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Weapons Manufacturing Global Market Briefing 2018

Starting Price : $1000 | Pages : 33 | Published : April 2018 | SKU CODE : 2801 | Format :


Weapon industry comprises establishments engaged in the manufacturing of weapons such as small arms and ammunition other ordnance, and/or ordnance accessories, bombs, depth charges, rockets (except guided missiles), rocket launcher, grenades, mines, torpedoes and other military knives and other non-gun powder weapons.

Weapons Market Size

The global weapon manufacturing market was valued at $566.3 billion in 2017. North America was the largest geographic region in the weapon manufacturing market in 2017, accounting for $288.3 billion or 50.9% share in the market. The USA was the largest country in the market in 2017, accounting for $272.1 billion or 48% share in the market.

Weapons Market Trend

Smart gun technology is gaining the attracting the interests of the manufacturer in the recent times. The technology will reduce accidental and criminal shootings due to its safety features that allows firing by authorized users only. A gun is implanted with a radio-frequency-identification devices (RFID) chip reader that connects wirelessly with a watch or wristband, when in a definite range, to activate it. This gun is activated through a 5-digit PIN code for a set period. Biometrics technology is also used for smart guns. Arms manufacturer such as Armatix and iGun Technology Corp are pursuing such technological advancements to provide the market with smart guns.

Weapon industry comprises establishments engaged in the manufacturing of weapons such as small arms and ammunition other ordnance, and/or ordnance accessories, bombs, depth charges, rockets (except guided missiles), rocket launcher, grenades, mines, torpedoes and other military knives and other non-gun powder weapons.

Weapons Market Size

The global weapon manufacturing market was valued at $566.3 billion in 2017. North America was the largest geographic region in the weapon manufacturing market in 2017, accounting for $288.3 billion or 50.9% share in the market. The USA was the largest country in the market in 2017, accounting for $272.1 billion or 48% share in the market.

Weapons Market Trend

Smart gun technology is gaining attracting the interests of the manufacturer in the recent times. The technology will reduce accidental and criminal shootings due to its safety features that allows firing by authorized users only. A gun is implanted with a radio-frequency-identification devices (RFID) chip reader that connects wirelessly with a watch or wristband, when in a definite range, to activate it. This gun is activated through a 5-digit PIN code for a set period. Biometrics technology is also used for smart guns. Arms manufacturer such as Armatix and iGun Technology Corp are pursuing such technological advancements to provide the market with smart guns.

The major players in the global weapons manufacturing market are Lockheed Martin Corp, BAE Systems, Raytheon, Boeing and General Dynamics Corp.

The countries covered in the global weapons manufacturing market are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.

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