C&M: Global market for non-lethal weapons driven by increase in global defence budget
Global Non-lethal Weapons Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 14:52:04
The Global Non-lethal Weapons market is 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 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.
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