Global Arms Market is Expected to Reach USD 363.7 Billion by 2024

Posted March 26, 2018 by Steveblade

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According to Goldstein Research, global arms market is expected to reach USD 363.7 billion by 2024 from USD 308 billion in 2015, growing at a CAGR of 2.1% over the forecast period 2016-2024. Growing border security concerns and increasing military budgets in most of the countries are fuelling international arms trade and growth of global arms market. Arms market segmentation has been carried out on the basis of types of weapon and application. Based on application military & defense actions occupy the largest market share in 2016, owing to the increasing military budget in different economies.

Global arms market is dominated by North America and in 2016, U.S. accounted for the 40% share of the global arms trade and the export of arms in the US grew by 43%. Russia stands second in the trade of arms valued over USD 7.2 billion in 2015, followed by France as third largest exporter. Developing countries value of arms delivery witnessed a decline and the value reached USD 34 billion in 2016 as compared to the value USD 36.2 in 2014.

Market Segmentation
On the basis of our in-depth analysis, Global Arms Market can be segmented as follows:

• Based on Types of Weapon

o Land Based Weapon
o Aerospace Based Weapon
o Naval Based Weapon
o Digital Arms

• Based on Application

o Military & Defense Actions
o Law Enforcement
o Hunting & Sports
o Self-Defense

• By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Arms Market Outlook 2024” contains detailed overview of the global arms market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by types of weapon and by application.

Further, for the in-depth analysis, Global Arms Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Lockheed Martin, Boeing Company, BAE Systems plc, Raytheon Company, Northrop Grumman Corporation, General Dynamics Corporation, Airbus Corporation, United Technologies Corporation, Leonardo S.p.A., L3 Technologies, Textron, Naval Group, Honeywell International Inc, United Shipbuilding Corporation , Safran S.A., The PJSC United Aircraft Corporation, Rolls-Royce, Huntington Ingalls Industries, Almaz-Antey Corporation, Thales Group, Leonardo S.p.A. and Pratt & Whitney, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global arms market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Browse full Report @

About Goldstein Research
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on aviation and defense reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Contact more info:
Steve Blade
(Global Sales Head)
USA : +1-646-568-7747
Canada : +1-437-886-1181
UK : +44-203-318-6627
[email protected]
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Contact Email [email protected]
Issued By Goldstein Research
Website Arms Market
Phone 6465687747
Business Address 99 Wall Street ,Suite No- 527, New York, NY 10005
Country United States
Categories Defense
Tags arms market , arms market share , arms market size , arms industry demand
Last Updated March 27, 2018