NLW: Tech Advancements and Growing Internal Security Threats Drive Demand

NLW: Tech Advancements and Growing Internal Security Threats Drive Demand
June 1, 2017 | Source: openPR, www.openpr.com, 5 January 2017, TMR - Research Reports

The remarkable rate of technological advancements and growing internal security threats have both created a significant demand for non-lethal weapons. These weapons are readily being procured by the militaries across the globe to modernize their weaponry and arsenal. 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%.  The use of non-lethal weapons has been especially beneficial for militaries in maintaining domestic peace, ensuring riot control, and preventing insurgencies. Consumers have also been investing in non-lethal gases and sprays such as pepper sprays for self-defense purposes for merely disarming the assailant and averting a crime.

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