Lethal Weapons Market to Reach $34.47 Billion by 2029, Expanding at 5.3% CAGR

 Backed by rigorous analysis and deep industry knowledge, this study is designed to support growth and investment decisions in the lethal weapons market.

What Is The Expected CAGR For The Lethal Weapons Market Through 2025?
The lethal weapons market size has grown strongly in recent years. It will grow from $26.59 billion in 2024 to $28.06 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to rise in global conflicts, rise in arms races, increase in colonial expansion, surge in geopolitical tensions, rise in military modernization, and increase in national security concerns.

The lethal weapons market size is expected to see strong growth in the next few years. It will grow to $34.47 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to rising geopolitical tensions, increasing defense budgets, growing demand for modernized military equipment, rising counter-terrorism efforts, rising international arms trade agreements, and expansion of private security forces. Major trends in the forecast period include advancements in autonomous weapon systems, AI integration, precision-guided munitions, adoption of stealth technology, advancements in hypersonic weapons, cyber-enhanced warfare capabilities, and advancements in firearms.

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Which Key Factors Will Influence Lethal Weapons Market Growth Over 2025-2034?
The increasing defense budget is expected to propel the growth of the lethal weapons market going forward. Defense budget refers to the funds allocated by a nation's military to purchase, replenish, and maintain its stockpile of bullets, shells, missiles, and other munitions. Defense budgets are increasing due to heightened geopolitical tensions, as nations seek to strengthen military capabilities, ensure strategic deterrence, and prepare for potential conflicts. An increase in defense budgets drives the development of more advanced lethal weapons by funding research, innovation, and large-scale production. For instance, in December 2023, according to the House of Commons Library, a UK-based library, the UK won defense orders worth $16.04 billion (£12.0 billion) in real terms in 2022. This is a $6.15 billion (£4.6 billion) increase from 2021, reflecting a significant rise in defense procurement and investment in advanced military capabilities. Therefore, the increasing defense budget is driving the growth of lethal weapons market.

Comprehensive Segment-Wise Insights Into The Lethal Weapons Market
The lethal weapons market covered in this report is segmented –

1) By Type: Directed Energy Weapons, Firearms, Missiles And Rockets, Nuclear Weapons, Ammunition, Chemical And Biological Weapons, Explosives
2) By Technology: Mechanical And Kinetic, High-Energy Laser, Chemical, Acoustic, Electromagnetic
3) By End-User: Military, Law Enforcement Agencies, Civilians

Subsegments:
1) By Directed Energy Weapons: High Energy Lasers, Microwave Weapons, Particle Beam Weapons
2) By Firearms: Pistols, Rifles, Machine Guns, Shotguns
3) By Missiles Aund Rockets: Ballistic Missiles, Cruise Missiles, Anti-Aircraft Missiles, Anti-Tank Missiles, Surface-to-Air Missiles, Surface-to-Surface Missiles
4) By Nuclear Weapons: Strategic Nuclear Weapons, Tactical Nuclear Weapons, Thermonuclear Weapons
5) By Ammunition: Bullets, Shells, Grenades, Flares
6) By Chemical And Biological Weapons: Nerve Agents, Blister Agents, Blood Agents, Pathogens, Toxins
7) By Explosives: Plastic Explosives, Dynamite, Improvised Explosive Devices (IEDs), Landmines, Bombs

Lethal Weapons Market Emerging Trends And Opportunities
Major companies operating in the lethal weapons market are focusing on advancements in firearms such as long-range swing revolver, to enhance accuracy, increase firing range, improve durability, and meet evolving combat and defense requirements across military and law enforcement sectors. A long-range swing revolver is a handgun made for improved accuracy at greater distances and includes a swing-out cylinder for quick reloading. For instance, in August 2023, Advanced Weapons and Equipment India Limited, an India-based defense company, launched 'Prabal', its first long-range swing revolver for civilians, with a 50-metre firing range twice that of standard revolvers. This features a side swing-out cylinder, a design previously found only in some imported models such as the Webley Scott. This feature simplifies reloading by allowing the cylinder to swing out sideways, rather than requiring the frame to be broken open, making the process faster and more user-friendly.

Analysis Of Key Players In Lethal Weapons Market
Major Companies operating in the lethal weapons market are Raytheon Technologies Inc., The Boeing Company, Lockheed Martin Corporation, Airbus SE, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems, Thales Group, Leonardo S.p.A., Rheinmetall AG, Saab AB, MBDA Inc., Krauss-Maffei Wegmann GmbH & Co. KG, FN Herstal, Nammo AS, Denel SOC Ltd., Bharat Dynamics Limited, Taurus Systems GmbH, ST Engineering, Advanced Weapons and Equipment India Limited

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Lethal Weapons Market Size, Share and Growth Report 2025

What Are The Key Regional Trends In The Lethal Weapons Market?
North America was the largest region in the lethal weapons market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lethal weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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