According to a new report by Expert Market Research titled, “Global Automatic Weapons Market Growth, Size, Share, Report and Forecast 2024-2032″, the global automatic weapons market size attained a value of about USD 8.63 billion in 2023. Aided by the increasing focus on the development of sophisticated and efficient automatic weapons, the market is further expected to grow at a CAGR of 7.9% during the forecast period of 2024-2032 to reach nearly USD 17.17 billion by 2032.
The global automatic weapons market is a critical segment within the defense industry, encompassing a range of firearms capable of firing continuously as long as the trigger is pressed. Automatic weapons are designed to provide sustained firepower and are typically used in military, law enforcement, and security applications. These weapons include assault rifles, light machine guns, and heavy machine guns, all of which are characterized by their rapid-fire capabilities. The market for automatic weapons is driven by the increasing need for advanced defense systems, technological innovations, and the growing demand for modernizing military arsenals across the globe.
The global automatic weapons market growth is significantly influenced by the rising geopolitical tensions and increasing defense budgets of various countries. Nations are increasingly investing in the procurement of advanced weaponry to enhance their military capabilities and maintain a strategic edge over potential adversaries. This heightened focus on defense modernization has led to a surge in the demand for automatic weapons, particularly in regions experiencing conflict or heightened security concerns. The ongoing arms race, driven by geopolitical rivalries, has further fueled market expansion, as countries seek to bolster their defense arsenals with state-of-the-art automatic weapons.
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One of the key global automatic weapons market trends is the growing emphasis on technological advancements and innovation. Manufacturers are increasingly focusing on developing more sophisticated and efficient automatic weapons that incorporate advanced materials, improved ergonomics, and enhanced precision. The integration of digital technologies, such as advanced targeting systems and electronic fire control systems, is also transforming the market. These innovations are not only improving the effectiveness of automatic weapons but are also making them more versatile and adaptable to various combat scenarios. As a result, the market demand for these technologically advanced weapons is on the rise, with defense forces across the world seeking to equip their troops with the latest and most effective firepower.
Another significant factor contributing to the global automatic weapons market share is the increasing focus on counter-terrorism and internal security operations. Governments are investing in modernizing their law enforcement agencies and special forces, providing them with the necessary tools to combat terrorism and organized crime. Automatic weapons, due to their high rate of fire and reliability, are often preferred for such operations, where quick and decisive action is required. This has led to a steady market development, with more countries procuring automatic weapons for their security forces to enhance their operational capabilities.
The global automatic weapons market trends also indicate a growing preference for modular and customizable automatic weapons. Defense forces are increasingly seeking weapons that can be easily adapted to different combat situations, allowing for the integration of various accessories and attachments. This trend has led to the development of modular weapon systems, where components such as barrels, stocks, and sights can be easily replaced or upgraded. The flexibility offered by these systems is driving their adoption, contributing to the market’s overall expansion. Additionally, the rise of asymmetric warfare, where non-state actors employ unconventional tactics, has underscored the need for versatile and adaptable automatic weapons, further boosting market growth.
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The global automatic weapons market value is expected to witness significant growth in the coming years, supported by the increasing investments in defense and security infrastructure. The Asia-Pacific region, in particular, is emerging as a key market for automatic weapons, driven by the rising defense budgets of countries like China and India, as well as ongoing regional conflicts and security challenges. Similarly, the Middle East and Africa are also expected to contribute to market expansion, as countries in these regions continue to modernize their defense forces in response to regional instability and the threat of terrorism.
Furthermore, the automatic weapons market is characterized by intense competition among key players, who are constantly striving to innovate and differentiate their products. Companies are investing heavily in research and development to create next-generation automatic weapons that offer superior performance, reliability, and ease of use. This competitive landscape is driving market development, as manufacturers seek to meet the evolving needs of their customers and gain a larger share of the market..
Market Segmentation
The global automatic weapons market can be divided based on type, product, calibre, end use, and region.
Market Breakup by Type
• Fully Automatic
• Semi-Automatic
Market Breakup Product
• Automatic Rifle
• Machine Gun
• Automatic Launchers
• Automatic Cannons
• Gatling Guns
Market Breakup Calibre
• Small Calibre
• Medium Calibre
• Large Calibre
Market Breakup by End Use
• Land
• Naval
• Airborne
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global automatic weapons market. Some of the major players explored in the report by Expert Market Research are as follows:
• General Dynamics Corporation
• Northrop Grumman
• Rheinmetall AG
• ST Engineering
• KBP Instrument Design Bureau
• Heckler & Koch AG
• Others
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