The Global Automatic Weapons Market is forecasted to be worth USD 9.32 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market growth include growing adoption of the Automatic Weapons in the special taskforce, rising domestic violence & terrorist attacks, increasing interest in the adoption of mobile rocket launcers, anti-aircraft & anti-submarine misiles, to name a few.
Besides, extensive rise in the cross-border conflict, broadening the number of armed law enforcement troops & new taskforce battalions, and asymmetric warfare & intercountry border conflicts are some of the additional reasons behind the remarkable growth of the market. Also, reduced manufacturing costs of the guns with the help of 3D printing mechanisms, growing demand for the smart guns, and increasing usage of the polymer in the arms industry are some of the subordinate market propelling factors that create a huge breakthrough in the market growth.
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.
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Further key findings from the report suggest
- In January 2020, The Adani Group, an Indian conglomerate, announced its acquisition of a Automatic 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.
- The polymer sub-segment is growing with the fastest CAGR of 6.3% owing to its higher efficiency in the manufacturing with 3D printing techniques and reduction in the overall costing with higher applicability in the sports and hunting purposes.
- The regions in the Asia Pacific lead by China, India, Pakistan, and South & North Korea are allotting a considerable budget for their defense & law enforcement grooming purposes. Besides, growing incidences of interpersonal stand-offs, asymmetric warfare, terrorist activities, domestic violence, along with higher economic development and enhancement in the manufacturing industry, deliberately help propel market enforcement.
- Key players in the market 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, among others.
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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
- Light Machine Gun (LMG)
- Medium Machine Gun (MMG)
- Heavy Machine Gun (HMG)
- Automatic Launchers
- Grenade launcher
- Mortar Launcher
- Missile Launcher
- Automatic Cannon
- Gatling Gun
Platform Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Land
- Battle Tanks
- Armored Fighting Vehicles
- Light Protected Vehicles
- Naval
- Destroyers
- Frigates
- Corvettes
- Offshore Patrol Vessels (OPVs)
- Airborne
- Fighter Aircraft
- Helicopters
- 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
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Caliber Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Small
- 56mm
- 62mm
- 7mm
- 5mm
- Others
- Medium
- 20mm
- 25mm
- 30mm
- 40mm
- Others
- Large
- 81mm
- 120mm
- Others
Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Russia
- UK
- Germany
- France
- BENELUX
- Asia Pacific
- China
- Japan
- India
- Pakistan
- South Korea
- North Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Israel
- Rest of MEA
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