The
weapons industry comprises establishments primarily engaged in manufacturing
small arms, explosives, rockets, and mortars, artillery and non-gun powder
weapons.
The
global weapons market was valued at $566 billion in 2017. Its large market size
can be attributed to high demand for weapons due to rising geopolitical
tensions. Additionally, demand for automated and smart weapons (which are
generally highly priced than regular ones) to have combat edge is further
supporting the market.
The market in the report is segmented into: explosives, rockets,
and mortars, manual small arms, semi-automatic small arms, other gun powder
weapons, artillery, automatic small arms, and non-gun powder weapons.
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North
America was the largest region in the weapon manufacturing market in 2017,
accounting for over 50% share in the market. The USA was the largest country in
2017, accounting for 48% share in the market.
The top five competitors in the market
are: Lockheed Martin Corp, BAE Systems, Raytheon,
Boeing and General Dynamics Corp. Lockheed Martin was the largest competitor.
It is an aerospace and defense company and is engaged in development and
manufacturing of aircrafts, missiles, sensors, and other warfare technologies.
The company also provides satellites and spacecraft related products and
services.
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