Small Arm Market Growth, Demand, Opportunity, Analysis And Forecasts To 2020

Small Arms Market Share and Size, Emerging Trends, Analysis,
Overview and Outlook, Growth And Segment Forecasts To 2020
Technavio Announces the Publication of its Research Report Global Small Arms Market 2016-2020
Technavio recognizes the following companies as the key players in the global small arms market:
Beretta, Heckler & Koch, HS Produkt, SIG SAUER, and Smith & Wesson.
Other Prominent Vendors in the market are: Arsenal JSCo, Browning Arms, Colt's Manufacturing
Company, E.R. Shaw, FN Herstal, GLOCK, Indian Ordnance Factories, Israel Military Industries, and
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Commenting on the report, an analyst from Technavio’ s team said: “Changing nature of combat will be
a key trend for market growth. Recent times have witnessed a greater number of land warfare and
conflicts to occur in urban areas and city streets. Also, along with the increase in terrorism activities and
conflicts, more of the encounters occur as close quarter combat. This has increased the need to enhance
the existing armaments among military forces. For example, in May 2016, the UK MoD announced its
plan to replace the SA80 rifle of its Royal Marine Force with the newly designed C8 Carbine rifle (a
lightweight rifle manufactured by the Colt Canada). The Royal Marine Force is primarily responsible for
the protection of the UK Navy's nuclear deterrent submarine bases. This new C8 Carbine rifle is designed
to provide precision strike capability in close quarter combat.”
According to the report, one of the key drivers for market growth will be increasing governments' efforts
for acquisition of smart guns. Smart guns are mainly developed with an aim to restrict the unauthorized
and accidental use of firearms. Smart guns comprise of several technologies, including proximity
sensors, biometrics, radio frequency identification (RFID), and microchips to improve gun safety. Few of
such guns are already available in the market, and several prototypes are in development. These smart
guns may have good prospects for civilian purposes and law enforcement bodies.
Further, the report states that the growing occurrences of ant trade pose a significant challenge to the
legal small arms market. In ant trade, small numbers of weapons are trafficked over time, which then
accumulates into a large number of armaments. Similarly, the increasing stockpiles of small arms exist in
the form of inventory of weapons with country or as civilian inventories. Stockpiles remain as one of the
prime reasons for illegal circulation of small arms. Some warehouses are not properly secured, which
can lead to the illegal circulation of small arms. Generally, the surplus and obsolete weapons from
government stockpiles are the main sources of illegal small arms.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Global Small Arms Market
The global small arms market has undergone a major transformation over the last one decade. The longstanding wars in Iraq and Afghanistan have infused several changes in the development and
manufacture of small arms by both major countries as well as emerging nations of the world. The close
quarter combats (CQC) between various military units and militant groups have spawned a wide range
of developments in military small arms segment. These new upgrades range from extensive reengineering and system modifications to the development of new infantry weapons. The weapons not
only aim at rendering long-range engagement capacity but also offer improvements in lethal capability.
Technavio’ s analysts forecast the global small arms market to grow at a CAGR of 2.49% during the
period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global small arms market for
2016-2020. To calculate the market size, the report considers the revenue generated in the overall
market from the procurement of new small arms and associated ammunitions.
The market is divided into the following segments based on geography:
Technavio's report, Global Small Arms Market 2016-2020, has been prepared based on an in-depth
market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]

According to the report, one of the key drivers for market growth will be increasing governments' efforts for acquisition of smart guns. Smart guns are mainly developed with an aim to restrict the unauthorized and accidental use of firearms.