Weapons Market Sales by Trends, Types, Applications, Demand and Forecast Analysis Report

Market Overview

In the last five years, arms exports are experiencing a declining growth rate and the total annual volumes of arms have become stabilized to nearly USD 15 billion. Currency devaluation and global economic crisis are major factors constraining the growth of global arms market. These macroeconomic factors have raised concerns to nations over the budget problems for purchasing new major weapon systems. However, the fragile security and constant border security instability are becoming a major concern for every nation. With the improving technology, developing and developed nations are equipping their ammunitions store with modern gadgets and replacing their conventional weapons with advance equipments such as GPS guidance and automated systems of weapons. America is the leading arms exporter and sells arms to more than 100 countries. Shortfall in the expansion of Global Weapons Market is raising the competition among suppliers to transfer advanced technology and to secure better weapon deal terms. For instance, the US and European arms sellers are competing to expand their arms export business in developing nations mainly in Gulf countries and in India.
Countries are more involved in export and imports of arms across the globe. For instance, South Korea is the export partner of Latin America and supplies aircraft and warship. Vietnam, one of the fastest growing economies of South-East Asia, has tripled their weaponry import in 2016 as compared to 2011. Moreover, arms purchasing of Middle East countries are also witnessing tremendous growth in last five years. In 2016, arms purchasing of Qatar increased by 245% whereas, Saudi Arabia’s purchase of arms grew over 210% as compared to 2010.

Market Segmentation

Global Arms Market is segmented on the following basis:

Based on Types of Weapon

Land Based Weapon
Aerospace Based Weapon
Naval Based Weapon
Digital Arms

Based on Application

Military & Defense Actions
Law Enforcement
Hunting & Sports
Self-Defense

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Based on Geography

North America U.S. & Canada {Market Size USD Billion , Growth Analysis % and Export & Import Size USD Billion }
Latin America Brazil, Mexico, Argentina & Rest of Latin America {Market Size USD Billion , Growth Analysis % and Export & Import Size USD Billion }
Europe The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE {Market Size USD Billion , Growth Analysis % and Export & Import Size USD Billion }
Asia-Pacific China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia {Market Size USD Billion , Growth Analysis % and Export & Import Size USD Billion }
Middle East & Africa GCC, South Africa, North Africa, RoMEA {Market Size USD Billion , Growth Analysis % and Export & Import Size USD Billion }
Rest of World {Market Size USD Billion , Growth Analysis % and Export & Import Size USD Billion }

Market Size and Forecast 2016-2024

United Nation’s Arms Trade Treaty which controls the regulation of weapon business and ensures that arms are not sold to irresponsible users is likely to boost the demand for advance weaponry systems in the near future. With the rising armed conflicts and unstable security situations across the globe is accelerating the global trade for major weapons systems. The global arms market valued USD 308 billion in 2015 and is projected to reach USD 363.7 billion in 2024, registering a compound annual growth rate of 2.1% during the forecast period. During the time period of 2012-2016, over 127,274 units of arms were exported across the globe.
In 2016, as per Stockholm International Peace Research Institute SIPRI , total value of international trade of arms-transfer agreements increase by 16% from the value USD 266 billion in 2011. North America is the dominating region for the global arms market and the US accounts for 36.6% share of the total arms market. In 2016, U.S. accounted for the 40% share of the global arms transfer and the export of arms in the US grew by 43%. 50% of the US arms export went to the Middle East region in countries such as Saudi Arabia, the UAE and Iraq.
In 2015, Russia delivered total arms valued over USD 7.2 billion. Russia is the second and France is the third largest exporter of arms throughout the world in 2016. In the same year, western European countries such as the UK, Germany, France and Italy together held nearly 22% of the global arms trade agreements.
In developing countries the value of arms delivery is witnessing a relative decline and the value reached USD 34 billion in 2016 as compared to the value USD 36.2 in 2014. China is the fastest growing exporter for global arms market and dominating country with 5% share of global arms transfer agreement in 2016. China s arms-transfer agreements value to developing countries reached nearly USD 6 billion in 2016.

Market Drivers and Challenges

Growing conflicts and wars between countries, cross-border disputes and rising fear of terrorism across the globe are driving the governments to procure more advanced and efficient arms and weapons for their military and defense operations. This is likely to contribute in the growth of global arms market. However, changing political landscapes of the nations and regulations on export control, rising political risks on intellectual-property issues and technology-transfer requirements are expected to hinder the international trade of arms. Moreover, shifting of countries towards affordable weapon systems is likely to increase the market competitiveness and eventually will impact the growth of global arms market.

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Key Market Players

Lockheed Martin
Boeing Company
BAE Systems plc
Raytheon Company
Northrop Grumman Corporation
General Dynamics Corporation
Airbus Corporation
United Technologies Corporation
Leonardo S.p.A.
L3 Technologies
Textron
Naval Group
Honeywell International Inc
United Shipbuilding Corporation
Safran S.A.
The PJSC United Aircraft Corporation
Rolls-Royce
Huntington Ingalls Industries
Almaz-Antey Corporation
Thales Group
Leonardo S.p.A.
Pratt & Whitney

Scope Background

Market Synopsis
Market Segmentation

The Global Arms Market is segmented as follows:

By Types of Weapon Market Size, Demand Analysis and Growth Analysis
By Application Market Size, Demand Analysis and Growth Analysis

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By Region

North America U.S., Canada {Market Size, Growth Analysis and Opportunity Analysis}
Latin America Argentina, Mexico, Brazil and Rest of Latin America {Market Size, Growth Analysis and Opportunity Analysis}
Europe Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe {Market Size, Growth Analysis and Opportunity Analysis}
Asia-Pacific China, India, Singapore, Japan, Hong-Kong, Australia, New Zealand, South Korea and Rest of Asia Pacific {Market Size, Growth Analysis and Opportunity Analysis}
Middle East and North Africa MENA {Market Size, Growth Analysis and Opportunity Analysis}
Rest of World {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

Risk Factors
Regional Variations
Recent Trends and Developments
Synopsis
Business Strategy
Product Portfolio
SWOT Analysis
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks

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