Weapons Manufacturing Global Market Briefing 2018
Including: Explosives, Rockets, And Mortars, Manual Small Arms, Semi-Automatic Small Arms, Other Gun Powder Weapons, Artillery, Automatic Small Arms, and Non-Gun Powder Weapons
Covering: Northrop Grumman, General Dynamics Corporation, BAE Systems PLC
The Business Research Company’s reports are based on the methodology below.
Our datasets are created using a wide range of proprietary and public sources including leading government bodies, associations, trade journals, market intelligence reports and trade magazines. Data is modelled based on hard data, extrapolation, regression analysis based on known macro data inputs, interpolation between hard figures, comparisons with other geographies and markets, price estimations, and qualitative inputs. Data is triangulated within our unique market data model covering an exhaustive list of 200+ markets across 12 countries and 5 regions. Comparable data is used for sanity check and trend analysis. For example our global market value data is compared to unit sales and price data for the relevant market as well as relevant macro-economic datasets in order to establish validity.
Market value is defined as the revenues earned by organizations for products and services within the specified market. The break down by geography is revenue generated within the specific industry by organizations in the specified geography, irrespective of where they are produced.
Competitor Market Share Data
The competitor market share data is intended to represent the companies that gain the most revenues from the given market and the percentage share of the market that they hold. If a company derives most of its revenues from the market, its revenues are given in full. If a large part of the company's revenues come from other markets, only the division of the company which operates in this market is included. Where accurate information is not available on the revenues a company generates from the market its market share is not included, however a profile of the company may still be included if it is a significant competitor in the market.
Analysis is drawn from our Consultants’ wide range of industry and research experience as well as public and proprietary sources. Consultants are trained in research techniques and ethics by the Market Research Society.
Verification Through Expert Interviews
Every year The Business Research Company carries out thousands of interviews with senior executives and industry experts across hundreds of markets. Through these interviews we develop our internal understanding of markets and geographies and cross reference our understanding of global markets with expert feedback utilizing ‘Delphic’ research methodologies.
The Business Research Company prides itself on the quality and validity of its data and analysis. Our unique ‘end noted’ referencing approach allows the user to trace our market numbers and analysis back to the specific data sources they were derived from.
Weapon industry comprises establishments engaged in the manufacturing of weapons such as small arms and ammunition other ordnance, and/or ordnance accessories, bombs, depth charges, rockets (except guided missiles), rocket launcher, grenades, mines, torpedoes and other military knives and other non-gun powder weapons.
North America was the largest region in the weapon manufacturing market in 2017, accounting for 50.9% share in the market. North America led by US dominates the global weapons market in terms of expenditure and technological advances. Investments in missile defense programs in the regions are increasing, and are expected to continue to increase in the near future, thus generating a high demand for radar systems.
Asia Pacific was the second largest region accounting for 25.2% share in the market. The geopolitical instability & the growing territorial and maritime conflicts in Asia-Pacific region is driving the demand for radars and weapons in the countries, such as China, India, Australia, and Japan, to enhance their inventory of arms and weapons, and, to track and identify unauthorized entry of aircrafts and ships into the country.
South America was the smallest region accounting for 0.5% share in the market.
Smart Gun Technology
Smart gun technology is gaining the attracting the interests of the manufacturer in the recent times. The technology will reduce accidental and criminal shootings due to its safety features that allows firing by authorized users only. A gun is implanted with a radio-frequency-identification devices (RFID) chip reader that connects wirelessly with a watch or wristband, when in a definite range, to activate it. This gun is activated through a 5-digit PIN code for a set period. Biometrics technology is also used for smart guns. Arms manufacturer such as Armatix and iGun Technology Corp are pursuing such technological advancements to provide the market with smart guns.
- Table 1 : Global Weapon Manufacturing Market, Historic Market Size, 2013-2017
- Table 2 : Global Weapon Manufacturing Market, Forecast Market Size, 2017-2021
- Table 3 : Global Weapon Manufacturing Market, Split By Region, 2017
- Table 4 : Global Weapon Manufacturing Market, Historic And Forecast Growth Rate, By Region, 2013-2021
- Table 5 : Global Weapon Manufacturing Market, Split By Country, 2017
- Table 6 : Global Weapon Manufacturing Market, Historic And Forecast Growth Rate, By Country, 2013-2021
- Table 7 : Global Weapon Manufacturing Market, 2017, Key Competitor Estimated Market Shares, 2017
- Figure 1 : Global Weapon Manufacturing Market, Historic Market Size, 2013-2017
- Figure 2 : Global Weapon Manufacturing Market, Forecast Market Size, 2017-2021
- Figure 3 : Global Weapon Manufacturing Market, Split By Region, 2017
- Figure 4 : Global Weapon Manufacturing Market, Historic And Forecast Growth Rate, By Region, 2013-2021
- Figure 5 : Global Weapon Manufacturing Market, Split By Country, 2017
- Figure 6 : Global Weapon Manufacturing Market, Historic And Forecast Growth Rate, By Country, 2013-2021
- Figure 7 : Global Weapon Manufacturing Market, 2017, Key Competitor Estimated Market Shares, 2017
The Business Research Company is a market research and intelligence company which excels in company, market and consumer research. It has over 50 research professionals at its offices in India, the UK and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.