The Latin America non-lethal weapons market is anticipated to expand at significant CAGR during the forecast period, 2021 – 2028. Growth of the market is attributed to the increasing prison riots, government policies towards use of less lethal weapons, political unsteadiness, and increasing armed violence.
A non-lethal weapon can cause agony and tenderness to human body on exposure to any part of the human senses and skin without any lasting effect. Non-lethal weapons include teargas, plastic bullets, rubber bullets, directed energy weapons, bean bag rounds, and sprays and gases. The non-lethal weapons are used by military and law enforcement to channelize battlefield, peacekeeping, limit the civilian access to restricted areas, stability operations, and control the movement of civilian populations.
The Covid-19 pandemic affected the demand and supply of non-lethal weapons market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
The report on the Latin America non-lethal weapons market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Latin America non-lethal weapons Market –Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018-2019 |
Forecast Period |
2021-2028 |
Segmentation |
Types [Ammunition, Area Denial, Sprays and Gases, Electroshock Weapons, Explosives, and Directed Energy Weapons], Uses [Military and Law Enforcement] |
Geographical Scope |
Argentina, Chile, Brazil, Colombia, Mexico, and Rest of Latin America |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players covered in the Report |
Condor Non-Lethal Technologies, Genasys, Inc., Lamperd Less Lethal Inc., Rheinmentall AG, Axon [Taser International Inc.], Amtec Less Lethal Systems, Mission Less Lethal Technologies, and Combined Systems Inc. |
Based on uses, the Latin America non-lethal weapons market is bifurcated into military and law enforcement. The law enforcement segment accounts for a key share of the market. Growth of the market is attributed to the increasing prison riots, government policies towards use of less lethal weapons, political unsteadiness, and increasing armed violence. However, the military segment is anticipated to expand at a rapid pace during the forecast period due to dissatisfaction among people about government cause of lockdown, increasing demand for crowd control devices, surge in prison riots, and law enforcement agencies try to minimize casualties and fatalities.
On the basis of types, the Latin America non-lethal weapons market is segregated into ammunition, area denial, sprays and gases, electroshock weapons, explosives, and directed energy weapons. The ammunition segment is estimated to hold a major market share during the forecast period. Advancement in ammunition technology is projected to drive the market. Ammunition includes wax bullets, plastic bullets, rubber bullets, bean bag rounds, and sponge grenades.
On the basis of geography, the Latin America non-lethal weapons market is categorized as Argentina, Chile, Brazil, Colombia, Mexico, and Rest of Latin America. The market in Brazil is estimated to hold major market share during the forecast period due to dissatisfaction about the government, increase in the number of demonstrations, and latest development in non-lethal weapons. The market in Mexico experience rise in need of non-lethal weapons due to factors like protest against government for mandatory use of mask and lockdown, increasing armed violence, and technological advancement in non-lethal weapons.
Segments Covered in the Report
The Latin America non-lethal weapons market has been segmented on the basis of
Types
Uses
Geography
Key Players
Key players competing in the Latin America non-lethal weapons market include Condor Non-Lethal Technologies, Genasys, Inc., Lamperd Less Lethal Inc., Rheinmentall AG, Axon [Taser International Inc.], Amtec Less Lethal Systems, Mission Less Lethal Technologies, and Combined Systems Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and rise their production line of the business in the coming years.
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