The Automatic Weapons Market Size was valued at USD 8.06 billion in 2022 and is expected to reach USD 14.88 billion by 2030 with a growing CAGR of 7.98% over the forecast period 2023-2030.
The global market is seeing the emergence of market factors such as rising demand for precision weapon systems in the majority of developing and emerging countries, followed by advancements in land warfare systems and continuous upgradation of existing combat platforms. In addition, interconnected warfare is expected to drive the automatic weapons market during the forecast period ending in 2028.
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Automatic weapons, which include semi-automatic and fully automatic firearms, are a type of self-loading weapon. An automatic firearm fires rounds indefinitely as long as the trigger is depressed and ammunition is present in the magazine. A semi-automatic firearm, on the other hand, fires one round with each trigger pull. Anti-aircraft machine guns, for example, have extremely high rates of fire to maximize the likelihood of a hit. These guns are also mounted on fast-attacking vehicles like tanks and other combat vehicles. Different governments are investing heavily in the acquisition of automatic weapons to act efficiently during warfare.
Armed conflict among countries
High defense budget
Stringent manufacturing standards
Identify rising demand
THE IMPACT OF COVID-19
Because of the COVID-19 situation, the supply chain of spare parts for fully automatic weapons, such as machine gun components, has been hampered due to declared lockdowns around the world.
The unpredictable spread and outbreak of the coronavirus novel in 2020 did not present positive trends or news of automated arms market growth during the ongoing forecast period that will end in 2028. The advent of the epidemic challenged them to support humanity and their way of life.
The uninvited arrival of the Covid-19 epidemic has also had an impact on emerging markets such as drivers and restrictions and has disrupted the growing level of global market competition, followed by global demand and supply chain assets. 2030
Registered revenues are declining in the 2020 epidemic year and may steadily rise since the beginning of the 2023 forecast period. This is because the global market saw a growing need to re-market the growing potential of the global market and therefore, to meet the demand of target audiences distributed in various parts of the world that are part of the market. Global market companies may choose to upgrade their operating systems and their strategy will support and win the competition.
IMPACT OF UKRAINE AND RUSSIA CRISIS
We are constantly monitoring and updating reports on the political and economic uncertainty caused by Russia's invasion of Ukraine. Negative consequences are widely anticipated around the world, particularly in Eastern Europe, the European Union, Eastern and Central Asia, and the United States. This dispute has had a significant impact on people's lives and livelihoods, as well as caused significant disruptions in trade dynamics. The potential effects of the ongoing war and uncertainty in Eastern Europe are expected to have a negative impact on the global economy, with Russia bearing the brunt of the long-term consequences.
This report examines the impact of demand and supply, pricing variants, vendor strategic uptake, and recommendations for the Automatic Weapons market in light of the most recent conflict update and global response.
The automatic weapons market has been divided into four segments based on end-use: land, naval, airborne, and handheld & stationary. During the forecast period, the land segment is expected to grow at the fastest CAGR. The increasing focus on close combat systems, upgradation of existing armored platforms, the need for connected warfare systems, and safety of soldiers in war-like situations, among other factors, can be attributed to the rising demand for automatic weapons.
The use of automatic weapons in defense has grown significantly in recent years, owing primarily to the increased production of warfare platforms around the world. These warfare platforms necessitate weapon systems that can be operated semi-automatically or fully automatically.
The automatic rifle segment leads the automatic weapons market in terms of product. Automatic rifles fire continuously until the last round is fired, whereas self-loading or semi-automatic rifles require the shooter to press the trigger after each shot. Self-loading rifles outperform automatic rifles in terms of accuracy. Given its large production and demand in Europe and the United States, the automatic rifles segment is expected to account for the largest share of the global automatic weapons market.
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Asia Pacific, North America, Europe, Latin America, and the Rest of the World are the key regions considered for the global Automatic Weapons market study. North America leads the world in terms of market share due to the continuous upgrade of warfare platforms with newer technologies. Asia-Pacific, on the other hand, is expected to grow at the fastest rate between 2022 and 2028. Rising conflicts between nations, as well as the presence of Indo-Pacific strategic advantage, would create lucrative growth prospects for the Asia-Pacific Automatic Weapons market.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Rheinmetall AG-Company Financial Analysis
|Market Size in 2022
|US$ 8.06 Billion
|Market Size by 2030
|US$ 14.88 Billion
|CAGR of 7.98% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• by Type (Fully Automatic, Semi-Automatic)
• by Product (Automatic Rifle, Machine Gun, Automatic Launchers, Automatic Cannon, Gatling Gun)
• by caliber (Small Caliber, Medium Caliber, Large Caliber)
• by end-use (Land, Naval, Airborne)
|North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|General Dynamics Corporation, Northrop Grumman, Rheinmetall AG, ST Engineering, KBP Instrument Design Bureau, Heckler & Koch AG
|• Terrorism increases
• Armed conflict among countries
|• High defense budget
• Stringent manufacturing standards
The market size of the Automatic Weapons Market was valued at USD 8.06 billion in 2022.
The growth rate of the Automatic Weapons Market is 7.98% over the forecast period 2023-2030.
The key players of the Automatic Weapons Market are General Dynamics Corporation, Northrop Grumman, Rheinmetall AG, ST Engineering, KBP Instrument Design Bureau, Heckler & Koch AG.
North America region dominated the Automatic Weapons Market.
The Automatic Weapons Market is segmented into 4 types: By Type, By Product, By Caliber, and By End-user.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automatic Weapons Market Segmentation, by Type
8.1 Fully Automatic
9. Global Automatic Weapons Market Segmentation, by caliber
9.1 Small Caliber
9.2 Medium Caliber
9.3 Large Caliber
10. Global Automatic Weapons Market Segmentation, by Product
10.1 Automatic Rifle
10.2 Machine Gun
10.3 Automatic Launchers
10.4 Automatic Cannon
10.5 Gatling Gun
11. Global Automatic Weapons Market Segmentation, by end-use
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 General Dynamics Corporation
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Northrop Grumman
13.3 Rheinmetall AG
13.4 ST Engineering
13.5 KBP Instrument Design Bureau
13.6 Heckler & Koch AG
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
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