Automatic Weapons Market Projected to reach $8.7 billion by 2023 | Key players include Northrop Grumman, Rheinmetall AG, ST Engineering and KBP Instrument Design Bureau
Browse 152 market data Tables and 45 Figures spread through 182 Pages and in-depth TOC on "Automatic Weapons Market - Global Forecast to 2023"
View detailed Table of Content here -
Based on end use, the naval segment is expected to lead the automatic weapons market during the forecast period.
Based on end use, the automatic weapons market is estimated to be led by the naval segment from 2018 to 2023. Automatic weapons on naval platforms are multi-configurable and can be mounted on Close-in Weapon System (CIWS), a fully automatic system that can search, detect, and evaluate the threat and track, engage, and destroy targets on its own. Countries such as the US, Russia, and China are investing more in automated technologies and focusing on manufacturing a wide range of offensive weapons systems. For instance, in January 2018, BAE Systems was awarded a contract worth USD 46.8 million by the US Navy to upgrade the existing MK45 naval guns to increase the firepower and extend the range of the weapons.
Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=197447555&utm_source=OpenPR
The automatic rifles segment is projected to grow at the highest CAGR during the forecast period.
The automatic weapons market has been analyzed and segmented based on product into automatic rifles, machine guns, automatic launchers, automatic cannons, and Gatling guns. The automatic weapons market is led by the automatic rifles segment and also projected to grow at the highest CAGR during the forecast period. Fully-automatic automatic rifles allow quick succession of firing of bullets. There have been significant developments in the conventional automatic rifles prototype design. Next Generation Squad Automatic Rifle (NGSAR) are the example of modern automatic rifles. Textron systems, FN America, General Dynamics, Si Bauer and PCP Tactical are developing prototypes for the Armys Next Generation Squad Automatic Rifle to replace the M249 Squad Automatic Weapon currently used.
Asia Pacific is projected to be the next opportunistic market for automatic weapons.
The rapid growth of the automatic weapons market in Asia Pacific can be attributed to the increasing defense budgets to innovate and develop robust precision weapon systems by emerging countries, such as China and India. For instance, India-based companies, such as Mahindra Defense Systems and Bharat Electronics, recently launched their newly developed remote weapon stations for armored vehicles.
China is estimated to account for the largest share of the Asia Pacific automatic weapons market in 2018. This rapid growth can be attributed to the increasing research & development activities undertaken in the region for the development of advanced technology-based designs of remote weapon stations.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=197447555&utm_source=OpenPR
Companies such as General Dynamics Corporation (US), Northrop Grumman (US), Rheinmetall AG (Germany), ST Engineering (Singapore), KBP Instrument Design Bureau (Russia), Heckler & Koch AG (Germany), FN Herstal (Belgium), Colt’s Manufacturing Company LLC (US), Israel Weapon Industries (Israel), NORINCO (China), Denel Land Systems (South Africa), Kalashnikov Concern (Russia), BAE Systems (UK), Barrett Firearms Manufacturing (US), and Ukroboronprom (Ukraine) are some of the leading players have made significant contribution to the global automatic weapons market.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automatic Weapons Market Projected to reach $8.7 billion by 2023 | Key players include Northrop Grumman, Rheinmetall AG, ST Engineering and KBP Instrument Design Bureau here
News-ID: 1567688 • Views: 238
More Releases from MarketsandMarkets™
Sports Analytics Market revenues to gain $5.2 billion by 2024
According to a research report "Sports Analytics Market by Sports Type (Individual and Team), Component, Application (Performance Analysis, Player Fitness and Safety, Player and Team Valuation, and Fan Engagement), Deployment Model, and Region - Global Forecast to 2024", published by MarketsandMarkets, the sports analytics market size expected to grow from USD 1.9 billion in 2019 to USD 5.2 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 22.0%
Over the Top Services Market will reach to $156.9 billion by 2024
