsystems (ATK), and Israel Military Industries play a major role in the industry.
U.S. and Israel are the key players of small arms industry.
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