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Global Non-Lethal Weapons Market to Grow at a CAGR of 7.5% During 2022-2027, Aided by Increase in Military Budgets to Ensure Law and Order

According to a new report by EMR titled, ‘Global Non-Lethal Weapons Market Report and Forecast 2022-2027’, the global non-lethal weapons industry attained a value of about USD 7.53 billion in 2021. The market is further expected to grow at a CAGR of 7.5% during the forecast period of 2022-2027 to reach approximately USD 11.62 billion by 2027.

North America holds a significant share in the overall market growth of non-lethal weapons due to stringent regulations regarding law and order in the United States of America. The government spending to ensure law and order in the country generates robust opportunities for market players to expand their production and contribute to market growth. In addition, the adoption of the latest technology in the North American region to ensure high-quality operations is further augmenting the market in the region. Apart from this, owing to existing and increasing territorial conflicts in the Asia Pacific region among countries like India, Pakistan, and China, among others, are providing impetus to the market growth of non-lethal weapons. In addition, non-lethal weapons are used to avoid casualties and property damage in unlawful operations. Thus, these factors are significantly contributing to the market growth.

In July 2021, Axon Enterprise, Inc. (NASDAQ: AXON), a global leader in the market for non -lethal weapons, announced that its 4,482 TASER CEDs would be deployed to Italian forces by the end of the year. The taser technology is equipped with double-sot technology, featuring a backup shot and warning arc to increase voluntary surrenders. In addition, the dual laser technology enables enhanced accuracy by allowing the user to see exactly where the top and bottom probes will hit the target. The static-resistant TASER smart cartridge is more accurate and durable than a standard cartridge, increasing reliability and lowering the risk of accidental discharge. The company’s expansion in the European region of Italy is anticipated to provide growth to the company. Such innovations and expansions by the non-lethal weapons industry market leaders significantly contribute to the overall market growth.

Market Analysis by End-User, Product, Technology, and Region:

  • Based on end-users, the market can be divided into law enforcement and the military.
  • Based on the product, the market can be segmented into direct contact non-lethal weapons and directed energy weapons.
  • Based on technology, the market can be categorised into electromagnetic non-lethal weapons, mechanical and kinetic non-lethal weapons, and chemical non-lethal weapons, among others.
  • The regional markets include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Key Findings of the Report:

  • The growth can be attributed to the rise in deployment of non-lethal weapons for managing unlawful chaos without causing fatalities and damaging properties.
  • Rising investments by the government to produce non-lethal weapons due to expanded military budgets given national security are propelling the industry's growth.
  • Technological advancements, including high-power microwave weapons and advanced portable lasers for various military applications, are invigorating the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the non-lethal weapons industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for end-users, products, technologies, and major regions of non-lethal weapons.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global non-lethal weapons market are Axon Enterprise, Inc., Genasys Inc., Combined Systems, Inc., Amtec Less Lethal Systems Inc., and Nonlethal Technologies, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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