Automatic Weapons Industry surging with CAGR of 9.9% between 2021 and 2027

According to the new research report published by The Insight Partners, titled “Automatic Weapons Market - Global Analysis and Forecast to 2027”, the global Automatic Weapons market is expected to reach US$ 14.95 Bn in 2027, registering a CAGR of 9.9% during the forecast period 2020-2027.

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In the recent few years, automatic weapons market has witnessed noteworthy M&A and partnership activity. Some of the significant deals includes, Rheinmetall joint venture with FRAEN to enhance its innovative drive as well as experience in producing and developing ammunition, weapon systems. Beretta acquired Victrix Armaments brand from Officina Meccanica Rottigni. This acquisition will help Bretta to strengthen its position in rifle segment. The company would market Victrix product lines including Victoria and Minerva. Furthermore, GD-OTS entered into a contract with the US army of worth US$221 million to deliver fixed and flexible variations of a machine gun system. All these strategic initiatives are expected to enhance the automatic weapons market during the forecast period.

The automatic rifles product category is expected to dominate the automatic weapons market during the forecast period. The huge growth has been experienced in the demand of automatic rifles by the defense forces globally. Besides, automatic rifles are inexpensive when compared to automatic launchers and are thereby can be used in large number of application segment and thus, the automatic rifles demand into the defense sector is noteworthy.

Some of the prominent players in automatic weapon market are Colt’s Manufacturing Company, LLC, GENERAL DYNAMICS OTS, Heckler & Koch AG, FN America, Rheinmetall AG, and Armalite Inc. captures a considerable share of the market owing to their product offerings and contact signed with the government to boost the market. Companies have taken several market initiatives in order to expand their footprint across the world and to fulfill the growing demand of the market. In 2019, FN America, LLC was awarded a contract for supplying machine gun barrels to Defence Logistics Agency (DLA) valued at US$ 9.9 Mn for the period of five years. Similarly, in the same year, Barrett Firearms has been rewarded with a contract by the US Department of Defense. The contract concerned to the Advanced Sniper Rifle (ASR) would support the US Special Operations Command (USSOCOM) with the help of Barrett’s Multi-Role Adaptive Design (MRAD).

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