Automatic Weapons Market

Description

The Automatic Weapons Market is anticipated to grow from US$ 9.28 billion in 2023 to US$ 16.87 billion by 2031, reflecting a CAGR of 9.70% during the period from 2031 to 2031.

The dynamics of combat are evolving rapidly, primarily due to advancements in modern warfare technologies. Military forces worldwide are persistently seeking cutting-edge technologies to prevent adversaries from breaching borders. Additionally, various military organizations are acquiring advanced weaponry to bolster soldier capabilities. The trend of modernizing soldiers is gaining momentum among defense forces in both developed and developing nations. The advancement of modern weaponry is crucial for these soldier modernization initiatives. Over the years, the demand for sophisticated weaponry has surged among defense forces, with a notable increase in the procurement of automatic weapons recently. This heightened demand has prompted numerous established companies to enter this market segment, alongside many tier 2 manufacturers producing automatic weapons. The large number of manufacturers in the market allows defense forces to award contracts to their preferred suppliers.

Analysis of the Automatic Weapons Market

The global defense sector is experiencing remarkable growth in terms of spending, research and development investments, armament acquisitions, and soldier modernization efforts. The ongoing demand for advanced weaponry, artillery, and other defense materials is driving an increase in the number of manufacturers in the defense product manufacturing industry. The weapon manufacturing sector is highly concentrated, and its growth remains consistently stable. Recently, the demand for automatic weapons has surged significantly, driven by the advantages of technologically advanced weaponry. As demand rises, the automatic weapon manufacturing sector is also seeing an increase in the concentration of manufacturers and suppliers. Currently, the bargaining power of suppliers is moderately increasing due to intense competition for contracts from defense forces. However, this power is expected to escalate further in the coming years, particularly as defense forces in developing nations ramp up their procurement of automatic weapons.

Overview of the Automatic Weapons Market

The automatic weapons market is projected to experience robust growth from 2031 to 2031. Key factors driving this demand include:

Increased military spending
Growing awareness of the need to enhance armed forces with advanced weaponry
Acquisition of electronic warfare systems
Ongoing geopolitical tensions among various nations

These factors are expected to propel the growth of the automatic weapons market in the years ahead.

Strategic Insights

Drivers and Opportunities in the Automatic Weapons Market

Increasing Contracts for Automatic Weapons

The growing number of contracts for automatic weapons is a significant driver of market growth. For example:

In April 2022, the US Army awarded a ten-year contract to Sig Sauer Inc. for the production and delivery of two Next Generation Squad Weapon variants (the XM5 Rifle and the XM250 Automatic Rifle) along with the 6.8 Common Cartridge Family of Ammunition.
In September 2023, the US Ministry of Defense awarded a contract to DE&S for the provision of an Alternative Individual Weapon (AIW) system, known as the L403A1, valued at US$ 111 million.

Increase in Military Spending to Enhance Market Size

The rise in military expenditures across various countries is likely to create new opportunities for market players in the coming years. According to SIPRI data, global military spending was approximately US$ 2046.5 billion in 2020, US$ 2069.76 billion in 2021, and US$ 2148.12 billion in 2022. This trend indicates a consistent increase in investments by military forces worldwide as they seek to upgrade their weaponry.

Segmentation Analysis of the Automatic Weapons Market Report

Key segments contributing to the analysis of the Automatic Weapons Market include product type, weapon type, application, and geography.

Application (Land, Air, and Naval)

By product type, the Automatic Weapons Market is segmented into automatic launchers, automatic rifles, Gatling guns, machine guns, and automatic cannons, with the automatic rifle segment holding the largest market share in 2024.
By weapon type, the market is divided into fully automatic and semi-automatic, with the fully automatic segment commanding the largest share in 2024.
In terms of application, the market is categorized into land, air, and naval, with the land segment leading the market in 2024.

Geographical Analysis of the Automatic Weapons Market Share

The geographic scope of the Automatic Weapons Market report is divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

In 2023, North America led the global automatic weapons market and is expected to maintain its dominance throughout the forecast period. This is largely due to the presence of the largest military spender, the US, and several major automatic weapon manufacturers in the region, including Northrop Grumman Corporation, Armalite Inc., Colts Manufacturing Company LLC, Barrett Firearms Manufacturing, and General Dynamics Ordnance & Tactical Systems, which consistently meet the demands of the US military and international armed forces. The significant number of players in this region is anticipated to further drive market growth.

