An electric weapon is a type of incapacitating weapon. These types of weapons when used deliver electrical shock on a specific target area by disrupting function of muscle with severe pain without producing significant injury. Various type of electric weapon is available such as, batons, belts, stun guns which administers shock by direct contact however, conducted electrical weapons, TASER produces shock with the help of a wire. The key drivers for the market are, growing defense expenditure by countries, technological advancement in weapon technology.
MARKET DYNAMICS
The key market drivers for electric weapons market are, technological advancements, growing defense expenditure by countries like India, China, Russia, rising demand for crowd control weapons along with increasing incidences of civil wars, protests like things due to political and economies issues forces security agencies to deploy such devices for controlling the situation but not to produce injury. However, strict rules and regulations about using such weapons may restrict market growth during the forecast period.
MARKET SCOPE
The "Global Electric weapons Market Analysis to 2028" is a specialized and in-depth study of the electric weapons market with a special focus on the global market trend analysis. The report aims to provide an overview of electric weapons market with detailed market segmentation by product type and end user. The global electric weapons market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric weapons market player and offers key trends and opportunities in the electric weapons market.
MARKET SEGMENTATION
The global electric weapons market is segmented on the basis of product type and end user. On the basis of product type the market is bifurcated as, direct contact weapons, direct energy weapons. Further, on the basis of end user the market is segmented into, military and law enforcement.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electric weapons market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electric weapons market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting electric weapons market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces of analysis highlighting the factors affecting the electric weapons market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electric weapons market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electric weapons market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting electric weapons market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces of analysis highlighting the factors affecting the electric weapons market in these regions.
MARKET PLAYERS
The reports cover key developments in the electric weapons market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from electric weapons market are anticipated to lucrative growth opportunities in the future with the rising demand for electric weapons market. Below mentioned is the list of few companies engaged in the electric weapons market.
The report also includes the profiles of key electric weapons market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Axon
- OBERON-ALPHA
- March Group Ltd
- Safariland, LLC
- TBOTECH Safety and Security, LLC
- Combined Systems
- General Atomics
- BAE Systems
- Raytheon Technologies
- Lockheed Martin
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electric Weapons Market - By Product Type
1.3.2 Electric Weapons Market - By End User
1.3.3 Electric Weapons Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRIC WEAPONS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ELECTRIC WEAPONS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ELECTRIC WEAPONS MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRIC WEAPONS - GLOBAL MARKET OVERVIEW
6.2. ELECTRIC WEAPONS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRIC WEAPONS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. DIRECT CONTACT WEAPONS
7.3.1. Overview
7.3.2. Direct Contact Weapons Market Forecast and Analysis
7.4. DIRECT ENERGY WEAPONS
7.4.1. Overview
7.4.2. Direct Energy Weapons Market Forecast and Analysis
8. ELECTRIC WEAPONS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. MILITARY
8.3.1. Overview
8.3.2. Military Market Forecast and Analysis
8.4. LAW ENFORCEMENT
8.4.1. Overview
8.4.2. Law Enforcement Market Forecast and Analysis
9. ELECTRIC WEAPONS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electric Weapons Market Overview
9.1.2 North America Electric Weapons Market Forecasts and Analysis
9.1.3 North America Electric Weapons Market Forecasts and Analysis - By Product Type
9.1.4 North America Electric Weapons Market Forecasts and Analysis - By End User
9.1.5 North America Electric Weapons Market Forecasts and Analysis - By Countries
9.1.5.1 United States Electric Weapons Market
9.1.5.1.1 United States Electric Weapons Market by Product Type
9.1.5.1.2 United States Electric Weapons Market by End User
9.1.5.2 Canada Electric Weapons Market
9.1.5.2.1 Canada Electric Weapons Market by Product Type
9.1.5.2.2 Canada Electric Weapons Market by End User
9.1.5.3 Mexico Electric Weapons Market
9.1.5.3.1 Mexico Electric Weapons Market by Product Type
9.1.5.3.2 Mexico Electric Weapons Market by End User
9.2. EUROPE
9.2.1 Europe Electric Weapons Market Overview
9.2.2 Europe Electric Weapons Market Forecasts and Analysis
9.2.3 Europe Electric Weapons Market Forecasts and Analysis - By Product Type
