Leading market companies are extensively spending on R&D to extend their product lines, which will help the automatic weapons market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The automatic weapons industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the automatic weapons industry to benefit clients and increase the market sector. In recent years, the automatic weapons industry has offered some of the most significant medical advantages. Major players in the automatic weapons market, including Northrop Grumman (US), Colt’s Manufacturing Company LLC (US), Rheinmetall AG (Germany), FN Herstal (Belgium), and others, are attempting to increase market demand by investing in research and development operations.Recent Market News
Rheinmetall AG is a German-based company involved in developing and producing a range of defense and security-related products, including automatic weapons. The company's automatic weapons portfolio includes a range of small arms and crew-served weapons. One of the notable products in Rheinmetall AG's automatic weapons portfolio is the MG3 machine gun. For instance, in March 2020, Rheinmetall and the Swiss Federal Office of Defense agreed to deliver rifle-mounted laser targeting modules to the Swiss army. Rheinmetall is also anticipated to supply the Swiss Army with accessories, replacement parts, and training assistance under this deal.
Colt's Manufacturing Company LLC has been an American firearms manufacturer in business for over 175 years. The company produces a range of firearms that military and law enforcement agencies use worldwide, including automatic weapons. Colt's Manufacturing Company LLC's automatic weapons portfolio includes a range of rifles and machine guns. For Instance, in March 2022, Colt's Manufacturing Co. LLC, one of the United States' oldest and most renowned small weapons manufacturers, agreed to co-produce handguns and rifles in Jordan with a Jordan-based firm.
Colt and Jordan Armament and Weapon Systems (JAWS) signed a memorandum of cooperation on Nov. 2 in Aqaba, Jordan, on the sidelines of the SOFEX convention.
In July 2024, Zen Technologies, anti-drone technology and defense training solutions provider alongside its subsidiary AI Turing Technologies, developed an AI powered robot named Prahasta for the global defense market. Prahasta is an automated quadruped that employs LiDAR and reinforcement learning to build and analyze three-dimensional time-sensitive terrains for superior planning, navigation, and threat evaluation.
In April 2024, the Italian defense industry heavyweight Leonardo presented two more initiatives for the improvement of medium caliber guns, the first being chambered for 30×113 and the second being a Gatling-type gun that fires 20×102 mm rounds. The introduction of such arms is in line with the company’s industrial strategy of vertical integration, whose aim is to have products manufactured only from its divisions.
In April 2024, Ottawa was expecting to introduce a compulsory buyback of military patterned attack weapons increased style guns during the election year of 2025 but Canada Post declined to cooperate and thus the program was delayed. Federal officials have told Radio-Canada that there is still a great deal of uncertainty surrounding the logistics of the program with only months until its commencement.
In January 2024, the Armament Research and Development Establishment (ARDE) and a Hyderabad firm introduced an indigenously developed assault rifle Ugram (ferocious) which for Indian facts sounds very unusual. As per an official, this is the first time when the lab of Defence Research and Development Organisation (DRDO) has partnered with the private sector for the production of a 7.62 x 51 mm caliber rifle.
In March 2023, Estonia’s Centre for Defence Investment ordered 1000 units of NG7 “Negev” light machine weapons from the Israeli manufacturer IWI, reaching integration with the Estonian army. The Negevv machine guns are scheduled for operational deployment at the end of 2023 so that they replace MG3 and KSP-58 machine guns already in service.