Press release
Global Rise in Less Lethal Ammunition Market: Expected Growth Rate, Key Players, and Emerging Trends
Less Lethal Ammunition Market Share
What Is The Projected Market Size Of The Global Less Lethal Ammunition Market And Its Growth Rate?
The global less lethal ammunition market has been on an upward trend with significant rate of growth projected for the next few years.
•Market size in 2024: $1.06 billion
•Market size in 2025: $1.11 billion (4.9% CAGR)
•Expected market size in 2029: $1.37 billion (5.3% CAGR)
What Is Driving The Growth In The Less Lethal Ammunition Market?
The rise in crime rates worldwide is directly influencing the growth of the less lethal ammunition market. Increasing instances of unlawful activities necessitate a higher requirement of non-lethal alternatives in law enforcement. The Federal Bureau of Investigation, in 2023, reported an approximate 1.3% increase in robberies in the US compared to the previous year. This highlights the growing demand for less lethal ammunition in controlling and managing potential threats while minimizing risk of fatal injuries.
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Who Are the Key Players Driving Less Lethal Ammunition Market Growth?
Notable companies partaking in driving the growth of the less lethal ammunition market include:
•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
What Are The Key Trends In The Less Lethal Ammunition Market?
Key trends in the forecast period include:
•Training integration and simulation
•Humanitarian and peacekeeping applications
•Innovative safety features
•Enhanced effectiveness and accuracy
What Are The Segments Of The Global Less Lethal Ammunition Market?
Less Lethal Ammunition market is categorized based on:
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
Which Region Leads The Less Lethal Ammunition Market?
In 2024, North America held the largest market share in the global less lethal ammunition market. It is expected to maintain its dominant position owing to the adoption of these ammunition in law enforcement agencies. Other regions studied in this report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Less Lethal Ammunition Market Global Market Report?
- Market Size Analysis: Analyze the Less Lethal Ammunition Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Less Lethal Ammunition Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Less Lethal Ammunition Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Less Lethal Ammunition Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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