Report Code: A07111 | Pages: NA | Mar 2023 | 2770 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Request Now !Automatic weapons are a type of self-loading weapons which include semi-automatic and fully automatic firearms. An automatic firearm continuously fires rounds as long as the trigger is pressed and there is ammunition in the magazine. In contrast, a semi-automatic firearm fires one round with each individual trigger-pull. Automatic weapons such as anti-aircraft machine guns have extremely high rates of fire to maximize the probability of a hit. These guns are also mounted on fast attacking vehicles such as tanks and other fighting vehicles. The governments of different countries are investing heavily in the procurement of automatic weapons to act efficiently during warfare. For instance, in 2019, India has signed the contract for 72400 Sig Sauer Assault Rifles with the US firm.
Market scope and structure analysis:
         Report Metric |                           Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value (USD) |
 Segments covered |   Type, Product, Caliber, End Use, and Region |
 Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa |
 Companies covered | General Dynamics Corporation, Northrop Grumman Corporation, Rheinmetall AG, ST Engineering, KBP Instrument Design Bureau, BARRETT, Colt's Manufacturing Company LLC, Heckler & Koch GmbH, BAE Systems, and Denel Land Systems |
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Strong focus on soldier’s modernization by global governments, cross border disputes, advancement in land warfare systems, and continuous upgradation of existing combat platforms are the factors which drive the growth of automatic weapons market. However, high cost associated with the development of automatic weapons hamper the market growth. Increasing foreign direct investment (FDI) in defense sector of developing countries is expected contribute in further growth of automatic weapons market.
The speedily changing face of warfare is increasing focus of the defense forces and the governments of several countries to heavily concentrate on the development of newer & advanced solutions for soldier as well country’s protection. Thereby, the demand for advanced weapons, body armor, and efficient artillery is constantly rising. Such parameters contribute in modernizing and enhancing soldier capabilities. The governments of several developed as well as developing countries are focusing on development as well as upgradation of weapons and ammunition, which is thereby contributing immensely in the growth of the automatic weapons market.Â
Recent cross border disputes between countries such as Russia & Ukraine, India & Pakistan, Turkey & Cyprus have resulted in regional tensions and increased focus on advance weapons. Due to regional disputes, countries investing lots of amount in advancement of weapons and thus contributing in growth of automatic weapons market.
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Key benefits of the report:
Questions answered in the automatic weapons market research report:
Automatic Weapons Market Report Highlights
Aspects | Details |
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Key Market Players | General Dynamics Corporation, Northrop Grumman Corporation, Rheinmetall AG, ST Engineering, KBP Instrument Design Bureau, BARRETT, Colt's Manufacturing Company LLC, Heckler & Koch GmbH, BAE Systems, Denel Land Systems |
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