Press release
North America Non-Lethal Weapons Market to Expand at a CAGR of 5.8% 2021
Transparency Market Research (TMR) has published a new report, titled “Non-Lethal Weapons Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”. According to this report, the global non-lethal weapons market will expand at a CAGR of 6.10% during the forecast period from 2015 to 2021. In 2014, the global non-lethal weapons market was worth US$3.2 bn and by 2021, the market is projected to be worth US$4.8 bnThe global non-lethal weapons market is driven by the rising deployment of military forces in non-combat zones. In addition to this, the global non-lethal weapons market is also driven by the adoption of advanced technology in the manufacturing of non-lethal weapons. Furthermore, the rising demand for crowd control weapons to address protests and riots and escalating military expenditures will also propel the market. On the other hand, the global non-lethal weapons market will be constrained by the influence of humanitarian groups against the use of non-lethal weapons and other restrictions imposed by the law.
Product-wise, the global non-lethal weapons market is segmented into explosives (flash grenades and sting grenades), water weapons, gases and sprays (scent-based weapons, pepper spray, tear gas, and others), conducted energy weapons, and directed energy weapons (sonic, laser, and high power microwaves). The global non-lethal weapons market was led by the explosives segment in 2014. The demand for directed energy weapons is projected to witness significant growth in the coming few years.
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Technology-wise, the global non-lethal weapons market is divided into electromagnetic (visible light, electroshock, infrared and ultraviolet, and radiofrequency and microwave frequency), acoustic (infrasound, ultrasound, and audible), chemical (foams and malodorants), mechanical and kinetic (barriers, entanglements, and blunt implant devices), and other technologies (markers and others). Some of the technology segments expected to witness rapid growth are electromagnetic, chemical, and acoustic.
Application-wise, the global non-lethal weapons market is segmented into civilians, law enforcement agencies, and the military. The application of non-lethal weapons by law enforcement agencies is projected to expand at a 6.10% CAGR during the forecast period from 2015 to 2021.
Region-wise, the global non-lethal weapons market is classified into Europe, North America, Asia Pacific, and Rest of the World (RoW). In 2014, North America dominated the global non-lethal weapons market with a share of more than 30% and is projected to continue its dominance in the coming few years. The North America non-lethal weapons market benefits from the growing adoption of high-end weapons systems used to gain an advantage in asymmetric warfare. The U.S. is estimated to be the largest national market in the world for non-lethal weapons and is expected to lead the global market in the foreseeable future. On the other hand, Asia Pacific is projected to progress at the fastest CAGR of 6.80% during the forecasting horizon.
Players in the global non-lethal weapons market will benefit from the growing number of R&D initiatives undertaken by several nations, military modernization projects, and elevated capabilities offerings and broader applications of non-lethal weapons. The key players operating in the global non-lethal weapons market are Chemring Defence, TASER International, BAE Systems, General Dynamics, and FN Herstal.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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