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    Automatic Weapons Market Report

    Automatic Weapons Market Report
    Report code - SR2038 Delivery - 2 Weeks
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    Automatic Weapons Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth See more...

    Market Insights

    The global automatic weapons market was estimated at US$ 8.55 billion in 2021 and is expected to grow at a CAGR of 10.2% during 2022-2028 to reach US$ 16.9 billion by 2028. The impact of COVID-19 on the overall market revenue is deemed to be less. However, manufacturing delays hit the industry for a short duration in 2020 and 2021.

    Automatic weapons are semi-automatic and fully automatic firearms combinations. Automatic weapons fire constantly rounds if the gun trigger is hard-pressed or if there is ammo in the chamber. Automatic weapons have instigated a change in war engagement & defense strategies owing to their vast range of characteristics.

    Recent cross-border disputes amongst nations such as Turkey & Cyprus, India & Pakistan, Russia & Ukraine, have resulted in provincial conflicts and intensified emphasis on advanced weapons. Because of regional differences, countries spend huge amounts on the development of weapons and therefore driving the growth of the automatic weapons market.

    The growth of the global automatic weapons market is majorly driven by demand for precision strike weapons that reduce collateral damage and constant fear of national security across many unstable economies of the world. Further, a constant rise in the defense budget of many countries and increased spending on upgradations-gradations technology are prominent factors that boost market demand. For example, by September 2021, the U.S. Navy confirmed a agreement with Northrop Grumman Corp. to manufacture the AGM-88G Advanced Anti-Radiation Guided Extended-Range Missile. However, the growth of the global automatic weapons market is restrained by factors such as unfavorable government regulations and high purchase costs. Nonetheless, the standardization of automatic weapons and rising instances of terrorism extend lucrative opportunities to the industry players during the forecast period.

    Several developments in the defense industry have been directed at Automatic weapons in recent years, which would boost the overall market. Some of them are:

    1. In February 2020, U.S.-based General Dynamics Corp. was awarded a US$ 883 Million contract to modernize the U.S. army training program. The contract includes improving the Army’s individual and collective expeditionary training systems and major combat training centers.
    2. In February 2020, Israel Aerospace Industries Ltd. was awarded a US$ 240 million contract for the replacement of T-38 trainer aircraft wings
    3. January 2021 – MBDA signed a contract with the UK Ministry of Defense to equip a new mini spear 3 network-enabled cruise missile for its F-35B combat Jets. The value of the contract was worth US$ 750mn.
    4. Feb 2021- Lockheed Martin signed a contract worth US$ 414mn with the US Navy and Airforce to supply LRASM, an anti-ship, precision-guided standoff missile based on the successful joint air-to-ground standoff missile.
    5. In May 2022, Saab, a defense giant, and its armed forces partners completed a two-day series of live-fire demonstrations, including night-time firings, the largest demonstration at the company’s facilities since 2014. With Sweden formally petitioning to join NATO after decades of balancing the alliance and Russia, a new spotlight is being cast on its domestic defense industry.
    6. One of the utilities of the Saab-designed weapons is that they exit the launcher tube, and the rocket motor ignites only after initially airborne. This “shoot and scoot” capability of the system makes it possible for the troops firing the weapon not to reveal their position — a weakness of several previous-generation ATGMs (Anti-tank guided mission, smart weapon)

    Segment Analysis

    Based on product, the global automatic weapons market is divided into automatic rifles, machine guns, automatic launchers, automatic cannons, Gatling guns, and others. The automatic rifles segment held the largest market share in 2021. Automatic rifles constantly fire till the last round of ammo; however, semi-automatic or self-loading rifles need to press the gun trigger after each shot. Semi-automatic rifles are selected as compared to automatic rifles as such rifles extend higher precision.

    Based on end-user, the global automatic weapons market is segmented into land, maritime, and airborne. The land segment is projected to show continued demand shortly due to the rapid expansion of military forces worldwide, along with a rise in the procurement of automatic weapons by land-based forces. The increasing demand for automatic weapons is mainly attributed to numerous factors, involving the requirement for connected warfare systems, the up-gradation of existing armored platforms, rising emphasis on close combat systems, and the safety of soldiers in war-like situations, among others. The airborne is projected to grow exponentially during the forecast period owing to the rising demand for GPS-guided weapons operating smoothly even during bad weather conditions.

    In terms of regions, North America will likely maintain its supremacy in the automatic weapons market throughout the forecast period. This is mostly due to the high defense budget and spending to strengthen the armed forces. The spending is mainly for procuring advanced weapons and upgrading the defense fleet with innovative weapons. Furthermore, the presence of major market players contributes to the growth.

    Concurrently, Asia Pacific is expected to witness the fastest growth in the global automatic weapons market during the forecast period.  The key factors responsible for the swift growth are increased demand for body armor by the military and a rise in overall military expenditure (especially in China and India). The increased defense and individual spending on security in countries such as China and India inject huge growth prospectus for the automatic weapons market in the Asia Pacific region.

    Key Players

    There is stiff competition in the global Automatic weapons market. The growth of the companies is directly dependent on the industry conditions and government support. These companies differentiate their smart weapon offerings based on their quality and penetration in the target and emerging markets. Also, some major mergers and acquisitions in the industry recently have significantly influenced the competitive dynamics. For example:

    1. Rafael introduced “firefly,” miniature loitering ammunition, in June 2018. The small ammunition could be used in conjunction with an electro-optical precision integration kit to deliver precision guidance to surface-to-surface multiple rocket launch systems and could also be used by dismounted soldiers.
    2. In January 2019, Germany’s GIWS, a joint venture between Rheinmetall and Diehl Defence, confirmed its relaunch of SMArt 155 artillery projectile to be undertaken between 2022 and 2024.
    3. In July 2020, BAE Systems acquired the ‘Collins Aerospace Military Global Positioning System from Raytheon Technologies Corp. The deal enhances BAE System’s existing electronic systems business portfolio by including Raytheon’s anti-spoofing and anti-jamming technology that allows accurate navigation across various defense missions.

    The following are the major players in the global Automatic weapons market:

    • BAE Systems
    • Colt's Manufacturing Company LLC
    • Denel Land Systems
    • General Dynamics Corporation
    • Northrop Grumman Corporation
    • Heckler & Koch AG
    • Israel Weapon Industries

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Frequently Asked Questions (FAQs)

    The global automatic weapons market was estimated at US$ 8.55 billion in 2021 and is expected to grow at a CAGR of 10.2% during 2022-2028 to reach US$ 16.9 billion by 2028. The impact of COVID-19 on the overall market revenue is deemed to be less. However, manufacturing delays hit the industry for a short duration in 2020 and 2021.

    The major players in the global Automatic weapons market areBAE Systems, Colt's Manufacturing Company LLC, Denel Land Systems, General Dynamics Corporation, Northrop Grumman Corporation, Heckler & Koch AG, Israel Weapon Industries.

    North America will likely maintain its supremacy in the automatic weapons market throughout the forecast period.

    Asia Pacific is expected to witness the fastest growth in the global automatic weapons market during the forecast period.

    Based on product, the global automatic weapons market is divided into automatic rifles, machine guns, automatic launchers, automatic cannons, Gatling guns, and others. The automatic rifles segment held the largest market share in 2021.

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