By Editor , 20 September 2026 Small Arms Market to Hit $13.41B by 2031 as Defense Modernization Accelerates Hyderabad – September 19, 2026 -- The global small arms market is projected to grow from $10.75 billion in 2026 to $13.41 billion by 2031, a 4.53% CAGR, according to a new report from Mordor Intelligence.