According to the latest market research study released by Technavio, the global smoke grenade market is expected to grow at a CAGR of close to 7% during the forecast period of 2016 to 2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global smoke grenade market based on the end user:
Global smoke grenade market shares by end-user 2015
|
Military and defense |
55.39% |
|
Law enforcement |
29.37% |
|
Commercial and civil |
15.24% |
Source: Technavio
The top three revenue contributing end-user segments are discussed below:
Global military and defense smoke grenade market
In the military and defense segment, smoke grenades are used as an essential tactical camouflage strategy. Smoke screens enhance combat capability and hence, are often used in supply and evacuation points, target marking, and as a means of displacement operation. Smoke grenades are also widely utilized in both naval and air force applications. The global smoke grenade market for the military and defense segment accounted for around 55% of the overall market revenue during 2015 and is expected to post growth at a CAGR of around 7% during the forecast period.
“There is a growing need for effective crowd control measures, such as non-lethal or less-lethal smoke grenade launchers, due to the upsurge in civilian unrest, internal violence, and protests in many parts of the world. This trend is being augmented by the emergence of a new generation of non-lethal handheld grenade launchers. Many players in the market are making substantial investments for the development of an effective and lightweight grenade launch system that can be used for both firepower and non-lethal applications. For instance, Poland-based Zakłady Mechaniczne Tarnów offers the handheld multi-shot grenade launcher, RPG-40, for military and law enforcement applications,” says Moutushi Saha, a lead analyst at Technavio for the defense sector.
Global law enforcement smoke grenade market
During 2015, the revenue generated from the global smoke grenade market for the law enforcement segment accounted to almost $90 million during 2015. The recent rise in the number of riots and hostile agitations across the globe is the major driving force behind the demand for smoke grenades from the law enforcement segment. Furthermore, there is also a rise in the preference for smoke grenades over pellet guns as the former causes less severe injuries to civilians. The need to implement an alternative riot control countermeasure among law enforcement agencies is expected to escalate further over the next few years. As a result, the use of smoke grenades for law enforcement applications is anticipated to increase significantly during the forecast period. The global law enforcement smoke grenade market is expected to account for a revenue of more than $123 million by 2020.
Commercial and civil smoke grenade market
The use of smoke munitions in commercial and civil applications across the globe is on a steady rise. Many companies in the market space now produce colored smoke grenades and smoke bombs that can be used for gaming applications, photography, and film shoots.
For instance, UK-based commercial smoke products supplier, Enola Gaye, has been providing colored smoke grenades and projectiles for use in the pyrotechnics industry since 1996. Furthermore, the growing interest in paintball and airsoft games (strategic adventure games) in many countries such as the US, Denmark, Iran, and the UK is adding to the demand for commercial smoke grenades. The global market for commercial and civil grenades will also benefit from the increasing applications of smoke grenades commercial photography and the television, film, and entertainment industries for special effects. By 2020, the sales of smoke grenades for commercial and civil applications is expected to generate a revenue of more than $64 million.
The top leading vendors operating in the global smoke grenade market are:
- DIEHL BGT Defence
- Non-Lethal Technologies
- Rheinmetall Defence
- Safariland
- 3rd Light (Enola Gaye)
Other prominent vendors in the market include Chemring Ordnance, Combined Systems, Dae-Kwang Chemical, and Sport Smoke.
A more detailed analysis is available in the Technavio report titled, ‘Global Smoke Grenade Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Riot Control System Market 2016-2020
- Global Light Weapons Market 2016-2020
- Global Non-lethal Weapons Market – Research Report 2015-2019
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