Non-Lethal Weapons Market : Industry Analysis, Opportunity Assessment and Forecast upto 2021
The remarkable rate of technological advancements and growing internal security threats have both created a significant demand for non-lethal weapons. The demand for non-lethal weapons also stems from the increasing need to control crowds in the war-torn regions of Brazil, Ukraine, India, and Israel. Owing to these reasons, militaries are adopting non-lethal weapons such as directed energy weapons, gases and sprays, conducted energy weapons, explosives, and water weapons. Growing development of lethal weapons that do not compromise on stealth but minimize the collateral damage is also fueling the overall market. According to the latest report published by Transparency Market Research, the global non-lethal weapons market was worth US$3.2 bn in 2014 and is expected to reach a valuation of US$4.8 bn by 2021. The expansion of this market between 2015 and 2021 will be at a CAGR of 6.1%. Obtain Report Details @ http://www.transparencymarketresearch.com/non-lethal-weapons-market.html Evolving warfare tactics have been the primary growth driver for the increasing adoption of nonlethal weapons market in North America. Researchers predict that this regional segment is accepted to rise at a CAGR of 5.8% between 2015 and 2021. The growth in this region will also be attributable to the expansion of law enforcement agencies and the efficient development of non-lethal weapons. Furthermore, the growing demand from civilians to possess non-lethal weapons for self-defense needs in times of rampant terrorism has also proven to be a key factor driving the global market. Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5705 Some of the leading players operating in the global non-lethal weapons market are General Dynamics Corporation, The Raytheon Company, BAE Systems Plc, Lamperd Less Lethal, Inc., TASER International Inc, Boeing Company, FN Herstal, and Safariland Group. These companies are focusing on product innovation and intensive research and development for the forthcoming