Automatic Weapons Market

According to Stratistics MRC, the Global Automatic Weapons Market is accounted for $12.26 billion in 2023 and is expected to reach $23.61 billion by 2030 growing at a CAGR of 9.8% during the forecast period. Automatic weapons are technologically advanced self-loading weapons. These weapons enhance their ability to target for a single round of fire. As long as the trigger is kept down or depressed or as long as there is ammunition in the chamber or magazine, it will fire shots continually. The majority of the time, they are used in high-risk situations to avoid unjustified harm from the enemy's armed forces. They are capable of firing thousands or even hundreds of rounds per minute. This technology is more affordable and accurate than traditional projectile warfare weapons.

According to the Stockholm International Peace Research Institute (SIPRI) report (2019), Russia has retained the second rank in the world's arms export.

Market Dynamics:

Driver:

Growing cross-border conflicts

Over the past several years, border conflicts have substantially escalated in a number of nations. China, India, Pakistan, Venezuela, Colombia, North Korea, South Korea, Iraq, and Syria have all been heavily involved in border conflicts during the past 60 years. Military officials and experts use these automatic primitive weapons during the disputes. The need for these weapons is driven by the rise in international border conflicts, which increases the army's fighting capability.

Restraint:

Ethical implications

The use of automatic weapons is a dehumanizing process that threatens common humanity and morals. These ethical issues are raised by any autonomous weapons that put people in danger, but they are especially pressing in the case of direct human targets. The employment of deadly weapon systems is opposed because of a number of ethical issues, including operational dangers, broken accountability, and proportionality in times of armed conflict. This factor inhibits market expansion.

Opportunity:

Improvements in weapon system

Over the past several years, border conflicts have substantially escalated in a number of nations. China, India, Pakistan, Venezuela, Colombia, North Korea, South Korea, Iraq, and Syria have all been heavily involved in border conflicts during the past 60 years. Military officials and experts use these automatic primitive weapons during the disputes. The need for these weapons is driven by the rise in international border conflicts, which increases the army's fighting capability.

Threat:

High R&D costs

Major corporations are engaged in research and development initiatives to create and develop affordable guns. Advanced fire control and heads-up display technologies are both components of precision-guided weapons. The operational effectiveness of weapons at a long range to strike the target is improved by enhanced fire control technology. One major obstacle to the market's expansion is the high cost involved with the creation of precision-guided weapons.

Covid-19 Impact

During the COVID-19 epidemic, automatic weapon sales have rapidly expanded on a global scale. During the corona virus outbreak, almost 1.9 million weapons were sold in the United States. This increase was due to people's anxiety over the federal states of the U.S. changing their regulatory standards during the epidemic. This encouraged the mass purchase of guns during the epidemic.

The automatic rifles segment is expected to be the largest during the forecast period

The automatic rifles segment is estimated to have a lucrative growth, owing to the rising demand from various armed forces throughout the world, particularly from Asian countries. As long as there are still bullets in the chamber, automatic rifles employ a self-reloading system to enable continuous shooting without requiring human loading of every bullet. Automatic weapons fire constantly and more accurately all the way to the final bullet. It provides additional customizability, increased ammunition capacity, and improved accuracy.

The fully automatic segment is expected to have the highest CAGR during the forecast period

The fully automatic segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its efficiency, reliability and accuracy. As long as the trigger is depressed, the fully automatic rifle keeps firing until its magazine is empty. They are employed against infantry, low-flying aircraft, small boats, and lightly/unarmored ground vehicles, and they are capable of suppressive shooting. Rather than being used to actually kill the adversary, they are more frequently used to suppress hostile movements.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. Major American companies including General Dynamics Corporation, Northrop Grumman Corporation, and Colt's Manufacturing Company LLC are present in this region. The U.S. government is putting its efforts into bolstering its light-protected vehicles, battle tanks, automatic weapons, and armoured combat vehicles. The US is the primary nation investing more money on automatic weapons and associated technology. The ongoing use of modern technology on military systems is accelerating market expansion in North America.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period. Europe accounts for the second-largest market. There are significant corporations there, including the Kalashnikov Concern, FN Herstal, BAE Systems, and KBP Instrument Design Bureau. Additionally, the market is expanding as a result of rising demand from Germany and Spain for automated launchers, automatic cannons, and self-attacking drone systems.

Key players in the market

Some of the key players profiled in the Automatic Weapons Market include Northrop Grumman Corporation, BAE Systems, Kalashnikov Concern, FN Herstal, KBP Instrument Design Bureau, General Dynamics Corporation, Denel Land Systems, ST Engineering, SIG SAUER, Rheinmetall AG, Israel Weapon Industries (IWI) Ltd, Colt's Manufacturing Company LLC, Heckler & Koch GmbH, Ukroboronprom and Barrett Firearms Manufacturing.

Key Developments:

In February 2021, Sig Sauer Inc. delivered its final prototype weapons to the US Army as it competes for the chance to replace the M4A1 carbine and M249 squad automatic weapon in infantry units.

In August 2020, Russia based Kalashnikov Group launched an upgraded version of the AK-12 assault rifle. This assault rifle was chambered for NATO’s 5.56mm rounds. The upgraded version of the AK-12 assault rifle is equipped with a lightweight telescopic-type buttstock, sight, and slotted flash suppressor.

In March 2020, Rheinmetall and Switzerland’s Federal Office for Defense signed a contract to supply rifle-mounted laser targeting modules to Swiss army. In this contract, Rheinmetall is further expected to supply accessories, spare parts, and training support for the Swiss Army.

Products Covered:
• Automatic Cannons
• Automatic Rifles
• Gatling Guns
• Machine Guns
• Automatic Launchers

Types Covered:
• Fully Automatic
• Semi-Automatic

Calibers Covered:
• Small Caliber
• Medium Caliber
• Large Caliber

End Users Covered:
• Airborne
• Land
• Naval
• Handheld & Stationary

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances