The global automatic weapons market size is expected to reach USD 15.04 billion by 2027. This is attributable to the increasing demand for advanced automatic weapons and the rising defense budget of nations across the globe. This information is published by Fortune Business Insights, in its latest report, titled, “Automatic Weapons Market Size, Share & COVID-19 Impact Analysis, By Product (Automatic Rifles, Machine Guns, Automatic Launchers, Automatic Cannons, and Gatling Guns), By Type (Fully Automatic and Semi-Automatic), By Caliber (Small Caliber, Medium Caliber, and Large Caliber), By End Use (Land, Naval, Airborne, and Handheld & Stationary) and Regional Forecast, 2020-2027.” The report mentions that the market stood at USD 8.44 billion in 2019 and is likely to exhibit a CAGR of 7.85% between 2020 and 2027.
An automatic weapon is a type of weapon that has the capability of firing gunshots automatically. They do not require manual operation every time while firing and automatically burst fire. Additionally, these self-loading weapons are preferred by people globally owing to their sophistication and convenience in handling.
Increasing Demand for Advanced Weapons to Upgrade Defense amid COVID-19
As per a New York Times analysis of federal data, approximately 1.9 million guns were sold in the U.S. during the global pandemic. The growing sense of security and well-being is driving people to buy weapons for their safety. The novel coronavirus may have affected several economies, however, the demand for weapons has been consistent that will bode well for the market growth in the forthcoming years.
What does the Report Include?
The market report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.
DRIVING FACTORS
Rising Spend on Defense Budget to Augment Growth
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 its military is likely to surge the demand for advanced automatic weapons. Additionally, the escalating tension of war is propelling the countries to adopt advanced weapon systems that are expected to contribute to the growth of the global automatic weapons market in the forthcoming years.
SEGMENTATION
Automatic Rifles Held 40.57% Market Share in 2019
The automatic rifles segment, based on the product, held a market share of about 40.57% compared to others. The segment is expected to experience significant growth owing to the increasing demand for automatic rifles from armed forces during the forecast period.
REGIONAL INSIGHTS
North America to Remain at Forefront; Presence of Established Players to Augment Growth
Among all the regions, North America is expected to hold the highest position in the global automatic weapons market during the forecast period. This is attributable to the presence of established manufacturers such as Northrop Grumman Corporation, General Dynamics Corporation, and others. These companies are developing advanced automatic weapons to cater to the increasing demand for ammunition in the region. North America stood at USD 3.06 billion in 2019.
The market in Asia-Pacific is expected to experience exponential growth backed by the rising government funding to upgrade the nation’s defense along the borders that will favor the demand for sophisticated automatic weapons in the region between 2020 and 2027.
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https://www.fortunebusinessinsights.com/automatic-weapons-market-103524
The U.S. electro-optics/ infrared systems market size is expected to showcase considerable growth by reaching USD 7.40 billion by 2027 while exhibiting a CAGR of 6.19% between 2020 and 2027.
The growth is attributable to the increasing demand for technologically advanced UAVs and the growing focus on upgrading military might by the U.S. that will drive the adoption of advanced electro-optics infrared systems.
Fortune Business Insights, published this information, in its latest report, titled, “The U.S. Electro-Optics/ Infrared Systems Market Size, Share & COVID-19 Impact Analysis, By System (Imaging EO/IR and Non-Imaging EO/IR System), By Technology (Cooled and Uncooled), By Sensor Technology (Staring and Scanning Sensor), Imaging Technology (Multispectral and Hyperspectral), By Wavelength (Ultraviolet, Visible, Near Infrared, SWIR, MWIR, and LWIR), By Platform (Airborne, Land, and Marine/Naval), By Laser Range Finder (Airborne, Land, and Marine), By End User (Commercial and Military), and Country Forecasts, 2020-2027.” The report further mentions that the market stood at USD 5.55 billion in 2019.
Suspended EO/IR Contracts amid COVID-19 to Restrain GrowthThe aerospace and defense industry is experiencing tremendous pressure due to the COVID-19 pandemic owing to a sudden halt in the operations and activities.
The supply chain disruption has led the EO/IR system manufacturers to postpone the development and delivery of advanced surveillance systems leading to the postponement of contracts.
