Key Trends Influencing the Growth of the Firearms Market in 2025: Smart Guns Integrate 3D Facial Recognition For Enhanced Security

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What Is the Expected CAGR for the Firearms Market Through 2025?
The size of the firearms market has significantly increased in the past few years. It is projected to expand from $46.75 billion in 2024 to $50.95 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. The historical growth is due to factors such as military disputes, the broadening of authorized gun possession for personal defense, the growth in the size of paramilitary and domestic security forces, international peacekeeping missions that require armaments, and an increase in the demand for individual protection.

What's the Projected Size of the Global Firearms Market by 2029?
The market size of firearms is anticipated to experience robust growth in the upcoming years, with estimations forecasting an expansion to $71.23 billion in 2029 at an 8.7% compound annual growth rate (CAGR). The predicted growth during the forecast period can be credited to various factors such as escalating geopolitical discord, intensification of military modernization schemes, improved border security, growing concerns of internal unrest and terrorism, and more stringent measures for illegal cross-border trafficking control. Notably, the forecast period is likely to observe major trends including the emergence of smart guns with biometrically verified access, the incorporation of 3D printing and modular weapon mechanisms, advancements in precision and accuracy techniques, the adaptation of lightweight components, and creative evolutions in silencers, optics, and peripherals.

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Top Growth Drivers in the Firearms Industry: What's Accelerating the Market?
The anticipated growth of the firearms market is largely driven by escalating geopolitical tensions. These tensions encompass disagreements, conflicts, or competitive dynamics between countries or regions, rooted in political, economic, territorial, or strategic interests. Geo-political strains, often arising from territorial clashes that endanger national sovereignty and control over tactically significant areas, are the primary contributors to this rise. Firearms play a crucial role in confronting these geopolitical tensions by improving a nation's defense abilities and ensuring preparedness in times of conflict or instability. By providing reliable tools for protection and deterrence, firearms aid military and security forces, thus enhancing regional and global security strategies. For example, as reported by the U.S. Department of Homeland Security, a US federal agency, in October 2024, the number of migrant encounters at the US-Canada border exceeded 181,000 in 2024, a 6.5% increase from 170,000 in 2023. As such, the escalating geopolitical tensions act as a catalyst for the expansion of the firearms market.

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What Trends Will Shape the Firearms Market Through 2029 and Beyond?
Leading businesses in the firearms market are concentrating on creating advanced products such as guns integrated with 3D facial recognition systems to provide quick, touchless user verification. Firearms with 3D facial recognition can utilize sophisticated biometric scanning to construct a tridimensional representation of a user's face. This restricts the weapon's operation to approved individuals only. For example, in April 2023, Biofire Technologies Inc., a defense tech firm from the US, unveiled the Smart Gun. This cutting-edge weapon is engineered to trigger only after swiftly affirming the user's identity using both fingerprint and 3D facial recognition. It has a distinct biometric system to guarantee secure usage under various circumstances. When the gun is grabbed, it enables automatically, eliminating the need for manual commands like pressing buttons or entering passcodes. Moreover, it continues to work effectively even if the user is wearing gloves or has their face partially covered.

What Are the Main Segments in the Firearms Market?
The firearms market covered in this report is segmented -

1) By Type: Handguns, Rifles, Shotguns, Machine Guns, Submachine Guns, Other Types
2) By Firing Systems: Manual, Semi-Automatic, Automatic, Break-Action, Other Firing Systems
3) By Caliber: Small Caliber, Medium Caliber, Large Caliber, Shotgun Gauges
4) By Distribution Channel: Direct Sales, Indirect Sales
5) By End-Use: Military, Law Enforcement, Sports, Hunting, Self Defense, Other End-Uses

Subsegments:
1) By Handguns: Revolvers, Semi-Automatic Pistols, Derringers
2) By Rifles: Bolt-Action Rifles, Lever-Action Rifles, Semi-Automatic Rifles, Automatic Rifles, Sniper Rifles, Hunting Rifles
3) By Shotguns: Pump-Action Shotguns, Semi-Automatic Shotguns, Break-Action Shotguns, Double-Barrel Shotguns
4) By Machine Guns: Light Machine Guns (LMG), Medium Machine Guns (MMG), Heavy Machine Guns (HMG)
5) By Submachine Guns: Compact Submachine Guns, Personal Defense Weapon (PDW)
6) By Other Types: Air Guns, Antique Firearms, Signal Guns, Less-Lethal Firearms

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Which Top Companies are Driving Growth in the Firearms Market?
Major Companies operating in the firearms market are SIG Sauer Inc., Smith & Wesson Brands Inc., Glock Inc., Colt's Manufacturing LLC, FN America LLC, Beretta Corp., Heckler & Koch, Springfield Armory Inc., Kimber Manufacturing Inc., Wilson Combat Inc., Christensen Arms, Daniel Defense Inc., Kel-Tec CNC Industries Inc., Savage Arms Inc., Henry Repeating Arms Co., OF Mossberg & Sons Inc., Benelli Corp., Remington Arms LLC, Walther Arms Inc., Rock River Arms Inc., Kahr Arms Co., Mauser Jagdwaffen GmbH, Blaser GmbH, Franchi, Les Baer Custom Inc., LWRC International LLC, Steyr Arms Inc., Sturm Ruger & Co. Inc

Which Regions Will Dominate the Firearms Market Through 2029?
North America was the largest region in the firearms market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the firearms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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