The automatic weapons market size is expected to see strong growth in the next few years. It will grow to $13.56 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to counter-drone capabilities, urban warfare considerations, geopolitical instability, unmanned systems integration, cybersecurity concerns. Major trends in the forecast period include non-lethal technologies, technological advancements, sustainability and eco-friendly materials, human-machine teaming, global collaboration in research and development.
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Segmentation & Regional Insights
The automatic weapons market covered in this report is segmented –
1) By Product: Automatic Rifle, Machine Gun, Automatic Launchers, Automatic Cannon, Gatling Gun
2) By Caliber: Small, Medium, Large
3) By End-User: Land, Airborne, Naval, Handheld And Stationary
North America was the largest region in the automatic weapon market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automatic weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing military expenditure is expected to propel the growth of the automatic weapon market going forward. Military expenditure is the amount spent on weapons, weapons systems, operations, maintenance, personnel, and other specific military equipment. Government spending on the military would support the development of various aspects of the military market, including automatic weapons. For instance, in March 2023, according to the United States Air Force (USAF), a US-based agency for the Air Force, the US Air Force’s fiscal year 2024 budget request is roughly $215.1 billion, a $9.3 billion or 4.5% increase over fiscal year 2023. Therefore, increasing military expenditure drives the automatic weapon market.
Key Industry Players
Major companies operating in the automatic weapons market report are China North Industries Corporation, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems PLC, Daewoo Engineering & Construction, Rheinmetall AG, Singapore Technologies Engineering Ltd., Israel Aerospace Industries Ltd., Remington Arms Company, Beretta USA, Smith & Wesson Corp., Taurus Armas S.A., Heckler & Koch AG, SIG Sauer AG, FN Herstal SA, Colt’s Manufacturing Company LLC, HS Produkt d.o.o., Denel Land Systems, Israel Weapon Industries (IWI) Ltd., Barrett Firearms Manufacturing Inc., Glock, Windham Weaponry Inc., Bushmaster Firearms International, Norinco Private Limited, Ukroboroprom, KalibrGun Valdy EU s.r.o., Robinson Armament Co., Zastava Arms, Sphinx Systems Private Limited, Steyr Arms Inc., Zenith Firearms Inc.
The automatic weapons market report table of contents includes:
1. Executive Summary
2. Automatic Weapons Market Characteristics
3. Automatic Weapons Market Trends And Strategies
4. Automatic Weapons Market – Macro Economic Scenario
5. Global Automatic Weapons Market Size and Growth
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32. Global Automatic Weapons Market Competitive Benchmarking
33. Global Automatic Weapons Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automatic Weapons Market
35. Automatic Weapons Market Future Outlook and Potential Analysis
36. Appendix
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