Light Weapons Market Size, Analysis, Share, Research, Business Growth and Forecast to 2027
The global light weapons market size is expected to reach USD 17.33 billion by 2027, exhibiting a CAGR of 4.67% during the forecast period. The increasing R&D investments by major companies for the design and development of innovative light weapons is expected to bolster healthy growth of the market, states Fortune Business Insights in a report, titled “Light Weapons Market Size, Share & COVID-19 Impact Analysis, By Type (Heavy machine guns, MANPAT, Infantry Mortar, Anti-Tank Weapons, Recoilless Rifles, Launchers, Light Cannon, Anti-Tank Missiles, MANPADS, Grenade, Landmines), Guidance (Guided, Unguided), Application (Defense, Homeland Security), and Regional Forecast, 2020-2027.” The market size stood at USD 12.61 billion in 2019.

The emergence of coronavirus has steered many emerging nations into complete financial ruin. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

We are perpetually working on our reports to help uplift businesses in this crucial time. Our expertise and experience can offer enormous benefits to help regain during this global pandemic.

The report on the light weapons market reveals:

Superior analysis of the market
Notable and vital industry development
COVID-19 effect on the industry
Prominent insights into the competitive landscape
Market Driver:

Surging Terrorist Activities to Brighten Business Possibilities

The growing terrorist activities and border disputes will spur demand for the light weapons market in the foreseeable future. The rising conflicts among neighboring countries are expected to provide tremendous opportunities for the market. For instance, the ongoing disputes between China and India. The increasing military modernization programs will have an excellent effect on the market. The surge in the military budget is expected to influence the healthy growth of the market during the forecast period. The enormous R&D investment for lighter and efficient vehicles during combat will enhance the potential of the market in the foreseeable future. The perpetual advancements in weapons such as elevated range of anti-tank missiles, precision-guided firearms, and laser enabled light cannons will spur golden opportunities for the market in the near future.

Dwindled Defense Budget to Negatively Influence Market During COVID-19

The defense sector has witnessed a downfall due to the widespread of coronavirus. The growing focus of governments towards healthcare has subsequently limited the supply of weapons and reduced defense expenditure. The halt on allocated contracts owing to the restrictions imposed by the governments to curb the spread of the infection will further impede the market growth. The disruption in the supply chain and pause on production processes will aggravate the growth of the market. Nonetheless, the current border clashes will escalate the demand for light weapons in the forthcoming years, which, in turn, will bode well for the market.

Regional Analysis:

Presence of Major OEMs to Augment Market in North America

The market size in North America generated a revenue of USD 5.67 billion in 2019 and is expected to remain dominant during the forecast period. The growth in the region is attributed to the growing defense budget in the U.S and Canada. The existing key manufacturers such as General Dynamics Corporation, Northrop Grumman Corporation, and Raytheon Technologies Corporation are

Source - https://www.fortunebusinessinsights.com/light-weapons-market-103529
Light Weapons Market Size, Analysis, Share, Research, Business Growth and Forecast to 2027 The global light weapons market size is expected to reach USD 17.33 billion by 2027, exhibiting a CAGR of 4.67% during the forecast period. The increasing R&D investments by major companies for the design and development of innovative light weapons is expected to bolster healthy growth of the market, states Fortune Business Insights in a report, titled “Light Weapons Market Size, Share & COVID-19 Impact Analysis, By Type (Heavy machine guns, MANPAT, Infantry Mortar, Anti-Tank Weapons, Recoilless Rifles, Launchers, Light Cannon, Anti-Tank Missiles, MANPADS, Grenade, Landmines), Guidance (Guided, Unguided), Application (Defense, Homeland Security), and Regional Forecast, 2020-2027.” The market size stood at USD 12.61 billion in 2019. The emergence of coronavirus has steered many emerging nations into complete financial ruin. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic. We are perpetually working on our reports to help uplift businesses in this crucial time. Our expertise and experience can offer enormous benefits to help regain during this global pandemic. The report on the light weapons market reveals: Superior analysis of the market Notable and vital industry development COVID-19 effect on the industry Prominent insights into the competitive landscape Market Driver: Surging Terrorist Activities to Brighten Business Possibilities The growing terrorist activities and border disputes will spur demand for the light weapons market in the foreseeable future. The rising conflicts among neighboring countries are expected to provide tremendous opportunities for the market. For instance, the ongoing disputes between China and India. The increasing military modernization programs will have an excellent effect on the market. The surge in the military budget is expected to influence the healthy growth of the market during the forecast period. The enormous R&D investment for lighter and efficient vehicles during combat will enhance the potential of the market in the foreseeable future. The perpetual advancements in weapons such as elevated range of anti-tank missiles, precision-guided firearms, and laser enabled light cannons will spur golden opportunities for the market in the near future. Dwindled Defense Budget to Negatively Influence Market During COVID-19 The defense sector has witnessed a downfall due to the widespread of coronavirus. The growing focus of governments towards healthcare has subsequently limited the supply of weapons and reduced defense expenditure. The halt on allocated contracts owing to the restrictions imposed by the governments to curb the spread of the infection will further impede the market growth. The disruption in the supply chain and pause on production processes will aggravate the growth of the market. Nonetheless, the current border clashes will escalate the demand for light weapons in the forthcoming years, which, in turn, will bode well for the market. Regional Analysis: Presence of Major OEMs to Augment Market in North America The market size in North America generated a revenue of USD 5.67 billion in 2019 and is expected to remain dominant during the forecast period. The growth in the region is attributed to the growing defense budget in the U.S and Canada. The existing key manufacturers such as General Dynamics Corporation, Northrop Grumman Corporation, and Raytheon Technologies Corporation are Source - https://www.fortunebusinessinsights.com/light-weapons-market-103529
WWW.FORTUNEBUSINESSINSIGHTS.COM
Light Weapons Market Size, Share | Industry Growth [2020-2027]
The global light weapons market size was $12.61 Bn in 2019 & is projected to reach $17.33 Bn by 2027, exhibiting a CAGR of 4.67% during the forecast period
0 Comments 0 Shares
Sponsorship