Latin America Non-lethal Weapons Market: Growth Analysis By Revenue, Size, Share, Scenario on Latest Trends, Types and Applications and Forecast: 2022-2031

Japan, Japan, Thu, 31 Mar 2022 22:42:45 / Comserve Inc. / -- The Latin American non-lethal weapons market is anticipated to register a CAGR of over 3% during the forecast period.

The Latin American non-lethal weapons market is anticipated to register a CAGR of over 3% during the forecast period.

- 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.

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Key Market Trends

Law Enforcement Segment Held the Largest Share in 2019

The law enforcement segment held the largest market share in 2019, and it 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, with the local economic crisis and political instability in the countries being 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 2019, Brazil occupied the largest share in 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 the 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 in the country. Non-lethal weapons, like tear gas, rubber bullets and batons, pepper spray, and tasers, are prioritized in police operations all 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 are anticipated to prompt more sales in the country. In addition, certain units of the Brazilian military are also 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.

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Competitive Landscape

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.

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