The 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.
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The global weapon manufacturing market has shown a decline
in the past years with a CAGR of over negative 1%. The year 2013 recorded
highest ever growth in this market, and then declined to around $500 in 2017 as
per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims.
The report also shows the weapon manufacturing market to
grow at a higher CAGR by 2021 as compared to 2017, along with geographies best
suited for investments with highest return rate.
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report at
The technological developments and R&D activities in
weaponry are expected to result in the development of weapons such as smart
guns and nuclear ballistic missiles, which contribute to the market growth. The
increasing focus of multiple governments to expand their military arsenal and
the increasing budget for the sector are also some of the key drivers of the
weapons market.
Companies included in the report are Lockheed Martin Corp,
BAE Systems, Raytheon, Boeing, and General Dynamics Corp.
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