The North America less lethal and self-defense weapons market is not
dominated by individual players. It rather shows a list of top
companies that specialize in specific less lethal weapon types, finds
Transparency Market Research in a new study. Sig Sauer, Walther, and
Crosman are currently the three biggest manufacturers of air-powered
less lethal weapons. FOX Labs, MACE Security, SABRE are the leaders
in pepper spray manufacture. Force Heavens, Surefire, Streamlight,
and Tigerlight are the top contenders for manufacture and sales of
flashlights and others lighting devices. The Taser devices segment,
on the other hand, contains TASER International, Inc. as the only
major player.
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According to analysts at TMR, each key segment in the North America
less lethal and self-defense weapons market also holds a number of
patents – both filed and published – between 2012 and 2015, that
are expected to influence the market’s growth rate between 2015 and
2023. The future growth of this market will also rely on the
expressed potential of new entrants such as Salt Supply Co. and ARMA
USA.
Women Show a
Significant Increase in Purchase of Less Lethal and Self-defense
Weapons
Women’s safety has consistently been a major cause of concern for
civilians. In a bid to improve their safety, companies in the North
America less lethal and self-defense weapons market provide a large
array of women-specific self-defense measures in categories such as
stun guns, Taser devices, lighting devices, and pepper sprays. Over
the recent past, the sales of these products, especially through the
female population, has increased significantly, even making it a
major driver for the market. Additionally, companies are working to
improve the size, weight, and response time of each less lethal
weapon aimed at women to improve their effectiveness and
consequently, the player sales figures.
As a complementary fact to the high sales of less lethal self-defense
weapons by women, the category of pepper sprays is expected to
continue its lead over others in the North America less lethal and
self-defense weapons market. Pepper sprays were already the
most-purchased item in this market in 2014. Owing to the increasing
female owners of less lethal weapons and the convenience of carrying
and using pepper sprays as an effective deterrent, this segment is
expected to retain its dominance till 2023.
Ramped up R&D
Efforts Open Wider Opportunities for North America Less Lethal
Weapons Players
Two factors for all players in the North America less lethal and
self-defense weapons market for the coming few years is the rate at
which competitors are improving existing weapons technology and the
growing crime rates, especially in Canada.
One of the more recent entrances in the North America less lethal and
self-defense weapons market was in January 2013 by ARMA USA. The
release of their product, the ARMA 100 gun, which was approved by the
U.S. BATFE division. It is considered as a major improvement to
effective less lethal weapons and competitors has since improved
investment rates in the company’s research and development. Similar
examples can be seen from other players, both new and established.
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Thus, driven by increased sales of pepper sprays and an overall
growth in individual security among civilians, the North America less
lethal and self-defense weapons market is expected to progress at a
CAGR of 4.0% from 2015 to 2023. This market was valued at US$58.10 mn
in 2014 and is expected to reach US$82.16 mn by the end of 2023. The
dominant segment of pepper sprays is expected to reach a market value
of US$16.25 mn.
The above data was collated from a research report released by TMR,
titled “Civilian Less Lethal and Self Defense Weapons Market (By
Type - Air Power Weapons, Lighting Devices, Pepper Sprays, Knives,
Batons, Stun Guns, Tasers, Animal Repellants and Others) - North
America Industry Analysis, Size, Share, Growth, Trends and Forecast
2015 – 2023.”
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