Global Small Arms Market Overview:

The Small Arms refer to anything that can be a single infantry hiking easily transport light and operate independently of weapons. It usually includes pistols, submachine guns, rifles, shotgun guns, light machine guns, and another dependent projectile the kinetic energy caused by physical damage to the target firearms. Small arms are designed for personal use, while light weapons are intended for use by a group of several people. Small arms include revolvers and automatic pistols, rifles, submachine guns, assault rifles, and light machine guns. Light weapons include heavy machine guns, some types of grenade launchers, light anti-aircraft guns and anti-tank guns, and portable anti-aircraft missile system launcher.

Global Small Arms Market Insights

The global small arms market size was likely to grow at a CAGR of over 3.9% during the forecast period, 2020-2027. The military forces drive the growth of the market, and law enforcement agencies across the globe have invested more into procuring advanced weapon systems, including major small arms, such as rifles, pistols, and others. Additionally, the rising incidents of armed violence and terrorism have led the civilians to procure the weapons for self-defense purposes are likely to propel the growth of the small arms market. Further, the surge in the number of illegal activities in urban areas has led to the adoption of small weapons by various law enforcement and homeland security personnel. These factors are expected to drive the growth of the small arms industry in the analysis periods. Also, the increase in participation in hunting and shooting sports, the upsurge in demand for self-defense and law enforcement, and political instability is expected to witness remarkable growth in the market. Moreover, the various countries are growing their defense expenditure to be more stable and competitive at the global level is expected to bolster the growth of the small arms industry. Furthermore, the swelling cross border disputes across the globe and the upsurge in defense spending to strengthen the forces are positively impacting the market growth. Also, the initiatives taken by developing and developed countries to fight against terrorism has spurred the robust growth of the global small arms market in the upcoming periods. The mounting terrorist attacks and focus on counter operations, changing the nature of warfare, and rising drug trafficking and other criminal activities will boost the global small arms market in the projected periods. The government agencies in Asia Pacific regions implemented the police modernization program and soldier modernization program on account of a high number of terrorist incidents across the regions that will promulgate the growth of the global small arms market over the forecast period.

Growth Driver

Rising incidences of Conflict and Violence across the world

The absolute number of war deaths has been declining since 1946. According to the UN, in 2016, more countries experienced violent conflict than at any point in almost 30 years. At the same time, conflicts are becoming bitter. Furthermore, the regionalization of conflict, which interlinks political, socio-economic, and military issues across borders, has seen many conflicts become more prolonged, less responsive to traditional forms of resolution and more protracted. Today, crime kills far more people than the armed conflicts. According to the United Nations, In 2017, almost half a million people worldwide were killed in homicides, far surpassing the 89,000 killed in active armed conflicts and the 19,000 killed in terrorist attacks.

Type Segmental Analysis

Based on the type, the global small arms market classified into the pistol, revolver, rifle, machine gun, shotgun, and other. The rifle segment is expected to be the highest revenue share for small arms during the forecast period. The segment’s growth is primarily attributed to the upsurge in civilian procurement of rifles for shooting sports and increased procurement of sniper and assault rifles by military and law enforcement agencies. The pistol will witness a lucrative growth rate in the estimated period due to the rise in demand for highly robust, precise, and lightweight weapons.

Caliber Segmental Analysis

Based on the caliber, the global small arms market segregated into 5.56MM, 7.62MM, 9MM, 12.7 MM, 14.5 MM, and Others. The 5.56MM segment held a higher market share in 2019 and projected to dominate the global small arms market by 2027. It is due to the growing usage of 5.56MM caliber weapons by soldiers in many countries.

Technology Segmental Analysis

Based on the technology, the global small arms market bifurcates into guided and unguided. The guided segment is estimated to witness significant growth over the analysis timeframe due to the growing demand for guided weapons, which are manually targeted or self-guided after launch. Additionally, it provides increased firing accuracy and reduced ammunition consumption over their conventional counterparts. The unguided will grow at a significant rate during the forecast period because it is used for close-range combat, and larger and system operators cannot change the missile’s course after it is fired.

Cutting Type Segmental Analysis

Based on the cutting type, the global small arms market bifurcates into rifled/threaded bore and smooth bore. The rifled/threaded bore segment held for a significant market share in 2019 and will witness to gain maximum market revenue by 2027. It is attributable to the rifled bore that ensures the projectile flies accurately. The smooth bore segment is poised to witness significant growth over the forecast period due to its help in accelerating projectiles and increase ballistic effectiveness.

Operation Type Segmental Analysis

Based on the operation type, the global small arms market categorized into automatic, semi-automatic, and manual. The automatic segment is projected to expand at a higher CAGR from 2020 to 2027. It uses the potential energy stored within a cartridge to cycle the weapon rather than rely on the user. The manual segment will grow at a significant CAGR in the forecast period. It is due to the manual firing observed in low-powered rifles used in civilian applications, such as hunting and short-range shooting sports.

End-User Segmental Analysis

Based on the end-user, the global small arms market segmented into military, law enforcement, hunting, sports, and self-defense. The military segment will dominate the global Small Arms market by 2027. Due to the surge in the number of wars, conflicts, cross-border disputes, and terrorism worldwide, driving military forces to procure more efficient and advanced and small arms and weapons for their different operations. The law enforcement accounted for the largest share of the small arms market in 2019 on account of the growing human rights violation and criminal activities globally.

Region Segmental Analysis

Based on geography, the global small arms market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific estimated to project considerable growth over 2020-2026. It is due to the growing manufacturing capacities, increasing demand from defense forces for advanced weapon systems, the swelling military expenditures of significant economies of the region, and increasing civilian participation in shooting sports. North America will capture a prominent share of the small arms market by 2027. Due to the technological and financial investments for military and law enforcement purposes for high precise weapons with high target ratio.

Competitor Analysis

Companies such as Orbital ATK, Smith & Wesson Holding Corp., Sturm, Ruger, & Co., Inc., Freedom Group, General Dynamics Corporation, Forjas Taurus SA, Glock Ges.M.B.H, Heckler & Koch GmbH, Colt’s Manufacturing Company, LLC, Herstal SA, and Beretta Holding S.P.A are the key players in the global small arms market.

Key Stakeholders

• Market research and consulting firms
• Industry associations
• Global small arms manufacturing firm
• Research organizations and consulting companies
• Organizations, associations, and alliances related to small arms
• Regulatory bodies
• Suppliers
• Retailers

The objective of the Research

• Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
• Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
• Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
• Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
• The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Type

• Pistol
• Revolver
• Rifle
• Machine Gun
• Shotgun
• Other

By Caliber

• 56MM
• 62MM
• 9MM
• 7 MM
• 5 MM
• Others

By Technology

• Guided
• Unguided

By Cutting Type

• Rifled/Threaded Bore
• Smooth Bore

By Operation Type

• Automatic
• Semi-Automatic
• Manual

By End-User

• Military
• Law Enforcement
• Hunting
• Sports
• Self-defense

By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa