Global Automatic Weapons Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Automatic Weapons Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global artificial intelligence chip market report has been segmented on the basis of type, product type, end use, and region.
Global Automatic Weapons Market: Overview
Automatic weapons are a type of self-loading weapons that include semi-automatic and fully automatic firearms. In case of automatic firearms, as long as the trigger is pressed and there is ammunition in the magazine, it continuously fires the rounds.
Global Automatic Weapons Market: Dynamics
Increasing use of offensive weapons, owing to growing terrorist activities and cross-border disputes, is a major factor driving growth of the global automatic weapons market. In addition, integration of automatic weapons in various platforms and high adoption of precision weapon systems which contains high-definition radars, satellite navigation, laser guidance, and various other technologies are also factors supporting growth of the global market. Furthermore, the development of next-generation automatic weapons systems is a factor expected to boost growth of the global automatic weapons market in the near future.
However, military budget cut-offs in developed countries is a factor that may hamper growth of the global automatic weapons market. Nevertheless, increasing investment for the development of automatic weapons in emerging economies can create high revenue opportunities for players in the target market.
Global Automatic Weapons Market: Segment Analysis
Among the product type segments, the automatic rifles segment is expected to account for a significant share in terms of revenue over the forecast period. There are two types of automatic weapons namely semi-automatic and fully automatic rifles. It contains detachable magazine and intermediate cartridge. Increasing production and usage of automatic rifles is a factor expected to augment growth of the segment in the global market.
Among the end use segments, the land segment is expected to register high growth in terms of revenue in the near future. The land segment includes light protected vehicles, armored fighting vehicles, and battle tanks. Use of automated weapons for close combat systems, connected warfare systems, and upgradation of current weaponry are factors propelling growth of this segment in the target market.
Global Automatic Weapons Market: Regional Analysis
The market in North America is expected to account for a major share in terms of revenue over the forecast period. High military budget and upgradation of current weaponry are factors driving growth of the target market, especially in US in this region. In addition, high investment in automatic weapons and other weapon technologies are factors expected to support growth of the target market in North America.
The market in Asia Pacific is anticipated to register high growth in terms of revenue in the near future, followed by Middle East & Africa and Latin America. Increasing the defence budget of countries such as China and India in this region, coupled with growing adoption of technologically advanced weaponry are factors fueling growth of the automatic weapons market. However, stringent laws against possession and usage of assault rifles in various countries is a factor that could affect growth of the target market.
Global Automatic Weapons Market Segmentation:
Segmentation by Type:
- Fully Automatic
Segmentation by Product Type:
- Machine Guns
- Automatic Rifles
- Gatling Guns
- Automatic Cannons
- Automatic Launchers
Segmentation by End Use:
- Handheld and Stationary
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Northrop Grumman Corporation
- General Dynamics Corporation
- ST Engineering
- Rheinmetall AG
- Heckler & Koch GmbH
- JSC KBP Instrument Design Bureau
- FN Herstal, S.A.
- Israel Weapon Industries
- Colt's Manufacturing Company LLC
- Norinco Private Limited
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