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Automatic Weapons Market Size (2024 - 2029)

The Automatic Weapons Market is experiencing growth driven by increased defense spending, particularly in developing countries, which is fueling the modernization of military arsenals. This trend is leading to the procurement of advanced, automated weapon systems to equip armed forces. The market's expansion is further supported by the rise in internal conflicts and cross-border disputes, prompting nations to acquire sophisticated weapons. Additionally, the focus on precision weapon systems to combat terrorism and the introduction of high-tech, lightweight automatic weapons are contributing to the market's growth trajectory.

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Market Size of Automatic Weapons Industry

Automatic Weapons Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 9.47 Billion
Market Size (2029) USD 13.59 Billion
CAGR (2024 - 2029) 7.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Automatic Weapons Market Major Players

*Disclaimer: Major Players sorted in no particular order

Automatic Weapons Market Analysis

The Automatic Weapons Market size is estimated at USD 9.47 billion in 2024, and is expected to reach USD 13.59 billion by 2029, growing at a CAGR of 7.5% during the forecast period (2024-2029).

The growing defense spending, especially from the developing countries, is the main growth driver for the market, as it is giving the necessary impetus to the procurement plans. Many countries are trying to modernize the weapons of their military personnel, for which they are procuring the latest firearms to equip their militaries. In this regard, advanced weapon systems with increased automation are being developed and purchased. The rise of automatic weapons procurement is also due to the growing internal conflicts among various countries around the world. Cross-border disputes between Turkey and Cyprus, India and China, and Russia and Ukraine led to regional conflicts, which led to the procurement of advanced weapons.

Moreover, the utilization of automatic weapons increased due to the rapid production of sophisticated weapons, trends linked to the modernization of defense equipment in key developing countries. In addition, the need for precision weapon systems increased the focus on advanced weapons to counter increasing incidents of terrorism. The introduction of high-tech, light automatic weapons and intelligent weapons is also fuelling the market growth.

Automatic Weapons Industry Segmentation

Automatic guns can fire more than one shot at the same time with a single trigger pull. It is used in combat to maximize the odds of a hit and suppress enemy troop movement. Fully automatic firearms, such as machine guns, sub-machine guns, and assault rifles, have been widely used by various Army for more than a century.

The automatic weapons market is segmented by type, platform, and geography. By type, the market is segmented into automatic rifles, machine guns, automatic launchers, automatic cannons, and Gatling guns. By platform, the market is segmented into land, airborne, and naval. The report also covers the market sizes and forecasts for the automatic weapons market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Type
Automatic Rifle
Machine Gun
Automatic launchers
Automatic Cannon
Gatling Gun
Platform
Land
Airborne
Naval
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Automatic Weapons Market Size Summary

The automatic weapons market is poised for significant growth, driven by increased defense spending, particularly in developing countries. This surge in expenditure is primarily fueled by the need to modernize military arsenals, with a focus on procuring advanced and automated weapon systems. The global landscape of internal and cross-border conflicts, such as those involving Turkey and Cyprus, India and China, and Russia and Ukraine, has further accelerated the demand for automatic weapons. The rise in military engagements and the necessity for precision weapon systems to combat terrorism have also contributed to the market's expansion. The development and procurement of high-tech, lightweight, and intelligent weapons are key trends shaping the industry, as armed forces seek to enhance their combat capabilities and address the challenges posed by tougher military armor.

The market is characterized by a semi-consolidated structure, with major players like Northrop Grumman Corporation, General Dynamics Corporation, Sig Sauer, Inc., Rheinmetall AG, and BAE Systems plc holding significant shares. These companies are actively engaged in producing lightweight and durable firearms suitable for various environmental conditions, aiming to secure large procurement contracts. The US Army's modernization programs, including the acquisition of new automatic firearms and the development of advanced fire control systems, exemplify the ongoing efforts to enhance military capabilities. Internationally, countries such as Singapore and Estonia are also investing in new automatic weapons to replace older models. The competitive landscape is marked by substantial contracts and collaborations, as seen in recent agreements for the supply of light machine guns and assault rifles, underscoring the industry's focus on innovation and meeting specific military requirements.

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Automatic Weapons Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Automatic Rifle

      2. 2.1.2 Machine Gun

      3. 2.1.3 Automatic launchers

      4. 2.1.4 Automatic Cannon

      5. 2.1.5 Gatling Gun

    2. 2.2 Platform

      1. 2.2.1 Land

      2. 2.2.2 Airborne

      3. 2.2.3 Naval

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 Germany

        3. 2.3.2.3 France

        4. 2.3.2.4 Russia

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 India

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Latin America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Rest of Latin America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 United Arab Emirates

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 South Africa

        4. 2.3.5.4 Rest of Middle-East and Africa

Automatic Weapons Market Size FAQs

The Automatic Weapons Market size is expected to reach USD 9.47 billion in 2024 and grow at a CAGR of 7.5% to reach USD 13.59 billion by 2029.

In 2024, the Automatic Weapons Market size is expected to reach USD 9.47 billion.

Automatic Weapons Market Report Snapshots

Automatic Weapons Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)