Automatic Weapons Market to Witness Highest Growth by 2025 | General Dynamics Corporation, Northrop Grumman Corporation, Rheinmetall AG

The Automatic Weapons Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The automatic weapons market is projected to witness a CAGR of more than 5% during the forecast period.

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Top Leading Companies of Global Automatic Weapons Market are General Dynamics Corporation, Northrop Grumman Corporation, Rheinmetall AG, Denel Land Systems, BAE Systems, SIG SAUER, Israel Weapon Industries (IWI) Ltd, ST Engineering, Heckler & Koch GmbH, FN HERSTAL, Colt's Manufacturing Company and others.

Key Market Trends:

Land Segment is Projected to Grow at a Faster Pace in the Years to Come

Based on the platform, the land segment is projected to grow at a faster pace during the forecast period. Growing land-based border issues and the increasing focus on close combat systems are the main reasons for the growth of the land segment. With the increase in the military engagements globally, the armed forces are upgrading to more powerful, automated cartridges to deal with the combat requirements. Also with the armor being worn by the militaries becoming tougher to penetrate, the armies are focusing on firearms that cause cyclical impacts, causing more damage to the enemies. For instance, the Indian Army, in February 2019, signed a contract with the US firm SiG Sauer for 72,400 assault rifles at a cost of around USD 100 million under fast track procurement (FTP). This includes 44,000 light machine guns and 700,000 assault rifles. In addition, Australia is modernizing its vehicle-mounted weapons and France is modernizing its Army's asaults rifles. Thus, with the increasing emphasis on weapon modernization by many land forces, high procurement volumes are expected to continue in the next five years, due to which the land segment is expected to dominate the market during the forecast period.

North America has the Largest Share in the Market in 2019

Currently, North America has the largest share in the automatic weapons market. The United States is investing large sums in the soldier modernization programs, through which it is also procuring new automatic firearms for the armed forces. The country is currently focusing on Next Generation Squad Weapons (NGSW), which consists of the NGSW-Automatic Rifle (NGSW-AR) and the NGSW-Rifle. The NGSW-AR is expected to replace the M249 Squad Automatic Weapon in Brigade Combat Teams, as an initial priority. The new weapon will be lightweight and can fire lightweight ammunition along with reduced acoustic and flash signature, and has capability improvements in accuracy, range, and lethality. The Acquisition Objective is for 85,986 systems with an initial Procurement Objective of 17,972 systems. In October 2019, at the 2019 Association of the United States Army's annual meeting, the three competing weapons firms, General Dynamics Ordnance and Tactical Systems Inc., Textron Systems, and Sig Sauer Inc. displayed their prototype 6.8mm rifles and automatic rifles. The Army plans to select a final design in the first quarter of 2022 and begin fielding them in the first quarter of 2023. Also, demand is expected to be generated for the Navy’s Advanced Gun System, destined to be one of the main armaments of DDG-1000, once the development issues are cleared during the forecast period. By virtue of all these factors, the market for automatic weapons is projected to increase in North America in the years to come.

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Highlights of the Automatic Weapons Market Report:

– Detailed overview of Automatic Weapons Market
– Changing the Automatic Weapons market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current and projected Automatic Weapons market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Automatic Weapons Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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