Recent Developments in the Automatic Weapons Market

The Automatic Weapons Market is assessed through qualitative and quantitative data collected from primary and secondary research, including key corporate publications, association data, and databases. Below are some recent developments and strategies in the automatic weapons market:

In February 2024, the Ministry of Defence announced plans to award a contract worth US$ 49.5 million to FNH UK Ltd for the Mid Life Improvement (MLI) of the UK Armed Forces Commands' in-service Heavy Machine Guns (HMG). (Source: UK Ministry of Defense, Press Release/Company Website/Newsletter)
In April 2022, the Army awarded a contract to SIG Sauer for two new soldier weapons: the XM5 rifle and the XM250 automatic rifle, replacing the M4/M4A1 carbine rifle and the M249 Squad Automatic Weapon, respectively. (Source: US Department of Defense, Press Release/Company Website/Newsletter)

Scope of the Automatic Weapons Market Report

Coverage and Deliverables of the Automatic Weapons Market Report

The report titled "Automatic Weapons Market Size and Forecast (2021-2031)" provides a comprehensive analysis of the market, covering the following areas:

Market size and forecast at global, regional, and country levels for all key market segments included in the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed Porter's Five Forces analysis
Global and regional market analysis covering key trends, major players, regulations, and recent developments
Industry landscape and competition analysis, including market concentration, heat map analysis, prominent players, and recent developments
In-depth company profiles with SWOT analysis

Product Code: TIPRE00002936

1. Introduction

1.1 Scope of the Study
1.2 The Insight partners research report guidance
1.3 Market Segmentation
- 1.3.1 Global Automatic Weapons Market and By Product Type
- 1.3.2 Global Automatic Weapons Market and By Weapon Type
- 1.3.3 Global Automatic Weapons Market and By Application
- 1.3.4 Global Automatic Weapons Market and By Geography

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Automatic Weapons Market Landscape

4.1 Market Overview
4.2 Automatic Weapons Market - Porter’s Five Forces
- 4.2.1 Bargaining Power of Buyers:
  - 4.2.1.1 Constant Demand for Automatic Weapons among the Military Forces
- 4.2.2 Bargaining Power of Suppliers:
  - 4.2.2.1 Supplier Concentration is Moderately Growing
- 4.2.3 Threats to Substitutes:
  - 4.2.3.1 No Significant Substitutes Available
- 4.2.4 Threats of New Entrants:
  - 4.2.4.1 Recognized Brands Capture the Maximum Market
- 4.2.5 Degree of Competition:
  - 4.2.5.1 Large Number of Well Established Players with Balanced Financial Status
4.3 Ecosystem Analysis:

5. Automatic Weapons Market and key industry dynamics

5.1 Key Market Drivers
- 5.1.1 Soldier Modernization
- 5.1.2 Increasing Military Expenditure
5.2 Key Market restraints
- 5.2.1 Malfunctioning of Automatic Weapons
5.3 Key Market Opportunities
- 5.3.1 Focus on Airborne Capabilities
5.4 Future Trends
- 5.4.1 Advancement in Automatic Weapons
5.5 Impact Analysis of Drivers and Restraints

6. Automatic Weapons Market and global analysis

6.1 Global Automatic Weapons Market Overview
6.2 Global Automatic Weapons Market Forecast and Analysis
6.3 Market Positioning:

7. Automatic Weapons Market Revenue and Forecasts to 2031and Product Type

7.1 Overview
7.2 Global Automatic Weapons Market Breakdown, By Product Types, 2018 and 2031
7.3 Automatic Launchers Market
- 7.3.1 Overview
- 7.3.2 Automatic Launchers Market Forecast and Analysis
7.4 Automatic Rifle Market
- 7.4.1 Overview
- 7.4.2 Automatic Rifle Market Forecast and Analysis
7.5 Gatling Gun Market
- 7.5.1 Overview
- 7.5.2 Gatling Gun Market Forecast and Analysis
7.6 Machine Gun Market
- 7.6.1 Overview
- 7.6.2 Machine Gun Market Forecast and Analysis
7.7 Automatic Cannon Market
- 7.7.1 Overview
- 7.7.2 Automatic Cannon Market Forecast and Analysis

8. Automatic Weapons Market Revenue and Forecasts to 2031andWeapon Type

8.1 Overview
8.2 Global Automatic Weapons Market Breakdown, By Weapon Type, 2018 and 2031
8.3 Fully Automatic Market
- 8.3.1 Overview
- 8.3.2 Fully Automatic Market Forecast and Analysis
8.4 Semi Automatic Market
- 8.4.1 Overview
- 8.4.2 Semi-Automatic Market Forecast and Analysis

9. Automatic Weapons Market Revenue and Forecasts to 2031andapplication

9.1 Overview
9.2 Global Automatic Weapons Market Breakdown, By Application, 2018 and 2031
9.3 Airborne Market
- 9.3.1 Overview
- 9.3.2 Airborne Market Forecast and Analysis
9.4 Naval Market
- 9.4.1 Overview
- 9.4.2 Naval Market Forecast and Analysis
9.5 Land Market
- 9.5.1 Overview
- 9.5.2 Land Market Forecast and Analysis

