According to the report by Expert Market Research (EMR) , “The Global Automatic Weapons Market Size , Share, Analysis, Report and Forecast 2024-2032″, the Automatic Weapons Market is projected to grow at a CAGR of 7.94% between 2024 and 2032 Aided by the growing necessity for advanced military equipment and the broadening applications of automatic weapons in various defense sectors, the market is expected to grow significantly by 2032.
Automatic weapons refer to firearms that continuously discharge projectiles if the trigger is pressed, and ammunition is available. They are critical for strategic operations, force protection, and warfare. Apart from their primary role in defense, automatic weapons also exhibit exceptional durability, accuracy, and rate of fire, making them an invaluable resource in various military applications, including ground combat, naval warfare, and air defense.
The escalating global tensions and increasing military expenditure are driving the global automatic weapons market growth. With the growing need for modernized and efficient defense equipment, there has been a significant shift towards automatic weapons, leading to a surge in demand. Additionally, the persistent threat of cross-border conflicts and terrorism has further contributed to the rising popularity of automatic weapons, making them an essential element in contemporary military strategies.
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The expanding applications of automatic weapons in various defense sectors also play a significant role in boosting the automatic weapons market development. In ground combat, automatic weapons are used for their high firepower and rapid response capabilities. The naval sector uses automatic weapons for ship defense against airborne and surface threats. Furthermore, the advent of autonomous weapon systems has paved the way for the use of automatic weapons in unmanned platforms, thus broadening their scope and potential market.
Further, the growing demand for technologically advanced weaponry in the military industry has led to an increased focus on automatic weapons as a viable choice for modern warfare. With the advent of smart weapons and the increasing popularity of autonomous systems, automatic weapons have emerged as a critical component in the advancement of modern defense strategies, thereby fueling the automatic weapons market expansion. Over the forecast period, incorporation of features including a bipod, a thick barrel to minimize overheating during prolonged conflicts, and the capacity to carry more ammo conveniently is anticipated to spur market expansion.
Market Segmentation
The market can be divided based on type, product, caliber, end use, and region.
Market Breakup by Type
- Fully Automatic
- Semi-Automatic
Market Breakup by Product
- Automatic Rifle
- Machine Gun
- Automatic Launchers
- Automatic Cannons
- Gatling Guns
Market Breakup by Caliber
- Small Caliber
- Medium Caliber
- Large Caliber
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 acquisitions and mergers, among other major developments, of the global automatic weapons companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- General Dynamics Corporation
- Northrop Grumman
- Rheinmetall AG
- ST Engineering
- KBP Instrument Design Office
- Heckler & Koch AG
- Others
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