Market Size of Asia-Pacific Non-lethal Weapons Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 5.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Asia-Pacific Non-lethal Weapons Market Analysis
The Asia-Pacific non-lethal weapons market is anticipated to register a CAGR of over 5% during the forecast period.
- During the COVID-19 pandemic, the market for non-lethal weapons experienced significant growth due to increased defense and law enforcement expenditures across various countries. In addition, the need to enforce social distancing and lockdown measures has led to the use of non-lethal weapons for crowd control and area restriction.
- India, for example, heavily relied on non-lethal weapons to control the movement of people and prevent the spread of the virus. This contributed significantly to the growth of the market during the pandemic.
- Furthermore, geopolitical tensions in the region have resulted in protests and strikes that have escalated into violent incidents. As a result, law enforcement agencies in countries such as India, China, Japan, and South Korea are procuring non-lethal weapons as a deterrent to protect life and property.
- The market is expected to experience continued growth during the forecast period due to technological advancements made by various players in the region. These advancements are expected to create new opportunities for growth in the non-lethal weapons market.