Electric Weapons Market Share and Growth (2021-2031)
The Electric Weapons Market is expected to register a CAGR of 6.6% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product Type (Direct Contact Weapons, Direct Energy Weapons). The report further presents analysis based on the End User (Military, Law Enforcement). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Electric Weapons Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Electric Weapons Market Segmentation
Product Type- Direct Contact Weapons
- Direct Energy Weapons
- Military
- Law Enforcement
Strategic Insights
Electric Weapons Market Growth Drivers- Increasing Demand for Non-Lethal Weapons: The electric weapons market is significantly driven by the rising demand for non-lethal options in law enforcement and military operations. As authorities seek to manage crowd control and subdue threats without causing permanent harm, electric weapons like tasers and stun guns have gained popularity. This trend reflects a broader shift towards using less harmful measures in conflict situations, which is propelling the market for electric weapon technologies.
- Technological Advancements in Improving the Efficiency of Electric Weapons: Rapid advancements in technology are enhancing the effectiveness and efficiency of electric weapons. Innovations in battery life, discharge capabilities, and portability have made electric weapons more reliable and user-friendly. These improvements attract law enforcement agencies and military organizations to adopt electric weapons as part of their arsenal, driving growth in the market.
- Increased Security Concerns about the Security: Growing global security threats, including terrorism and civil unrest, are driving the demand for effective defense solutions. Electric weapons are viewed as essential tools for maintaining public safety and neutralizing threats without resorting to lethal force. As governments and organizations prioritize security measures, the electric weapons market experiences significant growth, fueled by enhanced investment in these technologies.
- Increased Focus on Training and Safety: There is a growing emphasis on training and safety protocols associated with the use of electric weapons. As more agencies adopt these technologies, the need for comprehensive training programs to ensure proper usage, minimize accidents, and maximize effectiveness has become paramount. This trend is likely to influence product development, as manufacturers incorporate training resources and safety features into their electric weapon systems.
- Regulatory Developments and Standardization: The electric weapons market is witnessing a trend towards regulatory developments and standardization. Governments and international organizations are establishing guidelines for the use, deployment, and manufacturing of electric weapons to ensure consistency and safety. As regulations evolve, manufacturers must adapt their products to comply with new standards, creating a dynamic environment that influences market growth and innovation.
- Expansion in the Utilization of Electric Weapons into Emerging Markets: The electric weapons market offers substantial opportunities in emerging economies where law enforcement and military sectors are evolving. As these regions modernize their security infrastructure, there is a growing need for effective non-lethal weapons. Manufacturers can capitalize on this demand by introducing affordable and reliable electric weapon systems tailored to the specific needs of these markets, fostering growth and market penetration.
- Integration with Smart Technologies: The integration of electric weapons with smart technologies presents a significant opportunity for innovation. By incorporating features such as biometric identification, real-time monitoring, and connectivity to command and control systems, electric weapons can enhance operational effectiveness. Companies that invest in developing smart electric weapon solutions will likely capture the interest of modern military and law enforcement agencies, creating a competitive advantage in the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Electric Weapons Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Electric Weapons Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
The Electric Weapons Market is estimated to witness a CAGR of 6.6% from 2023 to 2031
The major factors driving the Electric Weapons Market are: Increased Military Spending on High-Tech Defense Systems and Rising Demand for Non-Lethal Technologies
Increased adoption of directed energy weapons and Growing emphasis on non-lethal force options are the key future trends of the Electric Weapons Market
The leading players operating in the Electric Weapons Market include Axon, OBERON-ALPHA, March Group Ltd, Safariland, LLC, TBOTECH Safety and Security, LLC, Combined Systems, General Atomics, BAE Systems, Raytheon Technologies, Lockheed Martin
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electric Weapons Market - By Product Type
1.3.2 Electric Weapons Market - By End User
1.3.3 Electric Weapons Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRIC WEAPONS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ELECTRIC WEAPONS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ELECTRIC WEAPONS MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRIC WEAPONS - GLOBAL MARKET OVERVIEW
6.2. ELECTRIC WEAPONS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRIC WEAPONS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. DIRECT CONTACT WEAPONS
7.3.1. Overview
7.3.2. Direct Contact Weapons Market Forecast and Analysis
7.4. DIRECT ENERGY WEAPONS
7.4.1. Overview
7.4.2. Direct Energy Weapons Market Forecast and Analysis
8. ELECTRIC WEAPONS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. MILITARY
8.3.1. Overview
8.3.2. Military Market Forecast and Analysis
8.4. LAW ENFORCEMENT
8.4.1. Overview
8.4.2. Law Enforcement Market Forecast and Analysis
9. ELECTRIC WEAPONS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electric Weapons Market Overview
9.1.2 North America Electric Weapons Market Forecasts and Analysis
9.1.3 North America Electric Weapons Market Forecasts and Analysis - By Product Type
