Market Share of Light Weapons Industry
The light weapons market is highly fragmented, with the presence of many manufacturers that offer weapon systems and ammunition for HMGs, grenades and grenade launchers, mortars, MANPATS, MANPADS, and other explosives. General Dynamics Corporation was a dominant market player in the base year as the company benefitted from a strong presence in North America, which is currently the largest market for light weapons. The other major players in the market are Saab AB, MBDA Inc., and Rheinmetall AG. With investments in research and development, companies have been expanding their portfolios with the addition of new product offerings. For instance, in February 2021, Sarsılmaz, one of the prominent small-arms manufacturers in Turkey, announced that the SAR 762 MT-type 12.7 mm heavy machine guns, a new indigenously manufactured machine gun, completed all test stages and will enter the mass production stage. The new heavy machine gun can be utilized by infantry teams and can also be mounted on various armored vehicles like main battle tanks. Such developments are expected to help the companies expand their market shares and presence across the world. Also, with several local players increasing their capabilities in the light weapons industry, the market studied is expected to become more competitive. Hence, developing technologically advanced products is deemed vital for sustaining the market share in the light weapons market during the forecast period.
Light Weapons Market Leaders
Saab AB
MBDA
Rheinmetall AG
General Dynamics Corporation
Rostec
*Disclaimer: Major Players sorted in no particular order
