Non-Lethal Weapons Market: Remarkable Rate of Technological Advancements and Growing Internal Security Threats drives Demand

Civic Unrests Create Demand for Non-Lethal Weapons

The remarkable rate of technological advancements and growing internal security threats have both created a significant demand for non-lethal weapons. These weapons are readily being procured by the militaries across the globe to modernize their weaponry and arsenal. The demand for non-lethal weapons also stems from the increasing need to control crowds in the war-torn regions of Brazil, Ukraine, India, and Israel. Owing to these reasons, militaries are adopting non-lethal weapons such as directed energy weapons, gases and sprays, conducted energy weapons, explosives, and water weapons. Growing development of lethal weapons that do not compromise on stealth but minimize the collateral damage is also fueling the overall market.

Request a PDF Brochure at http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=5705

According to the latest report published by Transparency Market Research, the global non-lethal weapons market was worth US$3.2 bn in 2014 and is expected to reach a valuation of US$4.8 bn by 2021. The expansion of this market between 2015 and 2021 will be at a CAGR of 6.1%.
The use of non-lethal weapons has been especially beneficial for militaries in maintaining domestic peace, ensuring riot control, and preventing insurgencies. Consumers have also been investing in non-lethal gases and sprays such as pepper sprays for self-defense purposes for merely disarming the assailant and averting a crime.

North America Witnesses Rise in Usage of Non-Lethal Weapons for Self Defense

Evolving warfare tactics have been the primary growth driver for the increasing adoption of non-lethal weapons market in North America. Researchers predict that this regional segment is accepted to rise at a CAGR of 5.8% between 2015 and 2021. The growth in this region will also be attributable to the expansion of law enforcement agencies and the efficient development of non-lethal weapons.

Furthermore, the growing demand from civilians to possess non-lethal weapons for self-defense needs in times of rampant terrorism has also proven to be a key factor driving the global market. The growing military budgets across the North America region and the need to contain unrests with minimal harm to the civilians is also anticipated to boost this market in the near future. The strong presence of manufacturers of non-lethal weapons is yet another important factor responsible for the rise of this market. In the near future, this region witness a significant demand for gases and sprays as civilians are seeking non-lethal weapons to safeguard themselves.

Modernization Programs across Militaries Lead to Adoption of Non-Lethal Weapons

The modernization programs across global militaries and deployment of militaries in non-combat zones have led to a sudden rise in the demand for non-lethal weapons. To keep up with the changing nature of combat, where human shields are becoming a common norm, militaries are opting for non-lethal weapons to prevent permanent damage to human lives. The increasing strength of law enforcement agencies has also created a huge demand for non-lethal weapons. Batons, tear gas canisters, flash grenades, water cannons, acoustic devices, and stun grenades are some of the popularly used non-lethal weapons in the global market.

Some of the leading players operating in the global non-lethal weapons market are General Dynamics Corporation, The Raytheon Company, BAE Systems Plc, Lamperd Less Lethal, Inc., TASER International Inc, Boeing Company, FN Herstal, and Safariland Group. These companies are focusing on product innovation and intensive research and development for the forthcoming years. Companies in developing regions are also anticipated to garner a remarkable share as they will focus on contract manufacturing in the near future.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.