Autonomous military weapons refer to automated military weapons that,  when activated, search, detect, evaluate the threat, track, and attack enemy targets based on sophisticated algorithms without further intervention by a human operator. It requires the integration of several core elements, like a mobile combat platform such as a drone aircraft, ship, or ground vehicle; various types of sensors to scrutinize the surroundings; processing systems to classify objects discovered by the sensors; and algorithms directing the platform to initiate an attack when an allowable target is detected. The main types of autonomous military weapons are autonomous and semi-autonomous. Autonomous weapons are weapons that choose and engage targets without the need for human involvement. The different products include missiles, rockets, guided bombs, target pods, and others and involve various platforms such as land, airborne, and naval. The autonomous military weapons market research report is one of a series of new reports from The Business Research Company that provides autonomous military weapons market statistics, including global market size, regional shares, competitors with an autonomous military weapons market share, detailed autonomous military weapons market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous military weapons industry. This autonomous military weapons market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global autonomous military weapons market size will grow from $13.3 billion in 2022 to $14.68 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global autonomous military weapons market size is expected to grow to $21.81 billion in 2027 at a CAGR of 10.4%. The ability to perform dangerous tasks with precision has contributed to the growth of the autonomous military weapons market. Autonomy in weapons enables us to keep army personnel away from dangerous tasks or any imminent risk to human life. Besides this, increased reaction speed in decision making and eyes on the target will potentially increase accuracy. It has access to a larger amount of information, greater accuracy, and greater predictability for certain functions, freeing humans from dull or repetitive tasks and permitting access to environments that are inaccessible to remote control technologies. Major countries such as the USA, China, and Russia are significantly investing in artificial intelligence (AI) for weapons and are competing for superiority in this segment. For instance, Russia is investing $719 million until 2021 in AI research and development for weapons. The ability to hit the target without human involvement, along with minimizing risk to human life, increased the demand for the autonomous military weapons market. The risk posed by autonomous weapons compelled the researchers and designers to decide against manufacturing them, hampering the growth of the market. For instance, around 240 organizations involved in artificial intelligence and nearly 3,100 individuals vowed not to be involved in the development of autonomous weapon systems. The strong objection from around the world to manufacturing autonomous military weapons is a hindrance to the market's growth. IMI Systems, a state-owned weapons maker in Israel, was sold to Elbit for $522 million. IMI systems are the manufacturers of the Uzi sub-machine gun and the Galil assault rifle. It manufactures armored vehicles and also trains security agents. The deal will create a company with a heavy emphasis on research and development and whose product range will extend from IMI’s shoulder-launched missiles, precision-guided mortar munitions, and rocket-propulsion systems to Elbit’s portfolio of avionic systems, drones, and intelligence and cybertechnology. Elbit would also relocate the IMI facilities from central Israel to the southern Negev area. Major players in the autonomous military weapons market are Lockheed Martin, Boeing, Raytheon, AVIC, CASC, Rostec, Israel Aerospace Industries, Elbit Systems, Rafael, and STM. Asia-Pacific was the largest region in the autonomous military weapons market in 2022. Western Europe is expected to be the fastest-growing region in the global autonomous military weapons market during the forecast period. The regions covered in the global autonomous military weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the autonomous military weapons market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The autonomous military weapons market consists of sales of auto-operated weapons such as autonomous explosives, and missiles. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global autonomous military weapons market is segmented - 1) By Type: Autonomous, Semi-autonomous 2) By Product: Missiles, Rockets, Guided Bombs, Target Pods, Others 3) By Platform: Land, Airborne, Naval

