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The light weapons market is expected to show a substantial growth by 2019
According to Market Research, The light weapons market is expected to show a substantial growth by 2019. The global anti-tank guided weapons market is expected to register a CAGR of 3.14% to reach $1.60 billion in 2019; the global man-portable air-defence market is expected to rise at a CAGR 1.67% to reach $134.55 million in 2019; and the unguided light weapons market that constitutes heavy machine guns, grenade launchers/mortars, and recoilless rifles, is expected to register a CAGR of 1.90% to reach $366.87 million in 2019.
Asia-Pacific, the Middle East, and Latin America, show a consistent level of growth. China, Argentina, Mexico, and Saudi Arabia, are the emerging markets of light weapons and will also show a reliable growth over the next few years.
The driving factor for this market will be the emergent need for safety and security worldwide. The technologically-advanced light weapons with a compact design and high-precision rate shall be the most sought-after products in the coming years. There will be an increased demand of heavy machine guns and recoilless rifles by homeland security forces. This factor shall drive these products to show an increasing demand in the coming years.
A stringent market growth will be seen in countries such as the U.S. and France for anti-tank guided weapons. The North American and European regions will show a comparatively sluggish growth over the next 5 years. There will be a high growth in the global share of light weapons in African and Sub-African regions.
Alliant Techsystems Inc. (U.S.), Lockheed Martine (U.S.), Raytheon (U.S.), and General Dynamics (U.S.), shall be the market leaders as they occupy a significant share of the light weapons market. Rheinmetall (Germany), BAE (U.K.), and Thales (France), shall also continue to make a significant contribution to this market.
With the increased capabilities and technological advancements in the light weapons market, it is bound to see a significant growth in the defence and military segments.
Light Weapons Market by Product - MANPADS (Man-Portable Air-Defence Systems, ATGW (Anti-Tank Guided Weapons), Heavy Machine Guns, Mortars/Grenade Launchers, Recoilless Rifles), Technology (Guided and Unguided), Platform (Defence and Homeland Security) by Geography (North America, Europe, Asia-Pacific, the Middle-East, Latin America, ROW) - Forecasts & Analysis to 2014 2019
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