The global small arms market size is projected to reach USD 6.52 billion by the end of 2027. The rising cross-border disputes and tense relations will lead to a wider product adoption across the world. According to a report published by Fortune Business Insights, titled “Small Arms Market Size, Share and Global Trend By Type (Handgun, Rifle, Shotgun) By Application (Defense & Homeland Security, Self-Defense, Sports, Hunting, and Law Enforcement), and Regional Forecast, 2020-2027,” the market was worth USD 4.80 billion in 2019 and will exhibit a CAGR of 3.96% during the forecast period, 2020-2027.

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https://www.fortunebusinessins....ights.com/small-arms