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Market for Light Weapons is More Dominant in the Asia-Pacific Regions, With High Investments in Anti-Tank Guided Weapons

The global light weapons market is estimated to be $1.36 billion in 2014 and is expected to reach $1.56 billion in 2019. The entire light weapons market can be divided into three basic segments: anti-tank guided weapons (ATGW) market, man-portable air-defence systems (MANPAD) market and unguided weapons market. The ATGW market is estimated to be $908.47 million in 2014 and is expected to register a CAGR of 3.14% to reach $1.60 billion in 2019. The global MANPAD market is estimated to be $123.88 million in 2014 and is expected to register a CAGR of 1.67% to reach $131.63 million in 2019. The global unguided weapons market is estimated to be $333.92 million in 2014 and is expected to register a CAGR of 1.90% to reach $366.87 million in 2019.

The key growth regions will be Asia-Pacific, Latin America, and Africa. Countries such as China, Argentina, Mexico, and Saudi Arabia, will show reliable levels of growth.

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The growth for this market will be sluggish in the North American and European regions. The man-portable air defence systems market is expected to grow rapidly over the next 5 years. Significant investments are being made by the countries from the Asia-Pacific, Middle Eastern, and Latin American regions, in the design and development of high-precision weapons will prove to be a prominent driver for the light weapons market. The emerging countries like India, Singapore, and South Korea, will actively be involved in manufacturing firearms, mortars, and grenade launchers.

The increasing demand in anti-tank guided weapons will significantly drive the land-based platform of this market. Heavy machine guns shall be in high demand and procured by most of the homeland security forces of the world.

Asia-Pacific, the Middle East, and Latin America, show a consistent level of growth. China, Argentina, Mexico, and Saudi Arabia, are the emerging markets of light weapons and will also show a reliable growth over the next few years.

The driving factor for this market will be the emergent need for safety and security worldwide. The technologically-advanced light weapons with a compact design and high-precision rate shall be the most sought-after products in the coming years. There will be an increased demand of heavy machine guns and recoilless rifles by homeland security forces. This factor shall drive these products to show an increasing demand in the coming years.

A stringent market growth will be seen in countries such as the U.S. and France for anti-tank guided weapons. The North American and European regions will show a comparatively sluggish growth over the next 5 years. There will be a high growth in the global share of light weapons in African and Sub-African regions.

Alliant Techsystems Inc. (U.S.), Lockheed Martine (U.S.), Raytheon (U.S.), and General Dynamics (U.S.), shall be the market leaders as they occupy a significant share of the light weapons market. Rheinmetall (Germany), BAE (U.K.), and Thales (France), shall also continue to make a significant contribution to this market.

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