Global Automatic Weapons Market was valued at US$ 5.4Bn in 2019 and is expected to reach US$ 8.5Bn by 2026, at a CAGR of 5.83% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Weapon up-gradation initiatives have been undertaken by the world-leading and developing countries. Rising expenses in the military via the private and government sectors are estimated to create more opportunities in the Automatic Weapons Market. Dispatching autonomous weapons to hunt and kill without further human involvement, with remotely operated and expendable drones, tanks, and similar battlefield machinery replacing the human element, the automatic weapons industry is growing in the region to upgrade military capabilities.
These technologies are being pursued most vigorously by the nuclear-armed nations and factors to impact more on the growth of the Automatic Weapons Market. Based on the product, the Automatic Rifle segment is expected to hold the largest share in the market during the forecast period because it fires continually until the trigger is released.
Emerging nations such as Brazil, India, and China are placing military up-gradation on top of their priority list. Cross border terrorism and security threats also fuelling more demand for better riffle and increasing support to military personnel will boost demand in the market. In the End-user, a land segment is also expected to lead the market growth.
The report provides a detailed list of drivers and restraints of the market, which are influencing the market growth.
Major driving factors of automatic weapons are a salient point of departure in a technology-fueled arms race that put everyone in danger. Specialized missions such as surgical strikes, which have warranted increased surveillance, positive product outlook owing to integrated system architecture, and leading-edge technology offering superior performance and reliability will drive the industry demand. Advances in machine autonomy derive primarily from research efforts in three disciplines: artificial intelligence (AI), robotics.
The rise in interdependencies linked to commercial trade, partnerships, and treaty obligations have increased. Traditional arms producers are certainly involved in the development of autonomous technologies but the number of resources that these companies (can) allocate to R&D is far less than that mobilized by large commercial entities in the civilian sector. Government policy and huge investment cost seem to act as a restraint to the market.
In terms of region, Asia Pacific is expected to hold the largest share in the market during the forecast period owing to increased security expenses, the expansion of economies, and the rise in population in Asia also demanding more. Asian governments are increasing their defense spending at quite a higher rate. They are mainly doing this commensurately with their economic growth, which has been famously rapid for most of the current century.
2017, five of the ten biggest arms importers were in the region: India, China, Indonesia, Australia, and Pakistan. Vietnam, South Korea, and Taiwan were among the top 15 largest arms importers. Recently – The Indian defense ministry planned to float a tender to purchase six regiments of homemade Pinaka multi-barrel rocket launchers for $2 billion. North America is the leading arms' exporter in the world which increased its exports by 30 percent compared with 2009–15.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.Scope of the Report for Automatic Weapons Market: Inquire before buying
Global Automatic Weapons Market, by Product
• Automatic Rifle• Machine Gun• Automatic launchers• Automatic Cannon• Gatling GunGlobal Automatic Weapons Market, by End-User
• Land• Airborne• Naval• Handheld & StationaryGlobal Automatic Weapons Market, by Caliber
• Small• Medium• LargeGlobal Automatic Weapons Market, by Region
• North America• Europe• Asia-Pacific• Middle East & Africa• South AmericaKey Players Operating in Automatic Weapons Market
• General Dynamics Corporation• Northrop Grumman• Rheinmetall AG• ST Engineering• KBP Instrument Design Bureau• Heckler & Koch AG• Kalashnikov Concern• BAE Systems• Barrett Firearms Manufacturing• Ukroboroprom• FN Herstal• Colt’s Manufacturing Company LLC• Israel Weapon Industries (IWI) Ltd• China North Industries Corporation• Denel Land SystemsFor More Information Visit @:
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