Market Synopsis
As per the analysis by Market Research Future (MRFR), the global less lethal ammunition market is estimated to garner the market value of USD 1,235.91 million, expanding at a CAGR of 5.71”% during the review period from 2020 to 2026.
The growing political unrest is expected to drive the global less lethal ammunition market 2020. The increased crime rate and civil disputes are recognized to be another potent factor which can increase the demand and strengthen the market. Further, the increased economic crisis and illegal migration are likely to escalate the demand and foster the market. In addition, the growing investment in defense and law and enforcement by various countries are likely to steer the market in the coming period.
On the contrary, concerns associated with trafficking and strict rules and regulations imposed by the government are likely to hamper the market. However, the growing focus to develop ammunitions, along with aforementioned factors can strengthen the market and boost the demand relentlessly.
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Key Players
Some of the renowned players of the global less lethal ammunition market are Nonlethal Technologies, Inc (US), Winchester Ammunition (US), Lightfield Slugs (US), Mace Security International, Inc. (US), Security Devices International, Inc. (US), Verney-Carron SA (France), and others.
Market Segmentation
The segment evaluation of the global less lethal ammunition is done by product, weapon type, and end-users.
The product-based segments of the global less lethal ammunition are rubber bullets, bean bag rounds, polyethylene/plastic bullets, OC/CS and smoke munitions, paintballs, flash bang rounds, and others. The research has revealed that the rubber bullets is anticipated to grow at the highest CAGR owing to the usage of 12-gauge shotgun and 40 mm rubber bullets for mass control activities.
The weapon-type based segments of the global less lethal ammunition are launchers and shotguns. Among launchers and shotguns segments, the shotguns segments is expected to increase at the highest CAGR during the evaluation period.
The end-user based segments of the global less lethal ammunition are law enforcement, military, and self-defense. As per the research, the military segment is estimated to witness the highest CAGR during the review period from 2016 to 2026 owing to the growing usage of less lethal ammunition by military forces.
Regional Analysis
Based on the region, the global less-lethal ammunition market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and the Rest of the World (RoW).
As per the analysis, North America is estimated to be the largest market for less lethal market during the review period. The most significant factor responsible for the regional growth is the fast adoption of the latest technologies in developing the less lethal ammunition. According to MRFR, the US is anticipated to make the most crucial participation in strengthening the regional market.
Europe is projected to be a lucrative market during the forecast period owing to the increasing demand for less lethal ammunition in the region.
The APAC region is estimated to expand at the highest CAGR during the review period. The growing crime and political unrest is anticipated to be the most significant factor driving the regional market. Countries such as India, Japan, and China are likely to make the most significant participation in strengthening the market.
The MEA region is likely to grow significantly during the evaluation period owing to the growing investment in defense sectors by various countries such as UAE, Israel, Iraq, and Iran.
RoW market is expected to be driven by the increasing drug trafficking by countries such as Brazil and Mexico.
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