Global Non-Lethal Weapons Market report published by Accurize Market Research forecast that the global market is expected to reach $6 billion by 2024; growing at a CAGR of 6.1% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Growing demand for crowd control weapons and increasing military expenses by countries to drive the growth of the market
Growing demand for crowd control weapons, assumption of technologically enhanced product developments, and increasing military expenses by countries fuel the demand for the global non-lethal weapons market. Moreover, deployment of military in non-combat regions also boost the growth of the market.
The global non-lethal weapons market has been bifurcated on the basis of products, technology, application and geography. By product, the global non-lethal market is further segmented into directed energy weapons, conducted energy weapons, gases and sprays, water weapons, and explosives. By technology, the market is segmented as mechanical and kinetic, chemical, acoustics, electromagnetic, and others. By application, the market is categorized into military, law enforcement agencies, and civilians.
By geography the market is segmented into U.S., UK, Germany, China, and Australia.
“Explosives accounted for the largest market share in the products segment”, says Accurize
By products segment, explosives accounted for the leading market share in 2017, and are estimated to continue its dominance during the forecast period 2017-2025. Mechanical and kinetic lead the technology segment in 2017.
“North America dominated the global market with the highest market share over the forecast period”, says Accurize
In 2017, North America accounted for the major market share of 33.8% in 2017, owing to its popularity in U.S. which is the world’s largest market for non-lethal weapons. Europe accounted for the second largest market share of 28.5%. In terms of growth, Asia-Pacific is anticipated to attain the fastest CAGR of 6.9% during the forecast period 20176-2025, owing to the repeated civil unrests and anti-state activities occurring in the countries such as Brazil, Egypt, Turkey, and Kenya.
Top players in the market
The key market players include BAE Systems Plc, The Raytheon Company, The Boeing Company, TASER International Inc., Condor Non-Lethal Technologies, Combined Systems Inc., Lamperd Less Lethal, Inc., LRAD Corporation, General Dynamics, and Herstal SAamong others.