Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 27 Billion | USD 39 Billion | 4% | 2023 |
FrequentlyAsked Questions
Lethal weapons are defined as products that can cause serious damage or injury to others. It encompasses a slew of objects including explosives, firearms, and knives that can inflict harm to individuals.
The global lethal weapons market growth over the forecast period can be owing to an increase in the research activities related to military & defense technologies.
According to a study, the global lethal weapons industry size was $27 billion in 2023 and is projected to reach $39 billion by the end of 2032.
The global lethal weapons market is anticipated to record a CAGR of nearly 4% from 2024 to 2032.
The European lethal weapons industry is set to register the fastest CAGR over the forecasting timeframe owing to ongoing conflicts in Europe such as Ukraine & Russia conflicts. Need for upgrading the defense capabilities of European nations to address the military threats from adversaries will further boost the industry growth in Europe. Technological innovations in the defense sector and huge fund allocation to increase the production of arms & ammunition will further spur the industry trends in Europe.
The global lethal weapons market is led by players such as Northrop Grumman Corporation, Lockheed Martin Corporation, Rheinmetall AG, Raytheon Technologies, Airbus, Boeing, Thales Group, General Dynamics Corporation, BAE Systems, and Saab AB.
The global lethal weapons market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, cash-benefit analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, factor analysis, and value chain analysis. It provides an apt scenario about demand and factor conditions in the country impacting the profitability of the firms in the domestic and international markets.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed