- Summary
- Table Of Content
- Methodology
Small Arms & Light Weapons Market Size:
Small Arms & Light Weapons Market size is estimated to reach over USD 18,523.94 Million by 2032 from a value of USD 10,386.80 Million in 2024 and is projected to grow by USD 10,980.73 Million in 2025, growing at a CAGR of 7.5% from 2025 to 2032.
Small Arms & Light Weapons Market Scope & Overview:
Small arms and light weapons are firearms and related equipment designed for individual or crew use in military, law enforcement, and civilian applications. These weapons include handguns, rifles, machine guns, and grenades. Light weapons encompass heavier firearms, including portable anti-aircraft and anti-tank systems. Key features include precision targeting, lightweight construction, and modular designs. Advanced models incorporate smart technology, improved ergonomics, and enhanced durability. Many weapons support customization through interchangeable components and accessories.
Benefits include enhanced operational efficiency, improved accuracy, and adaptability across different environments. These weapons provide security forces with effective tools for combat, defense, and law enforcement operations. Applications extend to military operations, homeland security, law enforcement, and civilian self-defense. End-use industries include defense organizations, security agencies, law enforcement bodies, and private firearm owners. These weapons play a critical role in national security, tactical missions, and public safety operations.
Small Arms & Light Weapons Market Dynamics - (DRO):
Key Drivers:
Increased Defense Spending by Governments Leads to Higher Small Arms & Light Weapons Market Trend
Government defense budgets have been consistently increasing worldwide, driven by national security concerns and the need for advanced military equipment. This increased defense spending directly impacts the trend for small arms and light weapons (SALW). Military forces require modernized small arms, such as assault rifles, sniper rifles, and light machine guns, for better performance and to adapt to evolving combat scenarios. For example, many nations are upgrading their armed forces with advanced, lightweight, and versatile small arms to enhance operational efficiency.
Therefore, the surge in defense spending by governments is a key factor fueling the small arms & light weapons market growth.
Key Restraints:
Stringent regulations surrounding the sale and export of SALW hinder the small arms & light weapons market expansion.
Governments across the globe have imposed various controls on firearm manufacturing, trade, and ownership to prevent illegal trafficking and ensure public safety. For instance, international agreements like the Arms Trade Treaty (ATT) and national laws impose strict limitations on the export of military-grade small arms to certain regions. These regulations create barriers for manufacturers looking to expand their markets and distribute products globally.
As a result, the stringent laws and regulations regarding the trade and sale of SALW constrain small arms & light weapons market growth.
Future Opportunities:
Rising Trend for Civilian Self-Defense Weapons Creates Avenues for Small Arms & Light Weapons Market Opportunities
The growing focus on personal safety and self-defense is expected to create new opportunities in the small arms and light weapons market. In many regions, civilians are increasingly turning to small arms, such as handguns and rifles, for self-defense purposes. As crime rates rise in some urban areas, the trend for personal protection weapons has surged. For example, firearms designed for civilian use, like compact handguns or semi-automatic rifles, are being marketed as self-defense tools.
Therefore, the growing trend for civilian self-defense weapons presents a significant small arms and light weapons market opportunity in the near future.
Small Arms & Light Weapons Market Segmental Analysis :
By Product Type:
Based on product type, the Small Arms & Light Weapons market is segmented into small arms and light weapons.
The small arms sector accounted for the largest revenue in small arms & light weapons market share in 2024.
- The small arms category includes handguns, rifles, submachine guns, and shotguns. Handguns are widely used by law enforcement, military personnel, and civilians for self-defense.
- Rifles are commonly utilized in military and defense applications, offering long-range accuracy and precision.
- Submachine guns are typically used in close-quarters combat, providing a balance between firepower and portability.
- Shotguns, known for their wide spread of pellets, are favored for both defense and hunting.
- These weapons have broad applications in defense and law enforcement sectors due to their reliability and versatility in various combat and security scenarios.
- Therefore, according to small arms & light weapons market analysis, the small arms sector continues to thrive due to increasing global security concerns and the trend for personal defense weapons.
The light weapons sector is anticipated to register the fastest CAGR during the forecast period
- The light weapons category includes machine guns, grenade launchers, mortars, and anti-tank weapons.
- Machine guns, capable of sustained fire, are essential in modern warfare, providing heavy fire support in combat situations.
- Grenade launchers are designed to fire explosive projectiles, making them invaluable in both offensive and defensive military operations.
- Mortars provide high-angle fire capabilities, making them effective in targeting enemy positions from a distance.
- Anti-tank weapons are designed to destroy or disable armored vehicles, a critical asset for modern military forces.
- Thus, according to small arms & light weapons market analysis, this segment's rapid growth is driven by the increasing investments in military modernization programs globally and the rising need for advanced, lightweight weaponry that can enhance tactical operations in military engagements.
By Caliber:
Based on caliber, the market is segmented into 5.56 mm, 7.62 mm, 9 mm, 12.7 mm, and 14.5 mm.
