TechNavio recognizes the following companies as the key players in the Global Non-lethal Weapons Market: BAE Systems plc, Condor Non-Lethal Technologies, General Dynamics Corp., NonLethal Technologies Inc., and The Safariland Group.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Defense industry is investing extensively in R&D activities. This has resulted in the development of technologies that can help augment the endurance and survivability of army weapons in difficult atmospheric conditions. As a result of emerging technologies and changing environments, departments of defense in different countries are investing in new and improved non-lethal weapons. For instance, there is a rise in the demand for guns that require low maintenance and do not overheat. Therefore, with the increase in R&D, the demand for advanced non-lethal weapons is also increasing.”
According to the report, one of the major drivers in this market is the increase in global defense budget. As a result of the increase in global defense budgets, the demand for non-lethal weapons is also expected to increase.
Further, the report states that one of the major challenges in this market is the increase in the prices of raw materials. The rise in the raw material prices has resulted in pricing pressure on non-lethal weapon manufacturers, and they are compelled to pass on the increased cost to customers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-non-lethal-weapons-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Non-lethal Weapons Market 2014-2018
