Automatic Weapons Market Projected to Grow at a Steady Pace During 2023-2028

Reportsbyjames18 Sep, 2023Business

The automatic weapons market is estimated to grow from USD 16.06 billion in 2023 and is likely to grow at a CAGR of 10.60% during 2023-2028 to reach USD 26.58 billion by 2028. A constant rise in the defense budget of many countries and increased spending on upgrade technology: Global defense spending is on the rise, and many countries are investing in new and upgraded weapons systems. This includes automatic weapons, which are essential for modern militaries.