Press release
Non-Lethal Weapons Market Revenue to Boost Cross $12.49 Billion, At a Booming 7.4% Growth Rate by 2028
The global non-lethal weapons industry generated $7.37 billion in 2020, and is anticipated to reach $12.49 billion by 2028, growing at a CAGR of 7.4% from 2021 to 2028.Increase in territorial conflicts across the world and technologically advanced solutions drive the growth of the global non-lethal weapons market. However, increase in number of incidents causing adverse effects of use of non-lethal weapons and government regulations and environmental concerns hinder the market growth. On the contrary, rise in budgetary expenses in military and R&D initiatives are expected to open new opportunities for the market players in the coming years.
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North America dominates the market in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. U.S. dominated the global non-lethal weapons market share in 2020, and Asia-Pacific is expected to grow at a significant rate during the forecast period, due to rise in number of riots and conflicts across several countries in the region. Non-lethal weapons are the weapons that are specifically designed and developed to debilitate or keep away any attacker, and have a low likelihood of injury or fatality, or inactivate equipment, causing a negligible impact on the surroundings. Agents that can be used for making non-lethal weapons comprise calmatives, malodorants, riot control agents (RCAs), and several types of incapacitating chemical agents.
The use of non-lethal weapons has dramatically increased over the years and several claims have been made signifying the usage of these weapons to prevent causalities while handling violent instances across the globe. For instance, in April 2021, the city of Pittsburgh invited bids for less-lethal weapons for the police force. This bid called for the acquisition of thousands of projectile beanbags, dozens of tear gas canisters, hundreds of sponge rounds, as well as other less-lethal weapons.
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The global non-lethal weapons market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2020, accounting for nearly two-fifths of the market. However, the Asia-Pacific is anticipated to register the highest CAGR of 8.5% during the forecast period.
The global non-lethal weapons market includes an in-depth analysis of the prime market players such as ASP, Inc., ALS Less-Lethal Systems, Inc., Condor Non-Lethal Technologies, Combined Systems, Inc., Nonlethal Technologies, Inc., ISPRA by Ei Ltd., Rheinmentall AG, Pepperball Technologies, Inc., Zarc International Inc., and Safariland, LLC.
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