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Next-generation Assault Rifles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Assault rifles are defined as short, compact, and lightweight military selective-fire rifles developed from sub-machine guns that fire reduced-caliber, reduced-power ammunition automatically and semi-automatically, using detachable box magazines and intermediate power cartridges, with a minimum effective range of 300 meters. With the introduction of innovative plastic materials and normalized ammunition calibers, the next-generation assault rifles market is expected to expand during the forecast period. In the recent past, these infantry rifles have attracted the attention of defense forces and security agencies, owing to the ever-rising threats posed to human security.

Rising applications of defense are projected to propel the emerging next-generation assault rifles market during the forecast period. The recent surge in armed violence and terrorism has been a major driving factor for the acceptance of next-generation assault rifles. Law enforcing agencies and military forces all around the world have been investing relatively high amounts to procure these rifles, which is anticipated to play a major role in the development of the global market in the near future. Factors such as cross-border disputes and increasing frequency of wars further boost the growth of the product.

However, the market might be impacted by particular restraints during the forecast period such as defense budgets of advanced economies including the U.S., Canada, and Germany, and stringent rules across major nations, especially in North America, in terms of licensing policies on civilian end-users as well as producers. Moreover, indiscriminate usage of these assault rifles, illicit rifles trafficking & trade, and policy threats for new technologies further impede the progression of this market.

A significant opportunity for the global next-generation assault rifles market is the trending design of small arms. The market has witnessed a paradigm shift from traditional wars to low-intensity semi-urban and urban conflicts. Thus, a radical transformation in the building and designing of assault rifles appears inevitable moving forward. Other major opportunities include foreign direct investment in the defense of emerging economies and the mounting defense expenditure by governments of these countries.

The global next-generation assault rifles market is segmented by end-user into the law enforcement, military, and self-defense divisions. Based on caliber, the market is divided into the 5.45 mm, 5.56 mm, and 7.62mm categories. The segments in terms of technology are semi-automatic and automatic. According to effective range, they are 400 m, 600 m, and 800 m. Firing systems include gas-operated, manually operated, and recoil operated types.

By geography, the global next generation assault rifles market is distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. At present, North America is a prominent market, and is estimated to remain dominant during the forecast period despite strict regulations in this zone. The procurement of assault rifles has risen considerably in the recent past in Asia Pacific and Middle East & Africa, driven by the relatively higher war frequency against militant outfits. Asia Pacific is predicted to witness a high growth rate in the next few years due to the increasing procurement of next-generation combat rifles by law enforcement agencies and military forces in this region for military modernization.  

Key players in the next-generation assault rifles market include 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., SIG SAUER, MasterPiece Arms Inc., and Springfield.     

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.   


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