As the COVID 19 pandemic continues its relentless effect since March 2020 globally, there have been debates about the effectiveness of response strategies about the global non-lethal weapons market 2020. On this, Market Research Future brings in the latest report stating that the market would witness a staggering CAGR of 8% in the period 2020 to 2023.
Non-Lethal Weapons Boomers & Decliners
Rising armed violence and political tensions have resulted in governments worldwide, captivating precautions, and arming the military with non-lethal weapons. Instances of civilian violence and clashes with armed forces in Asia and Europe have led to the deployment of the non-lethal weapons market in the forecasted period.
Technological advancements, in terms of non-lethal weapons, are likely to offer growth opportunities for the market in the years to come. Non-lethal weapons are primarily designed to debilitate human beings to avoid fatalities. These weapons are used as a useful alternative for minimizing casualties in critical situations such as civil unrest, riots situations, self-defense, combat situations, and more.
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Military organizations and law enforcement agencies are prime end-users of non-lethal weapons. The global non-lethal weapons market is driven by surged budgetary expenses for military organizations, mount in the rate of violent crimes, and a high amount of investment in research & development activities for the advancement of non-lethal weapons.
Non-lethal weapons are also considered as adequate substitutes for traditionally used weapons such as grenades, lethal guns, and others. Unremitting innovation and technologically advanced products, such as TASER Pulse by Taser International, Inc., and LRAD 450XL by LRAD Corporation, launched non-lethal weapons that have boosted the development of non-lethal weapons industry in the recent years.
On the contrary, the factors such as stringent weapon laws & safety regulations for civilians, opposition from human rights activists, a mounting number of incidents causing unfavorable effects owing to employ of non-lethal weapons restrict the non-lethal weapons market growth.
The key vendors in Non-Lethal Weapons Market are Axon Enterprise, Inc. (US), Armament Systems & Procedures Inc. (US), FN Herstal, S.A. (Belgium), Condor Non-Lethal Technologies (Brazil), Nonlethal Technologies, Inc. (US), Mission Less Lethal Technologies (US), and United Tactical Systems, LLC (US).
Global Non-Lethal Weapons Market is studied among segments of type, disabling mechanism, and end-user.
By the segment of type, the non-lethal weapons market has included direct contact non-lethal weapons directed non-lethal energy weapons. In the forecast period, the direct energy segment is possible to observe the maximum CAGR as it is more proficient in riot control operations.
By the segment of the disabling mechanism, the market has included irritant chemicals, impact, and intense sound/light.
Furthermore, based on the segment of end-user, the market has included law enforcement and military. In the year 2020, the law enforcement segment grabbed the prevalent market share as these organizations mostly are ordered to restrain, subdue, or incapacitate the threat rather than neutralizing.
North America might predict to grab the largest share during the review period. The focus by the U.S. Department of Defense (DOD) on developing less-lethal weapons such as PHASR Rifle, in recent years, has resulted in the market observing a remarkable surge in demand in this region. Moreover, the US is the single largest market for non-lethal weapons. The law enforcement bodies predominantly use non-lethal weapons to control violent crimes in the country.
However, the augmentation of the Asia-Pacific region will be the highest during the forecast period. With the swelling tensions in the Kashmir Valley and protests all over India, during the past few years, the demand for less-lethal weapons augmented. Occasional riots and civil unrest, such as demonstrations and protests in cities in Eastern China, often in connection with labor-related, environmental, and educational issues, have led to the police forces resorting to the use of non-lethal ammunition, which, collectively, may have an optimistic impact on the growth of the market.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.