Automatic Weapons Market Trends and Revenue Outlook Forecast by 2031

Automatic Weapons Market: In 2023, the market was valued at approximately USD 8.5 billion. It is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2033, reaching an estimated USD 13.2 billion by 2033.

Increasing demand for automatic weapons globally contributes to the growth of the market. Several countries are contracting with manufacturers of advanced automatic weapons to improve the attack and defense military equipment base. For instance, in December 2023, The US Army's newest rifle and automatic rifle are in the hands of soldiers for testing and will officially field to its first unit in 1st half of 2024.The service delivered the Next Generation Squad Weapon rifle and automatic rifle, known as the XM7 and XM250, respectively, along with its advanced optic, the XM157 fire control, to a platoon in the 101st Airborne Division at Fort Campbell, Kentucky in September 2024.The XM7 will replace the M4 for close combat units such as infantry, scouts, combat engineers, and special operations forces. The XM250 will replace the M249 Squad Automatic Weapon for the same units.

Automatic Weapons Market research report reveals important insights into market scenario to enable key players in taking calculated decision making. Basically, one of the major purposes of market research reports is to maximize the business growth opportunities. It also helps key players to turn business into a successful business by increasing the profit level. The overall business goal can be accomplished through this Automatic Weapons Market study report as it consists of all the current happenings and major innovations of the marketplace. Depending on the overall business objective, it is important to reduce business risks to generate larger revenues in the business. Several regions are captured in this Market report which includes North America, Europe, Middle East, Africa, Latin America and Asia Pacific.

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Top Automatic Weapons Market Companies

General Dynamics, BAE Systems, Heckler & Koch, Lockheed Martin, Colt, FN Herstal, Rheinmetall

Global Automatic Weapons Market Segmentation:

Automatic Weapons Market By Type

Handheld Automatic, Mounted Automatic, Heavy Automatic

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Automatic Weapons Market By Applications

Military, Defense, Law Enforcement

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