Small arms and light weapons refer to light weapons that are used by two or more persons as a crew such as pistols, rifles, submachine guns, assault rifles, and light machine guns. The main types of small arms and light weapons are small arms and light weapons. Small arms, also known as firearms or guns, are man-portable lethal weapons designed for individual use that can expel or launch a shot, bullet, or projectile via explosive action. The weapon calibers are 14.5mm, 12.7mm, 9mm, 7.62mm, and 5.56mm, and the firing systems are recoil-operated, gas-operated, and manual. The applications of small arms and light weapons include military and law enforcement that is used by defense, civil and commercial sectors. The small arms and light weapons market research report is one of a series of new reports from The Business Research Company that provides small arms and light weapons market statistics, including small arms and light weapons industry global market size, regional shares, competitors with a small arms and light weapons market share, detailed small arms and light weapons market segments, market trends and opportunities, and any further data you may need to thrive in the small arms and light weapons industry. This small arms and light weapons market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global small arms and light weapons market size will grow from $12.07 billion in 2022 to $12.9 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global small arms and light weapons market size is expected to grow to $15.54 billion in 2027 at a CAGR of 4.8%. Increased defense spending is expected to fuel the growth of the small arms and light weapons market over the forecast period. Countries around the world are investing in defense because of their conflicts and rivalries with other nations. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers, and non-proliferation, in 2021, total global military spending was expected to increase by 0.7% in real terms to $2113 billion. This was the seventh year in a row that spending increased. Military R&D funding in the United States increased by 24% between 2012 and 2021, while China, the world's second-largest spender, allocated an estimated $293 billion to its military in 2021, a 4.7% increase over 2020. China's military spending has increased for the past 27 years. Therefore, increased defense spending drives the growth of the small arms and light weapons market. The strict government legislation against the possession of firearms is expected to impede the development of the small arms and light weapons market in the forecast period. Countries around the world have tightened their weapons laws, making it much more challenging for regular people to own a firearm, as mass shooting events are on the rise. For instance, in May 2022, the Government of Canada, announced the introduction of new legislation to strengthen Canadian gun control and protect Canadians from gun violence. Bill C-21 proposes some of the most stringent gun control measures in over 40 years. Implementing a national handgun freeze to prevent individuals from bringing newly acquired handguns into Canada as well as buying, selling, and transferring handguns within the country, removing firearms licenses from those involved in acts of domestic violence or criminal harassment, such as stalking. as well as others. Therefore, the strict government legislation against the possession of firearms restrains the growth of the small arms and light weapons market. Growing technological advancements are a major trend gaining popularity in the small arms and light weapons market. Major companies operating in the small arms and light weapons market are focused on developing advanced technology solutions for small arms and light weapons. For instance, in August 2021, MZA Associates Corp., a US-based laser weapons company, announced that they collaborated with the US military to develop a compact, portable, low-cost, and reliable C-UAS HELWS to damage or destroy unmanned aerial vehicles (UAVs) that are violating the airspace of military bases or other sensitive installations. In September 2020, Sturm, Ruger, and Company, an American-based company that manufactures rugged, reliable firearms for the commercial sporting market, acquired Marlin Firearms assets for $30 million. The acquisition will help Sturm, Ruger, and Company widen their diverse product offerings. Marlin Firearms is an American-based arms manufacturing company. Major players in the small arms and light weapons market are Beretta S.p.A., FN Herstel, Smith & Wesson Holding Corporation, SIG Sauer, Carl Walther GmbH., and GLOCK Ges m.b. H, Colt’s Manufacturing Company LLC., Lockheed Martin Corporation, Thales Group, SAAB AB, Glock Ges. m.b.H., Browning Arms Company, Heckler and Koch, Sturm Ruger & Company, and Alliant Techsystems. Asia-Pacific was the largest region in the small arms and weapons market in 2022. Western Europe is expected to be the fastest-growing region in the global small arms and light weapons market during the forecast period. The regions covered in the global small arms and light weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the small arms and light weapons market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The small arms and light weapons market consists of sales of pistols, rifles, submachine guns, assault rifles, and light machine guns. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenue from resales further along the supply chain or as part of other products. The global small arms and light weapons market is segmented - 1) By Type: Small Arms, Light Weapons 2) By Application: Military, Law Enforcement 3) By Caliber: 14.5mm, 12.7 mm, 9 mm, 7.62mm, 5.56mm 4) By End-Use Sector: Defense, Civil & Commercial 5) By Action: Semi-Automatic, Automatic6) By Firing Systems: Recoil-Operated, Gas-Operated, Manual

