The automatic weapons market in the world consists of all types of fully automatic firearms such as assault rifles, submachine guns, and machine guns. The military and police dominate the market but civilian ownership and the black market also come into it.
Market Overview and Growth Drivers
The international automatic weapons market is highly regulated and complex. Factors driving market growth include:
Geopolitical Crisis: More geopolitical tensions and wars around the world mean more demand for firearms with a military feel.
Criminal Justice – Needs: Criminal justice forces need cutting-edge weapons to fight crime and terrorists.
Ownership by the Civilian: In most permissive gun states, however, civilian owners of automatic weapons, which are highly regulated, supply the market.
Black Market Sales: Illicit Supply of automatic weapons drives the market, especially in those areas where there are no strong rules.
Market Size and CAGR
The Market is projected to reach US$ 16.87 billion by 2031 from US$ 8.89 billion in 2023. The market is expected to register a CAGR of 8.3% in 2023–2031.
Key Market Trends
Innovation in Technology: Continuous innovations in firearm technology like accuracy, reduced recoil night vision etc are the driving force of market innovation.
Prominent Call for Lightweight and Small Arms: Governments and police want lighter, smaller arms to move around more easily and achieve strategic advantages.
Cybersecurity is Getting More Important: The more advanced the guns, the more important cybersecurity becomes to ensure hackers and thieves don’t have access to them.
Rigidity: Governments around the world are making stricter regulations on automatic weapons sales and purchases, which has a market effect.
Market Segmentation
The automatic weapons market can be categorized as follows:
By Product Type
- Automatic Launchers
- Automatic Rifle
- Gatling Gun
- Machine Gun
- Automatic Cannon
By Weapon Type
- Fully Automatic
- Semi-Automatic
By Application
- Land
- Air
- Naval
Frequently Asked Questions (FAQs)
What are Automatic Weapons?
Automatic weapons are those that fire even after the trigger is pulled, displacing more rounds as you pull it. They are different from semi-automatics, which fire one round at each pull.
How Automatic Weapons Market Is A Major Issue?
The automatic weapons market is also important as it is responsible for international security, policing and war. They’re what military forces need to stay on top of their game, and that the police need to use to keep track of suspects.
What Are the Market Growth Opportunities of Automatic Weapons?
Geopolitics: Rising world tensions and crises generate the need for technologically advanced arms.
Military Modernization: Governments spend on modernizing the military, such as purchasing sophisticated weapons.
Criminal Justice Agencies Need: Criminal Justice agencies need unique equipment to deal with crimes and terrorism.
What Are The Problems in the Automatic Weapons Industry?
Less Regulating: There are lots of nations with strict laws for owning, selling and possessing automatic weapons.
Moral Issues: Automatic weapons have ethical issues because they could lead to massive casualties and civilian injury.
Illicit Traffic in Automatic Arms: Illicit traffic in automatic arms drives the business, especially in areas with weak regulation.
How Will the Automatic Weapons Market Grow in Future?
Technologies: Improvement of more advanced guns in accuracy, recursion, and night-time vision.
Increased Interest in Cybersecurity: Steering guns away from sabotage and theft.
Conclusion
The automatic arms industry is an elaborate and complex business with profound effects on global security and stability. Although the market will be influenced by technological developments and geopolitical trends, strict regulation and ethics are necessary to control the risks of these powerful weapons.
