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Automatic Weapons Market Trends

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

Automatic Weapons Market Trends

The growing use of smart weapon systems is one of the prominent developments in the market for automatic weapons. These systems combine cutting-edge technology to increase operating efficiency, situational awareness, and aiming precision, including AI, IoT, and improved optics. Operators can access real-time data and analytics from smart weapons through their ability to interface with other devices. This incorporation of technology improves battlefield efficiency and is consistent with contemporary military tactics that prioritize accuracy and communication. For instance, in January 2023, Sig Sauer was selected by the U.S. Army for the Next Generation Squad Weapon (NGSW) program, which includes smart features such as integrated fire control systems and advanced targeting capabilities.
 

Another important development influencing the market for automatic weapons is the rise of unmanned combat systems, such as drones and automated ground vehicles. Automatic guns are frequently included in these platforms for autonomous and distant operations, lowering the risk to human soldiers and increasing operational flexibility. The necessity to minimize human casualties in battle settings and achieve advanced military capabilities is what drives the demand for such systems. For instance, in April 2022, Russia unveiled the Uran-9 unmanned combat ground vehicle, manufactured by Kalashnikov Concern, equipped with automatic cannons and machine guns, showcasing the integration of automatic weapons into unmanned systems for enhanced combat capabilities.
 

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.

Automatic Weapons Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 305
  • Countries covered: 21
  • Pages: 210
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