Small Arms and Light Weapons Market is Expected to Grow at a Robust Rate Till 2029
Military modernization initiatives worldwide drive demand for advanced and modular SALW, emphasizing technological innovation are the factors driving market in the forecast period 2025-2029. According to TechSci Research report, “ Small Arms and Light Weapons Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029 ”, The Global Small Arms and Light Weapons Market stood at USD 13.75 Billion in 2023 and is anticipated to grow with a CAGR of 6.59% in the forecast period, 2025-2029. The Global Small Arms and Light Weapons (SALW) market is characterized by its multifaceted nature, catering to the diverse needs of military, law enforcement, and civilian end-users. SALW encompass a wide range of firearms, including handguns, rifles, shotguns, and light machine guns, as well as associated accessories and ammunition. This market is influenced by various factors, including geopolitical tensions, military modernization efforts, and evolving reg...