Press release
Less Lethal Ammunition Global Market Report 2024 - By Trends, Size, Share, Trends, Forecast To 2033
The Business Research Company offers in-depth market insights through Less Lethal Ammunition Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The less lethal ammunition market size has grown strongly in recent years. It will grow from $1.03 billion in 2023 to $1.08 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to civil rights movements and protests, law enforcement requirements, tactical and military operations, public pressure and advocacy, awareness of human rights.
The less lethal ammunition market size is expected to see strong growth in the next few years. It will grow to $1.33 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to global security concerns, urbanization and population growth, ethical and humanitarian considerations, risk mitigation strategies, international conflict resolution efforts. Major trends in the forecast period include training integration and simulation, humanitarian and peacekeeping applications, innovative safety feature, enhanced effectiveness and accuracy.
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Market Segmentation:
The less lethal ammunition market covered in this report is segmented -
1) By Type: Rubber Bullets, Bean Bag Rounds, Plastic Bullets, Paintballs
2) By Weapon Type: Shotguns, Launchers, Other Weapon Types
3) By Application: Military, Law Enforcement, Other Applications
Major Driver - Less Lethal Ammunition Market Growth Fueled By Escalating Crime
The increasing crime cases are expected to propel the growth of the less lethal ammunition market going forward. Crime refers to unlawful activities or behaviours 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. For instance, in March 2023, according to a report issued by the Federal Bureau of Investigation, a US-based law enforcement agency, hate crime incidents increased 11.6% from 8,120 in 2020 to 9,065 in 2021. Therefore, increasing crime cases are driving the growth of the less lethal ammunition market going forward.
Competitive Landscape:
Major companies operating in the less lethal ammunition market report are Rheinmetall AG, ALS Technologies, Axon Enterprise Inc., Remington Arms, Smith & Wesson, SIG Sauer, FN Herstal, Heckler & Koch, Companhia Brasileira De Cartuchos (CBC), Colt's Manufacturing Company LLC, Safariland, Glock Ges.m.b.H, Beretta, ISPRA Ltd., Combined Systems Inc., Savage Arms, Byrna Technologies Inc., Mossberg, Security Equipment Corporation, Federal Ammunition, PepperBall Technologies Inc., Lrad Corporation, Sage Control Ordnance Inc., Nonlethal Technologies Inc., Mace Security International Inc., Benelli, Lightfield Ammunition Corporation, Security Devices International Inc.
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Top Trend - Training And Simulation Solutions Resonate In Less-Lethal Ammunition
Training and simulation solutions have emerged as the key trend gaining popularity in the less-lethal ammunition market. 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.
The Table Of Content For The Market Report 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. Less Lethal Ammunition Market Size And Growth
…..
27. Less Lethal Ammunition Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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