Automatic Weapons Market
Automatic Weapons Market Size, Share & Trends Analysis Report by Type (Automatic Rifles, Machine Guns, Launchers, Automatic Cannons, and Gatling Guns),by Product Type (Fully Automatic and Semi-Automatic), by End-User (Army, Military, and Navy), Forecast Period (2024-2031)
Automatic weapons market is anticipated to grow at a CAGR of 8.5% during the forecast period (2024-2031). An automatic weapon, also known as a fully automatic firearm, is a firearm that automatically chambers and fires rounds when the trigger is pulled. Automatic weapons are different from semi-automatic weapons, which can only fire one shot per trigger pull. Automatic weapons can fire repeatedly as long as the trigger is held down, until the magazine is empty.
Market Dynamics
Geopolitical Concerns and Cross-Border Threats
The increasing cross-borderconflicts and instability in regions globally, along with perceived threats from neighboring countries, can lead governments to invest more in military equipment, including automatic weapons. According to SIPRI, World military spending grew for the eighth consecutive year in 2022 to an all-time high of $2240.0 billion. By far the sharpest rise in spending (+13.0%) was seen in Europe and was largely accounted for by Russian and Ukrainian spending.
Increasing Military Expenditure
The increasing number of military spending globally is a major driver for the automatic weapons market. When governments allocate more funds to their militaries, it often leads to increased procurement of automatic weapons and other weapon systems. According to SIPRI,The US remains by far the world’s biggest military spender. US military spending reached $877.0 billion in 2022, which was 39.0% of total global military spending and three times more than the amount spent by China, the world’s second-largest spender.
Market Segmentation
Our in-depth analysis of the global automatic weapons market includes the following segments by type, product type, and end user:
- Based on type, the market is sub-segmented into automaticrifles, machine guns, launchers, automatic cannons, and Gatlinggunsand others.
- Based on product type, the market is sub-segmented into fully automatic and semi-automatic.
- Based on the end user, the market is dividedInto the army, military, and navy.
Semi Automatic is Projected to Emerge as the Largest Segment
Among the producttypes,the semi-automatic sub-segment is expected to grow significantly in the forecasting period. The segment’s dominance is due to the increasing demand for semi-automatic weapon systems from Ukraine, India, Pakistan, and Syria to control regional tensions. For instance, in December 2023, the Defence Ministry of Indiaapprovedthe purchase of 70,000 Sig Sauer assault rifles for the Army. This will mark a significant stride in enhancing the capabilities of the troops to combat terrorism and execute major operations in Jammu and Kashmir.India had signed a deal to buy 72,000 of these semi-automaticrifles from the US under fast-track procedures. The rifles would be supplied by US arms maker Sig Sauer and will be manufactured in the US.
Regional Outlook
The globalautomatic weaponsmarket is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
Europe is the Fastest Growing Automatic weapons Market
- The rise in the number of geopolitical concerns and cross-border threats across Europe is being considered one of the major factors driving the demand for advanced automatic weapons.
- Increasing demand for weaponsand many European countries have a long history of well-funded militaries that require advanced weaponry, including automatic weaponswhich has contributed significantly to the automatic weapons market growth.
Global Automatic Weapons Market Growth by Region 2024-2031
North America Holds Major Market Share
The North Americanregion holds a major market sharein the global automatic weapons market and is expected to grow furtherwith a growing demand for advanced weaponry globally and the presence of key players in the region. Also,high US defense budgets fuel the procurement of automatic weapons for various branches of the military. For instance, In January 2024, Sales of arms and defense gear by the US government to other governments reached $80.9 billion in fiscal 2023, jumping nearly 56.0% from the previous year to set a new record.The three-year rolling average for Foreign Military Sales exports rose to $55.9 billion for fiscal years 2021 to 2023, up 21.9% from last year’s mark.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global automatic weaponsmarket include ST Engineering, Rheinmetall AG, BAE Systems, Northrop Grumman, Sturm, Ruger & Co., Inc., Thales Group, Lockheed Martin Corp, Raytheon Technologies Corpamong others.The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, In April 2022, The US Army recently awarded a contract to manufacturer SIG Sauer for two new soldier weapons, the XM5 rifle and the XM250 automatic rifle. For soldiers involved in close-quarters combat, the XM5 will eventually replace the M4/M4A1 carbine rifle, while the XM250 will replace the M249 Squad Automatic Weapon. Additionally, both new rifles will use the new 6.8 mm common cartridge family of ammunition as well as a new fire control system.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automatic weaponsmarket. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. BAE Systems
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Rheinmetall AG
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Thales Group
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis?
