Please Wait.....
Report
Electrical Weapons - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)
Market Report I 2024-02-17 I 70 Pages I Mordor Intelligence
The Electrical Weapons Market size is estimated at USD 1.67 billion in 2024, and is expected to reach USD 2.28 billion by 2029, growing at a CAGR of 6.34% during the forecast period (2024-2029).
The electrical weapons market is poised to witness significant growth in the coming years owing to the increasing need for effective self-defense solutions for law enforcement as well as military agencies. Factors such as the growing number of violent clashes worldwide have led various law enforcement agencies to increase their acquisitions of electrical weapons, which is expected to drive the growth of the market studied. The increase in the number of investments by electrical weapons companies to develop technologically advanced weapons that are cost-effective and provide high countermeasure capabilities is anticipated to lead to the growth of the market studied during the forecast period.
On the other hand, the growing number of legal and regulatory challenges coupled with the potential capability of misuse of electrical weapons by law enforcement or military personnel are expected to hamper the growth of the market studied in the long run. Nevertheless, the growing integration of electrical weapons with advanced technologies such as IoT and the growing potential for the need for electrical weapons globally are expected to open up new business opportunities for various manufacturing companies, leading to significant growth in the market studied.
Electrical Weapons Market Trends
Law Enforcement Segment Will Showcase Remarkable Growth During the Forecast Period
The law enforcement segment is anticipated to show significant growth in the electrical weapons market. There has been noteworthy growth in terms of the need for the usage of electrical weapons by law enforcement agencies worldwide, with conducted electrical weapons such as taser guns gaining greater significance. The need for such weapons has primarily been boosted by the increasing number of violent clashes between police and civilians in recent years. The rise in such cases has led to enforcement personnel being issued with electrical weapons ranging from electric shock batons and other hand-held weapons to weapons capable of delivering dart-like projectiles that administer an electric shock to a person located at some distance. Various companies have also invested in integrating advanced technologies into their products to provide a competitive edge to law enforcement agencies. For instance, in June 2023, the Salt Lake City police department announced that they would be making use of new stun guns as well as other devices, which have been demonstrated by the company Axon Enterprises Inc. The new range of tasers comes equipped with ten cartridges and fire one probe per shot, thereby allowing precise contact with the target.
Asia-Pacific to Dominate the Market During the Forecast Period
Asia-Pacific holds the highest shares in the market studied and is expected to continue its domination during the forecast period. Factors such as growing investments by various countries in the Asia-Pacific for procurement of advanced electrical weapons for law enforcement as well as the military are expected to generate growth in the market studied.
According to the data presented by the Armed Conflict Location and Event Data Project (ACLED), there has been a significant growth in conflicts in the Asia-Pacific region in recent times. Violent clashes in countries such as India, Japan, South Korea, and Myanmar have led to growth in the need for new electrical weapons acquisitions within the region. Furthermore, various manufacturing companies in the Asia-Pacific are now also looking forward to investing significantly in research to develop hi-tech electrical electrical weapons.
For instance, in October 2021, a startup firm based in Uttar Pradesh, India, announced that they had developed new taser weapons to help law enforcement agencies in situations where the use of deadly force is not authorized. The electrical weapons that were developed by Apasteron Pvt. Ltd has been manufactured under the request made by the Indian security forces after their violent clashes against the Chinese troops. In addition, the electrical weapon, which has been dubbed Vajra, was designed as a trident. It is a metal rod taser used in hand-to-hand combat scenarios with the additional ability to penetrate bullet-proof vests.
Electrical Weapons Industry Overview
The electrical weapons market is fragmented, with various players dominating the market. Some of the major players in the electrical weapons market are General Atomics, RTX Corporation, BAE Systems PLC, Lockheed Martin Corporation, and Honeywell International Inc., among others.
The market is characterized by intense competition with the presence of major key players. In the present scenario, various electrical weapons manufacturing companies are partnering with different technological firms to integrate advanced technologies in the development of the product, thereby creating product differentiation to capture greater market share. Moreover, growing investments in research are also being carried out by electrical weapon manufacturing companies to develop high-end products that meet the requirements of law enforcement as well as the military worldwide and also to expand their product portfolio. Furthermore, the increasing development in terms of new-age technology by technology-based firms is expected to open up new business opportunities, driving the growth of the market studied during the forecast period.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
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 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Railgun
5.1.2 Directed Energy Weapons
5.1.3 Stun Guns
5.1.4 Tasers
5.1.5 Other Types
5.2 Application
5.2.1 Law Enforcement
5.2.2 Military
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Mexico
5.3.4.3 Rest of Latin America
5.3.5 Middle East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 Qatar
5.3.5.4 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 General Atomics
6.2.2 RTX Corporation
6.2.3 BAE Systems PLC
6.2.4 Axon Enterprise Inc.
6.2.5 EURO SECURITY PRODUCTS s.r.o. (Ltd)
6.2.6 March International Ltd
6.2.7 Lockheed Martin Corporation
6.2.8 Northrop Grumman Corporation
6.2.9 Honeywell International Inc.
6.2.10 Stun & Run Self Defense LLC
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security