The global automatic weapon market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period (2024-2031).Increasing demand for automatic weapons globally contributes to the growth of the market. Several countries are contracting with manufacturers of advanced automatic weapons to improve the attack and defense military equipment base. For instance, in December 2023, The US Army’s newest rifle and automatic rifle are in the hands of soldiers for testing and will officially field to its first unit in 1st half of 2024.The service delivered the Next Generation Squad Weapon rifle and automatic rifle, known as the XM7 and XM250, respectively, along with its advanced optic, the XM157 fire control, to a platoon in the 101st Airborne Division at Fort Campbell, Kentucky in September 2024.The XM7 will replace the M4 for close combat units such as infantry, scouts, combat engineers, and special operations forces. The XM250 will replace the M249 Squad Automatic Weapon for the same units.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/automatic-weapons-market
In January 2024, the Armament Research and Development Establishment (ARDE) and a Hyderabad-based private firm launched an indigenous assault rifle named ‘ugram’.This is the first time that the Defense Research and Development Organization (DRDO) lab has collaborated with private industry to manufacture a 7.62 x 51 mm caliberrifle. The weapon is designed and developed to meet operational requirements of the Indian armed forces, paramilitary forces, and state police forces.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By type
o By product
o By end-user
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- ST Engineering, Rheinmetall AG, BAE Systems, Northrop Grumman, Sturm, Ruger & Co., Inc., Thales Group, Lockheed Martin Corp, and Raytheon Technologies Corp, among others.
Key questions addressed by the report.
Global Automatic Weapon Market Report Segment
By Type
By Product
By End User
Global Automatic-weapon Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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