Market Size – USD 6.36 billion in 2019, Market Growth – CAGR of 4.8%, Market Trends – Higher demand for hitech Automatic Weapons and mobile rocket launchers
The latest industry intelligence research on the Automatic Weapons market offers a repository of valuable data on the size, share, and growth rate of the Automatic Weapons market for the forecast period, 2020 – 2027. Importantly, examination of various facets of the industry including but not limited to production volume, product sales, demand and supply assessment and forecast for the period, 2020 – 2027 aim at offering business owners a competitive edge over their rivals. The study further conducts a qualitative evaluation of various driving forces expected to shape the future of the industry during the estimated period.
The global market landscape of Automatic Weapons is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.
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Further key findings from the report suggest
In January 2020, The Adani Group, an Indian conglomerate, announced its acquisition of a Automatic Weapons business facility in Gwalior, India. With this acquisition, the company entered in the light weapons business where the company will be capable of producing machine guns, carbines, and other Automatic Weapons.
The polymer sub-segment is growing with the fastest CAGR of 6.3% owing to its higher efficiency in the manufacturing with 3D printing techniques and reduction in the overall costing with higher applicability in the sports and hunting purposes.
The regions in the Asia Pacific lead by China, India, Pakistan, and South & North Korea are allotting a considerable budget for their defense & law enforcement grooming purposes. Besides, growing incidences of interpersonal stand-offs, asymmetric warfare, terrorist activities, domestic violence, along with higher economic development and enhancement in the manufacturing industry, deliberately help propel market enforcement.
Key players in the market Smith & Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, & Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta S.p.A., and Raytheon Company, among others.
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Knowing the trends influencing the industry performance
Stakeholders, marketing executives and business owners planning to refer a market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Automatic Rifle
Machine Gun
Light Machine Gun (LMG)
Medium Machine Gun (MMG)
Heavy Machine Gun (HMG)
Automatic Launchers
Grenade launcher
Mortar Launcher
Missile Launcher
Automatic Cannon
Gatling Gun
Platform Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Land
Battle Tanks
Armored Fighting Vehicles
Light Protected Vehicles
Naval
Destroyers
Frigates
Corvettes
Offshore Patrol Vessels (OPVs)
Airborne
Fighter Aircraft
Helicopters
Combat Support Aircraft
Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Steel
Aluminum
Polymer
Others
Technology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Fully Automatic
Semi-Automatic
Caliber Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Small
56mm
62mm
7mm
5mm
Others
Medium
20mm
25mm
30mm
40mm
Others
Large
81mm
120mm
Others
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