ID: MRFR/A&D/0845-CR | 103 Pages | Author: Sejal Akre | October 2016
Non-Lethal Weapons Market Size is anticipated to reach USD 5.65 Billion by 2028, registering a CAGR of 8.2% during 2019-2028.
Non-lethal weapons market was projected to have been valued at a market sum of USD 5.65 billion during the historic forecast period that had ended in 2019.
The market is expecting excellent growth in the market trends that are likely to lead the market towards an excellent revenue figure that accounts for USD 8.37 billion during the ongoing forecast period of 2021-2028. The Non-lethal weapons market is likely to attain this sum at a CAGR of 8.2% that will be ending in 2028.
Non-lethal weapons, as a part of the market, are also known and understood to be having a less lethal degree in weapons. Unlike lethal weapons, these weapons can cause casualties. Also, non-lethal weapons are recognized for being used to reduce the degree of fatalities to a considerable extent. These market weapons have been specifically designed for causing temporary harm or injury to any person. Non-lethal weapons are mainly being used for carrying functions like crowd dispersion, controlling civil wars, and others like controlling illegal protests against the governments and their orders to maintain law and order in the market premises during the forecast period that will be ending in 2028.
The pandemic has been a challenging time for the non-lethal weapons industry aiming for growth in the forecast period. Also, the trends suggest that the declining defense budgets of advanced economies are further, challenging the ability of the Non-lethal weapons Market to produce and propel as per the predictions for the period ending in 2028. However, the market is expected to overcome the losses and emerge as a prominently growing market in the period of 2021-2028.
The non-lethal weapons market share is predicted to increase at a good market value during the ongoing forecast period of 2021-2028. The Non-lethal weapons market trends exhibit that there has been an increase in the degree of political disputes and civil unrest which is giving rise to the demand and use of these weapons to calm the feeling and maintain peace, harmony, and brotherhood. Also, the market has been witnessing the militarization of law enforcement agencies that will be helpful for the market to propel and reach the expected revenue figures for the forecast period that is predicted to be ending in 2028.
There are stringent environmental and governmental regulations that are likely to give rise to restraints and thus, bar the market from expanding.
The Increasing research and development followed by the increasing defense expenditures of emerging economies are likely to help the market strive for competition and expansion in the period that will end in 2028.
The non-lethal weapons market report has been created covering various competitive aspects and further, covers the forecasts of the non-lethal weapons market and its dynamics over the next five years, as a part of the forecast period that will be ending in 2028. The market report also helps in recognizing the market application gaps, and further points like evolving technologies, recent developments undertaken in the market followed by the high potential exhibited by the geographic regions and countries.
The non-lethal weapons market report has been curated to understand the rising needs of the target audience and further, discuss the basis of the Non-lethal weapons market segmentation. The report discusses the potential of the market segments to meet the needs and further, help the market in expanding the revenue and sales quantum of the market in the scenario.
The market report aims to help take the investment decisions of the investors and buyers by considering the factors that are giving rise to the market competition. The report also helps to understand the recent developments that have been undertaken during the forecast period ending in 2028 to know the prominent steps like mergers, acquisitions, joint ventures, and much more.
The non-lethal weapons market size is likely to propel based on the predictions that have been laid for the forecast period ending in 2028 by the industry experts and business chiefs. The market segmentation help in understanding the developing ability of the market to help the operations reach the expected revenue scales for the ongoing forecast period. The basis of the non-lethal weapons Industry segmentation is as follows:
Based on the end-user industry The non-lethal weapons market has been segmented based on the end-user industry and is inclusive of both military and law enforcement that is emerging as the major demand groups for the market products and services.
Based on the product types
The product type segment of the non-lethal weapons market share is inclusive of both direct contact weapons and directed energy weapons
Based on the market technology
The non-lethal weapons market has been segmented based on technology and includes market developments like electromagnetic, mechanical, and kinetic, alongside others like chemicals.
The North American market is estimated to account for the largest share during the review period that is likely to be ending in 2028. The North American region in this report includes the US and the Canadian market. The non-lethal weapons market trends show that there has been a rising focus by the U.S. Department of Defense (DOD) on the large-scale development of less-lethal weapons.
These weapons include some like PHASR Rifle, which has gained momentum in recent years. It has been recorded to have resulted in the market witnessing a significant surge in demand, in this region, especially during the forecast period that is likely to be ending in 2028. Moreover, the US market is emerging as the single largest market for non-lethal weapons in the region which is emerging as one of the most prominent reasons for the market growth. The law enforcement bodies are expected to be largely using non-lethal weapons to control violent crimes in the country.
The non-lethal weapons market trends are propelling in the international market premises which is a result of the recent developments that have been undertaken by the prominent players of the market that are mentioned as follows:
The rising investments in the market segments are helping in improving the quality of the segment products and further, enhancing their ability to meet the rising needs of the target audience especially during the forecast period that will be ending in 2028. In 2017, The law enforcement segment had been accounted to emerge and grow as the largest market share as these organizations are mostly ordered for processes like restraining, subduing, or incapacitating the threat that is associated rather than neutralizing the same.
The APAC region, as a part of the non-lethal weapons market share, of expected to exhibit the highest degree of growth rate in the non-lethal weapons market operations during the historic forecast period that had ended in 2019. The market is likely to carry similar trends and hence, the APAC region is likely to register a prominent market growth. The Asian-Pacific market is expected to grow at the highest CAGR because of the measures that have been taken by several Asia-Pacific countries such as India, China, Australia, South Korea, and others benefitting the market size during the period.
The directed energy weapons market segment is likely to be growing at a higher market CAGR in comparison with the direct contact weapons due to rising advancements and developments in laser technologies followed by microwave-based weapons, such as active denial systems or ‘pain ray’ weapons. This will help propel the market size during the ongoing forecast period of 2021-2028.
Non-Lethal Weapon producers, dealers, and manufacturers
Component demand groups, sellers, and providers
Ammunitions producers and manufacturers
Defense companies and organizations
Research firms and institutions
Regulatory companies and bodies
The non-lethal weapons market report has been prepared to understand the impact of the pandemic on the functioning of the market since 2020. The market report aims to provide in-depth market intelligence and prominent factors regarding the operations conducted under the head of the non-lethal weapon market.
The report further considers the emergence of major factors, including opportunities, drivers, restraints, opportunities, and challenges that may influence the predicted growth of the market during the forecast period that will be ending in 2028. It also aims to provide an in-depth and detailed market analysis of micro markets concerning the individual degree of Non-lethal weapons growth trends, growth prospects, and their contribution to the overall market in the form of recent developments.
The US is estimated to be the largest market for non-lethal weapons. Besides, the US has the highest ratio of civil ownership of guns, which can aid in the regional market expansion.
Militarization of police forces, growing unrest in various countries, and increasing border tension are anticipated to underpin the market expansion during the review period.
The global non-lethal weapons market is anticipated to acquire significant market value during the review period.
The global non-lethal weapons market is expected to expand at a notable CAGR during the forecast period.
Amtec Less-Lethal Systems, Inc. (the US), Lamperd Less Lethal Inc. (Canada), Nonlethal Technologies, Inc. (the US), and Axon Enterprise, Inc. (US) are some of the eminent players in the global non-lethal weapons market.
Key Questions Answered
Why Choose Market Research Future?