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Increase in mergers and acquisitions, technology transfers, joint developments, and production agreements are anticipated in the small arms market
According to Paridhi Kuiya and Sonia Mutreja, Research Associates, Aerospace and Defense business unit at MarketsandMarkets, the global small arms market (2014-2019) report offers a detailed analysis of the pistols, rifles, assault rifles, submachine guns, and light machine guns market, over the next five years. The report also provides the potential market opportunities to enter the industry, using detailed market-size forecasts.
The small weapon market is segmented, based on product, application, and geography. It is expected to grow at a CAGR of 2.60% during the forecasted period.
The Middle East is one of the major contributors of small arms. During 2014-2019, 22% of arms transfer from the region went to the UAE and 20% went to Saudi Arabia. This is mainly due to political instability and increasing domestic terrorism. The rising demand for small weapons is attributed to the conflict of Syria. The people are buying guns for protection against any violent attack.
Increase in mergers and acquisitions, technology transfers, joint developments, and production agreements are anticipated in the small arms market. The efficiency of a small arms market can be increased by attaching accessories to the weapons. Night vision and laser range finder can be attached to the weapon to give it an important feature.
The pistol market is expected to increase by 3.16% during the forecast period 2014-2019. The companies are presently making weapons that are more accurate and easier to use. The rising demand for pistols is due to its increasing demand for self-defense and security purposes.
Small Arms Market (Pistols, Rifles, Sub Machine Guns, Assault Rifles and Light Machine Guns), by Application - Civil, Military, Homeland Security, by Region, by Country - Global Forecasts and Analysis to 2014 - 2019
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