Automatic Weapons Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2022 to 2028. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.
Market Insights
The global automatic weapons market was estimated at US$ 8.55 billion in 2021 and is expected to grow at a CAGR of 10.2% during 2022-2028 to reach US$ 16.9 billion by 2028. The impact of COVID-19 on the overall market revenue is deemed to be less. However, manufacturing delays hit the industry for a short duration in 2020 and 2021.
Automatic weapons are semi-automatic and fully automatic firearms combinations. Automatic weapons fire constantly rounds if the gun trigger is hard-pressed or if there is ammo in the chamber. Automatic weapons have instigated a change in war engagement & defense strategies owing to their vast range of characteristics.
Recent cross-border disputes amongst nations such as Turkey & Cyprus, India & Pakistan, Russia & Ukraine, have resulted in provincial conflicts and intensified emphasis on advanced weapons. Because of regional differences, countries spend huge amounts on the development of weapons and therefore driving the growth of the automatic weapons market.
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