Press release
Non-Lethal Weapons Market Growth and Latest Trends and Global Research Analysis with Major Players - LRAD Corporation and Chemring Group PLC, ASER International, Inc., and General Dynamics Corporation
Non-lethal weapons are designed primarily to neutralize human beings and allow them to avoid death. These weapons are used as an effective alternative to minimize the number of victims in critical situations such as riots, civil disturbances, combat situations, personal defense, etc. Military organizations, police and civilians are the main end-users of non-lethal weapons. The global non-lethal weapons market is driven by increased spending of military organizations, increased violence and crimes, and significant investments in research and development for the advanced non-lethal weapons.
Global Non-Lethal Weapons Market Size:
According to Research Cosmos, The Global Non-Lethal Weapons Market is projected to grow from USD 5.65 Billion in 2015 to USD 8.37 Billion by 2020, at a CAGR of 8.2% during the forecast period.
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Drivers and Restraints:
Increased defense budget spending, proactive market research and development initiatives, financing of government organizations, increasing civil unrest and other factors are driving the growth of the Non-lethal Weapons Market. In addition, the adoption of non-lethal weapons, such as TASER, pepper sprays and smoke bombs, has increased among law enforcement agencies around the world due to favorable government regulations and the availability of low-cost products. Projects are being carried out to introduce advanced weapons in the field of directed energy machines. For example, the governments of the United States, China and India have taken initiatives to develop advanced systems of active denial to control riots. Increased awareness of the benefits of using non-lethal self-defense weapons has fueled the demand for non-lethal weapons among civilians. However, strict regulations and changes to gun laws in some regions limit the growth of the industry. There has been an increase in demonstrations and riots around the world. Only in August of 2017, a total of 834 demonstrations, strikes, parades, demonstrations, sit-ins and meetings took place in the United States. Some of these events resulted in more than 100 acts of violence and injuries. There were violent demonstrations in Poland, Venezuela, Germany, Italy, Vietnam, India, Sri Lanka, Pakistan, Afghanistan, South Africa and Iran. In addition, the massive influx of refugees from the Middle East and the recent terrorist attacks has led to growing intolerance towards them. These factors will continue to drive demand for non-lethal products during the forecast period.
Geographical Insights:
Based on geography, the market is segmented into regions such as Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa region. The North American market share was valued to be the highest in 2017, due to developments in the United States Army as it focuses on the innovation and development of non-lethal weapons, many of which are in the design stage. These capabilities do not currently exist but are currently being researched to support the next generation of non-lethal weapons.
LRAD Corporation and Chemring Group PLC, ASER International, Inc., and General Dynamics Corporation are the major players of the market.
Browse report brief and TOC @ https://www.researchcosmos.com/reports/global-non-lethal-weapons-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/3945898
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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Kevin Stewart
kevin@researchcosmos.com
Global Sales Manager
Research Cosmos
www.researchcosmos.com
+1 888 709 8757
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