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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.
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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.
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