Global Small Arms & Light Weapons (SALW) Market Outlook (CAGR -0.4%) | 2025–2032

global Small Arms and Light Weapons (SALW) market was valued at USD 18.5 billion in 2024 and is projected to reach USD 17.96 billion by 2032, registering a negative CAGR of -0.4% during the forecast period (2025–2032). The market’s gradual contraction is driven by tightening international regulations, shifting defense spending priorities, and increasing adoption of non-lethal security solutions. While civilian users continue to account for the largest share of demand, ongoing defense modernization programs and technological advancements are helping sustain market activity across military and law enforcement segments, particularly in North America, Europe, and parts of Asia-Pacific.