Automatic Weapons Market Share, Size, and Trends by 2031
Automatic Weapons Market: Strategic Insights
Automatic Weapons Market
-
CAGR (2023 - 2031)8.3% -
Market Size 2023
US$ 8.89 Billion -
Market Size 2031
US$ 16.87 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing military expenditure
- Rising awareness for strengthening armed forces with advanced weapons
- Procurement of electronic warfare systems
- Ongoing geopolitical tensions among different countries
FUTURE TRENDS
- Ongoing Conflicts Among Different Countries Boosting the Demand for Automatic Weaponry
OPPORTUNITIES
- Rise in Military Expenditure to Boost the Market Size
Key Players
- Armalite Inc
- Barrett Firearms Manufacturing
- Colts Manufacturing Company LLC
- Fabbrica d Armi Pietro Beretta S P A
- FN America LLC
- General Dynamics OTS
- Heckler Koch AG
- Northrop Grumman Corporation
- Rheinmetall AG
- Singapore Technologies Engineering Ltd
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Product Type
- Automatic Launchers
- Automatic Rifle
- Gatling Gun
- Machine Gun
- Automatic Cannon
Weapon Type
- Fully Automatic
- Semi-Automatic
Application
- Land
- Air
- Naval