Automatic Weapons Market: Global Industry Analysis and Forecast (2023-2029)

Automatic Weapons Market size was valued at US$ 8.10 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 7.82% through 2023 to 2029, reaching nearly US$ 13.73 Bn.
Automatic Weapons Market Overview:
Automatic Weapons Market is expected to reach US$ 13.73 Bn. by 2029. An automatic weapon is an autoloading gun that can shoot totally automatically. Automatic weapons are select-fire guns that can shoot in both semi-automatic and automatic modes (some automatic weapons are capable of burst-fire as well). Automatic weapons differ from semi-automatic rifles in that they may fire many shots in rapid succession after the trigger is pushed. Battle weapons and assault weapons are two subcategories of automatic weapons. Automatic Rifles, Machine guns, Automatic launchers, Automatic cannon, and Gatling guns are the product types of automatic weapons.To know about the Research Methodology :- Request Free Sample Report
COVID-19 Impact on the Automatic Weapons Market:
During the forecast period 2023-2029, the untimely spread and emergence of the novel coronavirus pandemic in 2020 had not introduced any positive trends or news for the automatic weapons market growth. The arrival of the outbreak has thrown a wrench into the established patterns that support humanity and their way of life.

For the forecast period ending in 2029, the uninvited entry of the COVID-19 pandemic has also impacted the mushrooming market dynamics such as drivers and restraints, as well as the growing degree of global market rivalry, followed by the global demand and supply chain mechanism.

The revenues that were recorded to have decreased during the pandemic year of 2020 may gradually restart an upward trend from the start of the forecast period in 2022. This is because the global market has seen a growing requirement to resume market operations in order to increase the global market's capabilities and, as a result, satisfy the demand of target audiences dispersed across various global locations that are part of the market. Companies in the global market are likely to choose to optimize their operation funnels, and their strategy will be able to endure and outperform the competition.
Automatic Weapons Market Dynamics:
Driving Factor

The increasing and widespread need for factors such as high precision and automatic weight, followed by the widespread use of compact weapon systems, is expected to drive the automatic weapons market. Foreign direct investment (FDI) has increased significantly, particularly in the defense industry, and is expected to stimulate global automatic weapons market growth in most developing economies, such as the Asia-Pacific region and South America. Furthermore, the design of these automatic weapons on the market has been continuously improving, which is expected to drive market growth during the forecast period 2023-2029.

Restraining Factor

However, the scale of the automatic weapons market is expected to see the creation of some concerns, such as illegal automatic weapon sales, followed by the advent of severe licensing procedures and regulations, all of which are causing significant challenges for the market. Furthermore, policies being developed in terms of companies that deal with import and export procedures are expected to hamper the automatic weapons market growth to some level.
Automatic Weapons Market Segment Analysis:
Based on the Product, the market is segmented into Automatic Rifle, Machine Gun, Automatic launchers, Automatic Cannon, and Gatling guns. The Automatic Rifle segment is expected to hold the largest market share of xx% by 2029. Self-loading or semi-automatic rifles need to push the trigger after each shot, whereas automatic guns fire constantly until the final bullet is fired. Because self-loading guns are more accurate than automatic rifles, they are recommended. Given its substantial production and demand in Europe and the United States, the automatic rifles segment is expected to account for the highest share of the automatic weapons market during the forecast period 2023-2029.

Based on the End-User, the market is segmented into Land, Airborne, Naval, and Handheld & Stationary. The land segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Increasing ground-based border challenges and a growing focus on close combat systems are the factors that are expected to drive the growth of the land segment in the market. To respond to the demands of combat, the military is buying more powerful, automated cartridges as the number of engagements grow around the world. Additionally, as militaries' armor becomes more difficult to penetrate, armies are focusing on weaponry that has cyclical impacts, delivering greater harm to the enemy.

For example, the Indian Army inked a fast track purchase contract with the US business SiG Sauer in February 2019 for 72,400 assault rifles at a cost of roughly USD 100 million (FTP). There are 44,000 light machine guns and 700,000 assault rifles in this number. Furthermore, Australia is updating its vehicle-mounted weapons, while France is updating its assault rifles. As a result of numerous ground forces' increasing emphasis on weapon modernization, high procurement volumes are expected to continue in the next five years, resulting in the land segment dominating the market during the forecast period.

