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Automatic Weapons Market by Type (Fully automatic, Semi-automatic), by product (Rifles, Machine guns, Launcher, Cannon, Gatling gun, Others), by Platform (Land, Naval, Air), by Application (Armored fighting vehicles, Battle tanks, Combat support aircraft, Destroyers, Fighter aircraft, Helicopters, Light protected vehicles, Offshore Patrol Vessels (OPVs), Others), by End User (Military, Law enforcement, Civilian, Others), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, ANZ, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by MEA (UAE, Saudi Arabia, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Automatic Weapons Market was valued at USD 9.25 Billion in 2023 and is projected to reach USD 14.85 Billion by 2032, with an expected CAGR of 7% during the forecast period. The market for Automatic Weapons is comprised of the creation and dissemination of guns capable of firing multiple rounds automatically with one trigger pull, such as machine guns, assault rifles, and other fast-firing weapons. Military forces, law enforcement agencies, and to a lesser extent civilians use these weapons extensively for self-defense and recreational purposes. The rise in demand for advanced defense systems, the armed forces' modernization, and the necessity for efficient weapons in combat and security operations are fueling the market. Moreover, the market is being influenced by technological developments like upgraded firing mechanisms, increased precision, and improved ammunition. Increasing political tensions, armed conflicts, and defense budgets in areas such as North America, Europe, and Asia-Pacific are also fueling market expansion. Nevertheless, regulations have a strong impact on the market, especially in civilian sectors, with strict limitations on automatic firearms in numerous nations. Anticipated growth in the Automatic Weapons Market is driven by ongoing military upgrades, law enforcement requirements, and advancements in weaponry.
The Automatic Weapons Market is concentrated among leading manufacturers such as BAE Systems PLC, FN Herstal, General Dynamics Corporation, Israel Weapon Industries Ltd., Lockheed Martin Corporation, Northrop Grumman Corporation, and Rheinmetall AG. These companies possess strong technological capabilities and a global presence, enabling them to cater to the diverse requirements of military and law enforcement agencies. The market is characterized by innovation, with players investing in research and development to enhance the capabilities of automatic weapons. Regulations and product substitutes play a significant role in shaping the market landscape.
Key market trends influencing the Automatic Weapons Market include:
North America and Europe are expected to remain key markets for automatic weapons, driven by strong demand from military and law enforcement agencies. The United States and Germany are major contributors to the regional market. In terms of segments, the Rifles segment is anticipated to hold a dominant market share, followed by the Machine Guns segment.
Type
Product
Platform
Application
End User
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 7% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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