North America Region Witnessing the Highest Growth in Less Lethal Ammunition Market - PowerPoint PPT Presentation

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North America Region Witnessing the Highest Growth in Less Lethal Ammunition Market

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The less lethal ammunition market is projected to grow from USD 828 million in 2018 to USD 1,106 million by 2023, at a CAGR of 5.95% during the forecast period. – PowerPoint PPT presentation

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Title: North America Region Witnessing the Highest Growth in Less Lethal Ammunition Market


1
North America Region Witnessing the Highest
Growth in Less Lethal Ammunition Market According
to the new market research report on "Less Lethal
Ammunition Market by End User (Law Enforcement,
Military, Self Defense), Product (Rubber Bullets,
Bean Bag Rounds, Plastic Bullets, Paintballs),
Weapon Type (Shotguns, Launchers), and Region -
Global Forecast to 2023", The less lethal
ammunition market is projected to grow from USD
828 million to USD 1,106 million by 2023, at a
CAGR of 5.95 from 2018 to 2023. This growth can
be attributed to the rising incidences of civil
unrest, political disputes, and threats from
extremist groups globally.
Browse 94 market data Tables and 33 Figures
spread through 156 Pages and in- depth TOC on
"Less Lethal Ammunition Market - Global Forecast
to 2023" Download PDF Brochure _at_ https//www.marke
tsandmarkets.com/pdfdownloadNew.asp?id252593903 B
ased on end user, the law enforcement segment is
expected to lead the less lethal ammunition
market during the forecast period. Based on end
user, the law enforcement segment is estimated to
lead the less lethal ammunition market from 2018
to 2023. Less lethal ammunition is widely used by
law enforcement agencies to disperse the riots
and crowd control. With the increasing
controversial shooting fatalities involving
law enforcement personnel, a growing number
of law enforcement agencies and departments
are looking for ways to eliminate fatal
encounters between officers and citizens. This
factor is expected to drive the law enforcement
segment during the forecast period.
2
The rubber bullets segment is projected to grow
at the highest CAGR during the forecast
period. Based on product, the less lethal
ammunition market is segmented into rubber
bullet, bean bag rounds, polyethylene/plastic
bullet, OC/CS and smoke munitions, flash bang
rounds, paintballs, and others. The rubber bullet
segment is estimated to lead the less lethal
ammunition market in 2018 and is also projected
to grow at the highest CAGR during the forecast
period. Rubber bullets are similar to standard
ammunition but are made of rubber instead of
lead, and are fired at slower velocities compared
to lead projectiles. Rubber bullet rounds have
commonly been used by law enforcement agencies in
riot-control situations that are designed to
incapacitate targets without causing lasting
harm. For instance, the US police used rubber
bullets and tear gas on protesters outside
Portland detention center in 2018. In addition,
Argentina fired rubber bullets and other less
lethal devices at protesters who marched in front
of the Congress against the upcoming 2019 Budget
Bill, which contains steep spending cuts aimed at
erasing the countrys fiscal deficit. Asia
Pacific is projected to be the
fastest-growing market for less lethal
ammunition during the forecast period. Factors
such as border terrorism, territorial disputes
between countries, deteriorating security
situation, complex political environment,
violence by right-wing extremist groups, and
uncertain economic circumstances are expected to
drive the less lethal ammunition market during
the forecast period. China is estimated to
account for the largest share of the Asia Pacific
less lethal ammunition market in 2018. This rapid
growth can be attributed to the increasing
research development activities undertaken in
the region for the development of advanced less
lethal impact munitions. Key Market
Players Companies such as The Safariland Group
(US), Combined Systems, Inc. (US), Federal
Ammunition (US), Nonlethal Technologies (US),
Rheinmetall AG (Germany), ST Engineering
(Singapore), Lightfield Ammunition Corporation
(US), Winchester Ammunition (US), 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) are some of the leading
players in the less lethal ammunition market. Ask
for Sample Report _at_ https//www.marketsandmarkets.
com/requestsampleNew.asp?id252593903
About MarketsandMarkets
3
MarketsandMarkets provides quantified B2B
research on 30,000 high growth niche
opportunities/threats which will impact 70
to 80 of worldwide companies revenues.
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200,000 markets and entire value chains for
deeper understanding of the unmet insights along
with market sizing and forecasts of niche
markets. Contact Mr.Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
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