27 Dec, 2024
4 mins read

The Global Automatic Weapons Market is estimated to account US$ 6.61 Bn in 2018 and is expected to grow at a CAGR of 9.9% during the forecast period 2018 – 2027, to account to US$ 14.95 Bn by 2027.

In the present scenario, the defense forces are increasing focusing on gearing up their armed force with advanced technologies, intending to deter in-country threats as well as cross border threats easily. The global automatic weapons market is majorly driven by increasing military expenditure that has boosted the manufacturing prospects and convergence of the defense industry […]