Global Automatic Weapons Market Share Analysis 2024, Forecast To 2033
8 Mar, 2024
The automatic weapons market has experienced rapid growth, climbing from $8.54 billion in 2023 to $9.45 billion in 2024, with a CAGR of 10.6%, due to military modernization and security concerns. Continued growth is anticipated, reaching $13.56 billion by 2028, with a CAGR of 9.5%, driven by counter-drone capabilities and geopolitical instability. Trends include non-lethal technologies and human-machine teaming.
Global Automatic Weapons Market Key Driver
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Get A Free Sample Of The Global Automatic Weapons Market ReportGlobal Automatic Weapons Market Segments
The automatic weapons market covered in this report is segmented –
1) Product:Automatic Rifle, Machine Gun, Automatic Launchers, Automatic Cannon, Gatling Gun
2) Caliber:Small, Medium, Large
3) End-User:Land, Airborne, Naval, Handheld And Stationary
By Geography: The countries covered in the automatic weapons market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the automatic weapon market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automatic weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Automatic Weapons Industry Players
China North Industries Corporation; General Dynamics Corporation; Northrop Grumman Corporation; BAE Systems PLC; Daewoo Engineering & Construction; Rheinmetall AG; Singapore Technologies Engineering Ltd.; Israel Aerospace Industries Ltd.; Remington Arms Company; Beretta USA; Smith & Wesson Corp.; Taurus Armas S.A.; Heckler & Koch AG; SIG Sauer AG; FN Herstal SA; Colt’s Manufacturing Company LLC; HS Produkt d.o.o.; Denel Land Systems; Israel Weapon Industries (IWI) Ltd.; Barrett Firearms Manufacturing Inc.; Glock; Windham Weaponry Inc.; Bushmaster Firearms International; Norinco Private Limited; Ukroboroprom; KalibrGun Valdy EU s.r.o.; Robinson Armament Co.; Zastava Arms; Sphinx Systems Private Limited; Steyr Arms Inc.; Zenith Firearms Inc.
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Automatic Weapons Market Overview
An automatic weapon is a firearm that constantly chambers and shoots ammunition when the trigger mechanism is pressed. These are often selective-fire weapons that can rapidly fire multiple shots once the trigger is pushed.