Selbyville, Delaware Global Automatic Weapon Market Size Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2025. Automatic Weapon Market Size Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Automatic Weapon market and provides information regarding the revenue for the period 2020 to 2025.
The global automatic weapon market has been witnessing a speedy growth due to the presence of several favorable factors driving the demand for automatic weapons, such as modification of military forces, rising demand for interconnected warfare devices, extensive upgradations in the conventional combat architecture, and proliferating demand for high-precision warfare weapons from the military and defense industries.
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According to research report titled a??Global Automatic Weapon Market Analysis, 2020a??, the Global Automatic Weapon market is anticipated to grow at a CAGR of around 10% during 2020-25. The allocation of funds in the defense budget by the governments across several developed and developing nations has been continuously increasing over the past few years, which has been acting as a key factor for the growth in the Global Automatic Weapon market
Automatic Segment Weapon Type is Anticipated to Experience the Highest CAGR
Based on the type of automatic weapon, the market has been segmented into fully automatic and semi-automatic or self-operated weapons. The fully automatic market segmentation is expected to achieve the highest growth rate during 2020-25, owing to the modernization of the military forces, in addition to the convenience, high efficiency, and accurate targeting benefits offered by the fully automatic segment. However, cost-inefficiency, stringent government regulations, and risks associated with the functioning of the segment have been hindering the market growth.
North America is the Largest Market of Automatic Weapons
Based on the geographical segmentation, the North America region held the largest market share in 2019. However, the Asia-Pacific region is anticipated to attain the highest CAGR, owing to increasing investment by the emerging countries such as India, China, Japan, Saudi Arabia, and Israel on strengthening its military and defense infrastructure.
Furthermore, rising geographical disputes between countries in the Middle East, South China Sea, India-Pakistan, and trade sanctions between Iran-US have been aiding the market growth for automatic weapons from developing and underdeveloped nations.
According to, some the of key competitors operating in the Global Automatic Weapons market include General Dynamics Corporation, Northrop Grumman, Rheinmetall AG, ST Engineering, KBP Instrument Design Bureau, Heckler & Koch AG, FN Herstal, and Colt’s Manufacturing Company.
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