Based on the Caliber, the market is segmented into Small, Medium, and Large. The Small caliber segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. The small calibre assault rifles' popularity is owing to their superior performance, penetration range, and lethality on the battlefield. The Adcor A-556, Barrett REC7, and Colt CM901 assault rifles all use small calibres.
Automatic Weapons Market Regional Insights:
The North American region is expected to dominate the Automatic Weapons Market during the forecast period 2023-2029. The North American region is expected to hold the largest market share of xx% by 2029. The US is investing a significant amount of money in soldier modernization initiatives, as well as acquiring new automatic weapons for the armed services. The NGSW-Automatic Rifle (NGSW-AR) and the NGSW-Rifle are the two next-generation squad weapons (NGSW) that the country is now focused on. As a first priority, the NGSW-AR is planned to replace the M249 Squad Automatic Weapon in Brigade Combat Teams. The new weapon will be lightweight, capable of firing lightweight ammo, and will have a decreased acoustic and flash signature, as well as improved accuracy, range, and lethality.

With an initial purchase goal of 17,972 systems, the acquisition goal is for 85,986 systems. The three competing weapons businesses, namely General Dynamics Ordnance and Tactical Systems Inc., Textron Systems, and Sig Sauer Inc., showed their prototype 6.8 mm rifles and automatic rifles during the 2019 Association of the United States Army annual convention in October 2019. In the first quarter of 2022, the Army aims to choose a final design and begin fielding them in the first quarter of 2023. Additionally, once the development concerns with the Navy's Advanced Gun System, which is slated to be one of the major weaponry of the DDG-1000, are resolved during the forecast period, demand is expected to be generated.
Competition Matrix of the Automatic Weapons Market:
The objective of the report is to present a comprehensive analysis of the Global Automatic Weapons Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.



S.No
Company Name
Annual Revenue 2020
Annual Revenue 2021
Product Offerings


1
General Dynamics Corporation
37.9 Billion US Dollars
38.5 Billion US Dollars
Aircraft flight control systems, Auxiliary ships, Business jets, Combat vehicles, Communications systems, IT systems, Jones Act ships, Munitions, Nuclear-powered submarines, Stealth Ship, Tanks, Vision Systems, Watercraft, Weapon systems


2
Northrop Grumman
36.8 Billion US Dollars
35.7 Billion US Dollars
Military aircraft & unmanned aerial vehicles, Military vessels, Missiles & missile defense systems, Autocannons, chain guns & munitions, Satellites & space, Information technology, Electronic sensors and systems, Rocket launch systems


3
Rheinmetall AG
6.52 Billion US Dollars
7.47 Billion US Dollars
Automotive parts, military vehicles, Autocannons, ATGMs, Anti-aircraft defence systems, artillery, mortars, tank guns, munitions, ammunition, fuze systems, electronics


4
ST Engineering
7.158 Billion US Dollars
7.7 Billion US Dollars
Commercial and Military Aerospace, Electronics and Infocomm Technologies, Naval and Commercial Shipbuilding, Defence, Land Systems



PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Automatic Weapons Market dynamic, structure by analyzing the market segments and projecting the Global Automatic Weapons Market size. Clear representation of competitive analysis of key players by Technique, price, financial position, product portfolio, growth strategies, and regional presence in the Automatic Weapons Market make the report investor’s guide.
Automatic Weapons Market Scope: Inquiry Before Buying



Automatic Weapons Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 8.10 Bn.


Forecast Period 2023 to 2029 CAGR:
7.82%
Market Size in 2029:
US $ 13.73 Bn.


 Segments Covered:
by Product
• Automatic Rifle
• Machine Gun
• Automatic launchers
• Automatic Cannon
• Gatling Gun


by End-User
• Land
• Airborne
• Naval
• Handheld & Stationary


by Caliber
• Small
• Medium
• Large


by Type
• Fully Automatic
• Semi-Automatic



Automatic Weapons Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Automatic Weapons Market Key Players
• 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 Systems

Frequently Asked Questions:

1. Which region has the largest share in Global Automatic Weapons Market?
Ans: North American region held the highest share in 2022.

2. What is the growth rate of Global Automatic Weapons Market?
Ans: The Global Automatic Weapons Market is growing at a CAGR of 7.82% during forecasting period 2023-2029.

3. What is scope of the Global Automatic Weapons Market report?
Ans: Global Automatic Weapons Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Automatic Weapons Market?
Ans: The important key players in the Global Automatic Weapons Market are – 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 Systems

5. What is the study period of this Market?
Ans: The Global Automatic Weapons Market is studied from 2022 to 2029.