The laser weapon systems refer to directed-energy weapons based on lasers. The laser weapon system generates high-energy pulses, that enable an impact on the target. This type of weapon works on the principle of light amplification through stimulated radiation emission (LASER). The main types of products in laser weapons systems are laser designator, LIDAR, 3D laser scanning, laser range finder, ring laser gyro, and laser altimeter. Laser designator is a type of laser weapons system that allows laser designation or surveillance squad to target the designation of laser-guided munitions. The different technologies include solid-state laser, chemical laser, free-electron laser, chemical oxygen-iodine laser, tactical high energy laser, others and is used in air-based, ground-based, and sea-based operations. The laser weapon systems market research report is one of a series of new reports from The Business Research Company that provides laser weapon systems market statistics, including laser weapon systems industry global market size, regional shares, competitors with a laser weapon systems market share, detailed laser weapon systems market segments, market trends and opportunities, and any further data you may need to thrive in the laser weapon systems industry. This laser weapon systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global laser weapon systems market size grew from $5.59 billion in 2022 to $6.47 billion in 2023 at a compound annual growth rate (CAGR) of 15.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The laser weapon systems market size is expected to grow to $11 billion in 2027 at a CAGR of 14.2%. The increasing investment in military and defense is expected to contribute to the growth of the laser weapon systems market in the coming years. Air-based laser weapon systems provide flexibility and accuracy for self-protection against aircraft, missiles, and ground-based weapons in the military and defense sectors. For instance, according to the Stockholm International Peace Research Institute, global military spending rose to $1981 billion in 2020, a 2.6% increase from 2019. Furthermore, in April 2021, the US Air Force granted a $15.5 million deal for Raytheon Technologies, a US-based aerospace and defense company to develop an enhanced version of a dune buggy-mounted laser weapon system. Therefore, the increase in investments in military and defense propels the market for laser weapon systems. The increasing research and development activities in laser weapons are shaping the laser weapon systems market. With growing defense budgets and research grants, militaries around the world are using high-energy laser equipment and investing heavily in research and development. For instance, in May 2021, the US military began research on a prototype laser weapon for short-range air defense, which is a 50-kilowatt high-energy laser mounted on an identifiable position of a Stryker A1 vehicle to lock, track and destroy air threats. In June 2022, Lumibird, a France-based laser technology company acquired laser rangefinder business from Saab for an undisclosed amount. With this acquisition, Lumibird will broaden its portfolio in the European market with a wider range of rangefinders and laser systems. Saab is a Sweden-based firm that designs advanced systems across sectors such as aeronautics, weapons, underwater, command, and control. Major players in the laser weapon systems market are Applied Technology Associates, Boeing, Elbit Systems Ltd., General Atomics, BAE Systems, Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Thales Group, Kratos, Leidos, Leonardo SpA, and Rafael Advanced Defense Systems. North America was the largest region in the laser weapon systems market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the laser weapon systems report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the laser weapon systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The laser weapon systems market consists of sales of high energy laser weapon systems, and high-powered microwaves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global laser weapon systems market is segmented - 1) By Product: Laser Designator, LIDAR, 3D Laser Scanning, Laser Range Finder, Ring Laser Gyro, Laser Altimeter 2) By Technology: Solid State Laser, Chemical Laser, Free Electron Laser, Chemical Oxygen Iodine laser, Tactical High energy laser, Others 3) By Application: Air Based, Ground Based, Sea Based

Light weapons refer to weapons designed for use by two or three persons serving as a crew can be carried and used by a single person. These are incendiary devices, crew-served kinetic firearms, or shoot explosive munitions. The main types of light weapons includes HMG, light cannon, MANPAT, mortar, MANPAD, grenades, missiles, launcher, ATW, and landmines. The HMG (heavy machine gun) are the weapons that can fire 500 to 1,000 rounds per minute and will keep firing as long as the trigger is pressed back, or the ammo supply is depleted. These weapons are made from materials such as steel and polymers technologies used in these weapons include guided and unguided. The main application of light weapons are in defense and homeland security. The light weapons market research report is one of a series of new reports from The Business Research Company that provides light weapons market statistics, including light weapons industry global market size, regional shares, competitors with a light weapons market share, detailed light weapons market segments, market trends and opportunities, and any further data you may