PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1880640
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1880640
The global assault rifles market is experiencing robust growth due to increasing defense budgets, modernization of armed forces, and heightened geopolitical tensions. Valued at USD 4.21 billion in 2024, the market is projected to grow to USD 4.58 billion in 2025, reaching USD 7.20 billion by 2032, representing a CAGR of 6.7% over the forecast period. Rising conflicts, evolving military technologies, and the Russia-Ukraine war have significantly impacted global demand, driving procurement of modern and versatile assault rifles.
Assault rifles are long guns with selective-fire capabilities, using intermediate cartridges and detachable magazines. These rifles can switch between semi-automatic, burst, and fully automatic firing modes. Their modular design allows integration of accessories such as optics, lights, fore grips, and grenade launchers. Commonly deployed rifles include M4, M16, HK416, and AK variants, which are highly valued for their rapid rate of fire, maneuverability, and effectiveness in close-combat, insurgency, and military operations.
Impact of Russia-Ukraine Conflict
The Russia-Ukraine war has had a profound influence on the assault rifles market. Both Ukrainian forces and allies have increased procurement of semi-automatic and automatic rifles to strengthen frontline capabilities. Germany, in April 2025, supplied Ukraine with protective equipment, vehicles, and modern assault rifles. Conversely, Russian forces have deployed advanced models like the A-545 KORD rifle, used occasionally by special forces. The conflict has reshaped global arms trade dynamics, affecting availability, pricing, and procurement strategies across multiple regions, boosting overall market demand.
Market Drivers
The market is primarily driven by increasing defense budgets and military modernization programs. The global defense budget reached USD 2.7 trillion in 2024, a 9.4% increase from 2023. Nations in Asia, Europe, and the Middle East have intensified investments in modern small arms due to rising geopolitical tensions and emerging threats. For instance, China announced a 7.2% increase in its defense budget in 2025 to modernize military assets. Countries such as the Netherlands are also upgrading rifles like Colt C7, C8 carbines, and MAG 7.62mm for enhanced operational readiness.
Market Restraints
Despite growth, strict government regulations and export controls limit expansion. Civilian ownership is restricted in countries like Australia and the European Union. International treaties such as the Arms Trade Treaty impose strict export regulations, increasing compliance costs and licensing challenges. These constraints create barriers for new entrants and restrict the market penetration of advanced assault rifles in certain regions.
Market Opportunities
Technological advancements present significant opportunities. Modern rifles feature modular designs, allowing customization of barrels, stocks, grips, and rails. Integration of smart optics, thermal scopes, holographic sights, and fire control systems improves accuracy and combat effectiveness. Multi-caliber rifles, including the SIG Sauer XM7 and CZ BREN 3, provide flexibility for diverse mission requirements and reduce logistical burdens.
North America led the market in 2024 at USD 1.80 billion, driven by high civilian firearm ownership and military procurement in the U.S. Europe is expanding through defense modernization in Germany, France, and the U.K. Asia Pacific is emerging due to investments in India, South Korea, and Australia. Middle East & Africa and Latin America are influenced by regional conflicts, organized crime, and arms imports.
Competitive Landscape
Key players include Kalashnikov Concern, FN Herstal, Heckler & Koch, Colt Manufacturing, Israel Weapon Industries, NORINCO, Lithgow Arms, SIG Sauer, and CZ. Companies focus on R&D, strategic partnerships, and modular product designs to meet evolving operational needs. For instance, in May 2025, CZ launched the CZ BREN 3 assault rifle, offering multi-caliber capabilities suitable for modern armed forces.
In conclusion, the assault rifles market is set to grow from USD 4.21 billion in 2024 to USD 7.20 billion by 2032, fueled by rising defense expenditure, modernization initiatives, and adoption of modular, multi-caliber firearms in military and law enforcement sectors worldwide.
Segmentation
By Caliber
By Rifle Configuration
By Firing Mode
By Range
By End User
By Region