9.2.4 Europe Electric Weapons Market Forecasts and Analysis - By End User
9.2.5 Europe Electric Weapons Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Electric Weapons Market
9.2.5.1.1 Germany Electric Weapons Market by Product Type
9.2.5.1.2 Germany Electric Weapons Market by End User
9.2.5.2 France Electric Weapons Market
9.2.5.2.1 France Electric Weapons Market by Product Type
9.2.5.2.2 France Electric Weapons Market by End User
9.2.5.3 Italy Electric Weapons Market
9.2.5.3.1 Italy Electric Weapons Market by Product Type
9.2.5.3.2 Italy Electric Weapons Market by End User
9.2.5.4 United Kingdom Electric Weapons Market
9.2.5.4.1 United Kingdom Electric Weapons Market by Product Type
9.2.5.4.2 United Kingdom Electric Weapons Market by End User
9.2.5.5 Russia Electric Weapons Market
9.2.5.5.1 Russia Electric Weapons Market by Product Type
9.2.5.5.2 Russia Electric Weapons Market by End User
9.2.5.6 Rest of Europe Electric Weapons Market
9.2.5.6.1 Rest of Europe Electric Weapons Market by Product Type
9.2.5.6.2 Rest of Europe Electric Weapons Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electric Weapons Market Overview
9.3.2 Asia-Pacific Electric Weapons Market Forecasts and Analysis
9.3.3 Asia-Pacific Electric Weapons Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Electric Weapons Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Electric Weapons Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Electric Weapons Market
9.3.5.1.1 Australia Electric Weapons Market by Product Type
9.3.5.1.2 Australia Electric Weapons Market by End User
9.3.5.2 China Electric Weapons Market
9.3.5.2.1 China Electric Weapons Market by Product Type
9.3.5.2.2 China Electric Weapons Market by End User
9.3.5.3 India Electric Weapons Market
9.3.5.3.1 India Electric Weapons Market by Product Type
9.3.5.3.2 India Electric Weapons Market by End User
9.3.5.4 Japan Electric Weapons Market
9.3.5.4.1 Japan Electric Weapons Market by Product Type
9.3.5.4.2 Japan Electric Weapons Market by End User
9.3.5.5 South Korea Electric Weapons Market
9.3.5.5.1 South Korea Electric Weapons Market by Product Type
9.3.5.5.2 South Korea Electric Weapons Market by End User
9.3.5.6 Rest of Asia-Pacific Electric Weapons Market
9.3.5.6.1 Rest of Asia-Pacific Electric Weapons Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Electric Weapons Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electric Weapons Market Overview
9.4.2 Middle East and Africa Electric Weapons Market Forecasts and Analysis
9.4.3 Middle East and Africa Electric Weapons Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Electric Weapons Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Electric Weapons Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Electric Weapons Market
9.4.5.1.1 South Africa Electric Weapons Market by Product Type
9.4.5.1.2 South Africa Electric Weapons Market by End User
9.4.5.2 Saudi Arabia Electric Weapons Market
9.4.5.2.1 Saudi Arabia Electric Weapons Market by Product Type
9.4.5.2.2 Saudi Arabia Electric Weapons Market by End User
9.4.5.3 U.A.E Electric Weapons Market
9.4.5.3.1 U.A.E Electric Weapons Market by Product Type
9.4.5.3.2 U.A.E Electric Weapons Market by End User
9.4.5.4 Rest of Middle East and Africa Electric Weapons Market
9.4.5.4.1 Rest of Middle East and Africa Electric Weapons Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Electric Weapons Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electric Weapons Market Overview
9.5.2 South and Central America Electric Weapons Market Forecasts and Analysis
9.5.3 South and Central America Electric Weapons Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Electric Weapons Market Forecasts and Analysis - By End User
9.5.5 South and Central America Electric Weapons Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Electric Weapons Market
9.5.5.1.1 Brazil Electric Weapons Market by Product Type
9.5.5.1.2 Brazil Electric Weapons Market by End User
9.5.5.2 Argentina Electric Weapons Market
9.5.5.2.1 Argentina Electric Weapons Market by Product Type
9.5.5.2.2 Argentina Electric Weapons Market by End User
9.5.5.3 Rest of South and Central America Electric Weapons Market
9.5.5.3.1 Rest of South and Central America Electric Weapons Market by Product Type
9.5.5.3.2 Rest of South and Central America Electric Weapons Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ELECTRIC WEAPONS MARKET, KEY COMPANY PROFILES
11.1. AXON
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. OBERON-ALPHA
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MARCH GROUP LTD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SAFARILAND, LLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. TBOTECH SAFETY AND SECURITY, LLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. COMBINED SYSTEMS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GENERAL ATOMICS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. BAE SYSTEMS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RAYTHEON TECHNOLOGIES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. LOCKHEED MARTIN
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Axon
2. OBERON-ALPHA
3. March Group Ltd
4. Safariland, LLC
5. TBOTECH Safety and Security, LLC
6. Combined Systems
7. General Atomics
8. BAE Systems
9. Raytheon Technologies
10. Lockheed Martin
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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