need to thrive in the light weapons industry. This light weapons market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global light weapons market size grew from $11.29 billion in 2022 to $12.58 billion in 2023, at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The light weapons market size is expected to grow to $18.39 billion in 2027 at a CAGR of 10.0%. The increase in instances of terrorist activities and conflicts and the rise in the number of illegal activities will propel the growth of the light weapons market. Terrorist acts entail the use or threat of violence to instil fear in a large number of people, not only the direct victims. Light weapons such as pistols, rifles, submachine guns, assault rifles, and light machine guns are used by law regulators to control terror activities. As terrorist activities, conflicts, and illegal activities grow, there will be an increased demand for light weapons to mitigate them. For instance, according to the Centre for Strategic and International Studies (CSIS), an American think tank, in the United States, the number of terrorist attacks increased from 1.5% to 6.4% between 2019 and 2020, which raises the security issue in a country. Thus, the increasing instances of terrorist activities and conflicts and the rise in the number of illegal activities which will contribute to the growth of the light weapons market. The evolution of technology is a key trend gaining popularity in the light weapons market. Technology is shaping how wars are fought, borders are protected, crooks are caught, and individual rights are defined. The evolution of technology has led to the development of guided weapons with a high target hit ratio, which is supported through a range of accessories. Weapon sights, night vision equipment, targeting lasers, laser rangefinders, and fire control systems are just a few examples. For instance, in November 2021, the Bangladesh Navy received the QW-18A MANPADS (Man Portable Air Defense Missile System) from China. The QW-18A MANPADS is an upgraded version of the QW-18 which offers electric-servo control actuators which will increase the guidance and flight characteristics and will offer the air defense system with improved capability against supersonic cruise missiles. In September 2020, Adani Land Defence Systems Technologies Ltd., an Indian manufacturer of defense equipment and an arm of Adani Enterprises acquired a 51% stake in PLR Systems Private Ltd for an undisclosed amount. With this acquisition of a major stake, Adani and IWI (an existing shareholder in PLR) will offer indigenously manufactured defense equipment to the army personnel and an equal number of paramilitary forces and state police forces. PLR Systems Private Limited is an Indian aerospace and defense company offering light weapons. Major players in the light weapons market are Lockheed Martin Corporation, Alliant Techsystems Inc., Rheinmetall AG, Raytheon Technologies Corporation, Thales Group, Heckler & Koch, F. N. Herstal, SAAB AB, MBDA Inc., BAE Systems plc, Rostec, Rafael Advanced Defense Systems Ltd., General Dynamics Corporation, John Cockerill (Cockerill Maintenance), Elbit Systems, Arsenal JSCo, and Indian Ordnance Factories Organization. North America was the largest region in the light weapons market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the light weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the light weapons market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The light weapons market consists of sales of assault rifles, pistols, rifles, and submachine guns.  Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global light weapons market is segmented - 1) By Type: HMG, Light Cannon, MANPAT, Mortar, MANPAD, Grenades, Missiles, Launcher, ATW, Landmine 2) By Application: Defense, Homeland Security 3) By Technology: Guided, Unguided 4) By Materials: Steel, Polymers

 The shoulder fired weapons refer to a weapon that is shot while being held in the hands and having its butt pressed up against a shoulder. The shoulder fired weapons market consists of sales of rocket-propellant grenade and bazooka. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The main types of shoulder-fired weapons are guided and unguided. Guided should fired weapons refer to weapons whose path may be changed while in flight by a radar device. These weapons have a launcher and ammunition. These weapons are used for defense, home security, and others. The shoulder fired weapons market research report is one of a series of new reports from The Business Research Company that provides shoulder fired weapons market statistics, including shoulder fired weapons industry global market size, regional shares, competitors with a shoulder fired weapons market share, detailed shoulder fired weapons market segments, market trends and opportunities, and any further data you may need to thrive in the shoulder fired weapons industry. This shoulder fired weapons market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global shoulder fired weapons market size grew from $6.52 billion in 2022 to $7.47 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The shoulder fired weapons market size is expected to grow to $11.97 billion in 2027 at a CAGR of 12.5%. The increase in defense expenditures is expected to drive the shoulder-fired weapons market. The defense expenditure is increasing to remain in power and secure the position