5 Key Takeaways From The Less Lethal Ammunition Market Report 2023
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The global less lethal ammunition market is charting a trajectory of growth, with expectations to rise from $0.97 billion in 2022 to $1.03 billion in 2023 at a Compound Annual Growth Rate (CAGR) of 6.1%. Looking ahead, the market is projected to reach $1.25 billion in 2027, maintaining a steady CAGR of 5.04%.
Addressing the Surge in Crime: A Market Catalyst
The surge in crime cases worldwide is anticipated to be a key driver propelling the less lethal ammunition market forward. As crime rates escalate, law enforcement agencies seek effective tools to control and subdue potential threats without resorting to lethal force. Less lethal ammunition provides a non-lethal alternative, reducing the risk of fatal injuries while maintaining the ability to respond to various situations.
- Hate Crime Statistics: The Federal Bureau of Investigation (FBI) reported an 11.6% increase in hate crime incidents from 8,120 in 2020 to 9,065 in 2021, emphasizing the growing need for non-lethal intervention.
Industry Pioneers: Leading the Charge
Major players in the less lethal ammunition market are at the forefront, shaping the landscape with their contributions to non-lethal solutions. Rheinmetall AG, ALS Technologies, and Axon Enterprise Inc. are among the key players in this dynamic market.
- Global Presence: Companies like Smith & Wesson, SIG Sauer, and Heckler & Koch have a global footprint, ensuring the accessibility of less lethal ammunition solutions across different regions.
- Diverse Product Offerings: Market leaders such as Glock Ges.m.b.H and Beretta contribute significantly with a diverse range of less lethal ammunition types, including rubber bullets, bean bag rounds, plastic bullets, and paintballs.
Innovative Trends: Training and Simulation Solutions
A noteworthy trend gaining traction in the less-lethal ammunition market is the development of training and simulation solutions. Companies are investing in innovative products to enhance their market position, exemplified by RUAG Ammotec’s Defense and Law Enforcement business unit.
- Lead-Free Ammunition: RUAG Ammotec introduced lead-free 9×19 LF Training SX 6.1 g and 94 g ammunition in response to increased demand for low-pollutant alternatives. The new cartridge mirrors the traditional ACTION 4 cartridge’s impact point and recoil, offering a viable training option for police departments.
- Precision and Regulation: The training ammunition’s precisely regulated charging procedure ensures an equivalent recoil and impact point as traditional cartridges, enhancing the training experience for law enforcement.
Market Segmentation: Tailoring Solutions to Needs
Understanding the varied requirements of consumers, the less lethal ammunition market is segmented based on type, weapon type, and application.
- Type: The market encompasses Rubber Bullets, Bean Bag Rounds, Plastic Bullets, and Paintballs, providing law enforcement with versatile options.
- Weapon Type: With Shotguns, Launchers, and Other Weapon Types, the market caters to different law enforcement tools and preferences.
- Application: The less lethal ammunition finds applications in Military, Law Enforcement, and Other Applications, ensuring a comprehensive approach to maintaining public safety.
Regional Dynamics: North America Takes the Lead
As of 2022, North America stands as the largest region in the less lethal ammunition market, reflecting the region’s robust law enforcement infrastructure and heightened awareness. The market anticipates significant growth in this region, ensuring a continued focus on non-lethal alternatives.
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The Less Lethal Ammunition Global Market Report 2023 provides an in-depth analysis on the less lethal ammunition market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the less lethal ammunition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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