Market Synopsis:
The non-lethal weapons, also known as less lethal weapons, are gaining popularity on the global front due to rising civil unrests in certain regions. The global non-lethal weapons market, according to Market Research Future (MRFR)’s study, is expected to strike 8% CAGR across the forecast period 2018 to 2023. The product is extensively used by both military men and law enforcement departments for controlling disturbances.
Increasing concerns regarding human rights and the implementation of laws regarding the same have led to a drastic rise in the purchase of non-lethal weapons. The civil unrest in the countries such as Syria, Palestine, Israel, etc. are expected to boost the growth of the non-lethal weapons market in the foreseeable future. In addition, countries such as India that are facing counter-border terrorism issues are also anticipated to fuel demand for the product. To illustrate, the conflicts arising in the Indian state of Kashmir due to its latest political development and constitutional amendment is poised to support the expansion of the non-lethal weapons market in the years to come.
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Key players are capitalizing on the rising crime rates and are projected to design weapons for the masses as a safety measure. This, in turn, is prognosticated to boost revenue generation for the players in the non-lethal weapons market over the next couple of years.
Competitive Dashboard:
Amtec Less-Lethal Systems, Inc. (US)
Axon Enterprise, Inc. (US)
Armament Systems & Procedures Inc. (US)
Combined Systems, Inc. (US)
FN Herstal, S.A. (Belgium)
Condor Non-Lethal Technologies (Brazil)
Lamperd Less Lethal Inc. (Canada)
Nonlethal Technologies, Inc. (US)
Mission Less Lethal Technologies (US)
United Tactical Systems, LLC (US)
Some of the eminent players participating in the global non-lethal weapons market. These players are emphasizing on technological innovations for product development. This, in turn, is prognosticated to encourage intense competition in the global market over the next couple of years. These players are focusing on the development of advanced weapons with higher efficiency. It is further projected to boost competitiveness in the global market place over the next few years. The growth strategies expected to be executed by the players of the non-lethal weapons market in the years to come are collaborations, agreements, mergers, acquisitions, etc.
Market Segmentation:
The global non-lethal weapons market has been bifurcated on the basis of type, which includes direct contact non-lethal weapons and directed energy non-lethal weapons.
On the basis of disabling mechanism, the non-lethal weapons market has been segmented into irritant chemicals, impact, and intense sound/light.
The key end-user segments of the global non-lethal weapons market profiled in this MRFR study are law enforcement and military.
Regional Analysis:
The geographical assessment of the global non-lethal weapons market is covered in this analysis on regional and country-level basis. The regional segments studied in this report are – North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). North America is anticipated to hold the leading position in the global market over the next few years. Factors such as investments in weapons in the U.S. and increasing production of weapons in Canada are projected to catapult the non-lethal weapons market on upward trajectory. Asia Pacific and the Middle Eastern countries are also poised to exhibit substantial opportunities for growth in the nearby future.
Latest Industry News:
In July 2019, the Israel Defense Forces (IDF) has announced the deployment of new non-lethal weapons across the border with the Gaza Strip to control disturbances created by Palestinian militant group Hamas.
In May 2019, a Turkish company has launched a non-lethal electroshock weapon, Wattozz, in the South African market as an alternative form of protection for the people.
Table of Content:
1 Executive Summary
2 Scope of the Report
2.1. Market Definition
2.2. Scope of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. List of Assumptions
2.2.4. Limitations
3 Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
Continued. . .
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