4. Market Segmentation
4.1. Global Automatic Weapons Market by Type
4.1.1. Fully Automatic
4.1.2. Semi-Automatic
4.2. Global Automatic Weapons Market by Product
4.2.1. Automatic Rifles
4.2.2. Machine Guns
4.2.3. Launchers
4.2.4. Automatic Cannons
4.2.5. Gatling Guns
4.3. Global Automatic Weapons Market by End-user
4.3.1. Army
4.3.2. Military
4.3.3. Navy
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East & Asia
6. Company Profiles
6.1. BARRETT
6.2. Glock Ges.m.b.H.
6.3. Heckler & Koch GmbH
6.4. IIWIsrael Weapon Industries (IWI) Ltd.
6.5. Kalashnikov Concern JSC, part of the Kalashnikov Group
6.6. Lockheed Martin Corp
6.7. Northrop Grumman
6.8. Raytheon Technologies Corp
6.9. Savage Arms
6.10. SIG Sauer
6.11. ST Engineering
6.12. Smith & Wesson Brands, Inc.
6.13. Springfield Armory, Inc
6.14. Sturm, Ruger & Co., Inc.
6.15. TCrownhe Crown Group
1. GLOBAL AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
2. GLOBAL FULLY AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL SEMI-AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
5. GLOBAL AUTOMATIC RIFLES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL AUTOMATIC MACHINE GUNS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL AUTOMATIC LAUNCHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL AUTOMATIC CANNONS AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL AUTOMATIC GATLING GUNS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY END-USERS, 2023-2031 ($ MILLION)
11. GLOBAL AUTOMATIC WEAPONS FOR ARMY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL AUTOMATIC WEAPONS FOR MILITARY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL AUTOMATIC WEAPONS FOR NAVY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. NORTH AMERICAN AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
15. NORTH AMERICAN AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
16. NORTH AMERICAN AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
17. NORTH AMERICAN AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
18. EUROPEAN AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
19. EUROPEAN AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
20. EUROPEAN AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
21. EUROPEAN AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
22. ASIA-PACIFIC AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
23. ASIA-PACIFIC AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
24. ASIA-PACIFIC AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
25. ASIA-PACIFIC AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
26. REST OF THE WORLD AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
27. REST OF THE WORLD AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
28. REST OF THE WORLD AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
29. REST OF THE WORLD AUTOMATIC WEAPONS MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
1. GLOBAL AUTOMATIC WEAPONS MARKET SHARE BY TYPE, 2023 VS 2031 (%)
2. GLOBAL FULLY AUTOMATIC WEAPONS MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL SEMI-AUTOMATIC WEAPONS MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL AUTOMATIC WEAPONS MARKET SHARE BY PRODUCT, 2023 VS 2031 (%)
5. GLOBAL AUTOMATIC RIFLES MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL AUTOMATIC MACHINE GUNS MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL AUTOMATIC LAUNCHERS MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL AUTOMATIC CANNONS MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL AUTOMATIC GATLING GUNS MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL AUTOMATIC WEAPONS MARKET SHARE BY END-USER, 2023 VS 2031 (%)
11. GLOBAL AUTOMATIC WEAPONS FOR ARMY MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL AUTOMATIC WEAPONS FOR MILITARY MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL AUTOMATIC WEAPONS FOR NAVY MARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL AUTOMATIC WEAPONS MARKET SHARE BY REGION, 2023 VS 2031 (%)
15. US AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
16. CANADA AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
17. UK AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
18. FRANCE AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
19. GERMANY AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
20. ITALY AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
21. SPAIN AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
22. REST OF EUROPE AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
23. INDIA AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
24. CHINA AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
25. JAPAN AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
26. SOUTH KOREA AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
27. REST OF ASIA-PACIFIC AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
28. REST OF THE WORLD AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
29. LATIN AMERICA AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
30. MIDDLE EAST AND AFRICA AUTOMATIC-WEAPONS MARKET SIZE, 2023-2031 ($ MILLION)
