Small Arms and Light Weapons Market - Growth, Demand and Key Players to 2020

Small arms and Light Weapons (SALW) refers to two different classes of weapons. Small arms refer to the kind of weapons designed solely for individual use whereas, light weapons includes arms designed to be used by a crew of two or three persons. The global Small Arms and Light Weapons (SALW) market has been categorized on the basis of types, application and geography. The market on the basis of type has been segmented into small arms and light weapons. 
The small arms segment has been further divided into six types; pistols, rifles, handguns, shotguns, man-portable machine guns and others. Similarly, the light weapons market has been divided into eight categories: landmines, mortars, grenade launchers, rocket launchers, Rocket Propelled Grenades (RPGs), anti tank weapons, anti aircraft weapons and others. In terms of application the market for Small arms and Light Weapons (SALW) has been segmented into: military, law enforcement and others. The Small Arms and Light Weapons (SALW) market has been bifurcated geographically into four regions: North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the World has been further segmented into Middle East and Africa and South America.
The market for Small Arms and Light Weapons (SALW) is primarily driven by factors such as implementation of Soldier Modernization Programs and Police Modernization Programs across various countries. For example in 2013, the national government of Philippines in an attempt to modernize its local police has announced the procurement of a total of 74,879 modern side arms and 30,253 basic rifles which will be issued to rural frontline units nationwide. 
Moreover, factors such as increasing instances of urban warfare coupled with increasing instances of terrorists’ attacks are also impacting the demand for Small Arms and Light Weapons (SALW) positively. The initiatives taken by various countries such as the U.S., France and Russia among others to curb terrorist organizations have further resulted in an increased demand for Small Arms and Light Weapons (SALW). 

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