Automatic Weapons Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2022 to 2028. It also offers accurate overview of the growth strategies, market size, mergers acquisitions, and upcoming products/services of leading key players in this market.
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. 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.
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Market Segments' 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.
Top key vendors in the market:
The report mentions a list of key players in the Automatic Weapons Market. Some of them are mentioned below –
- BAE Systems
- Colt's Manufacturing Company LLC
- Denel Land Systems
- General Dynamics Corporation
- Northrop Grumman Corporation
- Heckler Koch AG
- Israel Weapon Industries
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