Electrical Weapons Market by Type and Geography - Forecast and Analysis 2022-2026

The electrical weapons market share is expected to increase by USD 9.76 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 17.97%.

This electrical weapons market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electrical weapons market segmentation by type (non-lethal and lethal) and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The electrical weapons market report also offers information on several market vendors, including Albayraklar Group, Almaz Antey Air and Space Defense Corp., Axon Enterprise Inc., BAE Systems Plc, Combined Systems Inc., Cotran Corp., EURO SECURITY PRODUCTS s.r.o., Honeywell International Inc., Lockheed Martin Corp., MARCH GROUP LTD., Miller Manufacturing Co., Mitsubishi Heavy Industries Ltd., Naval Group, OBERON ALPHA, Raytheon Technologies Corp., Safariland LLC, SHYH SING ENTERPRISE CO. LTD., StunTronics LLC, TBOTECH Safety and Security LLC, and Textron Inc. among others.

What will the Electrical Weapons Market Size be During the Forecast Period?

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Electrical Weapons Market: Key Drivers, Trends, and Challenges

The growing asymmetric warfare across the world is notably driving the electrical weapons market growth, although factors such as stringent regulatory norms may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electrical weapons industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electrical Weapons Market Driver

The growing asymmetric warfare across the world is one of the major drivers impacting the electrical weapons market growth. Asymmetric warfare or irregular warfare is one in which the military capabilities and strategies adopted by belligerent forces are significantly different. Guerrilla warfare is a form of asymmetric warfare, which engages militant groups and a conventional army. In most cases, these groups do not occupy large, well-established bases and employ attack tactics, such as ambush and terrorist attacks, avoiding open battles. They either draw their opponent to a terrain suited to the former or launch strategic surprise attacks owing to their greater mobility. Night combat is a strategy largely adopted by guerrilla fighters. The significant involvement of the US in asymmetric warfare led to the development of sophisticated electrical weapons over the last decade.

Key Electrical Weapons Market Trend

Growth in battlefield digitization is one of the major trends influencing the electrical weapons market growth. Technology upgrades have improved situational awareness of modern electrical weapons. Modern versions of prominent electrical weapons, such as the Stinger, are equipped with multiple new technologies, such as dual-mode seeker and identification friend or foe (IFF) systems. The IR and UV technology enhances the targeting efficiency of the Stinger by making it less prone to countermeasures which include flares. Moreover, the IFF system gives an audio alert to the operator in case the weapon is directed toward a friendly vehicle. The Indian Navy Indigenisation Plan (INIP) 2015-2030 to enable the development of equipment and systems has been strengthening efforts, especially in weapons and aviation development-. Some of the focus areas of the plan include indigenous design and development and production of anti-submarine weapons and sensors, Satcom, and electronic warfare equipment. Such plans will increase the adoption rate of electrical weapons by forces, which, in turn, will drive the growth of the market.

Key Electrical Weapons Market Challenge

Stringent regulatory norms are one of the major challenges impeding the electrical weapons market growth. Vendors in the global electrical weapons market are required to adhere to the stringent regulatory norms of different countries such as the US, Canada, and others. Most of the vendors work with government organizations and defense departments within various countries. Therefore, manufacturers in the market are required to comply with stringent regulations at the federal, state, and local levels. These stringent regulations hurt the market in focus. Incidences of civilian injury and death have further rigidified such regulatory norms. For instance, in May 2022, the Canadian government finalized long firearm regulations that ensure someone buying a gun has a valid license and requires vendors to keep sales and inventory records. The government also revealed it would require sellers to verify the validity of a firearm license before selling a non-restricted firearm, such as a basic rifle or shotgun. These regulations by the government will negatively impact the market.

This electrical weapons market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global electrical weapons market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electrical weapons market during the forecast period.

Who are the Major Electrical Weapons Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Albayraklar Group
• Almaz Antey Air and Space Defense Corp.
• Axon Enterprise Inc.
• BAE Systems Plc
• Combined Systems Inc.
• Cotran Corp.
• EURO SECURITY PRODUCTS s.r.o.
• Honeywell International Inc.
• Lockheed Martin Corp.
• MARCH GROUP LTD.
• Miller Manufacturing Co.
• Mitsubishi Heavy Industries Ltd.
• Naval Group
• OBERON ALPHA
• Raytheon Technologies Corp.
• Safariland LLC
• SHYH SING ENTERPRISE CO. LTD.
• StunTronics LLC
• TBOTECH Safety and Security LLC
• Textron Inc.

 

This statistical study of the electrical weapons market encompasses successful business strategies deployed by the key vendors. The electrical weapons market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electrical weapons market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electrical Weapons Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the electrical weapons market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Electrical Weapons Market?

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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for electrical weapons market in North America. Market growth in this region will be faster than the growth of the market in other regions.

Advances in electrical weapons will facilitate the electrical weapons market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the negative economic impact of the COVID-19 pandemic made some countries in North America reassess their electrical weapons orders and imports. Governments in countries such as the US, Canada, and Mexico imposed stringent COVID-19-related restrictions, such as nationwide lockdowns and stay-at-home regulations, especially in 2020. However, at the same time, even at the peak of the pandemic in 2020, several countries signed large contracts for major arms deals, which increased the demand for electrical weapons in the region, which, in turn, will fuel market growth and it is expected to continue during the forecast period.

What are the Revenue-generating Type Segments in the Electrical Weapons Market?

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The electrical weapons market share growth in the non-lethal segment will be significant during the forecast period. The increasing violence and political instability across the world have resulted in several countries taking precautions and equipping their military and police forces with non-lethal weapons. Furthermore, the COVID-19 pandemic forced governments to impose stay-at-home orders in several countries in 2020. This increased the demand for non-lethal weapons across the world to make sure that people were following the rule imposed.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electrical weapons market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Electrical Weapons Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 17.97%
Market growth 2022-2026	$ 9.76 billion
Market structure	Fragmented
YoY growth (%)	13.54
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 36%
Key consumer countries	US, Israel, China, Russia, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Albayraklar Group, Almaz Antey Air and Space Defense Corp., Axon Enterprise Inc., BAE Systems Plc, Combined Systems Inc., Cotran Corp., EURO SECURITY PRODUCTS s.r.o., Honeywell International Inc., Lockheed Martin Corp., MARCH GROUP LTD., Miller Manufacturing Co., Mitsubishi Heavy Industries Ltd., Naval Group, OBERON ALPHA, Raytheon Technologies Corp., Safariland LLC, SHYH SING ENTERPRISE CO. LTD., StunTronics LLC, TBOTECH Safety and Security LLC, and Textron Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Electrical Weapons Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive electrical weapons market growth during the next five years
• Precise estimation of the electrical weapons market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the electrical weapons industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of electrical weapons market vendors

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