Key players in Non-Lethal Weapons Market are BAE Systems PLC, Boeing Company, Brugger&Thomet Ag, Condor Non-Lethal Technologies, Drs Technologies, Inc., Fiocchi, Qinetiq Group PLC and many more.
(PRWEB) June 06, 2014
According to the research reports, Europe is expected to spend around $1,921.9 million in non-lethal weapons market. North America, on the other hand is expected to spend around $1,238.8 million, while Asia is anticipated to spend $1,146.1 million on these weapons across the forecast period - (http://www.marketsandmarkets.com/Market-Reports/non-lethal-weapons-market-1236.html).
According to a market research report "Non-Lethal Weapons Market (2013 – 2018)" published by MarketsandMarkets, the market is expected to reach $1,146.2 million by 2018 with a CAGR of 5.42%.
Browse 12 market data tables and 126 figures spread through 181 slides along with in-depth TOC on "Non-Lethal Weapons Market (2013 – 2018)" - http://www.marketsandmarkets.com/Market-Reports/non-lethal-weapons-market-1236.html.
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Non-lethal weapons are specially designed and employed to incapacitate an individual or vehicle while reducing injury to the personnel and avoiding damage to the property and surrounding. Non-lethal weapons thus offer a wide range of capabilities for the conduct of war and in the support of homeland defense. The peacekeeping operations of 1990s had previously triggered the interest in spending on non-lethal weapons. The protest triggered by economic crisis, political dissentient and unrest across the nations are the major drivers for non-lethal weapons. Moreover, changes in the security situation have emphasized the need for non-lethal weapons which would act as an option between shout and shoot, that is, between using verbal warning or psychological operation and lethal force.
According to the report, United States is the most attractive market for non-lethal weapons. It is a matured market with most of the market leaders situated in this region. It expects the United States non-lethal weapons market to be worth $183.0 million in 2013 with an anticipated CAGR of 5.05% to reach $234.2 million by 2018.
The lessons learned from the recent wars in Afghanistan and the prevailing unrest across the globe had led to an increase in demand for new and effective non-lethal capabilities which in turn has reflected in the need for increase in R&D cost. Since there seems to be a rapid interest in non-lethal weapons across the globe, many countries lack clarity in terms of requirement and training and the doctrine needed for the armed services to induct such non-lethal capability. According to the reports, all these factors are expected to act as a restraint to the market.
The report focuses on anti-Vehicle NLW, Blunt impact NLW, Direct Energy NLW, Crowd Disperse rounds and other electrical non-lethal weapons, which are currently being manufactured by this industry. Apart from the existing non-lethal weapons technology, a number of new capabilities are being developed, mainly by the U.S. Few of the developmental projects are non-tethered munitions, sensor fused non-lethal munitions, distributed sound and light array, vehicle & vessel stopping devices, and multi-frequency radio-frequency vehicle stopper. The report also estimates the global non-lethal weapons market to be worth $880.5 million in 2013 with a CAGR of 5.42% , which will help the industry to reach $1,146.2 million by 2018.
Scope of the Report
This report analyzes the Global Non-lethal Weapons market based on:
- Non-lethal weapons market by value
- The market share analysis by type of non-lethal weapons
- Regional trend and market share analysis
- In-depth country wise analysis of the non-lethal weapons market
In addition to market sizes and forecasts, the research report also provides a detailed analysis of the market trends and factors influencing market growth. It also offers in-depth geographic analyses of the North American, European, Asian, Latin American, Middle Eastern and African non-lethal weapons markets. It draws the competitive landscape of the global market, providing an in-depth comparative analysis of the technological and marketing strategies the key players are adopting in order to gain an edge over the their competitors.
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