
Report ID: SQMIG20A2322
Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to automatic weapons market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.
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Global Automatic Weapons Market size was valued at USD 7.67 Billion in 2023 poised to grow from USD 8.30 Billion in 2024 to USD 15.46 Billion by 2032, growing at a CAGR of 8.09% in the forecast period (2025-2032).
The global automatic weapons market is highly competitive, with key players like Lockheed Martin, BAE Systems, Rheinmetall AG, and General Dynamics. These organizations lead through the use of cutting-edge technologies including AI, automation, and precision targeting. Lockheed Martin is committed to next-generation weapons with integrated systems, whereas BAE Systems prioritizes building defense alliances and product versatility. Rheinmetall is focused on innovative solutions to defense, and General Dynamics invests in autonomous systems and cybersecurity for weapon platforms. 'Lockheed Martin (USA)', 'BAE Systems (UK)', 'Rheinmetall AG (Germany)', 'General Dynamics (USA)', 'Northrop Grumman (USA)', 'Thales Group (France)', 'Leonardo S.p.A. (Italy)', 'SAAB AB (Sweden)', 'Kongsberg Gruppen (Norway)', 'Denel (South Africa)', 'Tata Advanced Systems (India)', 'Hanwha Defense (South Korea)', 'Rafael Advanced Defense Systems (Israel)', 'Mitsubishi Heavy Industries (Japan)', 'FN Herstal (Belgium)'
The global push for military modernization is a primary driver of the global automatic weapons market growth. Nations are upgrading their militaries by incorporating advanced technologies such as AI, autonomous systems, and sophisticated targeting systems into their automatic weapons. This upgrade increases the demand for more advanced, adaptable weaponry to counter changing threats.
Integration of Autonomous Systems in Weaponry: AI and autonomous technologies are increasingly being incorporated into automatic weapons to improve precision and combat performance. The technologies facilitate real-time targeting, autonomous decision-making, and lower human intervention, transforming the battlefield by enhancing operational efficiency as well as reducing risks for combat soldiers.
How does North America's Defense Spending Impact the Global Automatic Weapons Market?
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Report ID: SQMIG20A2322
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