The report on the Non-Lethal Weapons Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2022-2028. The report also offers insights into different market segments and other factors affecting the market.
The non-lethal weapons market was estimated at US$ 7.5 Billion in 2021 and is expected to grow at a CAGR of 7.7% during 2022-2028 to reach US$ ~12.3 Billion in 2028.
Non-lethal weapons are acknowledged and understood to have a less terminal degree in weaponry as a component of the worldwide market. These weapons, unlike deadly weapons, can result in casualties. Non-lethal weapons are also acknowledged for significantly reducing the number of deaths. These market weapons are meant to cause momentary hurt or injury to anyone. During the forecast period, which will conclude in 2028, non-lethal weapons are mostly used for crowd dispersal, suppressing civil conflicts, and other purposes such as controlling unlawful protests against governments and their directives to maintain law and order in the worldwide market premises.
The market's growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.
COVID-19 IMPACT on the Market-
The COVID-19 pandemic has influenced almost all the industries, little or large, dealing in any sector.
The growth curves of Non-Lethal Weapons market have witnessed enormous ebb and flows in the year 2020. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2021 is probably going to be superior to 2020 for the Non-Lethal Weapons market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.
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The Cornerstones in the market-
Listed below are the top key players that dominate the Non-Lethal Weapons market –
- Armament Systems & Procedures Inc (US)
- Amtec Less-Lethal Systems Inc. (US)
- Lamperd Less Lethal Inc. (Canada)
- Mission Less Lethal Technologies (US)
- Combined Systems Inc. (US)
- FN Herstal S.A. (Belgium)
- Nonlethal Technologies Inc. (US)
- Axon Enterprise Inc. (US)
- Condor Non-Lethal Technologies (Brazil)
- United Tactical Systems LLC (US)
Market Segments' Analysis
Direct contact weapons and directed energy weapons are included in the non-lethal weapons market share type category.
The non-lethal weapons industry has been divided into technological segments, including market advances such as electromagnetic, mechanical, and kinetic, as well as chemicals.
The end-user industry has split the non-lethal weapons market and includes military and law enforcement as significant demand groups for market items and services.
In terms of regions, North America is likely to maintain its supremacy in the non-lethal weapons market throughout the forecast period. The non-lethal weapons industry trends reveal that the US Department of Defense (DOD) is increasingly focusing on the large-scale development of less-lethal weapons. These weapons include the PHASR Rifle, which has recently gained popularity. It has been reported that this has resulted in a large increase in demand in this region, particularly during the projected period, which is expected to finish in 2028. Furthermore, the US market is growing as the region's single largest market for non-lethal weapons, emerging as one of the most significant causes of market growth. Law enforcement agencies are anticipated to rely heavily on non-lethal weaponry to suppress violent crimes in the country.
Concurrently, the Non-Lethal Weapons market in the Asia Pacific is anticipated to expand at the highest CAGR during the forecast period. The Asia-Pacific region is predicted to demonstrate the greatest growth rate in the non-lethal weapons market operations over the historic forecast period in 2020. The worldwide market is predicted to follow similar patterns, and as a result, the Asia-Pacific region is expected to experience significant market expansion. Because of the steps implemented by various Asia-Pacific nations such as India, China, Australia, and South Korea, the Asian-Pacific market is predicted to develop at the fastest CAGR.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
- Company Profiling
- Detailed profiling of key market players (up to 3 players)
- SWOT analysis of key market players (up to 3 players)
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