DUBLIN, Jan. 28, 2019 /PRNewswire/ --
The "Automatic Weapons Market by Product (Automatic Rifle, Machine Gun, Automatic launchers, Automatic Cannon, Gatling Gun), End Use (Land, Airborne, Naval, Handheld & Stationary), Caliber (Small, Medium, Large), Type, and Region-Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
Rising incidents of war and cross-border conflicts and increasing demand for precision weapon systems for warfare platforms are the major factors driving the automatic weapons market globally.
The automatic weapons market is projected to grow from USD 6.0 billion in 2018 to USD 8.7 billion by 2023, at a CAGR of 7.82% from 2018 to 2023.
The market for automatic weapons is driven by several factors, such as the rising number of wars and cross-border disputes, increasing terrorism-related activities, and growing use of offensive weapons by militaries for tactical operations. The growth of the automatic weapons market could, however, be affected by certain major challenging factors in the coming years, such as the complexities involved in the integration of automatic weapons with a wide range of platforms and policy challenges for new technologies.
"Based on caliber, the small caliber segment is expected to grow at the highest CAGR during the forecast period."
Based on caliber, the automatic weapons market has been segmented into small caliber, medium caliber, and large caliber. Small automatic weapons such as automatic rifles and machine guns have a caliber up to 14.5 mm and are widely used by armies for short-range firing. These can be installed on various platforms due to their low weight for close combat operations. These are mostly anti-personnel weapons and do not have the ability to penetrate armor. The growth of the small caliber segment can be attributed to the increasing demand for automatic light weight weapons worldwide.
"North America is estimated to lead the automatic weapons market during the forecast period."
North America is estimated to lead, while the Asia Pacific region is projected to grow at a higher rate in the automatic weapons market during the forecast period. The US and Canada are the key markets for automatic weapons in North America. The US is globally recognized as one of the major manufacturers, exporter, and user of automatic weapons in the world. The North America automatic weapons market is expected to be driven mainly by the rising military budgets as well as ongoing military modernization programs in the US and Canada. For instance, in April 2018, Heckler & Koch Defense, the domestic subsidiary of German gun maker HK, received a contract worth USD 29.4 million for M27 Infantry Automatic Rifle systems from the US Marine Corps.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in Automatic Weapons Market
4.2 Small Caliber Automatic Weapons Market, By Type
4.3 Automatic Weapons Market for Land, By Type
4.4 Automatic Launchers Market Share, By Type, 2018
4.5 Europe Automatic Weapons Market, By Caliber and Country
4.6 North America Automatic Weapons Market, By Product
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Incidents of Wars and Cross-Border Conflicts
5.2.1.2 Rising Demand for Precision Weapon Systems
5.2.1.3 Advancements in Automatic Weapon Systems
5.2.2 Restraints
5.2.2.1 Declining Defense Budgets of Advanced Economies
5.2.2.2 Stringent Manufacturing Procedures
5.2.3 Opportunities
5.2.3.1 Increasing Defense Budgets of Emerging Economies
5.2.3.2 Increasing Fdi in Defense in Emerging Countries
5.2.4 Challenges
5.2.4.1 Policy Challenges for New Technologies
5.2.4.2 Integration of Automatic Weapon Systems With A Wide Range of Platforms
6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Integrated Weapon Systems
6.2.2 Advanced Gun System
6.2.3 3d Printed Guns
6.2.4 Metal Injection Molding (MIM) Technology
6.2.5 Advanced Autoloaders for Automatic Weapon
6.3 Innovations & Patent Registrations
7 Automatic Weapons Market, By Product
7.1 Introduction
7.2 Automatic Rifles
7.2.1 Increasing Demand of Automatic Rifles By Infantry Across the World
7.3 Machine Guns
7.3.1 Light Machine Guns (LMG)
7.3.1.1 Replacement of Old Machine Guns With Light Machine Guns is Expected to Fuel the Growth of This Market
7.3.2 Medium Machine Guns (MMG)
7.3.2.1 Developing Next Generation Lightweight Medium Machine Gun (LWMMG) Gives Warfighters A Distinct Advantage in Both Extended and Close-In Fighting
7.3.3 Heavy Machine Guns (HMG)
7.3.3.1 Increasing Use of Tripod Or Vehicle Mounted Weapons are Expected to Drive the Medium Machine Guns Market
7.4 Automatic Launchers
7.4.1 Grenade Launchers
7.4.1.1 Increasing Demand of Fully Integrated 40mm Automatic Grenade Launcher System From Nato Countries is Expected to Drive This Market
7.4.2 Missile Launchers
7.4.2.1 Asymmetric Nature of Warfare Requires Militaries Deploy Weapons With Extended Range and Striking Precision to Impart Optimum Lethality While Averting Collateral Damage.
