Less Lethal Ammunition Market Size, Industry Analysis And Forecast, Report 2024 To 2033

The new report published by The Business Research Company, titled Less Lethal Ammunition Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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 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

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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.

Contents of the report:
1. Executive Summary
2. Less Lethal Ammunition Market Report Structure
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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