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The electrical weapons market size is forecast to increase by USD 7.51 billion at a CAGR of 14.8% between 2023 and 2028.
The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Non-lethal weapons have gained significant attention in various sectors due to their incapacitating effects without causing fatalities. These weapons are utilized extensively by law enforcement agencies, military organizations, and self-defense solutions providers in scenarios involving violent clashes and crowd control. Examples include conducted weapons such as Tasers, electric shock batons, stun guns, and other self defense products, which disrupt muscle functions using high-voltage, low-current electric shocks, causing severe pain and incapacitation. New-age technological advancements have led to the development of sophisticated weapons like railguns and directed energy weapons. These non-lethal options serve as essential countermeasure capabilities in defense budgets, especially during procurement for law enforcement and military applications. The integration of Internet of Things (IoT) technology and artificial Intelligence has further enhanced the functionality and effectiveness of these electrical weapons.
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The Non-lethal segment was valued at USD 5.17 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America, spearheaded by the US, has witnessed significant advancements over the past decade. These technological innovations have been instrumental in enhancing self-defense solutions and law enforcement capabilities for military agencies and security forces. Electrical weapons, including Taser guns, electric shock batons, and conducted energy devices, have gained popularity due to their incapacitating effects, causing muscle disruption and severe pain without causing lethal injury. New-age technologies like IoT, electromagnetic railguns, and directed energy weapons have expanded the arsenal of military applications, providing countermeasure capabilities against violent clashes and aerial threats. The US defense budget continues to prioritize the procurement of these non-lethal weapons, with battery technology playing a crucial role In their deployment. Key players in this market focus on improving electrical shock intensity, voltage levels, and current capacity to cater to the evolving needs of law enforcement and military agencies.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing asymmetric warfare across the world is the key driver of the market.
Growth in battlefield digitization is the upcoming market trend.
Stringent regulatory norms related to weapons is a key challenge affecting the industry growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, electrical weapons market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a range of self-defense solutions that utilize electrical currents to incapacitate individuals. These weapons, also referred to as conducted electrical weapons or CEWs, have gained popularity among law enforcement agencies and military organizations due to their non-lethal capabilities. The demand for electrical weapons is driven by several market dynamics. The increasing prevalence of violent clashes and the need for effective crowd control have led to a heightened focus on non-lethal weapons. Furthermore, advancements in technology have resulted in the development of new-age electrical weapons with improved capabilities. One significant trend In the market is the integration of IoT technology.
This enables remote monitoring and control of electrical weapons, enhancing their effectiveness and versatility. Conducted electrical weapons, such as stun guns and electric shock batons, utilize high-voltage, low-current electrical discharges to disrupt muscle functions and cause severe pain. These weapons can be effective in various situations, including violent standoffs and procurement by security agencies. Another emerging trend in the market is the development of direct energy weapons. These weapons, such as railguns and electromagnetic railguns, utilize electrical currents to generate projectiles or focused beams of energy. While still in the experimental stages, these weapons have the potential to revolutionize the market by offering increased range and precision.
The market is influenced by various factors, including defense budgets, battery technology, and the evolving threat landscape. As violent crimes continue to pose a significant challenge, the demand for effective self-defense solutions is expected to remain strong. Additionally, advancements in battery technology are enabling the development of more portable and powerful electrical weapons, making them increasingly accessible to a wider range of users. In summary, the market is driven by the need for effective non-lethal self-defense solutions in various applications. The integration of IoT technology and the development of direct energy weapons are key trends shaping the market. Defense budgets, battery technology, and the evolving threat landscape are among the factors influencing the market's growth.
Market Scope |
|
Report Coverage |
Details |
Page number |
136 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.8% |
Market growth 2024-2028 |
USD 7.51 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
12.6 |
Key countries |
US, China, Russia, UK, and Israel |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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