- The key vendors in the Small Arms Market in the US 2015-2019 are Alliant Techsystems, Heckler & Koch and Smith & Wesson.
London, 20 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Small Arms Market in the US 2015-2019. Developments in small arms technology are one of the key trends in the market providing numerous options in small arms. There have been many new developments in the manufacture of small arms and light weapons. For instance, programs such as LSAT, a US military project, aim to significantly reduce the weight of small arms and the ammunition used in them. The market in the US is expected to grow at a CAGR of 7.90 and 7.98 percent, In terms of revenue and units production, respectively, during the period 2014-2019.
“Small arms are the most suitable weapon of choice for such situations, as ‘carpet bombing’ cannot be used in urban areas with civilian settlements,” says Faisal Ghaus, Vice President of TechNavio Research.
“With the increase in terrorist activities and conflicts, most encounters occur as close-quarter combat. The changing nature of warfare, therefore, has resulted in the development and use of small arms.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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