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Rise in Military Expenditure and Surge in Demand for Crowd Control Weapons Shall Boost the Global Non-Lethal Weapons Market

07-10-2017 09:02 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Variant Market Research

Variant Market Research

Variant Market Research

Global Non-Lethal Weapons Market Report, published by Variant Market Research, forecast that the global market is expected to reach $6 billion by 2024 from $4 billion in 2016, growing at a CAGR of 6.2% from 2016 to 2024. By geography, Asia Pacific and Europe are expected to grow at a CAGR of 6.9% and 6.5%, respectively, during the forecast period.
The global non-lethal weapons market is majorly driven by factors such as, adoption of technologically enhanced product developments, increasing demand for crowd control weapons, and rising military expenditure by countries. Furthermore, deployment of military in non-combat zones has also boosted the market growth. However, high price of these weapons is anticipated to hinder the market growth. Moreover, advancement in various scientific fields, such as computers and acoustics chemicals, and electronics would provide several growth opportunities for the global non-lethal weapons market in the near future.
Browse Complete Report @ https://www.variantmarketresearch.com/report-categories/defense-aerospace/non-lethal-weapons-market
The global non-lethal weapons market is categorized by product type, technology, and application. By product type, the segmentations include directed energy weapons, gases and sprays, conducted energy weapons, water weapons, and explosives. By technology, the market is bifurcated as chemical, mechanical and kinetic, acoustics, electromagnetic, and others. By application, the market is segregated into military, civilians and law enforcement agencies. In 2016, by product type, explosives accounted for the largest market share, and are expected to continue its dominance during the forecast period 2016-2024. Mechanical and kinetic dominated the technology segment in 2016. Geographically, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
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In 2016, North America accounted for the largest market share of 33.8%, due to its increased popularity in the U.S. which is the world’s largest non-lethal weapons market. Europe accounted for the second largest market share of 28.5%. Asia-Pacific is to attain the fastest CAGR of 6.9% during the forecast period 2016-2024, driven by repeated civil unrests and anti-state activities occurring in the countries such as Brazil, Turkey, Egypt, and Kenya.
The major key players operating in the market comprise, The Raytheon Company, General Dynamics, TASER International Inc., BAE Systems Plc, Lamperd Less Lethal, Inc., The Boeing Company, LRAD Corporation, and Combined Systems Inc., among others.
About Variant Market Research:
Variant Market Research LLP was delineated in 2015 and to launch our business and website it grabbed more than a year. Our head office is based in Pune and we also have branch in San Francisco, California, the U.S. The long time was generally used to build up a talented team of experienced professionals and analysts, to generate client satisfying exact market analysis data. The company aims to be a specialist in delivering reports on various domains with precise analysis, keeping a virtuous relationship with our consumers. Our vision says, "We would like to grow with you, making your paths simpler yet solidest" and our mission is to "Implementing our analytical, technical and marketing skills to set a new goal for our consumers, dedicatedly helping them take their next strategic moves."
The Co-founders of Variant Market Research: M/S Shweta Shubham and Mr. Yogesh Godse are keen to provide services across aforementioned domains helping them to take their strategic moves regarding their business and providing them the growth opportunities. The Co-founders say, "We believe in providing the future solutions for your business, exploring the current market trends and suggesting you the future strategies and forecast of a particular market that could keep your company ahead in the competitive market rivalry." We hold expertise in our designated areas of research and consulting with a team of experts from each of the dedicated areas covered under our research. Destined by the dedicated team of analysts and experts, we are envisioned to provide you our best in order to plan your next strategic move and take your company's future ahead with our support and your esteemed cooperation.

Variant Market Research LLP was delineated in 2015 and to launch our business and website it grabbed more than a year. Our head office is based in Pune and we also have branch in San Francisco, California, the U.S. The long time was generally used to build up a talented team of experienced professionals and analysts, to generate client satisfying exact market analysis data. The company aims to be a specialist in delivering reports on various domains with precise analysis, keeping a virtuous relationship with our consumers. Our vision says, "We would like to grow with you, making your paths simpler yet solidest" and our mission is to "Implementing our analytical, technical and marketing skills to set a new goal for our consumers, dedicatedly helping them take their next strategic moves."

For information, contact:
VARIANT MARKET RESEARCH LLP
Web: https://www.variantmarketresearch.com/
649 Mission St.,
5th Floor, San Francisco,
CA 94105, United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786
Email: help@variantmarketresearch.com

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