According to a new market research report "Over-the-Top Services (OTT) Market by Type (Online Gaming, Music Streaming, VoD and Communication), Monetization Model (Subscription-based, Advertising-based, and Transaction-based), Streaming Device, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the Over-the-Top Services Market expected to grow from USD 81.6 billion in 2019 to USD 156.9 billion by 2024, at a CAGR of 14.0% during 2019–2024. Major growth factors for
Infrared and Terahertz Spectroscopy Market worth $1.3 billion by 2025 - Leading …
According to the new market research report "Infrared and Terahertz Spectroscopy Market by Instrument Type (Benchtop Instruments, Microscopy Instruments, Portable Instruments, Hyphenated Instruments), Spectrum, Application - Global Forecast to 2025", published by MarketsandMarkets™, the market is expected to reach USD 1.3 billion by 2025 from USD 1.0 billion in 2020, at a CAGR of 5.2% during the forecast period. The key factors driving the growth of this market are the
Patient Access Solutions Market worth $2.4 billion by 2025 - Leading Key Players …
According to the new market research report "Patient Access Solutions Market by product & service (Training services, Eligibility Verification, Medical Necessity, Pre-certification), Delivery Mode (Web & Cloud, On premise), End-User (Providers, HCIT Outsourcing Companies) - Global Forecast to 2025", published by MarketsandMarkets™, the Patient Access Solution Market size is projected to reach USD 2.4 billion by 2025, at a CAGR of 7.2% between 2020 and 2025. Browse in-depth TOC on "Patient
More Releases for MarketsandMarkets
Electric Powertrain Market Insights by 2027| MarketsandMarkets
The Global Electric Powertrain Market size is projected to reach $191.4 billion by 2027, from an estimated $62.9 billion in 2019, at a CAGR of 14.9 %. The electric powertrain market is expected to witness rapid growth due to stringency in emission norms which is pushing automakers to come up with electrified powertrain technologies. Between 2025 and 2030, emission standards would require automakers to reduce CO2 emissions by 15% and
Automotive Interior Market - Global Forecast to 2025 | MarketsandMarkets
According to the new market research report "Automotive Interior Market by Component (Seat, Interior Lighting), Material (Glass Composite, Carbon Composite, Metal, Vinyl, Fabric), Autonomous Driving (Semi-autonomous, Autonomous), Electric Vehicle, Vehicle Type and Region - Global Forecast to 2025 " Published by MarketsandMarkets™, The global Automotive Interior Market is projected to reach USD 153.8 billion by 2025 from USD 123.2 billion in 2020, at a CAGR of 8.8% during the forecast
Automotive Fuse Market Insights by 2025| MarketsandMarkets
The Automotive Fuse Market is projected to grow at a CAGR of 6.84% during the forecast period, to reach $24.33 Billion by 2025 from $14.33 Billion in 2017. The market is estimated to grow in the near future owing to various factors such as an increase in vehicle production, growing electrification, growing importance of safety & comfort features in mid-segment vehicles which will lead to increase in the number of
Next Gen Immuno-Oncology Congress - 4th Annual MarketsandMarkets
In the past decade, many scientific breakthroughs have been achieved through research including success in recent years of cancer immunotherapy with monoclonal antibodies, cancer vaccines, adoptive cell therapy and immune-checkpoint therapy. Personalized immunotherapy with various combinations will be the next promising strategy for the future cancer treatment direction. Register as a Delegate at https://www.reportsnreports.com/events/4th-annual-marketsandmarkets-next-gen-immuno-oncology-congress/register o 30+ experts from academia and industry will be presenting their current work in Immuno-Oncology, Latest updates on
Global Connected Car Market by 2025| MarketsandMarkets
According to recent research "Connected Car Market by Service (Connected Services, Safety & Security, and Autonomous Driving), Form (Embedded, Tethered, and Integrated), Network (DSRC, and Cellular), End Market, Transponder, Hardware, and Region - Global Forecast to 2025", The global connected car market is estimated to be USD 72.89 billion in 2017 and is projected to reach USD 219.21 billion by 2025, at a CAGR of 14.8% from 2017 to 2025.
Vehicle Diagnostics Market by Vehicle Type, Application, Connectivity - 2021 | M …
The report "Vehicle Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance), Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth), Region, & Aftermarket (Vehicle Type & Region) - Forecast to 2021", The vehicle diagnostics market is projected to reach a market size of USD 30.22 Billion by 2021, growing at a CAGR of 16.79% from 2016 to 2021. Stringent emission norms, the rising demand