India Firearms Market Size, Share | Industry Forecast 2033

India Firearms Market Size, Share, Trends and Forecast by Type, Technology, Operation, End Use, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A29901

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India Firearms Market Overview:

The India firearms market size reached USD 1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1.66 Billion by 2033, exhibiting a growth rate (CAGR) of 5.8% during 2025-2033. The increasing civilian gun ownership for self-defense, rising demand from law enforcement and military modernization programs, growing participation in shooting sports, and expanding licensed firearm manufacturing, promoting domestic production and technological advancements are the factors propelling the growth of the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 1 Billion
Market Forecast in 2033	USD 1.66 Billion
Market Growth Rate (2025-2033)	5.8%

India Firearms Market Trends:

Rising Defense Modernization

India is advancing its defense capabilities by developing new weapon systems and delivery platforms. Strategic initiatives focus on enhancing land, air, and sea-based military assets to strengthen national security. The expansion of the nuclear warhead stockpile highlights efforts to maintain deterrence and preparedness. Increased investments in military infrastructure and technology indicate a move toward a more advanced and self-reliant defense ecosystem. Expanding capabilities in missile systems and nuclear deterrents align with broader modernization efforts, ensuring operational readiness. The emphasis on indigenous defense manufacturing and advanced warfare technology reflects long-term security objectives. These developments contribute to a stronger, more resilient national defense strategy, supporting the country’s geopolitical stance and regional stability goals. As per industry reports, the firearms market in India is influenced by ongoing defense modernization, with new weapon systems and delivery platforms in development. The country has produced military plutonium sufficient for 130–210 nuclear warheads, with an estimated 172 currently in stock. The warhead inventory is expanding. These developments align with India’s strategic defense initiatives, focusing on enhanced capabilities for land, air, and sea-based systems.

India firearms market Size

Advancing Indigenous Artillery Capabilities

India is strengthening its defense sector by showcasing advanced artillery systems, highlighting growing self-reliance in military manufacturing. Recent demonstrations of modern towed howitzers reflect a shift toward domestically produced firepower, reducing dependence on foreign imports. Efforts to enhance precision and firepower indicate a focus on battlefield effectiveness and strategic preparedness. The increasing adoption of advanced artillery systems underscores ongoing military modernization, supporting national security objectives. Investments in indigenous defense manufacturing align with broader initiatives to develop high-tech weaponry tailored to operational requirements. These advancements reinforce India’s commitment to a robust defense ecosystem, ensuring combat readiness and technological superiority. By prioritizing locally produced systems, the country is positioning itself as a key player in global defense manufacturing and innovation. For instance, in July 2024, the Indian Army's 286 Medium Regiment, known as the "Kargil Gunners," showcased its artillery prowess in Assam to honor Kargil War heroes. Equipped with Dhanush 155 mm towed howitzers, the regiment demonstrated advanced firepower, reflecting India's growing self-reliance in defense manufacturing.

India Firearms Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type, technology, operation, and end use.

Type Insights:

Pistol
Revolver
Rifle
Machinegun
Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes pistol, revolver, rifle, machinegun, and others.

Technology Insights:

Guided
Unguided

A detailed breakup and analysis of the market based on the technology have also been provided in the report. This includes guided and unguided.

Operation Insights:

Automatic
Semi-Automatic
Manual

The report has provided a detailed breakup and analysis of the market based on the operation. This includes automatic, semi-automatic, and manual.

End Use Insights:

Military
Law Enforcement
Sports
Hunting
Self-Defense
Others

A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes military, law enforcement, sports, hunting, self-defense, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Firearms Market News:

In November 2024, the Defence Research and Development Organisation (DRDO) successfully completed flight tests of the Guided Pinaka Weapon System, meeting all Provisional Staff Qualitative Requirements. This indigenous precision-strike system, developed with industry partners, enhances the Indian Army's artillery capabilities.
In October 2024, the Indian Army, Assam Rifles, and Manipur Police recovered 12 weapons, ammunition, and warlike stores from multiple districts in Manipur, including Thoubal and Churachandpur. This operation underscores the security forces' commitment to restoring peace in the region.

India Firearms Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Technology Operation End Use Region
Types Covered	Pistol, Revolver, Rifle, Machinegun, Others
Technologies Covered	Guided, Unguided
Operations Covered	Automatic, Semi-Automatic, Manual
End Uses Covered	Military, Law Enforcement, Sports, Hunting, Self-Defense, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India firearms market performed so far and how will it perform in the coming years?
What is the breakup of the India firearms market on the basis of type?
What is the breakup of the India firearms market on the basis of technology?
What is the breakup of the India firearms market on the basis of operation?
What is the breakup of the India firearms market on the basis of end use?
What are the various stages in the value chain of the India firearms market?
What are the key driving factors and challenges in the India firearms market?
What is the structure of the India firearms market and who are the key players?
What is the degree of competition in the India firearms market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India firearms market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India firearms market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India firearms industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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