What is the Historic and Current Scenario of the Automatic Weapons Market?
The automatic weapons market has seen considerable growth due to a variety of factors.
•The scale of the automatic weapons industry has witnessed swift expansion in the preceding years. The market value is predicted to rise from $9.26 billion in 2024 to $10.2 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.1%.
Factors contributing to this growth during the historic period include military modernization, warfare and conflict, terrorism and insurgency, requirements of law enforcement, and the arms trade and export sector.
What are the Forecasted Growth and Key Factors of the Automatic Weapons Market?
The automatic weapons market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, a robust surge in the automatic weapons market size is projected, reaching a value of $14.52 billion in 2029 with a compound annual growth rate (CAGR) of 9.2%.
Factors contributing to this growth in the forecast period include counter-drone capabilities, urban warfare insights, geopolitical instability, the integration of unmanned systems, and the importance of cybersecurity. The forecast period will also witness significant trends such as the adoption of non-lethal technologies, technological innovations, utilization of eco-friendly materials, cooperation between human and machine, and increased worldwide collaboration in research and development.
What Are the Critical Driver Fuelling the Automatic Weapons Market's Growth?
The automatic weapon market's expansion is predicted to be driven by a rise in military spending. The funds allocated for military expenditure cover various aspects such as weaponry, weapons systems, operations, upkeep, personnel, and other pertinent military equipment. This financial support from the government undoubtedly contributes to the growth of different sectors of the military market, including automatic weapons. As an example, the United States Air Force (USAF), an American Air Force agency, disclosed in March 2023 that the US Air Force's budget request for the fiscal year 2024 is approximately $215.1 billion – marking an increase of $9.3 billion or 4.5% from the fiscal year 2023. Thus, the surge in military spending is propelling the automatic weapon market forward.
How Is the Automatic Weapons Market segmented?
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
Subsegments:
1) By Automatic Rifle: Assault Rifles, Battle Rifles, Designated Marksman Rifles (DMRs)
2) By Machine Gun: Light Machine Guns (LMGs), Medium Machine Guns, Heavy Machine Guns
3) By Automatic Launchers: Grenade Launchers, Rocket Launchers, Mortar Launchers
4) By Automatic Cannon: 20mm Automatic Cannons, 30mm Automatic Cannons, 40mm Automatic Cannons
5) By Gatling Gun: Electric Gatling Guns, Manually Operated Gatling Guns, Aircraft-Mounted Gatling Guns
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What New Trends Are Influencing the Automatic Weapons Market?
The rise in product innovations is a notable trend in the automatic weapon market. Key players in the market are engineering new products to maintain their market standing. In October 2024, for instance, US-based Barrett Firearms unveiled an innovative product, the SSRS 30mm semi-automatic grenade launcher. This advanced automatic grenade launcher, specifically created for the U.S. Army’s Precision Grenadier System (PGS) Program, boosts soldiers' efficiency in diverse battle situations. The design, bearing similarity to an assault rifle, comprises a rear stock, a magazine with a capacity of five rounds, and a condensed structure with an overall length of 861mm and weighs only 6.3kg. The launcher is designed to accommodate a range of ammunition, including airburst rounds, offering a critical edge on the battlefield. It also has the Vortex Optics XM-157 sight, akin to the one used on the U.S. Army's XM7 6.8mm assault rifle, which facilitates enhanced precision and aligns with the Army's progression aims.
Who Are the Key Players in the Automatic Weapons Market?
Major companies operating in the automatic weapons market include:
• China North Industries Corporation
• General Dynamics Corporation
• Northrop Grumman Corporation
• BAE Systems PLC
• 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
• Steyr Arms Inc.
• Zenith Firearms Inc
What Is The Most Dominant Region In The Automatic Weapons Market?
North America was the largest region in the automatic weapon market in 2024. 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
