Automatic Weapons Market Research Report - Global Forecast to 2024

Published - Jun 2019 | Category - Aerospace and Defense | No. of Pages - 133 | Published By - Market Research Future


Global Automatic Weapons Market is expected to gain significant traction during the forecast period.

Global Automatic Weapons Market Research Report: Information by Product (Automatic Rifles, Machine Guns, Light Machine Guns, Medium Machine Guns, Automatic Launchers, Grenade Launchers, Missile Launchers, Mortar Launchers, Automatic Cannons, and Gatling Guns), End Use (Land, Naval, and Airborne), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America)—Forecast till 2024

Market Scenario

The global automatic weapons market is expected to gain significant traction during the forecast period. Increasing incidents of terrorism and armed conflict among countries are the primary drivers for market growth. Furthermore, technological advancements have led to the development of high-precision weapons systems, which is expected to fuel the demand for automatic weapons in various regions. However, stringent manufacturing standards and defense budget restrictions are expected to hinder market growth during the forecast period.

A growth in foreign direct investments (FDI) in the defense industry is expected to accelerate market growth in developing economies in Asia-Pacific and Latin America. Moreover, continuous improvement in the design of automatic weapons is expected to encourage market growth during the forecast period. However, market players face challenges such as strict policies regarding the use of certain automatic weapons, which are expected to restrain market growth.


 

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