Elizabeth Leigh
The global small arms market is set for a 2.21 percent year-over-year growth from 2014 to 2018, new analysis from Research and Markets revealed.
The report, entitled “Global Small Arms Market 2014-2018,” highlighted efforts to innovate in light weapons technology, such as the U.S. government’s LSAT program, as a chief influencer in product development, the market analyst said Tuesday.
Small arms are now more widely available for use by law enforcers and private citizens due to changes in legal ownership policies and the threat landscape, driving growth for the industry, it added.
The report looked at other drivers and challenges and their effect on the industry, and analyzed the vendor landscape, with portfolios on BAE Systems, Alliant Techsystems and 11 other companies.