The 5.56 mm caliber sector accounted for the largest revenue in small arms & light weapons market share in 2024.
- The 5.56 mm caliber is commonly used in rifles and light machine guns, offering a balance of range, power, and weight.
- This caliber is widely adopted by military and law enforcement agencies due to its effective range and relatively low recoil, making it suitable for a variety of firearms, including assault rifles.
- Therefore, according to the market analysis, additionally, its adoption is driven by the increasing trend for lightweight, versatile weapons that can perform in multiple tactical environments, enhancing the sector’s strong performance.
The 7.62 mm caliber sector is anticipated to register the fastest CAGR during the forecast period.
- The 7.62 mm caliber is used in heavier, longer-range firearms like battle rifles and machine guns.
- This caliber offers increased stopping power and range compared to 5.56 mm, making it preferred for specialized military operations, sniper rifles, and heavy support weapons.
- Thus, according to the market analysis, as military forces globally modernize their arsenals and upgrade to advanced weaponry for precision strikes and enhanced firepower, the adoption for 7.62 mm firearms is expected to grow rapidly.
By Action:
Based on action, the market is segmented into manual, semi-automatic, and automatic.
The semi-automatic sector accounted for the largest revenue share by 45.43% in 2024.
- Semi-automatic weapons automatically reload after each shot, allowing for faster firing without the need for manual reloading.
- Semi-automatic rifles and handguns are commonly used by military and law enforcement personnel due to their ease of use and quick follow-up shots.
- Therefore, according to the market analysis, this action type is popular for personal defense and sporting activities, further contributing to its dominant position in the market.
The automatic sector is anticipated to register the fastest CAGR during the forecast period.
- Automatic firearms continuously fire rounds as long as the trigger is held down, making them ideal for sustained fire in combat situations.
- Military forces favor automatic weapons for their high rate of fire, essential for suppressing enemy forces and providing support during combat.
- Thus, according to the market analysis, the increasing need for rapid-fire capabilities in modern warfare drives the growing appeal for automatic firearms.
By End-User Industry:
Based on end-user industry, the market is segmented into military & defense, law enforcement, and civil & commercial.
The military & defense sector accounted for the largest revenue share in 2024.
- The military & defense sector relies heavily on both small arms and light weapons for a wide range of combat operations, from close-quarter combat to long-range engagements.
- Due to escalating global security threats, defense spending continues to rise, bolstering call for advanced weaponry to modernize armed forces worldwide.
- Therefore, according to the market analysis, the increasing focus on national security and defense preparedness drives the largest revenue share for the military & defense sector in the Small Arms & Light Weapons market.
The civil & commercial sector is anticipated to register the fastest CAGR during the forecast period.
- The civil & commercial sector includes firearms for personal defense, sporting activities, and hunting.
- Rising concerns about personal safety, as well as a growing interest in shooting sports, are contributing to the increasing appeal for small arms in this sector.
- Thus, according to the market analysis, with expanding gun ownership laws in some regions and the increasing number of recreational firearm users, this segment is expected to experience significant growth.
Regional Analysis:
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
In 2024, North America was valued at USD 3,445.39 Million and is expected to reach USD 6,003.61 Million in 2032. In North America, the U.S. accounted for the highest share of 74.85% during the base year of 2024. The small arms and light weapons market in North America is largely influenced by defense spending and law enforcement requirements. The United States dominates the region, where both military and civilian sectors contribute to the demand. The ongoing modernization of military equipment and the need for enhanced personal protection are key factors impacting the market. In addition, stringent regulations governing firearm ownership and use also play a significant role in shaping market dynamics.
In Asia Pacific, the market is experiencing the fastest growth with a CAGR of 7.9% over the forecast period. In Asia-Pacific, the market for small arms and light weapons is expanding due to rising military expenditures, geopolitical tensions, and the modernization of armed forces. Countries like China and India are investing heavily in upgrading their defense capabilities, which directly boosts the demand for these weapons. Additionally, the increasing adoption for self-defense products in countries with high crime rates also contributes to market growth. However, regulatory challenges and political instability in certain regions can create market uncertainties.
Europe’s small arms and light weapons market is shaped by defense budgets, military modernization, and stringent regulations. Leading countries like Russia, the United Kingdom, and France have substantial defense spending, contributing to the growth of the market. The region also focuses on improving border security and counterterrorism capabilities, increasing need for advanced light weaponry. Furthermore, growing concerns over domestic security and crime rates in various European nations have led to increased civilian adoption of firearms.
The Middle East and Africa are significant regions in the small arms and light weapons market due to ongoing conflicts, military investments, and security needs. Countries such as Saudi Arabia, the UAE, and Egypt are major players in the defense sector, with rising need for both military and law enforcement applications. In Africa, the security challenges and civil unrest in several regions contribute to a higher trend for small arms. Political instability and conflicts in the Middle East further propel the demand for these weapons in the region.
