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Less Lethal Ammunition Market 2023 - By Size, Industry Scope, Global Share, Key Country Analysis And Forecast To 2032
Less Lethal Ammunition Market
The Business Research Company's Less Lethal Ammunition Global Market Report 2023 identifies increasing crime cases as the major driver for the Less Lethal Ammunition market's growth in the forecast period. Crime refers to unlawful activities or behaviors prohibited by law and subject to legal punishment. It refers to any action against a particular jurisdiction's established rules and regulations. Rising crime rates necessitate law enforcement's use of less lethal ammunition, providing them with a non-lethal option to control and subdue potential threats while reducing the risk of fatal injuries.
The global less lethal ammunition market is expected to grow from $0.97 billion in 2022 to $1.03 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The less lethal ammunition market is expected to reach $1.25 billion in 2027 at a CAGR of 5.04%.
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Major competitors in the Less Lethal Ammunition market are Rheinmetall AG, ALS Technologies, Axon Enterprise Inc., Remington Arms, Smith & Wesson, SIG Sauer, FN Herstal, Heckler & Koch.
A key trend in the Less Lethal Ammunition market includes training and simulation solutions. Major companies operating in the less-lethal ammunition market are developing innovative products to strengthen their position in the market. For instance, in February 2022, RUAG Ammotec's Defense and Law Enforcement business unit (DLE), which is part of the RUAG Group, a Swiss technology company, introduced new lead-free 9x19 LF Training SX 6.1 g and 94 g ammunition. This is part of the company's reaction to increased demand from police departments for lead-free, low-pollutant ammunition. The new cartridge has the same point of impact and equivalent recoil as the traditional ACTION 4 cartridge due to the precisely regulated charging procedure.
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The Less Lethal Ammunition market is segmented -
• By Type: Rubber Bullets, Bean Bag Rounds, Plastic Bullets, Paintballs
• By Weapon Type: Shotguns, Launchers, Other Weapon Types
• By Application: Military, Law Enforcement, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Less Lethal Ammunition market.
The Business Research Company's "Global Less Lethal Ammunition Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Less Lethal Ammunition Market Include:
1. Executive Summary
2. Less Lethal Ammunition Market Characteristics
3. Less Lethal Ammunition Market Trends And Strategies
4. Less Lethal Ammunition Market - Macro Economic Scenario
5. Global Less Lethal Ammunition Market Size and Growth
………………………………………..
32. Global Less Lethal Ammunition Market Competitive Benchmarking
33. Global Less Lethal Ammunition Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Less Lethal Ammunition Market
35. Less Lethal Ammunition Market Future Outlook and Potential Analysis
36. Appendix
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