Automatic Weapons Market to Reach USD 11.78 Billion By 2032 | Emergen Research
Higher proliferation of the automatic weapons and growing investment in the defense & law enforcement budgets are the major factors influencing the market growth.
Vancouver, Oct. 05, 2023 (GLOBE NEWSWIRE) -- The Global Automatic Weapons Market is forecasted to be worth USD 11.78 billion by 2032, according to a current analysis by Emergen Research. Higher advancement in the land warefare systems, growing requirement of creating breakthorughs in the existing combat platforms and the interconnected warfare models, and rising emphasis upon the automatic machine guns are some of the factors leveraging a huge demand in the market.Additionally, increasing incidenes of cross-border conflicts, terrost attacks, domestic violences, broadening the number of armed law enforcement troops & new taskforce battalions, and an asymmetric warfare & intercountry border conflicts are some of the subordinate reasons behind the substantial growth of the market. Also, the reduced manufacturing costs of guns with the help of 3D printing mechanisms, growing demand for the smart & automatic guns, and an increasing usage of polymer in the arms manufacturing are some of the additional market propelling factors that make way for a huge breakthrough in the market growth.
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The global market landscape of Automatic Weapons is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.
*Scope of Research**Report Details* *Outcome*
Market size value in 2019 USD 6.36 Billion
CAGR (2020 - 2027) 4.8%
Revenue forecast in 2032 USD 11.78 Billion
Base year for estimation 2019
Historical data 2016 - 2018
Forecast period 2020 - 2027
Quantitative units Revenue in USD Billion, Volume in Thousand Units, and CAGR from 2020 to 2027
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Type, End Users, Materials Used, Technology, Caliber Type, and Region
Regional scope North America; Europe; Asia Pacific; Central & South America; MEA
Country scope U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Saudi Arabia; South Africa; Turkey
Key companies profiled Smith & Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, & Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta S.p.A., and Raytheon Company
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*Competitive Landscape*
The market for Automatic Weapons Market is mostly on the fragmented side, with a number of conglomerates as well as medium-sized & start-up companies, which account for a major global share of the market. The crucial players involved in the Automatic Weapons Market are desegregated across the value chain. The key companies of the market are well-equipped with large production facilities and are also engaged in various research & development activities. Some of the prominent players in the market include:
· Smith & Wesson Holding Corp.
· Freedom Group
· Orbital ATK
· Sturm, Ruger, & Co., Inc.
· American Outdoor Brand Corporation
· Thales Group
· Lockheed Martin
· General Dynamics Corporation
· Beretta S.p.A.
· Raytheon Company
*Strategic Development*
· In January 2020, The Adani Group, an Indian conglomerate, announced their acquisition of a light weapons business facility in Gwalior, India. With this acquisition the company entered in the light weapons business where the company will be capable of producing machine guns, carbines, and other Automatic Weapons.
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*Further key findings from the report suggest*
· In August 2020, Ordnance Factory Tiruchirappalli (OFT), India launched indigenous weapon named Stabilized Remote Controlled Gun (SRCG). A dedicated testing facility & assembly was also formed at the same place for manufacturing the weapons.
· The military & law enforcement land-based bodies have been the highest contributor to this market. The military exhibits a higher count of usage of the automatic weapons, and their growing investment in the troops and setting up of newer taskforce battalions for special operations have helped in the market growth largely. The Land sub-segment in the Component segment had 68.6% market share in the year 2019.
· North America owing to its leading investment in the defense & special taskforce budgets, especially in the United States, and higher development in the firearm industry is expected to fuel regional market growth substantially.
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*For the purpose of this report, Emergen Research has segmented into the **global Automatic Weapons Market on the basis of Type, Platform, Materials Used, Technology, Caliber Type, and Region:*
· *Type Outlook *(Revenue: USD Billion; Volume: Thousand Units; 2017-2027)* *
· Automatic Rifle
· Machine Gun
1. Light Machine Gun (LMG)
2. Medium Machine Gun (MMG)
3. Heavy Machine Gun (HMG)
· Automatic Launchers
1. Grenade launcher
2. Mortar Launcher
3. Missile Launcher
· Automatic Cannon
· Gatling Gun
· *Platform Outlook *(Revenue: USD Billion; Volume: Thousand Units; 2017-2027)* *
· Land
1. Battle Tanks
2. Armored Fighting Vehicles
3. Light Protected Vehicles
· Naval
1. Destroyers
2. Frigates
3. Corvettes
4. Offshore Patrol Vessels (OPVs)
· Airborne
1. Fighter Aircraft
2. Helicopters
3. Combat Support Aircraft
· *Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)*
· Steel
· Aluminum
· Polymer
· Others
· *Technology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)*
· Fully Automatic
· Semi-Automatic
· *Caliber Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)*
· Small
1. 5.56mm
2. 7.62mm
3. 12.7mm
4. 14.5mm
5. Others
· Medium
1. 20mm
2. 25mm
3. 30mm
4. 40mm
5. Others
· Large
1. 81mm
2. 120mm
3. Others
· *Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)*
· North America
1. U.S.
2. Canada
3. Mexico
· Europe
1. Russia
2. UK
3. Germany
4. France
5. BENELUX
· Asia Pacific
1. China
2. Japan
3. India
4. Pakistan
5. South Korea
6. North Korea
7. Rest of APAC
· Latin America
1. Brazil
2. Rest of LATAM
· MEA
1. Saudi Arabia
2. UAE
3. Israel
4. Rest of MEA
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