North America Dominates the Major Market Share in Global Non-Lethal Weapons Market

 Priya Sharma
  27th-Sep-2017
 619
HWO_1506516706_1.jpg Variant Market Research

Global Non-Lethal Weapons Market Report, published by Variant Market Research, forecast that the global market is expected to reach $6 billion by 2024 from $4 billion in 2016, growing at a CAGR of 6.2% from 2016 to 2024. By geography, Asia Pacific and Europe are expected to grow at a CAGR of 6.9% and 6.5%, respectively, during the forecast period.

Some of the major aspects driving the global non-lethal weapons market are upsurge in demand for crowd control weapons, increasing research & development activities, evolution of technically enhanced product developments, and increasing military spending by countries. Also, deployment of military in non-combat zones is also supporting the market from growing. Though, high price of non-lethal weapons may decline the growth. However, improvement in several scientific fields, such as electronics, chemicals, computers, electromagnetic, and acoustics would unfold lucrative growth opportunities for the market in the upcoming years.

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The classification of global non-lethal weapons market is given as products, technology, and application. Classification by product includes, explosives, conducted energy weapons, directed energy weapons, water weapons, and gases & sprays. By technology, the market is further classified as chemical, mechanical and kinetic, electromagnetic, acoustics, and others. By application, the market is categorized into law enforcement agencies, military, and civilians. Furthermore, by product type, explosives dominated the market with largest share in 2016, and is predicted to endure its dominance in the forecast period i.e. 2016-2024. Also, mechanical and kinetic dominated the technology segment in the year 2016.

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North America, Europe, Asia-Pacific and Rest of the world (RoW) are the major geographical classification of global non-lethal weapons market. North America occupied the largest market share of 33.8% in 2016, due to its popularity in U.S. which is the world’s prime market for non-lethal weapons. Whereas, Europe occupied the second largest market share of 28.5% in 2016. In terms of growth, Asia-Pacific is likely to achieve the fastest CAGR of 6.9%, in the forecast period, driven by the repeated civil conflicts and anti-state goings-on occurring in the countries such as Egypt, Brazil, Turkey, and Kenya.

The major players in the market include The Raytheon Company, General Dynamics, The Boeing Company, BAE Systems Plc, Lamperd Less Lethal, Inc., TASER International Inc., Combined Systems Inc., and LRAD Corporation, among others.

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Scope of Non-Lethal Weapons Market

Products Type Segment

  • Directed energy weapons
  • Conducted energy weapons
  • Gases and sprays
  • Water weapons
  • Explosives

Technology Type Segment

  • Mechanical and kinetic
  • Chemical
  • Acoustics
  • Electromagnetic
  • Others

Application Type Segment

  • Military
  • Law enforcement agencies
  • Civilians

Geographical Segments

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Others
  • RoW
    • South America
    • Middle East
    • Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise is data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

For further information, visit https://www.variantmarketresearch.com
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Domain: Business
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Posted By: Priya Sharma and Contact Priya Sharma

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