Friday, January 27, 2017

The Growth Of Non-Lethal Weapons Market worth 8.37 Billion USD by 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.

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This report covers forecasts of the non-lethal weapons market and its dynamics over the next five years, while also recognizing market application gaps, evolving technologies, recent developments in the market and high potential geographic regions and countries. The non-lethal weapons market has been analyzed on the basis of end user (including military and law enforcement), product type (direct contact weapons, directed energy weapons), and technology (electromagnetic, mechanical & kinetic, chemical, others), considering 2014 as the base year and forecast period of 2015 to 2020.

Demand/Increasing defense expenditures of emerging economies, such as China, India, South Korea, and Turkey, among others, are expected to offer several growth opportunities to the stakeholders of the non-lethal weapons market space. This, combined with the increase in research and development in the field of non-lethal weapons, is expected to propel the growth of the non-lethal weapons market during the forecast period.

The ecosystem of the non-lethal weapons market comprises of raw material suppliers, manufacturers, distributors, and end users. The key end users of the non-lethal weapons market are law enforcement sector, followed by military. Some of the key players of the non-lethal weapons market include Taser International Manufacturing Company (U.S.), Combined Systems Inc. (U.S.), and The Safariland Group (U.S.), among others.

These players are adopting strategies such as new product developments, long-term contracts, and business expansion to strengthen their positions in the global non-lethal weapons market. They are also focusing on developing new products by investing considerable amounts of their revenues in R&D to introduce advanced technologies with higher precision, large range capabilities and reduced weight.

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