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The global automatic weapons market size is expected to reach USD 15.04 billion by 2027.According to the U.S. Department of Defense, around USD 686.1 billion of defense budget was approved by the government in the U.S. in 2019. The increasing defense budget by the nation’s globally to upgrade their military is likely to surge the demand for advanced automatic weapons.

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Automatic Weapons Market Share, Size, Trends & Growth [2027]
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Automatic Weapons Market Share, Size, Trends & Growth [2027]

The global automatic weapons market size was $8.44 billion in 2019 and is projected to reach $15.04 billion by 2027, exhibiting a CAGR of 7.85% during the forecast period.