Fully Automatic Weapons Market Outlook – 2027
Automatic weapons are a type of self-loading weapons which include semi-automatic and fully automatic firearms. An automatic firearm continuously fires rounds as long as the trigger is pressed and there is ammunition in the magazine. In contrast, a semi-automatic firearm fires one round with each individual trigger-pull. Automatic weapons such as anti-aircraft machine guns have extremely high rates of fire to maximize the probability of a hit. These guns are also mounted on fast attacking vehicles such as tanks and other fighting vehicles. The governments of different countries are investing heavily in the procurement of automatic weapons to act efficiently during warfare. For instance, in 2019, India has signed the contract for 72400 Sig Sauer Assault Rifles with the US firm.
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COVID-19 Scenario analysis:
- Due to COVID-19 situation, the supply chain of spare parts of fully automatic weapons such as components of machine guns has been hampered due to the declared lockdowns across the globe.
- Due to COVID-19, a suspension or decrease in military activities have lessen the opportunities for fully automatic weapons industries and their business development potential has been negatively impacted.
- Considerable rise in demand in fully automatic weapons market is expected in near future as world is moving toward normalcy.
- Reduction in defence spending by governments has been also impacting fully automatic weapons market as several expected orders are on hold.
- The government all across the globe are cancelling the visa of foreign people and locking down affected area which is restricting scientists & engineers to move and affecting research & development of fully automatic weapons.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Strong focus on soldier’s modernization by global governments, cross border disputes, advancement in land warfare systems, and continuous upgradation of existing combat platforms are the factors which drive the growth of fully automatic weapons market. However, high cost associated with the development of automatic weapons are hampering the market growth. Increasing foreign direct investment (FDI) in defence sector of developing countries is expected contribute in further growth of automatic weapons market.
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Cross border disputes
Recent cross border disputes between countries such as Russia & Ukraine, India & Pakistan, Turkey & Cyprus, etc have resulted in regional tensions and increased focus on advance weapons. Due to regional disputes, countries investing lots of amount in advancement of weapons and thus contributing in growth of the fully automatic weapons market.
Strong focus on soldiers’ modernization
The speedily changing face of warfare is increasing focus of the defence forces and the governments of several countries to heavily concentrate on the development of newer & advanced solutions for soldier as well country’s protection. Thereby, the demand for advanced weapons, body armor, and efficient artillery is constantly rising. Such parameters contribute in modernizing and enhancing soldier capabilities. The governments of several developed as well as developing countries are focusing on development as well as upgradation of weapons and ammunition, which is thereby contributing immensely in the growth of the fully automatic weapons market.
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Key benefits of the report:
- This study presents the analytical depiction of the fully automatic weapons industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global fully automatic weapons market share.
- The current market is quantitatively analysed from 2020 to 2027 to highlight the global fully automatic weapons market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global fully automatic weapons market analysis based on competitive intensity and how the competition will take shape in coming years.
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