Wednesday, May 10, 2017

Demand for Non-Lethal Self-Defense Weapons is Exploding

Factors such as militarization of law enforcement agencies, polarization of civilians and driving maximum efficacy and minimum liability, among others are directly influencing the non-lethal weapons market.

The global non-lethal weapons market is projected to grow from USD 5.65 Billion in 2015 to USD 8.37 Billion by 2020, at a CAGR of 8.2% during the forecast period.

Get complete case study (PDF) here:

The global non-lethal weapons market is a highly dynamic and high-potential market for several reasons. The volatile dynamics of this market can be attributed to the changing geo-political dynamics of the global economy as well as the increasing incidences armed conflicts, violence, and terrorism, among others.

For instance, the Middle East, North Africa, and South Asian regions have been identified to be high-potential markets for non-lethal weapons, owing to the exponential growth in demand from these regions in recent years.

The Asia-Pacific region is expected to exhibit the highest growth rate in the non-lethal weapons market, and is projected to grow at the highest CAGR during the forecast period from 2015 to 2020. The Asia-Pacific market is expected to grow at the highest CAGR because several Asia-Pacific countries such as India, China, Australia, South Korea, and others have focused on production of non-lethal weapons for military and law enforcement application, such as border control, riot control, and de-escalations use in one-on-one conflict, among others.

The growth of the non-lethal weapons market may, however, be affected by certain major restraints in the coming years. These factors include stringent environmental and governmental regulations, and declining defense budgets of advanced economies, among others.

The key players operating in the global non-lethal weapons market have been identified to be Taser International Manufacturing Company (U.S.), Combined Systems Inc. (U.S.), The Safariland Group (U.S.), and Amtec Less Lethal Systems Inc. (U.S.) and Condor Non-lethal technologies (Brazil), among others. Long-term contracts, and mergers and acquisitions are the major growth strategies adopted by the major players to strengthen their position in the non-lethal weapons market, while also enhancing their product offerings.

For more details, download this free sample report:

No comments:

Post a Comment