Automatic Weapons Market Scope
Automatic weapon is also called as firearm that loads another round automatically after the first round has been fired. There are various types of product are involved in automatic weapon such as automatic rifle, machine gun, automatic launchers, automatic cannon and gatling gun. Growing in the modernization of military infrastructure as well as security threats will help to boost global automatic weapons market.
According to AMA, the Global Automatic Weapons market is expected to see growth rate of 6.8% Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Automatic Weapons market throughout the predicted period.
General Dynamics Corporation (United States), Northrop Grumman (United States), Rheinmetall AG (Germany), ST Engineering (Singapore), KBP Instrument Design Bureau (Russia), Heckler & Koch AG (Germany), FN Herstal (Belgium), Colt’s Manufacturing Company LLC (United States), Israel Weapon Industries (Israel), NORINCO (China) and Denel Land Systems (South Africa) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Kalashnikov Concern (Russia), BAE Systems (United Kingdom), Barrett Firearms Manufacturing (United States) and Ukroboronprom (Ukraine).
Segmentation Overview
The study have segmented the market of Global Automatic Weapons market by Type (Automatic Rifle, Machine Gun, Automatic Launchers, Automatic Cannon and Gatling gun) and Region with country level break-up.
On the basis of geography, the market of Automatic Weapons has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growing Demand for Precision Weapon Systems and Rising Dependency on Automatic Rifle
Market Growth Drivers:
Increasing Incidents of Wars as well as Cross-Border Battles and Improvements in Automatic Weapon Systems
Challenges:
Regulations Challenges for New Technologies
Restraints:
Less Defense Budget Already Developed Countries and Stringent Manufacturing Procedures
Opportunities:
Growing FDI in Defense in Developing Nations
Market Leaders and their Expansionary Development Strategies
On 5th June 2018, Northrop Grumman’s (American aerospace manufacturer and defense Industry Company) has acquired Orbital ATK. The deal was established for 7.8 million dollar.
On 17th August 2018, Germany’s Rheinmetall a leading provider of defense contractor has signed a 2.1 billion dollar contract to supply Australia with 211 Boxer wheeled armored vehicles.
Key Target Audience
Automatic Weapons Manufactures, Automatic Weapons Suppliers/Distributors, Automatic Weapons Industry Association, Government regulatory bodies, Government and Private Research Organization and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.