LONDON--(BUSINESS WIRE)--The Global Small Arms Market is expected to post a CAGR of 2.21 percent from 2014-2018, in response to ease of availability of small arms and light weapons globally, says TechNavio.

Increased land warfare and a growing number of conflicts in urban areas have put pressure on local law enforcement and homeland security personnel to react quickly and effectively to security threats. Small arms and light weapons are best suited for dealing with conflicts in urban areas.

“The changing nature of warfare has resulted in the development of new small arms and light weapons so as to find a solution to changing global security needs,” says Faisal Ghaus, Vice President of TechNavio.

“Programs like Lightweight Small Arms Technologies (LSAT), which is a US military project to replace existing small arms in the US, is aimed at significantly reducing the weight of small arms and their ammunition.”

The development of smart guns is also expected to drive growth in the market through 2018. Smart guns are mainly developed with the aim of restricting unauthorized or accidental misuse of guns. This new breed of gun is expected to find a solid customer base among civilians and law enforcement bodies over the projected period.

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About TechNavio

TechNavio is a leading global technology research and advisory company.

Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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