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Global Automatic Weapons Market to Grow at a CAGR of 7.94% During 2022-2027, Aided by the Introduction of Advanced Weaponry Technology

According to a new report by EMR titled, ‘Global Automatic Weapons Market Report and Forecast 2022-2027’, the market attained a value of about USD 7.41 billion in 2021. The industry is further expected to grow at a CAGR of 7.94% in the forecast period of 2022-2027 to reach a value of nearly USD 11.72 billion by 2027.

North America is expected to hold a significant share in the global market for automatic weapons over the forecast period. This can be attributed to the large investments made by the US government to procure the latest automatic firearms for the military. The US army is expected to purchase Next Generation Squad Weapon in 2022 to improve upon the existing M4 carbine and M249 squad automatic weapons. This is expected to have a positive impact on the growth of the market. The new weapons have a lightweight design and have the ability to fire lightweight ammunition along with reduced acoustics and flash signature with improvements in accuracy, range, and lethality. Furthermore, the market is expected to be driven by the presence of leading players in the region and robust demand for advanced automatic weapons from the international market.

Elbit Systems (TLV: ESLT), a leading player in the global market for automatic weapons, recently announced the introduction of the ARCAS in September 2021. ARCAS is a built-in computerised Artificial Intelligence (AI) powered system that interfaces with the rifle’s Electro-Optical (EO) sight to provide soldiers with real-time intuitive, actionable combat information by enhancing lethality, mission effectiveness, and survivability of dismounted soldiers in both day and night. The AI system enables to detect a number of features, including passive range measurement, automatic ballistic correction, detection of fire sources, video motion detection, navigation assistance, and a friend or foe identification, among many other advanced features. Such developments by leading market players are invigorating the growth of the market.

Market Analysis by Type, Product, Calibre, End Use, and Region:

  • Based on type, the market can be divided into fully automatic and semi-automatic. 
  • On the basis of product, the market can be segmented into automatic rifle, machine gun, automatic launchers, automatic cannons, and gatling guns. 
  • The market, based on calibre, can be categorised into small calibre, medium calibre, and large calibre. 
  • Based on end use, the market can be segmented into land, naval, and airborne.
  • The major regional markets for the product include North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the rising cases of cross border conflicts and the subsequent need to strengthen the defence and military sector of a country.
  • Trends surrounding mordernisation of military equipment in major developing nations are augmenting the growth of the market.
  • The market is expected to be led by the advent of advanced technology, such as heavy barrels, lightweight firearms, and smart features like RFID tags and sensor technology.
  • Factors such as reduced manufacturing costs, robust demand, and the advent of 3D and 4D technology are stimulating the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global automatic weapons industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for types, products, calibres, end uses, and major regions.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global automatic weapons market are General Dynamics Corporation, Northrop Grumman, Rheinmetall AG, ST Engineering, KBP Instrument Design Bureau, and Heckler & Koch AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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