Global Light Weapons and Aerospace Riveting Equipment Markets Forecast Strong Growth to 2034

Fortune Business Insights projects the global light weapons market to expand from a 2025 valuation of USD 16.46 billion to USD 28.26 billion by 2034, a compound annual growth rate of 6.19%. North America accounts for roughly 45% of the market share. Growth is driven by rising defense modernization programs, AI‑enabled technologies, and increased geopolitical spending.

The aerospace riveting equipment market is expected to rise from USD 1.631 billion in 2025 to USD 2.914 billion in 2034, reflecting a 6.4% CAGR. The sector is being propelled by adoption of artificial intelligence, autonomous systems, and broader defense investment across North America, Europe and the Asia‑Pacific. Both markets cite heightened security requirements and innovation in aerospace and defense as key catalysts.