As per the report titled ‘Global Automatic Weapons Market Size study, by Type (Fully Automatic, Semi-Automatic), by Product (Automatic Rifle, Machine Gun, Automatic Launchers, Automatic Cannon, Gatling Gun) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global automatic weapons market, valued USD 7 billion in 2020, is expected to register 8% CAGR during 2021-2027 and reach USD 12 billion by 2027.
 

As per the findings of the report, rising terrorism, increasing demand for precision weapon systems, and expanding defense budgets are fostering global automatic weapons market growth.
 

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For the uninitiated, automatic weapons are a special category of weapons that leverage an array of various sensors and computer algorithms to independently recognize a target and use the onboard weapon system to engage and destroy it without any manual intervention.
 

Despite the positive industry outlook, strict manufacturing processes may negatively impact industry outlook over the analysis period.
 

Considering the geographical scope, North America (United States, Canada), Europe (United Kingdom, France, Germany, Italy, Spain), Asia Pacific (India, China, Australia, Japan, South Korea), and Latin America (Mexico, Brazil) are the major geographies highlighted in the research document.  
 

North America currently captures the majority of global automatic weapons industry share and will likely showcase strong gains over the analysis period, creditable continuous innovations and upgradation of warfare platforms. The U.S. is a major growth avenue for businesses in this space, with the country alone capturing about 37% of international arms exports between 2016 and 2020.
 

Meanwhile, Asia Pacific market is touted to rise considerably in the upcoming years due to rising border conflicts and a focus towards maintaining Indo-Pacific strategic advantage.
 

Speaking of the competitive landscape, BAE Systems plc, General Dynamics Corporation, KBP Instrument Design Bureau, Heckler & Koch AG, Singapore Technologies Engineering Ltd., FN Herstal, Rheinmetall AG, Colt's Manufacturing Company LLC, Northrop Grumman Corp., and Barrett Firearms Manufacturing are the major industry players.