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Sunday, June 26, 2022

Global Automatic Weapons Market to be Driven by the Increasing Adoption of Semi-Automatic and Fully Automatic Weapons by the Warfighters in the Forecast Period of 2022-2027

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, calibre, 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 analysing 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): 7.41 Billion
• Forecast CAGR (2022-2027): 7.94%
• Forecast Market Size (2027): 11.72 Billion

The increasing adoption of semi-automatic or full-automatic weapons among the commando forces and close-combat fighters, owing to the greater strategic and tactical advantages in the battleground, is driving the market growth. Meanwhile, airborne automatic weapons reduce the human casualties by decreasing the need for human soldiers in life-threatening missions. This factor is anticipated to bolster the market growth in the forecast period. Moreover, the growing focus of military powers of the world on providing advanced weapon training to its active military personnel is likely to be a major growth driving factor.

Geographically, North America accounts for a significant share in the market owing to the high military expenditure and growing demand for automatic weapons to carry out military exercises and drills. The United States of America is the highest military spender in the world.

Industry Definition and Major Segments

Automatic weapon is defined as a self-loading firearm which keeps firing until the ammunition is gone or the trigger is released. An automatic weapon acts as a force multiplier and plays a crucial role in close combats. In addition, automatic weapon performs increasingly advanced functions such as targeting and applying force with little or no human oversight. Moreover, automatic weapons bolster the efficacy of war fighter by saving time.

On the basis of type, the market can be segmented into:

• Fully Automatic
• Semi-Automatic

Based on product, the market can be classified into:

• Automatic Rifle
• Machine Gun
• Automatic Launchers
• Automatic Cannons
• Gatling Guns

The market can be segmented based on calibre into:

• Small Calibre
• Medium Calibre
• Large Calibre

The significant end-uses included in the market are as follows:

• Land
• Naval
• Airborne

The regional markets for automatic weapons include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Market Trends

The key trends in the automatic weapons market include the rising military expenditure of the sovereign nations owing to the increasing geopolitical tensions, rising terrorism, and technological advancements in the combat strategies by the combat forces. Meanwhile, the growing international cooperation between the sovereign nations to expand the trade of weapon systems is likely to be another major trend in the market. For instance, the Make in India initiative is propelling the export of Indian firearms and ammunition. The growing R&D activities by the major market players aimed towards producing modern firearms with minimum human intervention are also anticipated to augment the market in the forecast period. Hence, these developments are likely to spearhead the market growth in the coming years.

Key Market Players

The major players in the market include 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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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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.


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