Medium Weapons are two-handed weapons available to Medium and Heavy Body Types. This includes automatic assault rifles, powerful close-quarter shotguns and portable grenade launchers, etc. Medium Body Types are able to utilise weapons of this category as primary weapons. Heavy weapons refer to any weapon systems that are too big and heavy for infantry to carry and thus rely on mounting platforms (vehicles, aircraft, watercraft or fortifications) to operate.
The global key manufacturers of Medium and Heavy Weapons include Lockheed Martin, Raytheon Technologies, Boeing, Northrop Grumman, General Dynamics, BAE Systems, NORINCO Group, L3Harris Technologies, and Airbus, etc. In 2021, the global top five players hold a share approximately 28.45% in terms of revenue. And most of the leading companies come from USA. For a long time, the United States has dominated the world's number one arms sales, and has even held a monopoly position for a long time. The United States Medium and Heavy Weapons market size was US$ 241,869 million in 2021, accounting for 35.93% revenue share globally.
The key driver of industry revenue growth is military spending growth. Global Medium and Heavy Weapons market size was US$ 673,170 million in 2021 and is forecast to a readjusted size of US$ 928,832 million by 2028 with a CAGR of 4.45% during the forecast period 2022-2028.
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