Global Handgun Market size was

The global handgun market size was valued at USD 3.12 billion in 2022 and is projected to grow from USD 3.41 billion in 2023 to USD 5.35 billion by 2030, exhibiting a CAGR of 6.6% during the forecast period.

Handgun Market refers to technology military forces use for precise positioning and navigation, usually GPS and other satellite systems. This technology is critical to ensuring that military operations are carried out effectively. Whether it is the movement of troops, specifying the opposing position, or searching for critical infrastructure.

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The Major Key Market Players Covered in this Report:

• Glock gmbh (Austria)
• SIG SAUER (U.S.)
• Sturm, Ruger & Co., Inc. (U.S.)
• FN HERSTAL (Belgium)
• Ceska zbrojovka a.s. (Czech Republic)
• Israel Weapon Industries (Israel)
• Colt's Manufacturing (U.S.)
• Beretta (Italy)
• Smith & Wesson (U.S.)
• Kalashnikov Group (Russia)

Market advancement is being driven by the necessity for smarter technologies, such as automatic guns, compact submachine guns, and light weapons, which significantly enhance warfare effectiveness.

Market Overview

• Handgun Market play a critical role in ensuring precise positioning, navigation, and timing (PNT) across military operations.