Major Players are Bae Systems PLC, Boeing Company, Brugger & Thomet Ag, Condor Non-Lethal Technologies, Drs Technologies, Inc., Fiocchi, General Dynamics Corporation, Lamperd Less Lethal, Inc., Metal Storm Ltd, Moog, Inc.
(PRWEB) September 17, 2013
According to a new market research report, "Non-Lethal Weapons Market (2013 - 2018)", published by MarketsandMarkets the total non lethal Weapons 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 and in-depth TOC on "Non-Lethal Weapons Market (2013 2018)".
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Non-lethal weapons are specially designed and employed to incapacitate an individual or a vehicle while reducing injury to personnel and damage to 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 peace keeping operations of 1990s had previously triggered interest in spending on non-lethal weapons. The protest triggered by economic crisis, political dis-sentient and unrest across the nations are the major drivers for Non lethal weapons, more over 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 verbal warning or psychological operation and using lethal force.
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. The United States non-lethal weapons market is estimated to be $183.0 million in 2013 and is expected to register a CAGR of 5.05% to reach $234.2 million by 2018.
The lessons learned from 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, which is expected to act as a restraint to the market.
Anti Vehicle NLW, Blunt impact NLW, Direct Energy NLW, Crowd Disperse rounds and other electrical non lethal weapons 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 global non-lethal weapons market is estimated to be $880.5 million in 2013 and is expected to register a CAGR of 5.42% to reach $1,146.2 million by 2018.
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