9.1.4 North America Electric Weapons Market Forecasts and Analysis - By End User
9.1.5 North America Electric Weapons Market Forecasts and Analysis - By Countries
9.1.5.1 United States Electric Weapons Market
9.1.5.1.1 United States Electric Weapons Market by Product Type
9.1.5.1.2 United States Electric Weapons Market by End User
9.1.5.2 Canada Electric Weapons Market
9.1.5.2.1 Canada Electric Weapons Market by Product Type
9.1.5.2.2 Canada Electric Weapons Market by End User
9.1.5.3 Mexico Electric Weapons Market
9.1.5.3.1 Mexico Electric Weapons Market by Product Type
9.1.5.3.2 Mexico Electric Weapons Market by End User
9.2. EUROPE
9.2.1 Europe Electric Weapons Market Overview
9.2.2 Europe Electric Weapons Market Forecasts and Analysis
9.2.3 Europe Electric Weapons Market Forecasts and Analysis - By Product Type
9.2.4 Europe Electric Weapons Market Forecasts and Analysis - By End User
9.2.5 Europe Electric Weapons Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Electric Weapons Market
9.2.5.1.1 Germany Electric Weapons Market by Product Type
9.2.5.1.2 Germany Electric Weapons Market by End User
9.2.5.2 France Electric Weapons Market
9.2.5.2.1 France Electric Weapons Market by Product Type
9.2.5.2.2 France Electric Weapons Market by End User
9.2.5.3 Italy Electric Weapons Market
9.2.5.3.1 Italy Electric Weapons Market by Product Type
9.2.5.3.2 Italy Electric Weapons Market by End User
9.2.5.4 United Kingdom Electric Weapons Market
9.2.5.4.1 United Kingdom Electric Weapons Market by Product Type
9.2.5.4.2 United Kingdom Electric Weapons Market by End User
9.2.5.5 Russia Electric Weapons Market
9.2.5.5.1 Russia Electric Weapons Market by Product Type
9.2.5.5.2 Russia Electric Weapons Market by End User
9.2.5.6 Rest of Europe Electric Weapons Market
9.2.5.6.1 Rest of Europe Electric Weapons Market by Product Type
9.2.5.6.2 Rest of Europe Electric Weapons Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electric Weapons Market Overview
9.3.2 Asia-Pacific Electric Weapons Market Forecasts and Analysis
9.3.3 Asia-Pacific Electric Weapons Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Electric Weapons Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Electric Weapons Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Electric Weapons Market
9.3.5.1.1 Australia Electric Weapons Market by Product Type
9.3.5.1.2 Australia Electric Weapons Market by End User
9.3.5.2 China Electric Weapons Market
9.3.5.2.1 China Electric Weapons Market by Product Type
9.3.5.2.2 China Electric Weapons Market by End User
9.3.5.3 India Electric Weapons Market
9.3.5.3.1 India Electric Weapons Market by Product Type
9.3.5.3.2 India Electric Weapons Market by End User
9.3.5.4 Japan Electric Weapons Market
9.3.5.4.1 Japan Electric Weapons Market by Product Type
9.3.5.4.2 Japan Electric Weapons Market by End User
9.3.5.5 South Korea Electric Weapons Market
9.3.5.5.1 South Korea Electric Weapons Market by Product Type
9.3.5.5.2 South Korea Electric Weapons Market by End User
9.3.5.6 Rest of Asia-Pacific Electric Weapons Market
9.3.5.6.1 Rest of Asia-Pacific Electric Weapons Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Electric Weapons Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electric Weapons Market Overview
9.4.2 Middle East and Africa Electric Weapons Market Forecasts and Analysis
9.4.3 Middle East and Africa Electric Weapons Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Electric Weapons Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Electric Weapons Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Electric Weapons Market
9.4.5.1.1 South Africa Electric Weapons Market by Product Type
9.4.5.1.2 South Africa Electric Weapons Market by End User
9.4.5.2 Saudi Arabia Electric Weapons Market
9.4.5.2.1 Saudi Arabia Electric Weapons Market by Product Type
9.4.5.2.2 Saudi Arabia Electric Weapons Market by End User
9.4.5.3 U.A.E Electric Weapons Market
9.4.5.3.1 U.A.E Electric Weapons Market by Product Type
9.4.5.3.2 U.A.E Electric Weapons Market by End User
9.4.5.4 Rest of Middle East and Africa Electric Weapons Market
9.4.5.4.1 Rest of Middle East and Africa Electric Weapons Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Electric Weapons Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electric Weapons Market Overview
9.5.2 South and Central America Electric Weapons Market Forecasts and Analysis
9.5.3 South and Central America Electric Weapons Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Electric Weapons Market Forecasts and Analysis - By End User
9.5.5 South and Central America Electric Weapons Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Electric Weapons Market
9.5.5.1.1 Brazil Electric Weapons Market by Product Type
9.5.5.1.2 Brazil Electric Weapons Market by End User
9.5.5.2 Argentina Electric Weapons Market
9.5.5.2.1 Argentina Electric Weapons Market by Product Type
9.5.5.2.2 Argentina Electric Weapons Market by End User
9.5.5.3 Rest of South and Central America Electric Weapons Market
9.5.5.3.1 Rest of South and Central America Electric Weapons Market by Product Type
9.5.5.3.2 Rest of South and Central America Electric Weapons Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ELECTRIC WEAPONS MARKET, KEY COMPANY PROFILES
11.1. AXON
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. OBERON-ALPHA
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MARCH GROUP LTD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SAFARILAND, LLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. TBOTECH SAFETY AND SECURITY, LLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. COMBINED SYSTEMS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GENERAL ATOMICS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. BAE SYSTEMS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RAYTHEON TECHNOLOGIES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. LOCKHEED MARTIN
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Axon
2. OBERON-ALPHA
3. March Group Ltd
4. Safariland, LLC
5. TBOTECH Safety and Security, LLC
6. Combined Systems
7. General Atomics
8. BAE Systems
9. Raytheon Technologies
10. Lockheed Martin
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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