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Non-Lethal Biochemical Weapons Industry Expected to Reach $3.2 Billion by 2029 at 8.4% CAGR
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.Non-Lethal Biochemical Weapons Market Value Projection: How Much Will the Market Size by 2025?
The market for non-lethal biochemical weapons has seen a robust growth in recent times. Its expansion is projected to increase from $2.13 billion in 2024 to $2.32 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. The growth witnessed in the historic period can be credited to the effects of historical events, affordability and accessibility, public sentiment and approval, geopolitical aspects, ethical and moral issues, and regulatory policies.
What Will Be the Market Growth Forecat for Non-Lethal Biochemical Weapons in 2029?
Expectations are high for sturdy expansion in the non-lethal biochemical weapons market over the ensuing years. The market is projected to swell to a whopping $3.2 billion by the end of 2029, sustaining an annual growth rate (CAGR) of 8.4%. The uptrend forecasted for the period can be credited to growing demand, ethical contemplations, lessons imparted from past occurrences, public opinion, and cost-effectiveness. The forthcoming period will witness major trends like inventive research and development activities, amplified demand in the civilian sector, rising environmental and health reservations, embedding of AI and robotics, and liberalization of the market.
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What Are the Core Competitive Drivers in the Non-Lethal Biochemical Weapons Industry?
The non-lethal biochemical weapons market's growth is projected to be fueled by escalating military spending. Military expenditure refers to the funds dedicated to the purchase of weapons, weapons systems, operations maintenance, personnel, and other select military gear. Governmental investment in the military aids in the expansion of various sectors within the military market, including non-lethal biochemical weapons. For instance, data from December 2022, as reported by the Europe-based European Defense Agency, showed record defense equipment purchases by member states amounting to $53.4 USD billion (€52 billion), marking a 16% increase from 2020. Additionally, total defense expenditures within Europe hit a new peak at $228.6 USD billion (€214 billion), showing a 6% rise from 2020, and maintaining the seven-year expansion trend. As a result, heightened military spending is propelling the non-lethal biochemical weapons market.
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Which Non-Lethal Biochemical Weapons Market Segment Is Projected to See the Fastest Growth?
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
Subsegments:
1) By Directed Energy: Laser Weapons, Microwave Weapons, Acoustic Weapons
2) By Direct Contact: Chemical Agents, Biological Agents, Riot Control Agents
Which Trends Are Opening New Opportunities in the Non-Lethal Biochemical Weapons Market?
Leading corporations in the non-lethal biochemical weapons market are focusing on the development and introduction of non-lethal pepper bullet guns to improve crowd control methods and offer law enforcement safer alternatives for subduing suspects. The term non-lethal pepper bullet gun refers to a specific type of firearm or launcher designed to fire projectiles packed with a pepper-based irritant, namely oleoresin capsicum (OC), extracted from hot peppers. For instance, in March 2023, a company based in the United States, Guard Dog Security, introduced a non-lethal pepper bullet gun. The system boasts an effective projectile delivery up to a range of 150 feet, ensuring users can keep a safe distance from potential threats. The non-lethal gun has the capacity to fire numerous rounds without the need for frequent reloading which increases its effectiveness in fluid circumstances. It also showcases a quick puncture CO2 system enabling swift firing and simple reloading, thus ensuring that users can act quickly to situations.
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Who Are the Leaders in the Non-Lethal Biochemical Weapons Market?
Major companies operating in the non-lethal biochemical weapons market include Lamperd Less Lethal Inc., BAE Systems Inc., QinetiqGroup Inc., General Dynamics Corporation, 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, 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.
Which Regional Non-Lethal Biochemical Weapons Markets Offer the Greatest Growth Potential?
North America was the largest region in the non-lethal biochemical weapons market in 2024. The regions covered in the non-lethal biochemical weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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