Automatic Weapons Market to Witness Tremendous Growth due to Rise in Asymmetric Warfare and Terrorism Coupled with Increasing Defense Modernization Programs

Market Scope & Overview

The Automatic Weapons market, as reported by SNS Insider, achieved a valuation of USD 8.06 billion in 2022 and is projected to attain USD 14.88 billion by 2030, displaying a compound annual growth rate (CAGR) of 7.98% during the forecast period from 2023 to 2030.

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The Major Key Company Profiles included in Automatic Weapons market study are:

General Dynamics Corporation
Northrop Grumman
Rheinmetall AG
ST Engineering
KBP Instrument Design Bureau
Heckler & Koch AG

Automatic weapons, also known as fully automatic firearms, are firearms that have the capability to continuously fire rounds as long as the trigger is held down or until the ammunition supply is depleted. These weapons are designed to automatically load and fire multiple rounds with a single pull of the trigger, providing a rapid and sustained rate of fire.

Market Analysis

The global automatic weapons market has witnessed significant growth in recent years, driven by factors such as increasing defense budgets, geopolitical tensions, and the need for advanced military equipment. Many countries worldwide are engaged in defense modernization programs to enhance their military capabilities. As part of these initiatives, upgrading existing weapon systems or procuring new automatic weapons forms a crucial component. This ongoing modernization is expected to create a sustained demand for advanced automatic weapons, driving market growth in the future.

Impact of Recession

The impact of a recession on the automatic weapons market is complex and multifaceted. While decreased market demand, stricter legislation, and budgetary constraints in the military and law enforcement sectors may lead to a decline, there could be a simultaneous rise in demand from certain security-oriented entities. Additionally, the emergence of secondary markets poses challenges that require concerted efforts to prevent illegal trade. As the global economy evolves, monitoring these dynamics and implementing appropriate measures will be crucial to ensure public safety and security during challenging economic times.

Segmentation Analysis

The emergence of the Fully Automatic Segment and the Airborne Segment marks a significant development in the automatic weapons market. These segments bring distinct advantages, pushing the boundaries of firepower, mobility, and tactical versatility. As technology continues to advance, these segments are expected to dominate the industry, catering to the evolving needs of military and law enforcement agencies worldwide. Embracing these innovative automatic weapons will undoubtedly reshape the modern battlefield, enhancing operational capabilities and ensuring the security of nations in the face of emerging threats.

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The Automatic Weapons Market Segments and Sub-Segments are Listed Below:

By Type

Fully Automatic
Semi-Automatic

By Caliber

Small Caliber
Medium Caliber
Large Caliber

By Product

Automatic Rifle
Machine Gun
Automatic Launchers
Automatic Cannon
Gatling Gun

By End-Use

Land
Naval
Airborne
Handheld

Regional Status & Analysis

North America's dominance in the automatic weapons market stems from its advanced defense industry, technological innovations, favorable regulatory environment, substantial military expenditure, and extensive global reach. As the region continues to invest in research and development and strengthen its defense alliances, it is poised to maintain its leadership position. However, it is crucial to strike a balance between advancing defense capabilities and promoting international security and stability through responsible arms trade practices. By leveraging its strengths and adhering to ethical principles, North America can shape the future of automatic weapons technology while ensuring global safety and security.

Conclusion

The market is poised for continued growth in the future, driven by technological advancements, defense modernization programs, and the need for countering asymmetric threats, border security requirements, geopolitical factors, and ongoing conflicts.

Frequently Asked Questions/ Key Reasons to Purchase this Report

>What is the projected outlook for automatic weapons market growth?

Ans- The market for automatic weapons is projected to exceed USD 14.88 billion by the year 2030.

>What are the major factors influencing the automatic weapons market?

Ans- As the world's security needs evolve, the market will likely adapt to meet these demands, while ensuring safety, effectiveness, and ethical considerations in its development and deployment.

>Who are the leading players in the automatic weapons market?

Ans- General Dynamics Corporation, ST Engineering, KBP Instrument Design Bureau, Northrop Grumman, Rheinmetall AG, Heckler & Koch AG.

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Table of Contents - Major Key Points

1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 forces model
7. PEST Analysis
8. Global Automatic Weapons Market, by Type
9. Global Automatic Weapons Market, by caliber
10. Global Automatic Weapons Market, by Product
11. Global Automatic Weapons Market, by end-use
12. Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion

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This release was published on openPR.