The new report by Expert Market Research titled, ‘Global Automatic Weapons Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global automatic weapons market, assessing the market based on its segments like types, products, calibers, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): USD 7.41 Billion
• Forecast CAGR (2022-2027): 7.94%
• Forecast Market Size (2027): USD 11.72 Billion
The market is predominantly being driven by the rise in military and defence budgets across the world owing to the rise in cross-border conflicts between different countries. The use of automatic weapons has increased in the recent years owing to the rise in number of advanced weapons being manufactured worldwide for strengthening the military, enhancing focus on close combat situations, and the need to ensure the safety of military personnel, thereby stimulating the growth of the market. In addition to this, the shift towards modernisation of military equipment is another key factor influencing the growth of the market.
Industry Definition and Segmentation
Automatic weapons are a combination of fully automatic and semi-automatic firearms. These weapons fire rounds continuously as long as the trigger is pressed or as long as there is ammunition in the chamber.
On the basis of type, the market can be divided into:
• Fully Automatic
• Semi-Automatic
Based on product, the market can be segmented into:
• Automatic Rifle
• Machine Gun
• Automatic Launchers
• Automatic Cannons
• Gatling Guns
The market, based on caliber, can be categorised into:
• Small Caliber
• Medium Caliber
• Large Caliber
On the basis of end-use, the market can be divided into:
• Land
• Naval
• Airborne
The regional markets for the product include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Market Trends
The growth in the global market for automatic weapons can be associated with the rapid advancements in weaponry technology with incorporation of advanced features like heavy barrel to prevent overheating during sustained engagements, a bipod, and the ability to carry more ammunition easily. In addition to this, automatic weapons with high tech light weight firearms, and the introduction of smart weapons with advanced and innovative features, like biometric reading and RFID sensors to prevent accidents and misuse of military weapons, are anticipated to provide impetus to the market growth.
Key Market Players
The major players in the market are General Dynamics Corporation, Northrop Grumman, Rheinmetall AG, ST Engineering, KBP Instrument Design Bureau, and Heckler & Koch AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
