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Explosive Growth Predicted in Automatic Weapons Market: Market size of $10.2 Billion by 2025 Propelled by Military Modernization and Counter-Drone Capabilities
Dramatic increase in global military expenditure is driving the growth of the automatic weapons market, set to reach $14.52 billion by 2029, reflecting a 9.2% compound annual growth rate (CAGR).What Is The Projected Market Size Of The Global Automatic Weapons Market And Its Growth Rate?
• The automatic weapons market size has rapidly expanded in recent years, growing from $9.26 billion in 2024 to $10.2 billion in 2025, at a CAGR of 10.1%.
• This market is projected to continue to see strong growth, reaching $14.52 billion by 2029 at a CAGR of 9.2%.
• Factors contributing to growth in the historic period can be linked to military modernization, conflict and war, terrorism and insurgency, law enforcement needs, and arms trade and export.
• In the forecast period, growth could be attributed to counter-drone capabilities, urban warfare considerations, geopolitical instability, unmanned systems integration, and cybersecurity concerns.
What Is Driving The Growth In The Automatic Weapons Market?
The automatic weapons market growth is primarily driven by increasing military expenditure. As governments spend more on the military, different facets of the defense market, including automatic weapons, are set to benefit. One notable instance is the United States Air Force's fiscal year 2024 budget request of approximately $215.1 billion, a significant increase from the previous year.
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Who Are the Key Players Driving Automatic Weapons Market Growth?
Notable companies operating in the automatic weapons domain include:
• China North Industries Corporation
• General Dynamics Corporation
• Northrop Grumman Corporation
• BAE Systems PLC
• Rheinmetall AG
• Singapore Technologies Engineering Ltd.
• Israel Aerospace Industries Ltd.
• Remington Arms Company
• Beretta USA
• Smith & Wesson Corp.
What Are The Key Trends In The Automatic Weapons Market?
Major market trends include developments in:
• Non-lethal technologies
• Technological advancements
• Sustainability and eco-friendly materials
• Human-machine teaming
• Global collaboration in research and development
What Are The Segments Of The Global Automatic Weapons Market?
The performance of the automatic weapons market is influenced by various product sectors, which include:
• Automatic Rifle
• Machine Gun
• Automatic Launchers
• Automatic Cannon
• Gatling Gun
Further divisions are established according to caliber (small, medium, large) and end-user (land, airborne, naval, handheld and stationary).
Which Region Leads The Automatic Weapons Market?
In 2024, North America had the largest share in the automatic weapons market. The fastest expected growth is in the Asia-Pacific region. Other regions considered in this report are Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Automatic Weapons Market Report?
- Market Size Analysis: Analyze the Automatic Weapons market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automatic Weapons market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automatic Weapons market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automatic Weapons market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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