In Latin America, the small arms and light weapons market is driven by both security concerns and the need for defense equipment. Countries like Brazil, Mexico, and Colombia have been facing challenges related to organized crime and drug cartels, increasing the demand for small arms among law enforcement. At the same time, military modernization efforts in the region support the demand for light weaponry. However, economic constraints and varying regulations across countries influence the market’s pace of development.
Top Key Players & Market Share Insights:
The Global Small Arms & Light Weapons Market is highly competitive with major players providing products and services to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the Global Small Arms & Light Weapons Market. Key players in the Small Arms & Light Weapons industry include-
- Lockheed Martin Corporation (United States)
- General Dynamics Corporation (United States)
- Browning Arms Company (United States)
- Colt's Manufacturing Company LLC (United States)
- Thales Group (France)
- Rheinmetall AG (Germany)
- FN Herstal S.A. (Belgium)
- Beretta Holding S.p.A. (Italy)
- Smith & Wesson Brands, Inc. (United States)
- Sig Sauer, Inc. (United States)
Recent Industry Developments :
Product launches
- In September 2024, the U.S. Army began fielding the SIG Sauer XM7 rifle, a key component of the Next Generation Squad Weapon (NGSW) program. This rifle is chambered in 6.8mm and is designed to replace the M4 carbine, offering enhanced lethality and range.
- In April 2024, Israel Weapon Industries (IWI) unveiled the Arbel, a computerized small arms system aimed at improving firing accuracy in combat. The system includes a computer-based platform, an upgraded electronic trigger mechanism with sensors, and a new firing mode.
- In December 2024, China introduced the QJB-201 light machine gun, intended to replace the QJB-95 and QJY-88 models. This weapon features a dual-feed system, primarily belt-fed, enhancing the suppressive fire capability of infantry squads.
- In November 2024, the U.S. military tested the Bullfrog, an AI-enabled autonomous gun system developed by Allen Control Systems. Mounted on a rotating turret, it features a 7.62mm M240 machine gun and is designed to counter weaponized drones with high precision.
Partnerships & Collaborations
- In June 2024, the Office of the Presidential Adviser on Peace, Reconciliation, and Unity (OPAPRU) in the Philippines strengthened its partnership with the Armed Forces of the Philippines, particularly under Wesmincom, to address the proliferation of loose firearms in the Bangsamoro region. This collaboration focuses on enhancing the management and control of SALW to promote peace and security.
- In January 2024, the NCCSALW in Nigeria consolidated its collaboration with the Nigerian Police Force to combat illicit arms trafficking. This partnership aims to strengthen efforts in controlling the proliferation of small arms and light weapons, contributing to national security.
- In June 2024, the United Nations Multi-Partner Trust Fund continued its support for the Roadmap addressing the illicit possession, misuse, and trafficking of SALW in the Western Balkans. This initiative involves multiple stakeholders working collaboratively to enhance regional security and control arms trafficking.
Mergers and Acquisitions
- In November 2024, shareholders of Vista Outdoor approved the Czech Czechoslovak Group's (CSG) acquisition of Kinetic, a leading U.S. small arms ammunition manufacturer, for approximately $2.23 billion. This acquisition concluded a competitive bidding process and was approved by the Committee on Foreign Investment in the United States, despite initial concerns over national security. CSG, which had previously acquired Italian ammunition maker Fiocchi Munizioni in 2022, aims to expand its presence in the U.S. market and enhance its small-caliber ammunition production capabilities.
- In January 2024, investment firm Strategic Value Partners acquired Vista Outdoor's sports equipment division, Revelyst, for approximately $1.13 billion. This move was part of Vista Outdoor's strategic restructuring, allowing the company to focus on its core ammunition business.
Small Arms & Light Weapons Market Report Insights:
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 | USD 18,523.94 Million |
| CAGR (2025-2032) | 7.5% |
| By Product Type |
|
| By Caliber |
|
| By Action |
|
| By End-User Industry |
|
| By Region |
|
| Key Players |
|
| North America | U.S. Canada Mexico |
| Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
| APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
| Middle East and Africa | GCC Turkey South Africa Rest of MEA |
| LATAM | Brazil Argentina Chile Rest of LATAM |
| Report Coverage |
|
Key Questions Answered in the Report
How big is the Small Arms & Light Weapons Market? +
In 2024, the Small Arms & Light Weapons Market was USD 10,386.80 million.
What will be the potential market valuation for the Small Arms & Light Weapons Market by 2032? +
In 2032, the market size of Small Arms & Light Weapons Market is expected to reach USD 18,523.94 million.
What are the segments covered in the Small Arms & Light Weapons Market report? +
The product type, caliber, action and end-user industry are the segments covered in this report.
Who are the major players in the Small Arms & Light Weapons Market? +
Lockheed Martin Corporation (United States), General Dynamics Corporation (United States), Rheinmetall AG (Germany), FN Herstal S.A. (Belgium), Beretta Holding S.p.A. (Italy), Smith & Wesson Brands, Inc. (United States), Sig Sauer, Inc. (United States), Browning Arms Company (United States), Colt's Manufacturing Company LLC (United States), Thales Group (France) are the major players in the Small Arms & Light Weapons market.
