Electrical Weapons Market 2024-2028
The electrical weapons market is forecasted to grow by USD 7513.1 mn during 2023-2028, accelerating at a CAGR of 14.8% during the forecast period. The report on the electrical weapons market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing asymmetric warfare across world, significant focus on isr operations, and increasing investment on weapons.
Technavio's electrical weapons market is segmented as below:
- By Type
- Non-lethal
- Lethal
- By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the growth in battlefield digitization as one of the prime reasons driving the electrical weapons market growth during the next few years. Also, emergence of multi-featured electrical weapon systems and development of new electric weapons will lead to sizable demand in the market.
The report on the electrical weapons market covers the following areas:
- Electrical Weapons Market sizing
- Electrical Weapons Market forecast
- Electrical Weapons Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electrical weapons market vendors that include 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., Mart Group LLC, Miller Manufacturing Co., Mitsubishi Heavy Industries Ltd., Naval Group, Oberon Alpha, RTX Corp., Safariland LLC, Shyn Sing Enterprise Co. Ltd., StunTronics LLC, TBOTECH Safety and Security LLC, and Textron Inc.. Also, the electrical weapons market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.