The Less Lethal Ammunition Global Market Report 2023, provides comprehensive information on the less lethal ammunition market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company’s comprehensive Less Lethal Ammunition Global Market Report for 2023, a noteworthy trajectory is anticipated in this sector. The market is projected to exhibit a commendable growth, ascending from $0.97 billion in 2022 to a forecasted $1.03 billion in 2023, manifesting a robust compound annual growth rate (CAGR) of 6.1%. However, the global economic landscape faces disruptions stemming from the Russia-Ukraine war, impeding recovery efforts from the lingering impacts of the COVID-19 pandemic.
The conflict has triggered widespread ramifications, including economic sanctions on numerous nations, an upswing in commodity prices, and disruptions in the supply chain. Consequently, inflationary pressures are permeating goods and services markets worldwide, exerting a profound influence on diverse sectors. Looking ahead, The Less Lethal Ammunition Market is poised for sustained growth, with projections indicating an expansion to $1.25 billion by 2027, underlining a CAGR of 5.04%. This forecast underscores the dynamic interplay between geopolitical events and market dynamics, emphasizing the need for astute strategic planning in the face of global uncertainties.
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The current focal point in the less-lethal ammunition market revolves around the burgeoning trend of training and simulation solutions. This trajectory has seen major players within the industry strategically channeling their efforts towards the development of pioneering products, aimed at fortifying their market positions. A noteworthy illustration of this is evident in the actions of RUAG Ammotec’s Defense and Law Enforcement business unit (DLE), an integral component of the prestigious RUAG Group—a Swiss technology powerhouse.
In a significant move in February 2022, RUAG Ammotec introduced the 9×19 LF Training SX 6.1 g and 94 g ammunition, a lead-free innovation designed to cater to the escalating demand from police departments for environmentally conscious, low-pollutant alternatives. The cartridge, meticulously engineered as part of the company’s strategic response, maintains the same point of impact and equivalent recoil as its traditional counterpart, the ACTION 4 cartridge. This achievement is attributed to a precisely regulated charging procedure, showcasing the company’s commitment to meeting evolving market demands while upholding performance standards. As the industry continues to evolve, these advancements underscore the pivotal role of innovation in shaping the landscape of less-lethal ammunition, providing law enforcement agencies with cutting-edge solutions that align with contemporary environmental and performance criteria.
The less lethal ammunition market is segmented:
1) By Type: Rubber Bullets, Bean Bag Rounds, Plastic Bullets, Paintballs
2) By Weapon Type: Shotguns, Launchers, Other Weapon Types
3) By Application: Military, Law Enforcement, Other Applications
Top Major Players
North America was the largest region in the less lethal ammunition market in 2022.
The table of contents in TBRC’s less lethal ammunition market report includes:
1. Executive Summary
2. Less Lethal Ammunition Market Characteristics
3. Less Lethal Ammunition Market Trends And Strategies
4. Less Lethal Ammunition Market – Macro Economic Scenario
5. Global Less Lethal Ammunition Market Size and Growth
……..
32. Global Less Lethal Ammunition Market Competitive Benchmarking
33. Global Less Lethal Ammunition Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Less Lethal Ammunition Market
35. Less Lethal Ammunition Market Future Outlook and Potential Analysis
36. Appendix
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List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Less Lethal Ammunition Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Less Lethal Ammunition Market, Segmentation By Weapon Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Less Lethal Ammunition Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
…….
Table 74: Rheinmetall AG Financial Performance
Table 75: ALS Technologies Financial Performance
Table 76: Axon Enterprise Inc. Financial Performance
Table 77: Remington Arms Financial Performance
Table 78: Smith & Wesson Financial Performance
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