The global light weapons market was worth $12.61 billion in 2019. It is expected to grow to $25.61 billion by the year 2032. This is a growth rate of 5.60% per year during that time period. The global light weapons market has been experiencing significant changes and advancements in recent years. Light weapons, which include small arms such as rifles, pistols, and machine guns, as well as grenade launchers, portable anti-tank and anti-aircraft guns, and other portable weapons, play a crucial role in military and law enforcement operations worldwide. This report provides a comprehensive analysis of the current trends, emerging developments, and key factors shaping the global light weapons market.

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Key Players and Competitive Landscape

The global light weapons market is characterized by the presence of both established and emerging players, each vying for a larger market share.

• ARSENAL (Bulgaria)
• BAE Systems (The U.K)
• FN HERSTAL (Belgium)
• General Dynamics Corporation (The U.S.)
• Heckler & Koch GmbH (Germany)
• Lockheed Martin Corporation (The U.S.)
• Northrop Grumman Corporation (The U.S.)
• Raytheon Technologies Corporation (The U.S.)
• Rheinmetall AG (Germany)
• Saab AB (Sweden)
• Thales Group (France)

Market Size and Growth Projections

According to recent industry analysis, the global light weapons market was valued at $12.61 billion in 2019 and is projected to reach $25.61 billion by 2032, growing at a CAGR of 5.60% during the forecast period. This growth can be attributed to a number of factors, including increased global military spending, the ongoing demand for modernization and upgrading of armed forces, and the rising geopolitical tensions in various regions.