of a country. Armed forces use shoulder-fired weapons throughout the world for defense and safety. The use of shoulder-fired weapons gives a considerable advantage to troops by engaging targets without worrying about the strike's accuracy and the weapon's weight. According to the Stockholm International Peace Research Institute (SIPRI), India's military spending grew to USD 76.6 billion in 2021, a 0.9% rise over the previous year. Therefore, an increase in defense expenditure drives the shoulder-fired weapons market. The development of recoilless artillery is a key trend in the shoulder-fired weapons market. Recoilless weapons are direct-fire weapons differentiated by a method of operation in which propellant gases (or another counter-mass such as powder or liquid) are released from the back of the barrel to balance the recoil caused by the projectile's forward motion. This eliminates the bulky and inconvenient recoil-counteracting equipment of a typical cannon, allowing for a thinner-walled barrel. As a result, it is possible to launch a relatively large projectile from a platform that would otherwise be incapable of carrying the weight or recoil of a comparable-sized conventional cannon. In May 2022, Sweden's military said it would be acquiring a new sort of ammunition for a weapon it already owns, the Carl Gustaf Recoilless Rifle. Carl Gustaf belongs to a heritage of recoilless rifles with hollow tubes for large-caliber explosives that include spiral grooves in the barrel to assist the precision of the shots discharged. In November 2021, True Velocity, a US-based technology company that produces the most modern composite cased munitions, acquired LoneStar Future Weapons for $84 million. With a strategic acquisition, True Velocity is armed with an innovative approach to developing lightweight ammunition and advanced manufacturing technologies, leveraging LoneStar Future Weapons' extensive expertise in research and design, precision manufacturing, quality control, and production efficiency. LoneStar Future Weapons is a Texas-based, cutting-edge technological business dedicated to developing next-generation defense solutions. Major players in the shoulder fired weapons market are Lockheed Martin Corporation, Thales Group, Saab AB, MBDA, Raytheon Company, Rafael Advanced Defense Systems, Denel Soc Ltd., JSC SPA Bazalt, Roketsan AS, General Dynamic Corporation, AirTronic USA LLC, BAE Systems PLC, Machinery and Chemical Industry Inc., China North Industries Group Co Ltd., Rheinmetall AG, and SIATT. North America was the largest region in the shoulder fired weapons market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the shoulder fired weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the shoulder fired weapons market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The shoulder fired weapons market consists of sales of rocket-propellant grenade and bazooka. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global shoulder fired weapons market is segmented - 1) By Type: Guided, Unguided 2) By Component: Launcher, Ammunition 3) By Application: Defense, Home Security, Others

A bulletproof vest refers to a set of protective coverings worn by individuals to protect the torso against bullets, knives, and bombs. Based on proof, vests absorb the impact and reduce or completely stop the penetration of the attack, and any fragments from various explosions. These are generally made by layering woven or laminated fibers, with metal ballistic plates or ceramic inserted. The main types of bulletproof vests include soft vests and hard vests. Soft vests are made using strong woven fibers that can be woven into vests. Kevlar is the most commonly used material in soft vests, which is interwoven into a dense net to absorb a great amount of energy. The different bulletproof vest materials include kevlar, ultra-high molecular weight polyethylene, and graphene. The end-users of the bulletproof vests are military and law enforcement. The bulletproof vest market research report is one of a series of new reports from The Business Research Company that provides bulletproof vest market statistics, including bulletproof vest industry global market size, regional shares, competitors with a bulletproof vest market share, detailed bulletproof vest market segments, market trends and opportunities, and any further data you may need to thrive in the bulletproof vest industry. This bulletproof vest market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global bulletproof vest market size grew from $1.5 billion in 2022 to $1.65 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bulletproof vest market size is expected to grow to $2.27 billion in 2027 at a CAGR of 8.3%. The growth in military expenditure of developed and emerging countries is significantly contributing to the growth of the bulletproof vest market. It is mainly due to an increase in military expenditure, which has further propelled the large-scale procurement of bulletproof vests for the armed forces. According to Stockholm international peace research institute (SIPRI), the expenditure on the military in the world has raised to almost $2 trillion in 2020, which is an increase of 2.6% from 2019. Therefore, the growth in military expenditure is driving the growth of the bulletproof vest market. Innovative product development is a key trend gaining popularity in the bulletproof vest market. Companies