Global Arms Industry Analysis: Based on Types of Weapon, Based on Application, Based on Geography With COVID-19 Impact | Market Outlook 2017-2030

Global Arms Market Overview

In the last five years, arms exports are experiencing a declining growth rate and the total annual volumes of arms have become stabilized to nearly USD 15 billion. Currency devaluation and global economic crisis are major factors constraining the growth of global arms market. These macroeconomic factors have raised concerns to nations over the budget problems for purchasing new major weapon systems. However, the fragile security and constant border security instability are becoming a major concern for every nation. With the improving technology, developing and developed nations are equipping their ammunitions store with modern gadgets and replacing their conventional weapons with advance equipments such as GPS guidance and automated systems of weapons. America is the leading arms exporter and sells arms to more than 100 countries. Shortfall in the expansion of global weapons market is raising the competition among suppliers to transfer advanced technology and to secure better weapon deal terms. For instance, the US and European arms sellers are competing to expand their arms export business in developing nations mainly in Gulf countries and in India.

Countries are more involved in export and imports of arms across the globe. For instance, South Korea is the export partner of Latin America and supplies aircraft and warship.  Vietnam, one of the fastest growing economies of South-East Asia, has tripled their weaponry import in 2016 as compared to 2011. Moreover, arms purchasing of Middle East countries are also witnessing tremendous growth in last five years. In 2016, arms purchasing of Qatar increased by 245% whereas, Saudi Arabia’s purchase of arms grew over 210% as compared to 2010.

Global Arms Market Segmentation

Global Arms Market is segmented on the following basis:

• Based on Types of Weapon

• Land Based Weapon
• Aerospace Based Weapon
• Naval Based Weapon
• Digital Arms

• Based on Application

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

• Based on Geography

• North America (U.S. & Canada) {Market Size (USD Billion), Growth Analysis (%) and Export & Import Size (USD Billion)}
•  Latin America (Brazil, Mexico, Argentina & Rest of Latin America) {Market Size (USD Billion), Growth Analysis (%) and Export & Import Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Billion), Growth Analysis (%) and Export & Import Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion), Growth Analysis (%) and Export & Import Size (USD Billion)}
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion), Growth Analysis (%) and Export & Import Size (USD Billion)}
•  Rest of World {Market Size (USD Billion), Growth Analysis (%) and Export & Import Size (USD Billion)}

Market Size and Forecast (2017-2030)

United Nation’s Arms Trade Treaty which controls the regulation of weapon business and ensures that arms are not sold to irresponsible users is likely to boost the demand for advance weaponry systems in the near future. With the rising armed conflicts and unstable security situations across the globe is accelerating the global trade for major weapons systems. The global arms market valued USD 308 billion in 2015 and is projected to reach USD 363.7 billion in 2024, registering a compound annual growth rate of 2.1% during the forecast period. During the time period of 2012-2016, over 127,274 units of arms were exported across the globe.

In 2016, as per Stockholm International Peace Research Institute (SIPRI), total value of international trade of arms-transfer agreements increase by 16% from the value USD 266 billion in 2011. North America is the dominating region for the global arms market and the US accounts for 36.6% share of the total arms market. In 2016, U.S. accounted for the 40% share of the global arms transfer and the export of arms in the US grew by 43%. 50% of the US arms export went to the Middle East region in countries such as Saudi Arabia, the UAE and Iraq.

In 2015, Russia delivered total arms valued over USD 7.2 billion. Russia is the second and France is the third largest exporter of arms throughout the world in 2016. In the same year, western European countries such as the UK, Germany, France and Italy together held nearly 22% of the global arms trade agreements.

In developing countries the value of arms delivery is witnessing a relative decline and the value reached USD 34 billion in 2016 as compared to the value USD 36.2 in 2014. China is the fastest growing exporter for global arms market and dominating country with 5% share of global arms transfer agreement in 2016. China's arms-transfer agreements value to developing countries reached nearly USD 6 billion in 2016.

Market Drivers and Challenges

Growing conflicts and wars between countries, cross-border disputes and rising fear of terrorism across the globe are driving the governments to procure more advanced and efficient arms and weapons for their military and defense operations. This is likely to contribute in the growth of global arms market. However, changing political landscapes of the nations and regulations on export control, rising political risks on intellectual-property issues and technology-transfer requirements are expected to hinder the international trade of arms. Moreover, shifting of countries towards affordable weapon systems is likely to increase the market competitiveness and eventually will impact the growth of global arms market.

Covered in this Global Arms Market

Market Synopsis

Market Segmentation

The Global Arms Market is segmented as follows:

• By Types of Weapon (Market Size, Demand Analysis and Growth Analysis)
• By Application (Market Size, Demand Analysis and Growth Analysis)

By Region

• North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}

• Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
• Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
• Asia-Pacific (China, India, Singapore, Japan, Hong-Kong, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
• Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
• Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

• Risk Factors

• Regional Variations
• Recent Trends and Developments

COVID-19 impact on "Global Arms Market"

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Arms Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Players

• Lockheed Martin
  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis
• 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.
• Pratt & Whitney

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks

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