Non-Lethal Weapons Market worth 8.37 Bn USD by 2020
The report, now available on ASDReports, "Non-lethal Weapons Market by End User (Military, Law Enforcement), Product Type (Direct Contact Weapons, Directed Energy Weapons), Technology (Electromagnetic, Mechanical & Kinetic, Chemical & Others) & Region - Global Forecast to 2020", The non-lethal weapons market is estimated to reach USD 8.37 Billion by 2020, at a CAGR of 8.2% from 2015 to 2020. This growth can be attributed to rising political disputes and civil unrest, along with the increasing trend of militarization of law enforcement agencies, globally.
Law enforcement segment to dominate the non-lethal weapons market, among end users
Law enforcement plays a vital role in the protection of right to life, safety and security of a person. The increasing demand for non-lethal weapons has resulted in the growth of the law enforcement segment at a comparatively higher CAGR during the forecast period, primarily owing to huge investments made by major players for the development of non-lethal weapons in applications such as riot control, cross border control, and many others.
Non-Lethal Weapons Market - Global Forecast to 2020
The directed energy weapons market projected to grow at the highest during the forecast period
The directed energy weapons are subsegment of product type of non-lethal weapons. This market is projected to grow at the highest CAGR during the forecast period due to development of advanced technologies such as active denial systems (ADS) or “pain ray” by major market players in the Asia-Pacific and North American regions. The demand for laser-equipped weapons has increased to control riots and cross border trespassing, primarily as these weapons have the ability to disperse larger crowds and offer more efficiency in riot control operations, in comparison with direct contact weapon technologies (tear gas, rubber bullets, smoke grenades, and so on).
Asia-Pacific & the Middle East to be the opportunistic markets for non-lethal weapons business
The global non-lethal weapons market is dominated by North America, as of 2015, owing to technological advancements, and rising incidences of terrorism and civil unrest in the region. However, the Middle East and Asia-Pacific regions are expected to witness the highest growth in the global non-lethal weapons market in the coming years, with the Asia-Pacific market projected to grow at the highest CAGR during the forecast period from 2015 to 2020. This rapid growth of the Asia-Pacific market can be attributed to innovative technology solutions for non-lethal weapons and aiming to manufacture them at the lowest possible cost. The Asia-Pacific market is driven mainly by increasing investments in China, South Korea and India for the development of multifunctional non-lethal weapons in military as well as law enforcement applications.
The major players in this market have been identified to be Taser International Manufacturing Company (U.S.), Combined Systems Inc. (U.S.), The Safariland Group (U.S.), Condor Non-lethal Technologies (Brazil) and many others.
The report segments and analyzes the non-lethal weapons market on the basis of product type (direct contact weapons, directed energy weapons), end-user (military, law enforcement), and technologies (electromagnetic, mechanical and kinetic, chemical and others) and maps these segments and subsegments across major regions of the world, namely, North America, Europe, Asia-Pacific, the Middle East, Latin America, and Africa.
Source : ASDReports - Market Research - view original press release
May 4 - 5, 2017 - Washington, United States