Global Automatic Weapons Market Report and Forecast 2024-2032

Global Automatic Weapons Market Outlook

The global automatic weapons market attained a value of about USD 8.63 billion in 2023.  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.

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Rise in the Number of Cross-Border Conflicts to Spur the Market Growth of Automatic Weapons

The rise in the global market for automatic weapons can be attributed to the increasing internal conflicts in different countries around the world. Governments across the world are increasingly investing in country’s defence in order to strengthen the military, enhance focus on close combat situations, and the need to ensure the safety of military personnel, which is generating tremendous growth prospects for automatic weapons.

The use of automatic weapons has increased in the recent years owing to the rise in the number of advanced weapons being manufactured worldwide. Additionally, trends surrounding the mordernisation of military equipment in major developing nations is another key factor contributing to the market demand for automatic weapons, thereby augmenting the market growth. Furthermore, in order to tackle the increasing cases of terrorism, the need for precision weapon systems is another factor significantly contributing towards the growth of the market.

Automatic Weapons: Market 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.

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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 calibre, can be categorised into:

• Small Calibre
• Medium Calibre
• Large Calibre

On the basis of end-use, the market can be divided into:

• Land
• Naval
• Airborne

The EMR report looks into the regional markets of automatic weapons like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

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Advancements in Weapon Technology to Augment the Market Growth of Automatic Weapons

The rapid advancements in automatic weapon systems are expected to have a positive influence over the market growth of automatic weapons in the coming years. Incorporation of features like heavy barrel to prevent overheating during sustained engagements, a bipod, and the ability to carry more ammunition easily are expected to propel the growth of the market over the forecast period. 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. Moreover, the advent of 3D and 4D printing technology, robust investments in military budgets, and the reduction in manufacturing costs are some of the factors that are predicted to drive the growth of the market in the following years.

Key Industry Players in the Global Automatic Weapons Market

The report presents a detailed analysis of the following key players in the global automatic weapons market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:

• General Dynamics Corporation
• Northrop Grumman
• Rheinmetall AG
• ST Engineering 
• KBP Instrument Design Bureau
• Heckler & Koch AG 
• Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

Key Highlights of the Report