In-depth Analysis & Key Factors for Driving Less Lethal Ammunition Market Revenue Growth by 2023

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market-research

Press Release

Increasing political disputes & civil unrest and militarization of law enforcement agencies are the key factors driving the less lethal ammunition market.

The Less Lethal Ammunition Market is estimated to grow from USD 828 million in 2018 to USD 1,106 million by 2023, at a CAGR of 5.95% from 2018 to 2023. The less lethal ammunition market has been segmented on the basis of product, end use, weapon type, and region.

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Less-than-lethal impact munitions fire a projectile that will provide a transfer of kinetic energy that will impact and potentially incapacitate a suspect. There are a variety of different launchers and projectiles currently on the market that are designed to fit the specific needs.

Based on product, the rubber bullets segment of the less lethal ammunition market is projected to grow at the highest CAGR during the forecast period. Presently, most countries widely use rubber bullets to control protests.

Based on end user, the law enforcement segment of the less lethal ammunition market is expected to grow at the highest CAGR during the forecast period, due to the increase in investments in less lethal ammunition such as rubber bullets and beanbag bullets. These ammunitions are widely used by law enforcement agencies of various countries to control emergency situations.

Based on weapon type, the shotguns segment is estimated to lead the less lethal ammunition market in 2018. The growth of shotguns can be attributed to the increased procurement of 12 gauge by law enforcement agencies and civilians for security operations and self-defense.

North America is expected to be one of the largest markets for less lethal ammunition in the near future. North America is a leading producer of less lethal weapons and munitions and is a top spender on R&D for non-lethal weapons capabilities. The growth of the market in this region can be attributed to the increased procurement of 12 gauge weapons that can fire beanbags, pepper spray, and gas pellets.

Key Market Players

Key players profiled in the less lethal ammunition market report include The Safariland Group (US), Combined Systems, Inc. (US), Federal Ammunition (US), Nonlethal Technologies (US), Rheinmetall AG (Germany), ST Engineering (Singapore), Security Devices International, Inc.  (US), Lamperd Less Lethal, Inc. (Canada), Condor Non-Lethal Technologies (Brazil), Less Lethal Africa (South Africa), MAXAM Outdoors S.A. (Spain), and Sellier & Bellot (Czech Republic), among others). Acquisitions, agreements, and new product launches were the key strategies adopted by the industry players to achieve growth in the less lethal ammunition market.

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