Automatic Weapons Market - By Type (Fully Automatic, Semi-Automatic), By Product (Rifles, Machine Guns, Launcher, Cannon, Gatling Gun), By Platform (Land, Naval, Air), By Application, By End User & Forecast, 2024 - 2032

Automatic Weapons Market - By Type (Fully Automatic, Semi-Automatic), By Product (Rifles, Machine Guns, Launcher, Cannon, Gatling Gun), By Platform (Land, Naval, Air), By Application, By End User & Forecast, 2024 - 2032

Global Automatic Weapons Market size will expand at a 7% CAGR between 2024 and 2032, fueled by the emphasis on military modernization and the growing need for specialized weapons. As armed forces worldwide focus on upgrading their arsenals to incorporate advanced technologies, demand for state-of-the-art automatic weapons rises. The need for specialized weapons tailored for specific combat scenarios, such as close-quarters battles and counterterrorism, further accelerates this trend. Investments in innovative, high-performance weapon systems are crucial for maintaining tactical advantages, thereby boosting market growth and expanding procurement activities.

For instance, in April 2022, the Army awarded SIG Sauer a contract for two new rifles: the XM5 rifle and the XM250 automatic rifle, designed specifically for close-combat soldiers. This move reflects a broader trend of upgrading weaponry to enhance operational effectiveness and address evolving combat needs. The introduction of these new rifles could drive further demand for advanced automatic weapons, stimulate innovation, and influence global defense procurement strategies.

The automatic weapons industry is fragmented based on type, product, platform, application, end-user, and region.

The armored fighting vehicles segment will experience a substantial surge by 2032, attributed to its critical role in modern military operations. These vehicles require advanced automatic weapons to enhance their combat capabilities and ensure protection against various threats. The demand for robust, high-performance weaponry that integrates seamlessly with armored vehicles drives market growth. Additionally, ongoing defense modernization efforts and increasing defense budgets further fuel the need for sophisticated automatic weapons systems, solidifying the armored fighting vehicles segment's dominant market position.

The military segment will achieve a considerable foothold by 2032, owing to escalating defense requirements and modernization initiatives. Armed forces worldwide are investing heavily in advanced automatic weapons to enhance combat effectiveness and ensure superior firepower in various operations. The increasing focus on upgrading weaponry to meet evolving threats and the growing need for precision and reliability in military engagements contribute to this trend. As military expenditures rise and technology advances, the demand for cutting-edge automatic weapons in defense applications will expand significantly.

Europe automatic weapons market share will record a remarkable CAGR from 2024 to 2032, propelled by ongoing defense modernization and increased military spending across the region. European countries are heavily investing in advanced automatic weapons to enhance their combat capabilities and address emerging security challenges. The region’s robust defense infrastructure and emphasis on technological innovation drive demand for sophisticated weapon systems. Europe’s strategic investments and commitment to maintaining advanced military equipment establish it as a notable contributor to the global automatic weapons industry. Show more