Global Small Arms and Light Weapons (SALW) Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of around XX % during a forecast period.
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Innovation of police is one of the primary factors accountable for the growth of small arms and light weapons (SALW). There has been an increasing focus on the part of several governments to modernize its police forces as a result of the increasing crime rates. Furthermore, many defense modernization programs being implemented across numerous countries has also impacted the small arms and light weapons (SALW) positively. Increase in urban warfare is another factor which is anticipated to boost the demand for small arms and light weapons (SALW) during the forecast period. Small arms and light weapons are best suited to counter attacks in situations where carpet bombing cannot be used and encounters happen at close quarter.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis
Also, measures taken by many countries to address the issue of drug trafficking is another factor which has resulted in an augmented demand for small arms and light weapons (SALW). These factors in overall are anticipated to positively impact the growth of small arms and light weapons (SALW) market