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Automatic Weapons Market Share

Report ID: GMI9959
Published Date: Jun 2024
Report Format: PDF

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Automatic Weapons Market Share

BAE Systems PLC and Northrop Grumman Corporation hold a significant share of over 15% in the automatic weapons industry. BAE Systems PLC is a leading British multinational defense, security, and aerospace company. It develops and produces cutting-edge defence systems, including as military aircraft, naval vessels, submarines, and cyber intelligence tools. With a strong presence in the US, UK, and other international markets, the firm is a major participant in the global defence sector. BAE Systems provides state-of-the-art defence solutions to military and government clients worldwide by focusing on innovation and technological improvements.?

Northrop Grumman Corporation is a leading global aerospace and defense technology company. It specializes in autonomous systems, cyber solutions, and mission systems, serving government and commercial customers worldwide. The company is renowned for its innovations in aerospace systems, including the B-2 Spirit bomber and Global Hawk unmanned aircraft. It also focuses on advanced electronics and space technologies, contributing to national security and advancing capabilities in space exploration and defense. Northrop Grumman's dedication to innovation, reliability, and mission success highlights its leadership in the aerospace and defense industry.

Automatic Weapons Market Companies

Major players operating in the automatic weapons industry are:

BAE Systems PLC
FN Herstal
General Dynamics Corporation
Israel Weapon Industries Ltd.
Lockheed Martin Corporation
Northrop Grumman Corporation
Rheinmetall AG

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Global industry size for automatic weapons was valued at USD 9.25 billion in 2023 and is anticipated to register over 7% CAGR between 2024 and 2032, driven by increasing military modernization programs and growing geopolitical tensions and conflicts.

The land segment in the automatic weapons market is set to witness 8% CAGR through 2032 owing to the urban planning, sustainability efforts, and regulatory frameworks ensuring effective land management.

North America market held 35% revenue share in 2023 due to regulatory policies and technological advancements.

BAE Systems PLC, FN Herstal, General Dynamics Corporation, Israel Weapon Industries Ltd., Lockheed Martin Corporation, Northrop Grumman Corporation, and Rheinmetall AG.