Less Lethal Ammunition Market

New product launches & acquisitions are among the key strategies adopted by the leading players to grow in the Less Lethal Ammunition Market

The less lethal ammunition market is expected to grow from USD 828 million in 2018 to USD 1,106 million by 2023, at a CAGR of 5.95% during the forecast period. The Safariland Group (US), Combined Systems, Inc. (US), Federal Ammunition (US), Nonlethal Technologies (US), Rheinmetall AG (Germany), ST Engineering (Singapore), and Lightfield Ammunition Corporation (US), among others, are the key players in the less lethal ammunition market.

These companies have manufacturing facilities worldwide and are focused on technological innovations and the development of high-quality less than lethal ammunition. The less lethal ammunition market is highly competitive, with a large number of global and local market players who focuses on adopting various strategies to expand their global presence and increase their market shares. New product launches and acquisitions are major strategies adopted by market players to grow in the less lethal ammunition market.

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Top 2 players of the less lethal ammunition market

The Safariland Group (US) is a manufacturer and distributor of a variety of innovative products for the law enforcement, military, and sporting goods markets. Under the defense technology brand, the company produces less-lethal products which include OC aerosols, impact munitions, launchers and accessories, chemical agents and tactical devices, training aids, breaching tools, disposable restraints, handcuffs, and batons. The company has a diversified product portfolio and has a wide geographic footprint. In October 2017, Defense Technology, a brand of The Safariland Group, introduced of its 40mm Blunt Impact Projectile (BIP) Collapsible Gel Rounds. The 40mm BIP Collapsible Gel Rounds' collapsible gel nose technology enables the projectile to engage the target with higher kinetic energy across the operational range.

Combined Systems, Inc. (US) is one of the major suppliers of less-lethal munitions and launching systems. The company is also a recognized leader in designing, manufacturing, and marketing of security products for the global defense and law enforcement markets. The company manufactures products for riot control, police tactical teams, and military units. In addition, the company offers lightweight non-lethal grenade launchers under the brand of VENOM. It markets its products through a network of third-party distributors in the US. The company holds over 40 patents globally including for the CTS munitions.

Related Reports:

Less Lethal Ammunition Market by End User (Law Enforcement, Military, Self Defense), Product (Rubber Bullets, Bean Bag Rounds, Plastic Bullets, Paintballs), Weapon Type (Shotguns, Launchers), and Region - Global Forecast to 2023

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Report Code
AS 6894
RI Published ON
2/4/2019
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