However, collaborations amongst enterprises to provide efficient solutions are likely to favor the market growth during the forecast period.The electro-optics infrared (EO/IR) system usually consists of visible and infrared sensors that can efficiently detect target hologram that aids in military application.
The Europe paper towel market size is expected to gain momentum by reaching USD 6.17 billion while exhibiting a CAGR of 4.6% between 2020 and 2027.
This is attributable to the increasing rate of the working women population that propels the demand for innovative sanitary paper towel products in Europe.
This information is published by Fortune Business Insights, in its latest report, titled, “Europe Paper Towel Market Size, Share & COVID-19 Impact Analysis, By Product Type Form (Folded and Rolled), Application (Consumer and AFH (Office, Restaurant, Hotel, Hospital, and Others)), Qualities (Strong Absorption and General Absorption), and Country Forecast, 2020-2027.” The report further mentions that the market stood at USD 4.36 billion in 2019 and is anticipated to experience considerable growth in the forthcoming years.Reduced Consumer Spending to Restrain Market Growth The novel coronavirus has led to unprecedented economic loss across the globe.
This has led to uncertain future prospects that are affecting the s bpending capacity of the consumers as they are reluctant to spend high on things amid the pandemic.
Amidst this, the rising demand for sanitization products such as disinfectants and sanitized paper towels will support the growth of the market in the forthcoming years.Across Europe paper towels are extensively adopted in kitchens and bathrooms to ensure proper hygiene and cleanliness.
The paper towel products soak moisture from the hands and further aid in reducing the bacterial and viral spread on the hand.
The global geotextiles market size is expected to experience exponential growth by reaching USD 16,212.5 million by 2028.
This is attributed to factors such as the increasing spending on construction projects that is expected to boost the adoption of geotextiles worldwide.The effect of the global pandemic, COVID-19, has been felt across several economies that are facing unprecedented loss.
Owing to the lockdown announced by the government agencies, several industries have been on a standstill with limited operational activities.
It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth.
Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point Analysis and PESTEL to obtain information about the current trends and industry developments that will drive the market growth in the forthcoming years.DRIVING FACTORSIncreasing Investment in Construction Projects to Promote GrowthAccording to the U.S. Commerce Department, the spending on construction projects was at a record high in January 2021.
Moreover, supportive government policies formulated for coir manufacturers to improve their production will boost the global geotextiles market growth in the forthcoming years.Browse Complete Report Summary@ https://www.fortunebusinessinsights.com/geotextiles-market-105063Market Segmentation:Based on material, the market is bifurcated into natural and synthetic.
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According to the new market research report "Heat Stress Monitor Market by Product Type (Fix & Portable and Handheld), Application (Athletics & Sports, Military, Oil & Gas and Mining, and Manufacturing Plants), Offering, Life Form, WBGT Technology, Sensor Type, and Region - Global Forecast to 2023", the overall heat stress monitor market is estimated at USD 43.3 million in 2018 and is expected to reach USD 60.9 million by 2023, at a CAGR of 7.07% during 2018–2023.The growth of the heat stress monitor market is mainly driven by the increased employer awareness related to employee safety to avoid accidents due to excessive heat at workplaces and increasing demand for heat stress monitors in athletics and manufacturing industries.
Browse and in-depth TOC on “Heat Stress Monitor Market”34– Tables27– Figures115– Pages View more detailed TOC @https://www.marketsandmarkets.com/Market-Reports/heat-stress-monitor-market-49311341.htmlServices market for heat stress monitoring is expected to grow at the highest rate during the forecast periodThe services market is larger than hardware and software market as the life span of heat stress monitor is more than 5 years, whereas the services are needed periodically to analyze heat stress monitor data and to suggest necessary changes needed to avoid heat stress.
Heat stress monitoring services are expected grow in the coming years because of the growing awareness toward employee safety and increasing regulations for monitoring heat stress by only expert professionals.
APAC expected to grow at the highest rate between 2018 and 2023Heat stress monitor has a growing demand in APAC owing to the increasing focus of the region toward employee safety.
Its government enforces stringent regulations and compliances.
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