DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/49rdx7/global_nonlethal) has announced the addition of the "Global Non-lethal Weapons Market 2014-2018" report to their offering.
The analysts forecast the Global Non-lethal Weapons market to grow at a CAGR of 5.22 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increase in global defense budget. The Global Non-lethal Weapons market has also been witnessing the increase in R&D. However, the increase in raw material prices could pose a challenge to the growth of this market.
The key vendors dominating this market space are BAE Systems plc, Condor Non-Lethal Technologies, General Dynamics Corp., Non-Lethal Technologies Inc., and The Safariland Group.
Other vendors mentioned in the report are Brügger & Thomet AG, Lamperd Less Lethal, Inc., Metal Storm Ltd., Qinetiq Group plc, Raytheon Co., TASER International, Inc., and Textron Defense Systems.
Commenting on the report, an analyst from the team said: The Global Defense industry is investing extensively in R&D activities. This has resulted in the development of technologies that can help augment the endurance and survivability of army weapons in difficult atmospheric conditions. As a result of emerging technologies and changing environments, departments of defense in different countries are investing in new and improved non-lethal weapons. For instance, there is a rise in the demand for guns that require low maintenance and do not overheat. Therefore, with the increase in R&D, the demand for advanced non-lethal weapons is also increasing.
According to the report, one of the major drivers in this market is the increase in global defense budget. As a result of the increase in global defense budgets, the demand for non-lethal weapons is also expected to increase.
For more information visit http://www.researchandmarkets.com/research/49rdx7/global_nonlethal
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