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Report
United States Conductive Electrical Weapons Market Forecast 2023-2030
Market Report I 2023-10-20 I 148 Pages I Inkwood Research
KEY FINDINGS
The United States conductive electrical weapons market is forecasted to register a CAGR of 6.22% during the forecast period, 2023 to 2030. Some of the top factors boosting the market's growth include the rise in domestic and international threats leading to an increased usage of non-lethal weapons, the surge in popularity of Tasers as well as stun guns for self-defense, and the ease of use and operation during emergency situations.
MARKET INSIGHTS
The demand for civilian stun guns in the United States has witnessed a significant upsurge over the past three years, primarily driven by people's heightened concerns for their personal safety. This surge in sales can be attributed to the apprehension and unease stemming from witnessing varying degrees of unrest that occasionally escalated into violence in the backdrop of civil unrest. Besides, an increasing trend in violent crime rates across the nation plays a vital role, as well.
According to data from the NYPD, New York saw a substantial surge in homicides and shootings in 2020, with a staggering increase of 97% and 44%, respectively. This nationwide trend has prompted individuals to invest in Tasers and more advanced non-lethal stun guns. Typically priced between $35 and $55, these stun weapons require physical contact to activate, although their deterrent effect is often achieved through the intimidating noise they emit. Hence, the ease of use and operation during emergency situations plays an essential role in fueling the conductive electrical weapons market growth in the United States during the projection period.
COMPETITIVE INSIGHTS
Some of the major players operating in the market include Guard Dog Security, Mace Security International Inc, Wrap Technologies Inc, Phazzer Electronics Inc, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. SCOPE OF STUDY
1.3. METHODOLOGY
1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. COUNTRY SNAPSHOT - THE UNITED STATES
2.3. COUNTRY ANALYSIS - THE UNITED STATES
2.4. KEY GROWTH ENABLERS
2.4.1. EMERGING DOMESTIC & INTERNATIONAL THREATS PROMPTING NON-LETHAL WEAPONS' USE
2.4.2. EASE OF USAGE & OPERATIONS DURING EMERGENCY SITUATIONS
2.4.3. SURGING POPULARITY OF TASERS AND STUN GUNS FOR SELF-DEFENSE
2.5. KEY CHALLENGES
2.5.1. RISK OF SERIOUS INJURIES OR DEATH
2.5.2. AVAILABILITY OF ALTERNATIVE SELF-DEFENSE NON-LETHAL WEAPONS
3. KEY ANALYTICS
3.1. CRISIS SCENARIO ANALYSIS
3.1.1. IMPACT OF COVID-19 ON THE CONDUCTIVE ELECTRICAL WEAPONS MARKET
3.1.2. IMPACT OF RUSSIA-UKRAINE WAR ON CONDUCTIVE ELECTRICAL WEAPONS MARKET
3.2. KEY MARKET TRENDS
3.2.1. RISE IN POLITICAL DISPUTES AND CIVIL UNREST
3.2.2. INTEGRATION OF ADVANCED TECHNOLOGIES WITH NON-LETHAL WEAPONS
3.3. PORTER'S FIVE FORCES ANALYSIS
3.3.1. BUYERS POWER
3.3.2. SUPPLIERS POWER
3.3.3. SUBSTITUTION
3.3.4. NEW ENTRANTS
3.3.5. INDUSTRY RIVALRY
3.4. PESTLE ANALYSIS - THE UNITED STATES
3.5. OPPORTUNITY MATRIX
3.6. VALUE CHAIN ANALYSIS
3.7. REGULATORY FRAMEWORK
4. MARKET BY PRODUCT TYPE
4.1. ELECTRIC SHOCK PRODS
4.2. STUN BELTS
4.3. STUN GUNS
4.4. TASERS
4.5. WIRELESS LONG-RANGE ELECTRIC SHOCK WEAPONS
5. MARKET BY END-USER
5.1. LAW ENFORCEMENT AGENCIES
5.2. MILITARY
5.3. PRIVATE SECURITY
5.4. OTHER END-USERS
6. COMPETITIVE LANDSCAPE
6.1. KEY STRATEGIC DEVELOPMENTS
6.2. COMPANY PROFILES
6.2.1. AXON ENTERPRISE
6.2.2. GUARD DOG SECURITY
6.2.3. MACE SECURITY INTERNATIONAL INC
6.2.4. PHAZZER ELECTRONICS INC
6.2.5. SECURITY EQUIPMENT CORPORATION
6.2.6. STREETWISE SECURITY PRODUCTS
6.2.7. WRAP TECHNOLOGIES INC
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - CONDUCTIVE ELECTRICAL WEAPONS
TABLE 2: COUNTRY SNAPSHOT - THE UNITED STATES
TABLE 3: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET REGULATORY FRAMEWORK
TABLE 4: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2023-2030 (IN $ MILLION)
TABLE 6: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET, BY END-USER, FORECAST YEARS, 2023-2030 (IN $ MILLION)
TABLE 8: LIST OF KEY STRATEGIC DEVELOPMENTS IN THE UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET
LIST OF FIGURES
FIGURE 1: PORTER'S FIVE FORCES ANALYSIS
FIGURE 2: OPPORTUNITY MATRIX
FIGURE 3: VALUE CHAIN ANALYSIS
FIGURE 4: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2022
FIGURE 5: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET, BY ELECTRIC SHOCK PRODS, 2023-2030 (IN $ MILLION)
FIGURE 6: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET, BY STUN BELTS, 2023-2030 (IN $ MILLION)
FIGURE 7: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET, BY STUN GUNS, 2023-2030 (IN $ MILLION)
FIGURE 8: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET, BY TASERS, 2023-2030 (IN $ MILLION)
FIGURE 9: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET, BY WIRELESS LONG-RANGE ELECTRIC SHOCK WEAPONS, 2023-2030 (IN $ MILLION)
FIGURE 10: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022
FIGURE 11: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET, BY LAW ENFORCEMENT AGENCIES, 2023-2030 (IN $ MILLION)
FIGURE 12: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET, BY MILITARY, 2023-2030 (IN $ MILLION)
FIGURE 13: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET, BY PRIVATE SECURITY, 2023-2030 (IN $ MILLION)
FIGURE 14: UNITED STATES CONDUCTIVE ELECTRICAL WEAPONS MARKET, BY OTHER END-USERS, 2023-2030 (IN $ MILLION)
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