Electrical Weapons Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Electrical Weapons Market is segmented by Type (Lethal, Non-lethal), and Geography.

Market Snapshot

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Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: North America
CAGR: >7 %

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Market Overview

The Electrical Weapons Market is to exhibit a growth rate of more than 7% during the forecast period 2020-2025.

  • The rise in violent crimes, riots, etc. across the world due to which the law enforcement authorities across the globe have increased their budgets for the acquisition of non-lethal weapons. This factor is propelling the demand for non-lethal electrical weapons such as Tasers, electrical batons, stun guns, etc. across the globe.
  • The growing investments into the development of advanced directed energy weapons that offer a cost-effective, high-speed, highly accurate countermeasures against aerial threats. Such investments are driving the growth of the lethal segment of the market during the forecast period.
  • The growing concerns over the dangers posed by the electrical non-lethal weapons are expected to hamper the growth of the market in the coming years.

Scope of the Report

The Electrical Weapons Market Report covers the latest trends and technological developments as well as provide analysis on various aspects of the market such as the electrical type including lethal and non-lethal electrical weapons. The report also provides regional level analysis and market share of major electrical weapon manufacturers across the world.

Type
Lethal
Railgun
Directed-energy Weapons
Non-lethal
Stun Guns
Tasers
Other Types
Geography
North America
Europe
Asia-Pacific
Latin America
Middle-East and Africa

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Key Market Trends

The Non-lethal Segment Will Grow Significantly During the Forecast Period

The rising violent crimes, riots and protests across the world are resulting in violent standoffs of the people with police and law enforcement agencies. The law enforcement agencies are investing in the procurement of non-lethal electrical weapons such as tasers to harmlessly restrain the law offenders. In 2019, the use of Tasers by Swiss law enforcement agencies witnessed a growth of nearly 40% compared to 2018. Similarly, in the United Kingdom, the taser deployment grew by more than 100% between 2018 and September 2019 compared to 2015-2016. Further in March 2020, Gujarat becomes the first state in India to introduce tasers to its law enforcement arsenal as a midway alternative to batons and firearms. Similar procurement across the world are expected to accelerate the growth of the market segment during the forecast period.

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North America Region holds Highest Share in 2019

The North America region currently dominates the market and is expected to continue its dominance during the forecast period. This growth is mainly due to increased investments by the US government towards procurement of non-lethal electrical weapons for the law enforcement agencies. In May 2020, San Mateo County Board of Supervisors approved a budget of approximately USD 1 million for the acquisition of 310 model 7 Tasers from Axon for the country sheriff’s department. Also, the country is investing in the development of advanced directed energy weapons for installation of land, air, and sea platforms. The Department of Defense is in plans to equip the HELIOS laser defense system on Arleigh Burke-class destroyer in 2021. This laser system will replace the Rolling Airframe Missile (RAM) system. Earlier, Lockheed Martin Corporation was awarded USD 150 million to design, build, and deliver a replacement system for RAM systems by 2020. Such robust plans of the government to induct advanced weapons systems are anticipated to accelerate the growth of the market in the North America region during the forecast period.

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Competitive Landscape

The Electrical Weapons market is slightly fragmented with many players in the market that cater to the electrical non-lethal weapon requirement of the law enforcement agencies. However, there are few players in the lethal electrical weapon systems manufacturing sector. Some of the prominent players in the electrical weapons market are General Atomics, Raytheon Technologies Corporation, BAE Systems plc, and Axon Enterprise. To develop lethal electrical weapons is witnessing collaborations between various defense manufacturers, platform manufacturers, and technological firms. For instance, in June 2020, the European Defence Agency (EDA) selected a nine-member consortium (including Naval Group, Nexter Systems and Diehl Defense) to develop electromagnetic railguns. The project is expected to demonstrate rail gun in 2022 and the consortium will explore the possibility of integrating the weapon on land and naval platforms. Such partnerships and development of new and advanced systems are anticipated to help the companies increase their share in the market in the coming years.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Lethal

        1. 5.1.1.1 Railgun

        2. 5.1.1.2 Directed-energy Weapons

      2. 5.1.2 Non-lethal

        1. 5.1.2.1 Stun Guns

        2. 5.1.2.2 Tasers

        3. 5.1.2.3 Other Types

    2. 5.2 Geography

      1. 5.2.1 North America

      2. 5.2.2 Europe

      3. 5.2.3 Asia-Pacific

      4. 5.2.4 Latin America

      5. 5.2.5 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 General Atomics

      2. 6.2.2 Raytheon Technologies Corporation

      3. 6.2.3 BAE Systems plc

      4. 6.2.4 Axon Enterprise

      5. 6.2.5 Euro Security Products s.r.o.

      6. 6.2.6 MARCH GROUP LTD

      7. 6.2.7 Lockheed Martin Corporation

      8. 6.2.8 Northrop Grumman Corporation

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Electrical Weapons Market market is studied from 2018 - 2026.

The Electrical Weapons Market is growing at a CAGR of >7% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

General Atomics, Raytheon Technologies Corporation, BAE Systems plc, Lockheed Martin Corporation, Axon Enterprise are the major companies operating in Electrical Weapons Market.

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