Research Methodology on Less Lethal Ammunition Market
The research study of the Less Lethal Ammunition market was conducted in two stages. In the first stage, Market Research Future (MRFR) used historical data to gain an understanding of the global less lethal ammunition market and its correlation with the global security services market from 2023-2030. The study includes an analysis of the market dynamics, including the key trends, drivers, restraints, opportunities, and challenges that affect the global market. We adopted primary and secondary methods for carrying out in-depth surveys.
Secondary Research & Primary Research
Secondary research is conducted to gain an understanding of the market landscape and to identify current developments in the global less lethal ammunition market. A comprehensive review of existing studies, journals, articles, and databases from several public and private publishers and websites was conducted. The data is used to identify opportunities and threats, trends, and market drivers in the global less lethal ammunition market.
In the second stage, the MRFR team adopted a primary-driven approach to conduct market research. This involves research through interviews with key opinion leaders and stakeholders, who are chosen based on their level of expertise in the global less lethal ammunition market. Verified responses were collected through in-depth interviews and a scheduled questionnaire.
Research Strategy
MRFR adopted a triangulation research strategy to analyze and forecast the global less lethal ammunition market. A three-point analysis of market drivers, restrictions, and opportunities is conducted. The following research methodology is adopted to analyze and forecast the less lethal ammunition market demand in each region.
- Desk research – This includes industry documents such as press releases and sustainability reports, media publications, and internal company databases and databases of industry trade associations.
- Primary research – This includes interviews with key opinion leaders and stakeholders such as industry experts, subject matter experts, company executives and sellers, customers, and distributors. A structured questionnaire is used to ensure consistency in answers.
- Secondary research – This includes market size estimations and projections through data triangulation, cross-referencing, and validation with industry sources.
Data Collection, Analysis & Forecasting
The data collected from primary and secondary sources is validated through expert validation and checked for accuracy and consistency. Once collected, the data is analyzed and organized in tabular and graphical formats for ease of interpretation. MRFR used a combination of bottom-up and top-down approaches to estimate the market size for each segment of the less lethal ammunition market.
Bottom-up methods began by estimating the smaller segments, such as product types and regions. Based on their respective CAGRs, the market size for the base year 2022 is estimated for each product type and region. These estimates were aggregated and further validated using top-down analysis to determine the overall size of the less lethal ammunition market estimated for the forecast period 2023 to 2030.
Types of Data Sources
MRFR used the following types of data sources to collect and analyze the data in this report:
Secondary sources: Primary sources collected from trusted and renowned sources such as industry magazines and scientific journals, peer-reviewed studies by leading industry associations, and authentic government websites and open data sources.
Primary sources: MRFR included data collected through primary research interviews with subject matter experts, industry veterans, and company representatives. Interviews included key opinion leaders with the right level of knowledge and involved stakeholders with expertise in the less lethal ammunition market.