10. Automatic Weapons Market and Geographical Analysis

10.1 Overview
10.2 North America Automatic Weapons Market Revenue and Forecasts to 2031
- 10.2.1 North America Automatic Weapons Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.2.3 North America Automatic Weapons Market Breakdown by Weapon Type
- 10.2.4 North America Automatic Weapons Market Breakdown by Application
- 10.2.5 North America Automatic Weapons Market Breakdown, by Key Countries
  - 10.2.5.1 US Automatic Weapons Market Revenue and Forecasts to 2031 (US$ MN)
    - 10.2.5.1.1 US Automatic Weapons Market Breakdown by Product Type
    - 10.2.5.1.2 US Automatic Weapons Market Breakdown by Weapon Type
    - 10.2.5.1.3 US Automatic Weapons Market Breakdown by Application
  - 10.2.5.2 Canada Automatic Weapons Market Revenue and Forecasts to 2031 (US$ MN)
    - 10.2.5.2.1 Canada Automatic Weapons Market Breakdown by Product Type
    - 10.2.5.2.2 Canada Automatic Weapons Market Breakdown by Weapon Type
    - 10.2.5.2.3 Canada Automatic Weapons Market Breakdown by Application
  - 10.2.5.3 Mexico Automatic Weapons Market Revenue and Forecasts to 2031 (US$ Mn)
    - 10.2.5.3.1 Mexico Automatic Weapons Market Breakdown by Product Type
    - 10.2.5.3.2 Mexico Automatic Weapons Market Breakdown by Weapon Type
    - 10.2.5.3.3 Mexico Automatic Weapons Market Breakdown by Application
10.3 Europe Automatic Weapons Market Revenue and Forecasts to 2031
- 10.3.1 Europe Automatic Weapons Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.3.2 Europe Automatic Weapons Market Breakdown by Product Type
- 10.3.3 Europe Automatic Weapons Market Breakdown by Weapon Type
- 10.3.4 Europe Automatic Weapons Market Breakdown by Application
- 10.3.5 Europe Automatic Weapons Market Breakdown, by Key Countries
  - 10.3.5.1 France Automatic Weapons Market Revenue and Forecasts to 2031 (US$ MN)
    - 10.3.5.1.1 France Automatic Weapons Market Breakdown by Product Type
    - 10.3.5.1.2 France Automatic Weapons Market Breakdown by Weapon Type
    - 10.3.5.1.3 France Automatic Weapons Market Breakdown by Application
  - 10.3.5.2 Germany Automatic Weapons Market Revenue and Forecasts to 2031 (US$ MN)
    - 10.3.5.2.1 Germany Automatic Weapons Market Breakdown by Product Type
    - 10.3.5.2.2 Germany Automatic Weapons Market Breakdown by Weapon Type
    - 10.3.5.2.3 Germany Automatic Weapons Market Breakdown by Application
  - 10.3.5.3 Russia Automatic Weapons Market Revenue and Forecasts to 2031 (US$ MN)
    - 10.3.5.3.1 Russia Automatic Weapons Market Breakdown by Product Type
    - 10.3.5.3.2 Russia Automatic Weapons Market Breakdown by Weapon Type
    - 10.3.5.3.3 Russia Automatic Weapons Market Breakdown by Application
  - 10.3.5.4 UK Automatic Weapons Market Revenue and Forecasts to 2031 (US$ Mn)
    - 10.3.5.4.1 UK Automatic Weapons Market Breakdown by Product Type
    - 10.3.5.4.2 UK Automatic Weapons Market Breakdown by Weapon Type
    - 10.3.5.4.3 UK Automatic Weapons Market Breakdown by Application
  - 10.3.5.5 Rest of Europe Automatic Weapons Market Revenue and Forecasts to 2031 (US$ Mn)
    - 10.3.5.5.1 Rest of Europe Automatic Weapons Market Breakdown by Product Type
    - 10.3.5.5.2 Rest of Europe Automatic Weapons Market Breakdown by Weapon Type
    - 10.3.5.5.3 Rest of Europe Automatic Weapons Market Breakdown by Application
10.4 Asia Pacific Automatic Weapons Market Revenue and Forecasts to 2031
- 10.4.1 APAC Automatic Weapons Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.4.2 APAC Automatic Weapons Market Breakdown by Product Type
- 10.4.3 APAC Automatic Weapons Market Breakdown by Weapon Type
- 10.4.4 APAC Automatic Weapons Market Breakdown by Application
- 10.4.5 APAC Automatic Weapons Market Breakdown, by Key Countries
  - 10.4.5.1 China Automatic Weapons Market Revenue and Forecasts to 2031 (US$ MN)
    - 10.4.5.1.1 China Automatic Weapons Market Breakdown by Product Type
    - 10.4.5.1.2 China Automatic Weapons Market Breakdown by Weapon Type
    - 10.4.5.1.3 China Automatic Weapons Market Breakdown by Application
  - 10.4.5.2 India Automatic Weapons Market Revenue and Forecasts to 2031 (US$ Mn)
    - 10.4.5.2.1 India Automatic Weapons Market Breakdown by Product Type
    - 10.4.5.2.2 India Automatic Weapons Market Breakdown by Weapon Type
