Non-Lethal Weapons Market Set for Robust Growth: Projected to Reach $12,490.5 million by 2028 with a Steady CAGR of 7.4%

According to a recent report published by Allied Market Research, titled, "Non-lethal Weapons Market by Technology, Product Type, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2028," the global non-lethal weapons market was valued at $7,378.2 million in 2020, and is projected to reach $12,490.5 million by 2028, registering a CAGR of 7.4%.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬: https://www.alliedmarketresearch.com/request-sample/1711

Increase in territorial conflicts across the world and technologically advanced solutions drive the growth of the global non-lethal weapons market. However, increase in number of incidents causing adverse effects of use of non-lethal weapons and government regulations and environmental concerns hinder the market growth. On the contrary, rise in budgetary expenses in military and R&D initiatives are expected to open new opportunities for the market players in the coming years.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

ASP, INC., COMBINED SYSTEMS, Inc., .ZARC INTERNATIONAL INC., ALS LESS-LETHAL SYSTEMS, INC., Rheinmentall AG, SAFARILAND, LLC., NONLETHAL TECHNOLOGIES, Inc., .ISPRA BY EI Ltd., CONDOR NON-LETHAL TECHNOLOGIES, PEPPERBALL TECHNOLOGIES, INC.

By technology, the market is categorized into chemical, electroshock, mechanical and kinetic, acoustic/light, and others. The chemical segment accounted for the highest revenue in 2020, owing to the high demand for chemical non-lethal weapons such as tear gas, aerosols, smoke grenades, and chemical projectiles by the law enforcement agencies globally. The rise in popularity of electroshock weapons is expected to increase the demand for electroshock non-lethal weapons over the years.

By product type, the non-lethal weapons market is segregated into gases & sprays, grenades, taser guns, bullets, and others. The gases & sprays segment dominated the product type segment in 2020, owing to the introduction of advanced product enhancements such as munitions, aerosols, pepper sprays, and tear & signaling gases that are able to serve diversified needs of the consumers.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/non-lethal-weapons-market/purchase-options

Based on technology, the chemical segment dominated the market in 2020, accounting for nearly half of the market. However, the electroshock segment is expected to register the highest CAGR of 9.1% during the forecast period.

On the basis of end-users, the law enforcement agencies segment held the largest share in 2020, contributing to around three-fifths of the market. Moreover, the segment is projected to manifest the highest CAGR of 8.1% from 2021 to 2028.

Rise in territorial conflicts globally and availability of technologically advanced solutions, are expected to drive the global non-lethal weapons market growth during the forecast period. However, government regulations and environmental concerns, and the rise in number of incidents causing adverse effects due to the use of non-lethal weapons are anticipated to hamper the growth of the market during the forecast period. Moreover, increase in budgetary expenses in military and R&D initiatives are expected to offer growth opportunities for the market in the future.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/1711

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The global non-lethal weapons market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2020, accounting for nearly two-fifths of the market. However, the Asia-Pacific is anticipated to register the highest CAGR of 8.5% during the forecast period.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

By technology, the electroshock segment is expected to register a significant growth during the forecast period.

By product type, the taser guns segment is anticipated to exhibit significant growth in the near future.

By end user, the law enforcement agencies segment is projected to lead the global non-lethal weapons market owing to higher CAGR as compared to military and citizens segments.

By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Aircraft Manufacturing Market - https://www.globenewswire.com/news-release/2023/04/14/2647226/0/en/Aircraft-Manufacturing-Market-to-Garner-476-4-Billion-by-2031-Allied-Market-Research.html

Aircraft Micro Turbine Engine Market - https://www.globenewswire.com/news-release/2021/12/09/2348772/0/en/Aircraft-Micro-Turbine-Engine-Market-to-Generate-75-9-Million-in-2030-Allied-Market-Research.html

Military Antenna Market - https://www.globenewswire.com/en/news-release/2022/11/10/2553042/0/en/Military-Antenna-Market-to-Garner-6-7-Billion-by-2031-Allied-Market-Research.html

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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This release was published on openPR.