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GLOBAL NON-LETHAL WEAPONS MARKET - GROWTH, TRENDS, ANALYSIS BY TOP MANUFACTURERS AND FORECAST (2019 - 2023)

03-25-2019 03:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

NON-LETHAL WEAPONS MARKET

NON-LETHAL WEAPONS MARKET

Global Non-Lethal Weapons Market Report: by Type (Direct Contact Weapons and Directed Energy Weapons), by Disabling Mechanism (Impact, Irritant Chemicals and Intense Sound/Light), by End-User (Law Enforcement and Military) and by Region – Forecast to 2023

Market Scenario:

Non-lethal weapons (also termed as less lethal weapons) are used by both the military and the law enforcement forces. Unlike lethal weapons, that can cause casualties, the non-lethal weapons are used to reduce the fatalities to a large extent. These weapons are specifically designed to cause temporary harm or injury to a person. Non-lethal weapons are mainly used for crowd dispersion, controlling civil wars, and controlling illegal protests against governments in order to maintain law and order.

Factors such as increasing political disputes and civil unrest and militarization of law enforcement agencies are positively impacting the non-lethal weapons market. In addition, the rise in defense expenditure, especially in emerging economies and subsequent investments in procuring such systems by military forces further boosts the market growth.

However, factors such as stringent regulations and subsequent delays in procurement processes hinders the market growth to a certain extent. Meanwhile, increasing research activities by many countries throughout the world, to develop effective less lethal technology create promising growth opportunities for the non-lethal weapons market. The global Non-Lethal Weapons market is expected to witness a CAGR of approximately 8% during the period 2018 to 2023.

The market is segmented by type, disabling mechanism, end-user, and region. Based on type, the non-lethal weapons market is divided into direct contact non-lethal weapons directed energy non-lethal weapons. During the forecast period, the direct energy segment is likely to witness the highest CAGR as it is more efficient in riot control operations.

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Based on disabling mechanism, the non-lethal weapons market is divided into impact, irritant chemicals, and intense sound/light. In Furthermore, based on end-user, the non-lethal weapons market is divided into law enforcement and military. In 2017, The law enforcement segment accounted for the largest market share as these organizations mostly are ordered to restrain, subdue or incapacitate the threat rather than neutralizing.

North America is estimated to account for the largest share during the review period. North America region in this report includes the US and Canada. Focus by the U.S. Department of Defense (DOD) on developing less lethal weapons such as PHASR Rifle, in the recent years, have resulted in the market witnessing a significant surge in demand, in this region. Moreover, US is the single largest market for non-lethal weapons. The law enforcement bodies largely use non-lethal weapons to control violent crimes in the country.

Key Players:

The key players in non-lethal weapons market are Amtec Less-Lethal Systems, Inc. (US), Armament Systems & Procedures Inc. (US), Axon Enterprise, Inc. (US), Combined Systems, Inc. (US), Condor Non-Lethal Technologies (Brazil), FN Herstal, S.A. (Belgium), Lamperd Less Lethal Inc. (Canada), Mission Less Lethal Technologies (US), Nonlethal Technologies, Inc. (US), and United Tactical Systems, LLC (US).

The report on the global Non-Lethal Weapons Market by Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of the qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance.

The report offers a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value, and the technological, macroeconomic, and governing factors of the market. The report also provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

Read More info @ https://www.marketresearchfuture.com/reports/non-lethal-weapons-market-1353

About Market Research Future:
At Market Reserach Future (MRFR) we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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