    - 10.4.5.2.3 India Automatic Weapons Market Breakdown by Application
  - 10.4.5.3 Japan Automatic Weapons Market Revenue and Forecasts to 2031 (US$ Mn)
    - 10.4.5.3.1 Japan Automatic Weapons Market Breakdown by Product Type
    - 10.4.5.3.2 Japan Automatic Weapons Market Breakdown by Weapon Type
    - 10.4.5.3.3 Japan Automatic Weapons Market Breakdown by Application
  - 10.4.5.4 Rest of APAC Automatic Weapons Market Revenue and Forecasts to 2031 (US$ Mn)
    - 10.4.5.4.1 Rest of APAC Automatic Weapons Market Breakdown by Product Type
    - 10.4.5.4.2 Rest of APAC Automatic Weapons Market Breakdown by Weapon Type
    - 10.4.5.4.3 Rest of APAC Automatic Weapons Market Breakdown by Application
10.5 Middle east and africa Automatic Weapons Market Revenue and Forecasts to 2031
- 10.5.1 Middle East and Africa Automatic Weapons Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.5.2 MEA Automatic Weapons Market Breakdown by Product Type
- 10.5.3 MEA Automatic Weapons Market Breakdown by Weapon Type
- 10.5.4 MEA Automatic Weapons Market Breakdown by Application
- 10.5.5 MEA Automatic Weapons Market Breakdown, by Key Countries
  - 10.5.5.1 Africa Automatic Weapons Market Revenue and Forecasts to 2031 (US$ MN)
    - 10.5.5.1.1 Africa Automatic Weapons Market Breakdown by Product Type
    - 10.5.5.1.2 Africa Automatic Weapons Market Breakdown by Weapon Type
    - 10.5.5.1.3 Africa Automatic Weapons Market Breakdown by Application
  - 10.5.5.2 Middle East Automatic Weapons Market Revenue and Forecasts to 2031 (US$ MN)
    - 10.5.5.2.1 Middle East Automatic Weapons Market Breakdown by Product Type
    - 10.5.5.2.2 Middle East Automatic Weapons Market Breakdown by Weapon Type
    - 10.5.5.2.3 Middle East Weapons Market Breakdown by Application
10.6 South America Automatic Weapons Market Revenue and Forecasts to 2031
- 10.6.1 South America Automatic Weapons Market Revenue and Forecasts to 2031 (US$ Mn)
- 10.6.2 South America Automatic Weapons Market Breakdown by Product Type
- 10.6.3 South America Automatic Weapons Market Breakdown by Weapon Type
- 10.6.4 South America Automatic Weapons Market Breakdown by Application
- 10.6.5 South America Automatic Weapons Market Breakdown, by Key Countries
  - 10.6.5.1 Brazil Automatic Weapons Market Revenue and Forecasts to 2031 (US$ MN)
    - 10.6.5.1.1 Brazil Automatic Weapons Market Breakdown by Product Type
    - 10.6.5.1.2 Brazil Automatic Weapons Market Breakdown by Weapon Type
    - 10.6.5.1.3 Brazil Automatic Weapons Market Breakdown by Application
  - 10.6.5.2 Rest of SAM Automatic Weapons Market Revenue and Forecasts to 2031 (US$ MN)
    - 10.6.5.2.1 Rest of SAM Automatic Weapons Market Breakdown by Product Type
    - 10.6.5.2.2 Rest of SAM Automatic Weapons Market Breakdown by Weapon Type
    - 10.6.5.2.3 Rest of SAM Automatic Weapons Market Breakdown by Application

11. Automatic Weapons Market - Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Product Development

12. Automatic Weapons Market - Company Profile

12.1 Armalite (Strategic Armory CorPs)
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Barrett
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Colt’s Manufacturing Company, LLC
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Product and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Fabbrica d'Armi Pietro Beretta S.p.A
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 FN America, LLC
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Product and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 General Dynamics Corporation
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Product and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Heckler and Koch GmbH
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Product and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Northrop Grumman Corporation
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Product and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Rheinmetall AG
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Product and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Singapore Technologies Engineering Ltd
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Product and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Glossary