As a
result of increasing instances of violence across the world, several
countries have adopted initiatives to modernize their police force.
Moreover, measures undertaken by various countries to counter illegal
mining, deforestation and drug trafficking has also impacted the
growth of the market positively. Considering these factors and also
due to the rise in crime rates across most countries, the impact of
this driver is currently high and is expected to remain high
throughout the forecast period.
Small
Arms and Light Weapons-
In
addition, rising number of illegal activities in urban areas has led
to the adoption of small weapons by various law enforcement and
homeland security personnel. Small arms are best suited for counter
attacks in such situations. Moreover, increasing instances of
terrorist activities and conflicts have led to encounters and close
quarter combat scenarios. In such situations, small arms are the most
suitable weapon of choice. The impact of this driver is presently
high and is expected to remain high throughout the forecast period
Drug
trafficking is a major issue, which in turn gives rise to numerous
anti-social activities. The U.S. is one of the biggest victims of
this problem as cocaine, heroin, marijuana, and methamphetamines are
illegally imported from neighboring nations quite easily. Underground
organizations of Colombia and Mexico produce bulk amounts of the
drugs that reach the U.S. markets. Weak penal and judicial
institutions of these countries indicate that their struggle against
drug trafficking will continue for years to come. Consequently, the
impact of this driver (drug trafficking) on the adoption of SALW is
expected to remain high throughout the forecast period
By
type, the market is segmented into two different classes of weapons;
small arms and light weapons. Small arms refer to weapons designed
solely for individual use. Small arms include pistols, rifles,
handguns, shotguns, man-portable machine guns and others, whereas
light weapons include arms designed to be used by a crew of two or
three persons. It comprises landmines, mortars, grenade launchers,
rocket launchers, Rocket Propelled Grenades (RPGs), anti tank
weapons, anti aircraft weapons and others. Small arms and light
weapons (SALW) are widely used in military defense, homeland
security, and civil utilities among others.
In
terms of application, market is segmented into military, law
enforcement and others which include civilian, trainers and hunters
among others. The military segment was the largest segment of the
Small Arms and Light Weapons (SALW) market in 2014 in terms of
revenue and is expected to maintain its dominance throughout the
forecast period.
SALW
Market - http://bit.ly/1WzWsUx
Recent
trends have shown that 3D printed guns and corner shot rifles are
emerging trends of the small arms and light weapons market. The
market has also experienced technological advancements such as the
corner shot, which is a highly technological system that can be
attached to most of the handguns such as the Sig Sauer, Glock, and
Beretta and are extensively used by the Special Forces
On
the basis of geography, 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 Heckler & Koch GmbH
(Oberndorf am Neckar, Germany), General Dynamics Corporation
(Virginia, U.S.), FN Herstal S.A. (Herstal, Belgium), Sturm, Ruger &
Company, Inc. (Connecticut, U.S.), SIG SAUER GmbH & Co.
(Eckernförde, Germany), Colt's Manufacturing Company LLC
(Connecticut, U.S.), Carl Walther GmbH (Ulm, Germany), Lockheed
Martin Corporation(Maryland, U.S.), Glock Ges. m.b.H. (Deutsch
Wagram, Austria), Browning Arms Company (Utah, U.S.) and Beretta
S.p.A. (Gardone Val Trompia, Italy) among others.
No comments:
Post a Comment