Automatic Weapons Market to 2027 Leading Growth Drivers, Emerging Audience, Segments, Profits & Analysis

Geographically, North America holds the largest automatic weapons market share, owing to rapid technological developments, numerous investments, and supportive Government policies in North American countries. However, Asia Pacific automatic weapons market is projected to grow with the highest growth rate during the forecast period. Asian countries contribute nearly 28% of the total global military spending. The favorable change in the economic structure in many of the Asian countries has boosted the military expenditure in the recent years. Due to rising tension and conflicts with China and Pakistan, the Indian military’s strategic procured significantly large numbers of automatic rifles and carbines. This as a result has positively impacted automatic weapons market.

 

North America holds the highest market share in the automatic weapons market. The primary reason for this is the governments of the region are spending heavily on the military sector. In the year 2018, the US DoD has been allocated with a budget of US$ 648 Bn. Additionally, Canada has spent US$ 21.6 Bn and Mexico US$ 6.6 Bn in defence development respectively. The US government has awarded several contracts in the recent two years which are supporting the growth of automatic weapons. For instance, in 2018, Raytheon has received a deal amounting to US$ 205.2 Mn from the Army for the supply of their Phalanx LPWS (Land Phalanx Weapon System) which is a part of Counter Rocket, Artillery, and Mortar (C-RAM) system. These new market initiatives and strategic contracts are expected to continue during the forecast period, contributing to the high growth of automatic weapons market in the region.

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GLOBAL AUTOMATIC WEAPONS MARKET SEGMENTATION

Global Automatic Weapons Market – By Product Type

Automatic Launchers

Automatic Rifle

Gatling Gun

Machine Gun

Automatic Cannon

Global Automatic Weapons Market – By Weapon Type

Fully Automatic

Semi-Automatic

Global Automatic Weapons Market – By Application

Land

Air

Naval

Global Automatic Weapons Market – By Geography

North America

U.S.

Canada

Mexico

Europe

France

Germany

UK

Russia

Rest of Europe

Asia Pacific (APAC)

China

India

Japan

Rest of APAC

Middle EAST & Africa (MEA)

Africa

Middle East

South America

Brazil

Rest of SAM

 

Global Automatic Weapons Market - Company Profiles

 

  • Armalite Inc.
  • Barrett Firearms Manufacturing
  • Colt’s 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.

 

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Posted by on Monday October 07 2019, 2:45 PM EDT. All trademarks acknowledged. Filed under Automotive, Automotive Manufacturing, Defence. Comments and Trackbacks are open. Follow responses: RSS 2.0

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