7.4.3 Mortar Launchers
7.4.3.1 Increasing Investment to Upgrade Long Range Weapons By Advanced Economies
7.5 Automatic Cannons
7.5.1 Increasing Demand of Lightweight Medium Caliber Weapons is Fueling the Growth of This Market
7.6 Gatling Guns
7.6.1 Increased Application on Fighter Aircraft and Naval Ships is Expected to Drive This Market
8 Automatic Weapons Market, By End Use
8.1 Introduction
8.2 Land
8.2.1 Battle Tanks
8.2.1.1 Battle Tanks are Mostly Used During High Intensity Combat Operations
8.2.2 Armored Fighting Vehicles (AFVS)
8.2.2.1 The Market for AFVS is Projected to Grow at the Highest CAGR Over the Forecast Period
8.2.3 Light Protected Vehicles (LPVS)
8.2.3.1 Increased Demand for LPVS for Patrolling and Reconnaissance Functions Due to Increasing Cross-Border Terrorist Threats
8.3 Naval
8.3.1 Destroyers
8.3.1.1 Increasing Naval Warfare to Drive Destroyers Market
8.3.2 Frigates
8.3.2.1 Increasing Demand for Precision Weapon System on Naval Platform is Driving the Demand for Frigates
8.3.3 Corvettes
8.3.3.1 Continuous Upgradation on A Naval Platform Assures That It is Deployed With Latest Weapon Technology
8.3.4 Offshore Patrol Vessels (OPVS)
8.3.4.1 Increasing Demand of Small Caliber Weapons is Expected to Drive This Market
8.4 Airborne
8.4.1 Helicopters
8.4.1.1 The Market for Helicopter is Projected to Grow at the Highest CAGR During the Forecast Period
8.4.2 Combat Support Aircraft
8.4.2.1 Replacement of Legacy Systems With Advanced Combat Systems is Expected to Drive This Market
8.4.3 Fighter Aircraft
8.4.3.1 Increasing Need of Different Types of Automatic Weapon Systems From Incoming Threats is Driving This Market
8.5 Handheld & Stationary
9 Automatic Weapons Market, By Caliber
9.1 Introduction
9.2 Small Caliber
9.2.1 Small Caliber Weapons are Mostly Used By Infantry for Short Range Fire
9.2.2 5.56mm
9.2.3 7.62mm
9.2.4 12.7mm
9.2.5 14.5mm
9.3 Medium Caliber
9.3.1 Increasing Demand of 30mm and 40mm Automatic Weapons is Fueling the Growth of This Market
9.3.2 20mm
9.3.3 25mm
9.3.4 30mm
9.3.5 40mm
9.3.6 Others
9.4 Large Caliber
9.4.1 Advances in Weapon Technology Have Contributed to Increasing Range and Accuracy of Large Caliber Weapon System
10 Automatic Weapons Market, By Type
10.1 Introduction
10.2 Fully Automatic
10.2.1 Increasing Investment in Developing Fully Automatic Weapon System in North America and Asia Pacific is Fueling the Growth of This Market
10.3 Semi-Automatic
10.3.1 Regional Tensions Between Various Countries are Anticipated to Fuel the Demand of This Market
11 Automatic Weapons Market, By Region
12 Competitive Landscape
12.1 Introduction
12.2 Rank Analysis
12.3 Competitive Situations and Trends
12.3.1 Contracts
12.3.2 New Product Launches
12.3.3 Partnerships & Agreements
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/m5mn8p/global_automatic?w=5
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