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The report provides details list of drivers and restraints of the market, which are influencing the market growth.
Major driving factors of the automatic weapons are a salient point of departure in a technology-fueled arms race that puts everyone in danger specialized missions such as surgical strikes, which has warranted increased surveillance, Positive product outlook owing to integrated system architecture and leading-edge technology offering superior performance and reliability will drive the industry demand, advances in machine autonomy derive primarily from research efforts in three disciplines: artificial intelligence (AI), robotics.
Rise in interdependencies linked to commercial trade, partnerships, and treaty obligations have increased. Traditional arms producers are certainly involved in the development of autonomous technologies but the amount of resources that these companies (can) allocate to R&D is far less than that mobilized by large commercial entities in the civilian sector. Government policy and huge investment cost will act as a restraint to the market.
In terms of region, Asia Pacific is expected to hold the largest share in the market during the forecast period owing to increased security expenses, the expansion of economies and the rise in population in Asia also demanding more. Asian governments are increasing their defense spending at quite a higher rate, they are mainly doing this commensurately with their economic growth, which has been famously rapid for most of the current century. 2017, five of the ten biggest arms importers were in the region: India, China, Indonesia, Australia and Pakistan. Vietnam, South Korea, and Taiwan were among the top 15 largest arms importers. Recently – The Indian defense ministry as planned to float a tender to purchase six regiments of homemade Pinaka multi-barrel rocket launchers for $2 billion. North America is the leading arms exporter in the world which increased its exports by 30 percent compared with 2009â€“15.
The report includes a detailed study of Porterâ€™s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Scope of the Report for Automatic Weapons Market
Global Automatic Weapons Market, by Product
Global Automatic Weapons Market, by End User
Handheld & Stationary
Global Automatic Weapons Market, by Caliber
Global Automatic Weapons Market, by Region
Middle East & Africa
Key Players Operating in Automatic Weapons Market
One Network Enterprises
Minrav Holdings Ltd.
FedEx Supply Chain
American International Contractors