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Global Non-Lethal Biochemical Weapons Market Comprehensive Study: Forecasted Market Size And Growth Rate | Lamperd Less Lethal Inc., BAE Systems Inc., QinetiqGroup Inc., General Dynamics Corporation
Non-Lethal Biochemical Weapons Market Characteristics
The Business Research Company offers in-depth market insights through Non-Lethal Biochemical Weapons 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 non-lethal biochemical weapons market size has grown strongly in recent years. It will grow from $1.98 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to impact of historical incidents, cost and availability, public perception and acceptance, geopolitical factors, ethical and moral concerns, regulatory frameworks..
The non-lethal biochemical weapons market size is expected to see strong growth in the next few years. It will grow to $3.08 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to increasing demand, ethical considerations, learnings from previous incidents, public perception, cost-efficiency.. Major trends in the forecast period include innovative research and development, increased demand for civilian use, environmental and health concerns, integration of ai and robotic, market liberalization..
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Market Segmentation:
The non-lethal biochemical weapons market covered in this report is segmented -
1) By Product Type: Directed Energy, Direct Contact
2) By Operation Type: Defensive, Offensive, Genetic Attack
3) By End User: Military Forces, Law Enforcement Agencies
Major Driver - Surge In Military Expenditure Boosts Growth In Non-Lethal Biochemical Weapons Market
Increasing military expenditure is expected to propel the growth of the non-lethal biochemical weapons market going forward. Military expenditure is the amount spent on weapons, weapons systems, operations, maintenance, personnel, and other specific military equipment. Government spending on the military would support the development of various aspects of the military market including non-lethal biochemical weapons. For instance, in December 2022, according to the European Defense Agency, a Europe-based defense agency, member states are spending a record amount of $53.4 USD billion (€52 billion) on the purchase of defense equipment, a rise of 16% compared to 2020. Further, total European defense spending reached a new high of $228.6 USD billion (€214 billion), up 6% from 2020 and continuing a seven-year trend of expansion. Therefore, increasing military expenditure is driving the non-lethal biochemical weapons market.
Competitive Landscape:
Major companies operating in the non-lethal biochemical weapons market report are Lamperd Less Lethal Inc., BAE Systems Inc., QinetiqGroup Inc., General Dynamics Corporation, TASER International Inc., Raytheon Company, Chemring Group plc, Textron Systems Corp., ALS Less-Lethal Systems Inc., ASP Inc., Combined Systems Inc., Condor Non-Lethal Technologies, ISPRA by Ei Ltd., Rheinmentall AG, Safariland LLC, Zarc International Inc., Genasys Inc., Axon Enterprise Inc., Bruzer Less Lethal, PACEM Solutions International, Mace Security International Inc., Fabrique Nationale Herstal, Mission Less Lethal Technologies, NonLethal Technologies Inc., Herstal SA, LRAD Corporation, PepperBall Technologies Inc., AMTEC Less-Lethal Systems Inc., Byrna Technologies Inc., UTS United Tactical Systems LLC, Fiocchi Munizioni S.p.A., RUAG International Holding Ltd. .
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Top Trend - Advancements In Non-Lethal Biochemical Weapons Transform Security Measures
Development in non-lethal weapons is a key trend gaining popularity in the non-lethal biochemical weapons market. Major companies operating in non-lethal biochemical weapons are developing innovative weapons to sustain their position in the market. For instance, in October 2021, Apasteron Pvt. Ltd, an India-based company operating in non-lethal weapons is developing non-lethal weapons for the Indian army to tackle Chinese soldiers. Vajra, Trishul, and sapper punch are three weapons that are developed that offer more security by tasing and blocking the vehicles of the enemy and also act as a protective glove.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Non-Lethal Biochemical Weapons Market Characteristics
3. Non-Lethal Biochemical Weapons Market Trends And Strategies
4. Non-Lethal Biochemical Weapons Market - Macro Economic Scenario
5. Non-Lethal Biochemical Weapons Market Size And Growth
…..
27. Non-Lethal Biochemical Weapons Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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