02 January 2020
Visiongain has published a new Defence report entitled Non-Lethal Weapons Market Forecast 2020-2030.
The Non-Lethal Weapons market is estimated to witness a Compound Annual Growth Rate of 5.09 per cent from 2020 to 2030.
Several factors are having a profound, driving effect on the market, notably the ever-growing need to prevent deadly violence, control risks of deterioration or escalation, and seek opportunities to advance peace and security.
Visiongain anticipates that global investment and consolidation will be moderate and stable over the next decade. The market’s good health is due to the factors listed above, as well as the presence of many established companies.
The leading players currently supplying less-lethal weapons include Aardvark Tactical, Condor Non-Lethal Technologies, the Safariland Group, FN Herstal and Mace Security International. Likewise, major defence firms such as Boeing Company, Lockheed Martin, and General Dynamics are heavily involved in directed energy weapons (DEW) programmes.
The senior Defence Analyst said: "The Global Non-Lethal Weapons market is expected to generate sales of USD 4.3 billion in 2020.
"Generally speaking, non- or less-lethal weapons are designed to incapacitate or repel a person or crowd while not causing fatality or permanent injury. These weapons are also developed to disable equipment or vehicles with as little impact as possible on the surrounding environment.
"Non-lethal weapons used by military forces or law enforcement agencies include area-denial systems, less-lethal ammunition and explosives, gases and sprays, DEWs, and electroshock weapons.
"Visiongain forecasts that over the next decade, the Non-Lethal Weapons market will experience a rise in expenditure due to the world’s shifting conflict landscape, successful testing of new technologies in different environments, and the relative ease associated with acquiring and deploying such systems.
"Having said this, there are one or two threats to the future success of non-lethal weapons, which could slightly restrain the acceleration of the industry. The most challenging issues surround concerns over the lack of centralised training and stringent government regulations to prevent public misuse.
"In conclusion, by 2030, the Non-Lethal Weapons market will have surpassed the seven billion-dollar mark, achieving a total sales figure of USD 7.1 billion."
Note for Editors
If you are interested in a more detailed overview of this report, please send an email to firstname.lastname@example.org or call her on +44 (0) 207 336 6100.
Visiongain is a leading business intelligence provider, publishing market reports for the automotive, aviation, chemicals, construction, cyber, defence, electronics, energy, food & drink, IT, maritime, materials, packaging, pharmaceutical, renewable energy, telecoms and utilities sectors.
We are one of the fastest growing and most innovative independent research companies in Europe. Based in London, UK, visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional who needs independent, high-quality, original material to rely and depend on.
Owing to availability of upgrade kits for conventional weapons, increase in investment in advanced missiles defence systems and interceptor missiles, and increase in demand for miniaturised precision guided weapons.
22 June 2021
The market for offshore oil and gas industry is expected to be driven by the increase in offshore drilling activities. This combined with high investment done in an effort to explore new reserves for oil and gas would drive the offshore oil and gas industry.
17 June 2021
The growth in asymmetric warfare has prompted government institutions to implement self-security and defensive tactics against terrorist or insurgent strikes.
17 June 2021
With advancements in technology awareness regarding usage of NextGen weapons and systems in modern warfare is increasing among armed forces of major countries.