London, 28 November 2014 – The Global Small Arms Market is expected to post a CAGR of 2.21 percent from 2014-2018, in response to ease of availability of small arms and light weapons globally, says TechNavio.
Increased land warfare and a growing number of conflicts in urban areas have put pressure on local law enforcement and homeland security personnel to react quickly and effectively to security threats. Small arms and light weapons are best suited for dealing with conflicts in urban areas.
“The changing nature of warfare has resulted in the development of new small arms and light weapons so as to find a solution to changing global security needs,” says Faisal Ghaus, Vice President of TechNavio.
“Programs like Lightweight Small Arms Technologies (LSAT), which is a US military project to replace existing small arms in the US, is aimed at significantly reducing the weight of small arms and their ammunition.”
The development of smart guns is also expected to drive growth in the market through 2018. Smart guns are mainly developed with the aim of restricting unauthorized or accidental misuse of guns. These smart guns are expected to find a solid customer base among civilians and law enforcement bodies.
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