Automatic Weapons Market Updates

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.

Automatic Weapons Market News

in Automatic Weapons Market
  • In April 2025, Brazilian firearms manufacturer Taurus Armas has boosted its production capabilities in the U.S. to navigate new tariff impositions. The U.S. plant, which has the capacity to produce 3,000 guns per day, will reduce the cost of doing business in the event of more tariffs. This business strategy firms up Taurus' hold on the U.S. market while keeping supplies constant.
  • In October 2024, Barrett Firearms, an American manufacturer, released the SSRS 30mm semi-automatic grenade launcher. The new weapon is intended for use with the U.S. Army Precision Grenadier System, providing greater tactical flexibility and accuracy. The launcher reflects Barrett's dedication to developing military capabilities through potent, specialized weapons, responding to the changing demands of contemporary warfare.
  • In June 2024, The CEASEFIRE project, a global initiative, introduced an AI-driven system aimed at combating illicit firearms trafficking. The AI technology aids law enforcement through increased efficiency in the detection and interception of illicit firearms movements. The innovation represents an important milestone towards the transformation of law enforcement tools, addressing increasing fears regarding firearms crimes, and enhancing safety in general.

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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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Global Automatic Weapons Market
Automatic Weapons Market

Report ID: SQMIG20A2322

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