Small Arms and Light Weapons (SALW) Market Size, Share, Growth, and Industry Analysis, By Type (Small Arms and Light Weapons), By Application (Military, Law Enforcement and Others), Regional Insights and Forecast To 2032

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SMALL ARMS AND LIGHT WEAPONS (SALW) MARKET REPORT OVERVIEW

global small arms and light weapons market size was USD 24.91 billion in 2023 and market is projected to touch USD 32.94 billion by 2032 at CAGR 3.1% during the forecast period.

Small Arms and Light Weapons (SALW) refer to a category of firearms and related equipment designed for personal use or use by a small group of individuals. These weapons are characterized by their compact size, ease of handling, and relatively low firepower compared to heavier military weaponry. SALW encompass a wide range of firearms, including handguns, rifles, submachine guns, and shotguns, as well as associated ammunition and accessories. Despite their small size, SALW play a significant role in various conflicts, terrorism, and organized crime activities, contributing to the proliferation of violence and posing serious challenges to global peace and security.

The illicit trade and uncontrolled circulation of SALW have become major concerns for the international community. The widespread availability of these weapons exacerbates armed conflicts, facilitates human rights abuses, and hampers development efforts in many regions. Efforts to address the issue involve international agreements, such as the United Nations Program of Action on Small Arms and Light Weapons (UNPoA), aimed at promoting responsible arms transfers, preventing illegal trafficking, and enhancing international cooperation. Governments, non-governmental organizations, and other stakeholders work together to implement measures that include marking and tracing of weapons, strengthening border controls, and promoting disarmament initiatives to mitigate the negative impact of SALW on global stability.

COVID-19 IMPACT

"Market Growth Restrained by Pandemic due to Supply Chain Disruptions"

The global COVID-19 pandemic has been unprecedented and staggering; with the small arms and light weapons (SALW) market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic has disrupted global supply chains, affecting the production and distribution of various goods, including firearms and ammunition. Delays in manufacturing, transportation restrictions, and workforce shortages have led to interruptions in the supply of SALW components and final products. Governments worldwide have had to reallocate budgets to address the healthcare crisis, leading to potential shifts in defense spending. This could impact procurement plans for military-grade small arms and light weapons.

The pandemic has affected administrative and regulatory processes related to the purchase, licensing, and registration of firearms. Closure of government offices, restrictions on public gatherings, and shifts in priorities toward managing the health crisis may have impacted the ability of authorities to effectively regulate the SALW market. The market is anticipated to boost the small arms and light weapons (SALW) market growth following the pandemic.

LATEST TRENDS

"Technological Advancements to Drive Market Growth"

The SALW market has seen innovations in technology, including smart gun technologies, improved materials, and enhanced ergonomics. These advancements aim to provide better accuracy, safety features, and overall performance. As smart technologies become more integrated into firearms, there is a growing concern about cybersecurity vulnerabilities. Ensuring the security of electronic components in SALW to prevent unauthorized access and tampering is gaining attention.

Governments and security agencies are increasingly leveraging data analytics and intelligence tools to monitor and analyze trends related to SALW. This involves tracking the movement of weapons, identifying trafficking routes, and understanding patterns of illicit trade. These latest developments are anticipated to boost the small arms and light weapons (SALW) market share.

SMALL ARMS AND LIGHT WEAPONS (SALW) MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Small Arms and Light Weapons.

• Small Arms (SA): Small Arms (SA) refer to firearms designed for personal use or use by a small group of individuals. These weapons are characterized by their portability and ease of handling. Small Arms include various types of firearms suitable for individual or crew-served use.

• Light Weapons (LW): Light Weapons (LW) encompass a broader category that includes portable firearms, as well as heavier weapons designed for use by small groups or teams. They are more powerful and have a larger caliber compared to Small Arms.

By Application

Based on application the global market can be categorized into Military, Law Enforcement and Others.