manufacturing bulletproof vests are developing new products and undergoing various collaborations to improve the services that are provided. India-based DRDO (Defense Research and Development Organization) developed a lightweight bulletproof jacket, which would weigh around 9kgs, and meet the qualitative requirements for army people. The indigenous technology that is used in this jacket would reduce its weight from 10.4 kg to 9 kg. In 2021, Sellmark Corporation, a US-based producer of outdoor lifestyle products and brands has acquired BulletSafe body armor brands, for an undisclosed amount. This acquisition is expected to help Sellmark to further strengthen its portfolio. BulletSafe is a US-based manufacturer of bulletproof vests. The company also offers vests, ballistic plates and shields, backpack panels, bulletproof caps, bulletproof bandana, and tactical front carriers. Major players in the bulletproof vest market are Wenzhou Start Co Ltd., VestGuard UK, U.S. Armor Corporation, Point blank enterprise, MKU Limited, MARS Armor, Infidel Body Armor, Honeywell International, EnGarde, DuPont, Armourshield Ltd., Armour express, Central Lake Armor Express, Compass International Corp and Condor Outdoor Product Inc Asia-Pacific was the largest region in the bulletproof vest market in 2022. South America is expected to be the fastest-growing region in the forecast period. The regions covered in the bulletproof vest market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the bulletproof vest market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The bulletproof vest market consists of sales of soft armor plates, hard armor plates, concealed vest, and full body tactical armor. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global bulletproof vest market is segmented - 1) By Type: Soft Vest, Hard Vest 2) By Material: Kelvar, Ultra High Molecular Weight Polyethylene, Graphene 3) By End User: Military, Law Enforcement 4) By Application: Covert, Overt

Space propulsion is a technique used to accelerate spacecraft and artificial satellites. Spacecrafts are mainly propelled by the use of a rocket engine. The main types of space propulsion are chemical propulsion and non-chemical propulsion. Chemical propulsion refers to propulsion in which the thrust is provided by the product of a chemical reaction, normally burning (or oxidizing) a fuel. By platform, types of space propulsion include satellites, capsules\cargos, interplanetary spacecraft and probes, rovers/spacecraft landers, and launch vehicles. Major end users of space propulsion are commercial and government and defense entities. The system components used in space propulsion are chemical propulsion thrusters, electric propulsion thrusters, propellant feed systems, rocket motors, nozzles, propulsion thermal control and power processing units. The orbits of space propulsion are low earth orbit (LEO), medium earth orbit (MEO), geostationary earth orbit (GEO), and beyond geosynchronous orbit. The space propulsion market research report is one of a series of new reports from The Business Research Company that provides space propulsion market statistics, including space propulsion industry global market size, regional shares, competitors with a space propulsion market share, detailed space propulsion market segments, market trends and opportunities, and any further data you may need to thrive in the space propulsion industry. This space propulsion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global space propulsion market size grew from $8.25 billion in 2022 to $9.26 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The space propulsion market size is expected to grow to $15.56 billion in 2027 at a CAGR of 13.8%. Increased government investments in space technology are driving the space propulsion market. For instance, in 2021, Westcott Space Cluster in Aylesbury Vale Enterprise Zone invested in a new National Space Propulsion Test Facility (NSPTF), which collected £4 million ($5.44 million) in sponsoring from the UK government Space Agency. The new facility will permit innovation in propulsion technology, including low cost development and testing of more capable engines for interplanetary travel. So, increasing investments in space technology will drive the space propulsion market going forward. Research and development are a key trend gaining popularity in the space propulsion market. For instance, in 2021, the US federal government remains the major source of funding for space R&D. Investment in new space industries now accounts for approximately $5 billion to $6 billion per annum in Space Research & Development investment up from less than $1 billion only a decade ago. Some of these industries receive funding from investment firms, while others are backed by their wealthy founders. Commercial research and development investing within the space department have grown by 22% per annum and more than twice the 10% improvement for US government spending. In 2021, Astra, a US-based company focused on commercial rockets and satellites, announced the acquisition of electric propulsion maker Apollo Fusion for a final purchase price of $50 million. with $30 million in stock and $20 million in cash. This acquisition could strengthen Astra's ability to efficiently manage and supply spacecraft beyond LEO. Apollo Fusion is a US-based company that produces two EP thruster systems, the Apollo Constellation Engine (ACE) and the ACE Max. Major players in the space propulsion market are OHB SE, Accion System, Boeing, Northrop Grumman Corporation, MAXAR Technologies, Thales Alenia Space, Airbus Defense and Space, Vacco Industries, MOOG Inc., Cobham Mission Systems Wimborne Limited, Safran S.A., NPO Splav, BAE Systems, Hanwha Group, and Avibras Indústria Aeroespacial. North America was the largest region in the space propulsion market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the space propulsion report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the space propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The space propulsion market consists of sales of electric, and propellant-less space propulsions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global space propulsion market is segmented - 1) By Type: Chemical Propulsion, Non-chemical Propulsion 2) By Platform: Satellites, Capsules\Cargos, Interplanetary Spacecraft & Probes, Rovers/Spacecraft Landers, Launch Vehicles 3) By End User: Commercial, Government & Defense 4) By System Component: Chemical Propulsion Thrusters, Electric Propulsion Thrusters, Propellant Feed Systems, Rocket Motors, Nozzles, Propulsion Thermal Control, Power Processing Units 5) By Orbit: Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO), Beyond Geosynchronous Orbit

Aerospace is the design and manufacture of aircraft, rockets, missiles, and spacecrafts that operate in the space. Defense equipment refers to weapons, arms and equipment that are used for military purposes. The main aerospace and defense types are aerospace and defense. The aerospace industry consists of companies involved in developing prototypes and the manufacturing or assembling of complete aircraft and aircraft parts for commercial purposes. The aircraft are operated through autonomous and manual modes. The different components include weapon systems, fire control systems, command and control systems, and others. The aerospace and defense market research report is one of a series of new reports from The Business Research Company that provides aerospace and defense market statistics, including aerospace and defense industry global market size, regional shares, competitors with an aerospace and defense market share, detailed aerospace and defense market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace and defense industry. This aerospace and defense market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global aerospace & defense market grew from $795.92 billion in 2022 to $855.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aerospace & defense market is expected to grow to $1076.56 billion in 2027 at a CAGR of 5.9%. During the forecast period, developed countries will experience low interest rates as monetary authorities are reducing interest rates to stimulate economic growth and prevent deflation. This led to the flow of cheap money for investment in these economies. Low interest rates encouraged borrowing for investment and helped drive spending. For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. Major countries that had low-interest rates in the historic period included the USA, Germany, and Japan. Low interest rates will boost the growth of the aerospace and defense markets in the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the aerospace and defense market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing was affected due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Defense equipment manufacturers depend on the supply of raw materials and parts from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and raw materials. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the aerospace & defense market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. 8K video capture technology is being integrated with drones to enhance the picture and video quality captured by these aircraft. 8K technology offers greater horizontal display resolution and offers images that show more details than standard HD. 8K cameras integrated with drones offer higher precision and provide high-resolution footage in autonomous flights. For instance, Autel is offering its EVO series of drones with 8K cameras. Major companies in the aerospace & defense market include Airbus Group SE, Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Raytheon Co, Northrop Grumman Corp, Bae Systems plc, General Dynamics, General Electric Company, and Safran SA. North America was the largest region in aerospace & defense market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the aerospace and defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aerospace & defense market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The aerospace and defense market consists of sales of aircraft, aircraft components, weapons, artillery tanks, and radar equipment for aerospace and defense purposes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global aerospace and defense market is segmented - 1) By Type: Aerospace, Defense 2)By Operation: Autonomous, Manual 3) By Component: Weapon System, Fire Control System, Command and Control System, Others Subsegments Covered: Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support and Auxiliary Equipment, Air based Defense Equipment, Sea based Defense Equipment, Land based Defense Equipment, Defense Equipment Maintenance, Repair and Overhauling Services, Defense Support and Auxiliary Equipment