Smoke Grenade Market is expected to reach US$ 456.46 Million by 2031

Rising Global Military Expenditure Bolsters Smoke Grenade Market Growth

According to our latest study on "Smoke Grenade Market Analysis to 2031 – Geography Analysis – by Type, Application, and End User," the smoke grenade market size was valued at US$ 297.24 million in 2023 and is projected to reach US$ 456.46 million by 2031; it is anticipated to record a CAGR of 5.5% from 2023 to 2031. The report includes growth prospects owing to the current smoke grenade market trends and their foreseeable impact during the forecast period.

The defense budget allocation supports army and military forces to procure advanced technologies and equipment from domestic or international developers. There is an increase in military and army vehicle upgrades owing to the growing defense budget allocation. Furthermore, the increasing governmental expenditure showcases governments' focus on strengthening national security forces. There is an increased need to reinforce military and border security forces with advanced surveillance, communication, navigation equipment, artilleries, armaments/ammunitions, and vehicles, among others; hence, military forces worldwide are focusing on investing significant amounts in procuring pyrotechnic munitions and other less lethal products. Defense forces' constant inclination to acquire new technologies for noncombat and combat operations further boosts military expenditure worldwide. As per the Stockholm International Peace Research Institute, the US, China, India, Russia, and Saudi Arabia were the top five spenders in 2023, accounting for ~63% of global expenditures. The figure given below depicts the yearly spending of these countries.

Based on type, the smoke grenade market has been segregated into hand operated and launcher operated. Based on application, the market has been segmented into signaling, screening and obscuring, riot control, and others. In terms of end user, the smoke grenade market has been bifurcated into military law enforcement and commercial, according to The Insight Partners' analysis.  Geographically, the market is segmented into North America, Europe, and the Middle East & Africa, and South America.

The signaling segment held the largest smoke grenade market share in 2023. Smoke grenades provide combat forces with a means of communication/signaling during daylight. These grenades are used for fire training, military training, IED simulation, and airflow studies. Besides individual signaling codes, smoke grenades are used to indicate wind direction in helicopter landing zones or mark drop zones. Upon ignition, the smoke grenade produces dense, colored smoke for the specified period. For instance, the US Army uses the M18 Smoke Hand Grenade for signaling operations. This grenade is effective as a ground-to-ground or ground-to-air signaling device, target or landing zone marking device, or for screening unit movements by putting out clouds of dense smoke. The grenade can be filled with any one of four smoke colors: green, yellow, red, and violet. Each grenade will emit smoke for 50 to 90 seconds. An average soldier can throw them 30 meters.

The growing demand for ground-to-air signaling applications is one of the major factors propelling the growth of the smoke grenade market size in the signaling segment. This is further supported by the demand generated for smoke grenades used for signaling during search and rescue operations conducted by different military forces and other emergency responder forces. Moreover, the demand for smoke grenades in signaling applications is further driven by the increased adoption of helicopter/aircraft landing operations and the creation of drop zones during any sort of military operation.

Smoke Grenade Market Share — by Region, 2023

Source: The Insight Partners Analysis

The geographic scope of the smoke grenade market report offers a detailed global, regional, and country analysis. North America, Europe, and Asia Pacific are major regions witnessing significant growth in the smoke grenade market. The US holds a prominent share in the smoke grenade market in North America. Smoke grenades are increasingly used in law enforcement, military, and commercial applications in the US. Smoke grenades are used for ground-to-air or ground-to-ground signaling, landing zone marking, and screening unit movements. In addition, the rise in demand for smoke grenades in safe army movement by the US military is anticipated to drive smoke grenade market growth in the coming years. Moreover, the rise in demand for smoke grenades from commercial applications, including movie production, skydiving, large-scale events, and sports events, is anticipated to drive the smoke grenade market growth during the forecast period. A rise in government initiatives and investment toward boosting the defense sector in the US is anticipated to further fuel the demand for smoke grenades in the coming years. As per the data from SIPRI, the US ranked first in military expenditure globally and was valued at US$ 916 billion in 2023, an increase of 2.3% from 2022 to 2023. Such a rise in government spending toward boosting the military sector in the country is expected to propel the demand for smoke grenades in the coming years.

Sport Smoke L.L.C., Enola Gaye USA., I.W.A International Inc, Superior Signal Company L.L.C., Infidel Body Armor, Amped Airsoft, and Defense Technology, Arsenal, Rheinmetall AG, HFI Pyrotechnics, Chemring Group Plc, CONDOR TECNOLOGIAS NÃO LETAIS, Nammo AS, NonLethal Technologies Inc, Centanex Ltd, 3rd Light Limited, and Wescom Group are among the key players profiled in the smoke grenade market report. Companies operating in the smoke grenade market mainly focus on product and service enhancements by integrating advanced features and technologies into their offerings.

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