• Military: Small Arms play a pivotal role in equipping infantry forces. Rifles, submachine guns, and handguns are standard issue for soldiers. Light Weapons like machine guns, grenade launchers, and anti-tank weapons are employed by military units for both offensive and defensive purposes. Compact and specialized Small Arms, including silenced pistols and short-barreled rifles, are used by special operations forces for covert missions.

• Law Enforcement: Handguns, especially semi-automatic pistols, are standard issue for law enforcement officers for personal defense. Rifles like AR-15 variants are increasingly used by law enforcement for longer-range engagements. Shotguns are employed by police for crowd control, breaching doors, and close-quarters situations. Certain SALW, such as tasers and bean bag shotguns, are used by law enforcement for less-lethal force options.

DRIVING FACTORS

"Security Concerns and Armed Conflicts to Boost the Market"

Heightened security concerns, both at the national and international levels, drive demand for SALW. Armed conflicts, regional tensions, and the need to maintain military readiness contribute significantly to the procurement of small arms and light weapons. Police and other law enforcement agencies often require SALW for maintaining public order, responding to emergencies, and combating criminal activities. The demand for modern and effective firearms is driven by evolving law enforcement needs. Countries invest in SALW as part of their national defense strategies and military modernization programs. Upgrading and replacing outdated weapons systems with more technologically advanced and effective SALW is a common trend.

"Counter-Terrorism Efforts to Expand the Market"

The persistent threat of terrorism and insurgency in various parts of the world fuels the demand for SALW. Governments and security forces seek to equip themselves with the necessary tools to combat these asymmetric threats effectively. The global focus on counter-terrorism operations has led to increased demand for SALW by military and law enforcement agencies. These weapons play a crucial role in counter-insurgency and counter-terrorism efforts to maintain public safety and combat non-state armed groups. These factors are anticipated to drive the small arms and light weapons (SALW) market share.

RESTRAINING FACTOR

"Humanitarian Concerns and Arms Embargoes to Potentially Impede Market Growth"

Concerns about the humanitarian impact of SALW, especially in conflict zones and areas with a history of human rights abuses, may lead to arms embargoes. These embargoes, imposed by the international community, restrict the supply of weapons to specific regions or countries, affecting the SALW market. Global efforts toward disarmament, demobilization, and reintegration (DDR) programs aim to reduce the prevalence of SALW, especially in post-conflict areas. Such initiatives may result in decreased demand for new weapons, impacting the market. Increased awareness of the societal impact of gun violence and mass shootings can lead to stricter gun control measures, affecting the civilian market for SALW. Public pressure for enhanced gun control laws may result in tighter regulations and restrictions on civilian gun ownership. The factors are anticipated to hinder the growth of the small arms and light weapons (SALW) market growth.

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SMALL ARMS AND LIGHT WEAPONS (SALW) MARKET REGIONAL INSIGHTS

"North America is Dominating the Market with Large Defense Budgets"

"The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa."

The United States, a major player in North America, consistently maintains one of the world's largest defense budgets. High defense spending contributes to significant procurement of small arms and light weapons for military and law enforcement purposes. North America has a robust defense industrial base with numerous companies engaged in the design, manufacturing, and export of small arms and light weapons. The presence of such a well-established industry can contribute to North America's significant share in the SALW market. North American countries actively participate in global counter-terrorism efforts. The need to equip military and law enforcement agencies with modern and effective SALW to address security threats is a driving factor.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Top Small Arms and Light Weapons (SALW) Companies

• General Dynamics Corporation [U.S.]
• Sturm, Ruger & Company [U.S.]
• SIG SAUER [U.S.]
• Glock Ges. m.b.H. [Austria]
• Browning Arms Company [U.S.]

INDUSTRIAL DEVELOPMENT

September 2020: The M4 Carbine is a widely used, versatile, and compact firearm that falls into the category of small arms. Manufactured by Colt's Manufacturing Company, the M4 Carbine is a shortened and lighter variant of the M16 rifle, offering increased portability without compromising firepower.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.