Small Arms Market Size to Reach USD 6.82 Billion in 2027 | Extensive Rise in Investment in Defense & Law Enforcement Bodies are Some Major Factors Influencing Industry Growth, says Emergen Research

Small Arms Market Size to Reach USD 6

Vancouver, British Columbia, March 10, 2021 (GLOBE NEWSWIRE) — The global small arms market size is expected to reach USD 6.82 billion in 2027 and register a moderate CAGR over the forecast period, according to latest analysis by Emergen Research. Some key factors influencing market growth include growing adoption of small arms for self-defense and safety, rising incidence of domestic violence and terrorist activities, increasing interest in game hunting, and rising usage of small arms in sports, to name a few.In addition, spike in instances of cross-border conflicts, increasing number of armed law enforcement troops and recruitment of new taskforce battalions, and asymmetric warfare and intercountry conflicts are some other key factors driving growth of the market to a significant extent. Furthermore, reduced manufacturing costs of guns due to rising use of 3D printing technologies and systems, growing demand for smart guns, and increasing usage of polymer in the arms industry are some other factors expected to continue to support market revenue growth going ahead.Claim Your FREE Sample Copy with Table of [email protected] market landscape for small arms is expected to remain competitive and highly fragmented consisting of a number of small start-ups, medium enterprises, and large conglomerates accounting for significant market revenue share. Increasing technological advancements and higher diversification in offered products is expected to open up high potential revenue opportunities for innovative players operating in the market.Some key findings in the reportIn January 2020, The Adani Group, which is an Indian conglomerate, announced its acquisition of a small arms business facility in Gwalior, India. With this acquisition, the company entered in the small arms business where it will enhance capabilities in producing machine guns, carbines, and other small arms.Polymer segment revenue is expected to register a rapid CAGR owing to higher efficiency in manufacturing small arms using 3D printing techniques and reduction in overall costing with higher applicability in sports and hunting applications.Asia Pacific market revenue growth registered a robust and inclining CAGR in 2020, led by China, India, Pakistan, South Korea, and North Korea budget allotment for defense and law enforcement grooming purposes. In addition, increasing incidence of interpersonal stand-offs, asymmetric warfare, terrorist activities, domestic violence, and higher economic development and enhancement in the manufacturing industry are factors driving market growth in the region.Key players in the market include Smith & Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, & Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta S.p.A., and Raytheon Company, among others.Check Our [email protected]
For the purpose of this report, Emergen Research has segmented the global small arms market on the basis of type, end use, caliber, technology, cutting type, firing systems, materials used, and region:
Type Outlook $1PistolsRevolversRiflesMachine GunsShotgunsCarbinesOthersEnd Use Outlook $1$1MilitaryLaw EnforcementHuntingSportsSelf-defenseCaliber Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)5.56mm7.62mm9mm12.7mm14.5mmOthersTechnology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)GuidedUnguidedCutting Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)Smooth BoreThreadedFiring Systems Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)Gas-operatedRecoil-operatedManually-operatedMaterials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)SteelAluminumPolymerOthersClick to access the Report Study, Read key highlights of the Report and Look at Projected Trends: Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)North AmericaU.S.CanadaMexicoEuropeRussiaUKGermanyFranceItalySpainBENELUXAsia PacificChinaIndiaJapanPakistanSouth KoreaNorth KoreaRest of APACLatin AmericaBrazilRest of LATAMMEASaudi ArabiaUAEIsraelRest of MEATake a Look at our Related Reports:Topical Drug Delivery Market By Product Form (Semi-Solid, Solid Formulations, Transdermal Products, and Liquid Formulations), By Route (Dermal, Ophthalmic, Nasal, Others), By End-Use (Hospitals, Home Healthcare, Clinics, Diagnostic Centers, Burn Center), and By RegionsMedical Smart Textiles Market By Technology (Textile Sensors, Wearable Technology), By Application (Surgery, Bio-Monitoring, Therapy, and Wellness), By End-use (Hospitals and Clinics, Medical Academic and Research Center), and By RegionOperating Room Management Solutions Market By Solution Type (Data management and communication solutions, Operating room supply management solutions, Anesthesia information management solutions, Operating room scheduling solutions, Performance management solutions), By Mode of Deployment (Ob-premises, Cloud-based), By End-Use (Hospitals, Ambulatory surgical centers), and By RegionPatient Registry Software Market By Delivery, By Database, By Registry Type, By Function, By Software Type (Integrated, Standalone), By End-use (Government & Third-Party Administrators, Pharmaceutical Companies, Hospitals, Research Centers, Others), and By Region, Forecast to 2027Ambulatory EHR Market By Deployment (Cloud-based, On-premises), By Practice Size (Solo Practices, Large Practices, Small-medium-sized Practices), By Application, By End-use (Independent Centers, Hospital-owned Ambulatory Centers, Others), and By Region, Forecasts to 2027About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:Eric LeeCorporate Sales SpecialistEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: [email protected]Facebook | LinkedIn | Twitter | BlogsRead Full Press Release:

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