Small Arms And Light Weapons Industry Status and Trend Report by 2024

The global Small Arms And Light Weapons market size is expected to reach USD 13.35 trillion by 2027, according to a new report by Grand View Research Inc. It is projected to exhibit a CAGR of 5.4% during the forecast period. Rising public-private partnership to aid the investment in infrastructure development in emerging economies is expected to bolster the growth.

Increasing adoption of advanced technologies and digitalization is expected to have positive impact on sustainable development of Small Arms And Light Weapons value chain across the globe. These trends are expected to strengthen the network of players in the construction value chain and facilitate the digital transformation process, thereby driving the market for Small Arms And Light Weapons.

Numerous market players are focusing on the use of green building products owing to the rising significance of eco-friendly products and energy efficiency. Thus, the shift of construction sector from the use conventional construction materials, is expected to heighten of importance of Small Arms And Light Weapons for the successful execution of construction projects.

The government, private contractors, and public-private partnerships are the major buyers of Small Arms And Light Weapons services for the development of residential and commercial projects, infrastructure projects, and industrial facilities. Rapid rise in service standardization and establishment of regulatory norms among major economies is anticipated to positively influence the market growth.