According to a market report by Lucintel, the future of the global automatic weapon market looks promising with opportunities in the land, naval, and airborne markets. The global automatic weapon market is expected to reach an estimated $11.0 billion by 2028 with a CAGR of 7.5% from 2023 to 2028. The major drivers for this market are increasing defense spending from the developing countries, growing technological advancement in the land warfare systems, along with rising concerns across the security threats around the world.
In this market, automatic rifle, machine gun, automatic launcher, automatic cannon, and gatling gun are the different segments of automatic weapon market by product. Lucintel forecasts that automatic rifle will remain the largest segment over the forecast period because of the growing demand for automatic rifles from different military forces around the globe.
Within this market, land will remain the highest growing segment because of the increasing land-based border issues, along with growing demand for AFVs, LPVs, and battle tanks in combat operations.
North America will remain the largest region over the forecast period due to on-going advancements of warfare platforms, as well as rising investments in the automatic weapons and advanced technologies by United States.
General Dynamics, Northrop Grumman, ST Engineering, Heckler & Koch, FN Herstel, NORINCO, Denel Land Systems, Barrett Firearms, BAE Systems, and Rheinmetall are the major suppliers in the global automatic weapon market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automatic weapon market by product, type, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Automatic Weapon Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automatic weapon market by product, type, end use industry, and region, as follows:
Automatic Weapon Market by Product [Shipment Analysis by Value from 2017 to 2028]:
Automatic Rifles
Machine Guns
Automatic Launchers
Automatic Cannons
Gatling Guns
Automatic Weapon Market by Type [Shipment Analysis by Value from 2017 to 2028]:
Fully- Automatic
Semi-Automatic
Automatic Weapon Market by End Use Industry [Shipment Analysis by Value from 2017 to 2028]:
Automatic Weapon Market by Region [Shipment Analysis by Value from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global automatic weapon market by product (automatic rifles, machine guns, automatic launchers, automatic cannons, and gatling guns), type (fully-automatic and semi-automatic), end use industry (land, naval, and airborne), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?