According to the research report titled ‘Global Next-generation Assault Rifles Market Size study, by Technology (Semi-automatic, Automatic), by Calibre (5.45 mm, 5.56 mm, 7.62mm) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global next-generation assault rifles market is anticipated to garner lucrative returns by the year 2027.
 

Report findings suggest that increasing armed violence and terrorism, as well as rising expenditure in defence research & development have led to widespread product adoption, which in turn is augmenting the growth for next-generation assault rifles market.
 

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For the unversed, the NGSW (next-generation squad weapons) is an assault rifle designed to replace the M4A1 and M249 light machine guns. Armies across the globe are desiring more range and lethality than the 5.56 can deliver, thus a 6.8 mm round is being considered. For example: As per IBEF,x India accounts for 3.7% of worldwide military spending, making it the world's third largest military spender. Defence spending accounted for 2.9 percent of India's total GDP in 2020, with USD 72.9 billion spent on defence.
 

Furthermore, trending design of small weapons is expected to increase the product adoption, thereby fuelling the industry growth over the forecast period of 2021-2027.
 

Speaking of restraints, unrestricted use of assault rifles leading to violence against innocent may stifle market growth over the analysis timeframe.
 

Based on technology terrain, global next-generation assault rifles market is split into semi-automatic, and automatic. In terms of calibre, the industry is branched into 7.62mm, 5.56mm, and 5.45mm.
 

Considering the regional point of view, North America market holds a substantial revenue share at present, owing to presence of major players in the region. Whereas Asia Pacific industry is reckoned to grow at a rapid rate over the analysis period 2021-2027. The expansion is attributed to growing conflicts between nations, and rising terrorist activities in the region.
 

Kel-Tec CNC Industries Inc., Israel Weapon Industries, Bushmaster Firearms International LLC, Heckler & Koch GmbH, D.S. Arms, Fabrique Nationale Herstal, DPMS Inc., Springfield Armory Inc., Colt's Manufacturing Company LLC, Beretta Holding S.p.A., and CNC Industries Ltd. are the major players influencing the worldwide next-generation assault rifles industry dynamics.