2020- Demand of Small Arms and Light Weapons Globally makes Its Market to Rise Expeditiously

SALW Market

Soldier Modernization Programs and Police Modernization Programs are the primary factors supporting growth of the global Small Arms and Light Weapons (SALW) market. Moreover, the demand for Small Arms and Light Weapons (SALW) is expected to remain high as a result of increase in urban warfare. Furthermore, measures taken by various countries to restrict drug trafficking has also fuelled the demand for Small Arms and Light Weapons. Considering these positive factors, the demand for Small Arms and Light Weapons (SALW) is set to rise during the forecast period from 2015 – 2023.

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The Small Arms and Light Weapons (SALW) market on the basis of type has been segmented into: small arms and light weapons. The small arms category has been further segmented into pistols, rifles, handguns, shotguns, man-portable machine guns and others. The light weapons category has been further segmented into landmines, mortars, grenade launchers, rocket launchers, Rocket Propelled Grenades (RPGs), anti tank weapons, anti aircraft weapons and others

In terms of application, the Small Arms and Light Weapons (SALW) market has been segmented into military, law enforcement and others. The military segment was the largest in the Small Arms and Light Weapons (SALW) market in 2014 and is expected to maintain its dominance throughout the forecast period.

On the basis of geography, the Small Arms and Light Weapons (SALW) market has been segmented into four categories North America, Europe, Asia Pacific and Rest of the World (RoW). Europe occupied the largest share in the market in 2014 accounting for more than 30% whereas North America was the second largest market in 2014.

Some of the major players in the market are Hecker & Koch GmBH, General Dynamics Corporation, FN Herstal, S.A., Sturm, Ruger & Company, Inc., SIG SAUER GmbH & Co., Colt's Manufacturing Company LLC, Carl Walther GmbH, Lockheed Martin Corporation, Glock Ges. m.b.H., Browning Arms Company and Beretta S.p.A. among others.

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