South America-Non Lethal Weapons Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America-Non Lethal Weapons Market Analysis
The Latin American non-lethal weapons market is anticipated to register a CAGR of over 3% during the forecast period.
- The COVID-19 pandemic had a negative impact on the market since there was a decrease in demand for the procurement of new non-lethal weapons by various countries worldwide due to a fall in the production of non-lethal weapons by various manufacturers. Additionally, this led to a decline in the revenues for various manufacturers across the globe, owing to late deliveries of the final product, manufacturing shutdowns, reduction of staff at the production facilities as well as limited availability of components that are essential for the manufacturing of the final product. The post-pandemic scenario has created new opportunities for non-lethal weapons manufacturers. Significant increase in procurement plans by various countries worldwide has given a boost to the production of non-lethal weapons, which is anticipated to lead to growth in the market in the coming years.
- The rise in civilian unrest and protests in the Latin American region has resulted in the governments taking precautions and arming the military and the police forces with non-lethal weapons to tackle such situations.
- Technological advancements, in terms of non-lethal weapons, are expected to provide growth opportunities for the players in the region in the years to come.
South America-Non Lethal Weapons Market Trends
This section covers the major market trends shaping the South America-Non Lethal Weapons Market according to our research experts:
Law Enforcement Segment Held the Largest Share
The law enforcement segment held the largest market share and is expected to maintain its dominance during the forecast period. The last three years saw numerous riots in countries like Brazil, Venezuela, Mexico, Chile, Peru, and Argentina. The local economic crisis and political instability in the countries were the major reasons for the riots. In such situations, non-lethal weapons play an important role in riot control, as they can be used as a less dangerous alternative to firearms in order to reduce the risk of harm to the public or in situations where some degree of force is necessary but where the use of firearms would be disproportionate. Law enforcement agencies include special, local, state police, federal agencies, or drug enforcement administration that use non-lethal or less-lethal weapons to avoid injury to officers in close-contact situations. The use of non-lethal weapons by police forces is increasing in Latin American countries. Thus, the growing requirement for crowd control weapons is propelling the growth of the law enforcement segment of the market studied.
Brazil is Expected to Dominate the Market During the Forecast Period
In 2021, Brazil occupied the largest share of the Latin American non-lethal weapons market. This demand can be attributed to the growing civilian unrest and riots in the country. There has been a surge in prison riots in Brazil in recent years, claiming the lives of hundreds of people. A major reason behind the increasing prison riots is the lack of resources for the country's overcrowded and underfunded prison system. The government is focusing on mitigating the threats pertaining to such situations in the future, which is expected to help the growth of non-lethal weapons in the country. In addition, urban violence and civilian protests are on the rise. Non-lethal weapons, like tear gas, rubber bullets and batons, pepper spray, and tasers, are prioritized in police operations across Brazil. Non-lethal technology companies have witnessed a revenue increase of almost 30% in Brazil, and the overall government policy toward the use of less harmful devices is anticipated to prompt more sales in the country. In addition, certain units of the Brazilian military are gradually increasing the stock of non-lethal weapons, such as electro-shock taser guns. All these factors are expected to help the growth of the market in Brazil in the years to come.
South America-Non Lethal Weapons Industry Overview
Some of the prominent players in the market are Condor Non-Lethal Technologies, Lamperd Less Lethal Inc., Rheinmetall AG, Axon (Taser International Inc.), and Genasys Inc. The global players, due to their brand value, may have easy penetration into the market and capture significant share, as there are limited players in the market. The growing demand for non-lethal weapons is providing huge growth opportunities for players in Latin America. Technological innovations, in terms of reduced collateral damage, while increasing the effectiveness of the products in terms of crowd control, may help the players in the market during the forecast period.
South America-Non Lethal Weapons Market Leaders
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Lamperd Less Lethal Inc.
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Axon (Taser International Inc.)
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Genasys, Inc.
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Rheinmetall AG
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Condor Non-Lethal Technologies
*Disclaimer: Major Players sorted in no particular order
South America-Non Lethal Weapons Market News
- In January 2022, The Chilean Senate will vote on the proposal to reform their Gun Law, an initiative that the Chamber had already approved, seeking to establish new regulations on using and possessing these objects within the nation.
- In January 2021, Lamperd Less Lethal's riot control products expanded to include a NewVRMD system giving riot control officers a powerful crowd control option from the safety of their own vehicles.
South America-Non Lethal Weapons Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Area Denial
5.1.2 Ammunition
5.1.3 Explosives
5.1.4 Gases and Sprays
5.1.5 Directed Energy Weapons
5.1.6 Electroshock Weapons
5.2 Use
5.2.1 Law Enforcement
5.2.2 Military
5.3 Geography
5.3.1 Brazil
5.3.2 Mexico
5.3.3 Argentina
5.3.4 Chile
5.3.5 Rest of Latin America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Safariland LLC
6.1.2 Axon (Taser International Inc.)
6.1.3 Combined Systems Inc.
6.1.4 Condor Non-Lethal Technologies
6.1.5 Rheinmetall AG
6.1.6 Lamperd Less Lethal Inc.
6.1.7 Zarc International
6.1.8 Genasys Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America-Non Lethal Weapons Industry Segmentation
A non-lethal weapon is defined as a weapon that can cause pain or irritation in humans when it comes in contact with either skin or any of the senses without causing any permanent damage.
The market is segmented by type, use, and country. By type, the market is segmented into Area Denial, Ammunition, Explosives, Gases and Sprays, Directed Energy Weapons, and Electroshock Weapons. By use, the market is segmented into Law Enforcement and Military. By country, the market covers Brazil, Mexico, Argentina, Chile, and the rest of Latin America. The report offers market size and forecast in terms of value in USD Billion for all the above segments.
| Type | |
| Area Denial | |
| Ammunition | |
| Explosives | |
| Gases and Sprays | |
| Directed Energy Weapons | |
| Electroshock Weapons |
| Use | |
| Law Enforcement | |
| Military |
| Geography | |
| Brazil | |
| Mexico | |
| Argentina | |
| Chile | |
| Rest of Latin America |
South America-Non Lethal Weapons Market Research FAQs
What is the current Latin America Non-lethal Weapons Market size?
The Latin America Non-lethal Weapons Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Latin America Non-lethal Weapons Market?
Lamperd Less Lethal Inc., Axon (Taser International Inc.), Genasys, Inc., Rheinmetall AG and Condor Non-Lethal Technologies are the major companies operating in the Latin America Non-lethal Weapons Market.
What years does this Latin America Non-lethal Weapons Market cover?
The report covers the Latin America Non-lethal Weapons Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Latin America Non-lethal Weapons Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Latin America Non-lethal Weapons Industry Report
Statistics for the 2024 Latin America Non-lethal Weapons market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Non-lethal Weapons analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
