According to Goldstein Research, Russia arms market occupied 25% share of the global arms market in 2015, which accounted for USD 32.0 billion in 2016, growing at a CAGR of 2.5%.Russia stand for its cold-war legacy and government support in marketing and sales of arms to foreign nations are driving the growth in production of arms in Russia. Russia arms market segmentation has been done on the basis of type of arms and application. Strong customer base of US weapons and Moscow eating the exports of Russia by exporting to Venezuela are major challenges in growth of Russia arms market. Russiaarms market is based on flexible arms deal with existing customers and to attract new customers. Russia is targeting the developing countries for the supply of arms by offering lucrative deals such as to Middle East and Asia-Pacific countries.
Market Segmentation
On the basis of our in-depth analysis, Russia Arms Market can be segmented as follows:
• Based on Types of Arms
o Land Based Weapon
o Aerospace Weapon
o Naval Weapon

• Based on Application
o Military Actions
o Law Enforcement
o Hunting & Sports
o Self-Defense

“RussiaArmsMarket Industry Research” contains detailed overview of the Russiaarms market.On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by type of arms and application.
Further, for the in-depth analysis, Russia Arms Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asAlmaz-Antey Corporation, United Shipbuilding Corporation, United Aircraft Corporation, Tactical Missiles Corporation, Russian Helicopters, Uralvagonzavod, Vertolety Rossii AO, United Instrument Manufacturing Corporation (UIMC), United Engine Corporation, High Precision Systems, Radio-Electronic Technologies Concern (KRET), Radio Technical and Informational Systems Concern (RTI), Sukhoi Company, Irkut Corporation, Sevmash, Salyut Machine-Building Production Association,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the Russiaarms market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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