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."
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Along with an evaluation of the current level of international investment in the directed energy weapon market, this report provides measured forecasts for six submarkets covering the period 2021 to 2031.
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