Non-Lethal Weapons Market Is Expected to Reach Usd 4,868.1 Million in 2021
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According to a new market report published by Transparency Market Research “Non-Lethal Weapons Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,” global non-lethal weapons market was valued at USD 3,201.6 million in 2014, growing at a CAGR of 6.1% from 2015 to 2021 to account for USD 4,868.1 million in 2021.
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http://www.transparencymarketresearch.com/non-lethal-weapons-market.html
The non-lethal weapons market is primarily driven by growing need for effective crowd control weaponry in various urban warfare applications globally. The increase in importance for the security and safety of civilian lives during adversary combat, anti-terrorism operations, hostage rescue and insurgency control in urban areas is also influencing the growth of global non-lethal weapons market. The non-lethal weapons provide advantages to the armed troops in terms of effectiveness, economy, and accuracy with reduced collateral damages.In terms of product type, the explosive held the highest revenue share accounting for more than thirty percent of the overall market in 2014. With the changing warfare tactics, the demand for directed energy weapons is also observing substantial growth globally. In terms of technology, the electromagnetic segment, chemical segment and acoustic segment are analyzed to be growing at rapid CAGR globally. The application of non-lethal weapons by law enforcement agencies are also expected to grow at a CAGR of 6.1% over the forecast period from 2015 to 2021.
Geographically, North America led the non-lethal weapons market with more than thirty percent market revenue share globally in 2014 and is expected to continue its dominance throughout the forecast period. The factors responsible for the dominance of the North America region are growing interest for effective crowd control weapons and growing adoption of high-end weapon systems to gain advantage in asymmetric warfare. Moreover, civilian...
Get the Full Report at:
http://www.transparencymarketresearch.com/non-lethal-weapons-market.html
The non-lethal weapons market is primarily driven by growing need for effective crowd control weaponry in various urban warfare applications globally. The increase in importance for the security and safety of civilian lives during adversary combat, anti-terrorism operations, hostage rescue and insurgency control in urban areas is also influencing the growth of global non-lethal weapons market. The non-lethal weapons provide advantages to the armed troops in terms of effectiveness, economy, and accuracy with reduced collateral damages.In terms of product type, the explosive held the highest revenue share accounting for more than thirty percent of the overall market in 2014. With the changing warfare tactics, the demand for directed energy weapons is also observing substantial growth globally. In terms of technology, the electromagnetic segment, chemical segment and acoustic segment are analyzed to be growing at rapid CAGR globally. The application of non-lethal weapons by law enforcement agencies are also expected to grow at a CAGR of 6.1% over the forecast period from 2015 to 2021.
Geographically, North America led the non-lethal weapons market with more than thirty percent market revenue share globally in 2014 and is expected to continue its dominance throughout the forecast period. The factors responsible for the dominance of the North America region are growing interest for effective crowd control weapons and growing adoption of high-end weapon systems to gain advantage in asymmetric warfare. Moreover, civilian...