Authored By: Sarah
01 Oct 2024

Latest News:- Electrical Weapons Market: Non-lethal is expected to lead the Type segment during 2024-2028

Electrical Weapons Market to grow at a CAGR of 14.8% during 2024-2028

The Electrical Weapons Market is expected to grow at a CAGR of 14.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7513.1 million. Modern electrical weapons, such as the Stinger, have undergone significant technological advancements, enhancing situational awareness and targeting efficiency. The Stinger's dual-mode seeker and identification friend or foe (IFF) systems are prime examples, providing enhanced target identification capabilities and reducing the likelihood of engaging friendly targets. Infrared and ultraviolet technologies integrated into the Stinger's seeker head minimize the impact of countermeasures, ensuring accurate target engagement. Rafael Advanced Defense Systems' Spike missiles represent another technological innovation, with the ability to be optically steered post-launch. These advanced features contribute to the effectiveness and reliability of electrical weapons in various defense applications. 

Get more information on Electrical Weapons Market by requesting a sample report

The Non-lethal subsegment is expected to dominate the Type segment during the forecast period 

Technavio analysts predict that the Non-lethal subsegment will lead the Type segment during 2024 and 2028 The Electrical Weapons Market represents a significant business opportunity for manufacturers and suppliers due to the increasing demand for non-lethal security solutions. These weapons, which utilize electrical currents for incapacitation, offer advantages such as minimal collateral damage and ease of use. Key market drivers include growing security concerns, advancements in technology, and regulatory support for non-lethal alternatives. Businesses in the sector can expect continued growth and innovation in this dynamic market.

Here are the various ways based on which the market is segmented: 

  • Type
    • Non-lethal
    • Lethal
  • Geography
    • North America
    • Europe
    • APAC
    • Middle East and Africa
    • South America

Reasons to Purchase the Global Electrical Weapons Market Market Research Report by Technavio. What is in it for you?

  • Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
  • Insight into Current Market Trends: Our research reports provide our readers insights into the latest market intelligence, competitor strategies, market trends, changes taking place in the industry and customer preferences, forecasted market opportunities that influence them to make better business decisions
  • High ROI with Extensive Hands-on Research: Technavio is renowned for offering personalized market research reports as per unique business needs, delving deep into specific markets, product segments and demographics. Additionally, it is also well-known for providing high return on investments through its wide collection of data at pocket-friendly rates

There are several factors that are causing the market to flourish growing asymmetric warfare across world

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Electrical Weapons Market encompasses a range of high-tech self-defense solutions, including Crowd Control Weapons like Electrical Batons, Tasers, and Electromagnetic Railguns. These weapons deliver electrical shocks or severe pain to incapacitate individuals during violent standoffs or clashes. Defense expenditure on such weapons has been on the rise due to the increasing prevalence of violent crimes and aerial threats. Batons and Tasers are popular low-current, high-voltage electrical weapons that disrupt muscle functions through electrical shock. They cause injury and severe pain, but do not typically result in long-term harm. Hitech electrical weapons like Taser guns and Conducted Electrical Weapons employ advanced battery technology to deliver precise and effective electrical shocks. The IoT era has brought new countermeasure capabilities to electrical weapons, enabling real-time monitoring and control. Military agencies and law enforcement increasingly rely on these weapons for crowd control and self-defense. However, the use of electrical weapons remains a subject of debate due to concerns over potential harm and ethical considerations.

Market Research Overview

The global electrical weapons market is a segment of the broader capital goods industry, which includes revenues from manufacturers and providers serving sectors such as aerospace and defense, building, construction and engineering, and electrical equipment. In the aerospace and defense sector, electrical weapons are utilized in various platforms, including naval, land, and air domains, as well as space platforms and launch vehicles. Additionally, this market encompasses maintenance, repair, and overhaul (MRO) activities related to both commercial and defense applications. According to Technavio's market analysis, the global capital goods industry generates significant revenue from these sectors, making the electrical weapons market an essential component within this industry.

The Electrical Weapons Market is experiencing significant growth, fueled by the growing asymmetric warfare across world. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

 

Read News Read Less
Interested in this report?
Get your sample now!
Technavio