Global Next-generation Assault Rifles Market to reach USD XX billion by 2027.Global Next-generation Assault Rifles Market is valued at approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2021-2027. NGSW are assault rifle which aims to replace both the M4A1 and the M249 light machine gun. The Army wants more range and more lethality than the 5.56 can provide, and therefore they want to utilize a 6.8 mm round. Surge in armed violence and terrorism, rising investment in research and development of defence equipment has led to the adoption of Next-generation Assault Rifles across the forecast period. For Instance: According to the IBEF India accounts for 3.7% of the global military spending, making it the third highest military spender in the world. The defence expenditure constituted 2.9% of India's total GDP with approximately $72.9 billion spent on defence in 2020. Also, with the trending design of small arms, the adoption & demand for Next-generation Assault Rifles is likely to increase the market growth during the forecast period. However, indiscriminate usage of assault rifles impede the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Next-generation Assault Rifles market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the presence of dominant players in this region. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as rising conflicts between nations, presence of terrorism would create lucrative growth prospects for the Next-generation Assault Rifles market across Asia-Pacific region.
Major market players included in this report are:
Springfield
Beretta Holding S.p.A.
Colt's Manufacturing Company LLC
Bushmaster
DPMS, Inc
FN Herstal
DS Arms
Israel Weapon Industries
Heckler & Koch, Kel-Tec
CNC Industries Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology:
Semi-automatic
Automatic
By Calibre:
5.45 mm
5.56 mm
7.62 mm
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Next-generation Assault Rifles Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
