The Latin America non-lethal weapons market is anticipated to register a CAGR of over 3% during the forecast period.
– The rise in civilian unrest and protests in the Latin America region has resulted in the governments taking precautions and arming the military and the police forces with non-lethal weapons to tackle such situations.
– Technological advancements, in terms of non-lethal weapons, are expected to provide growth opportunities for the players in the region in the years to come.
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Key Market Trends
Law Enforcement Segment had the Largest Share in 2019
The law enforcement segment contributed to the largest share in 2019, and it is also expected to maintain its dominance during the forecast period. The last three years saw numerous riots in countries like Brazil, Venezuela, Mexico, Chile, Peru, and Argentina, with the local economic crisis and political instability in the countries being the major reasons for the riots. In such situations, the non-lethal weapons play an important role in riot control, as they can be used as a less dangerous alternative to firearms, in order to reduce the risk of harm to the public, or in situations where some degree of force is necessary but where the use of firearms would be disproportionate. Law enforcement agencies include special, local, state police, federal agencies, or drug enforcement administration that use non-lethal or less-lethal weapons to avoid injury to officers in close contact situations. The use of non-lethal weapons by police forces is increasing, as such aforementioned incidents are on the rise in Latin American countries. Thus the growing requirement of crowd control weapons is propelling the growth of the law enforcement segment of the market studied.
Brazil is Expected to Dominate the Market During the Forecast Period
In 2019, Brazil occupied the largest share in the Latin America Non-lethal weapons market. This demand can be attributed to the growing civilian unrest and riots in the country. There is a surge in the prison riots in Brazil in recent years, claiming the lives of hundreds of people. A major reason behind the increasing prison riots is the lack of resources for the country’s overcrowded and underfunded prison system. As such, the government is focusing on mitigating the threats from such situations in the future, which is expected to help the growth of the non-lethal weapons in the country. In addition, urban violence, and civilian protests are on the rise in the country. Non-lethal weapons like tear gas, rubber bullets, and batons, pepper spray, and Tasers, have been prioritized in police operations all across Brazil. Non-lethal technology companies have witnessed a revenue increase of almost 30% in Brazil, and the overall government policy towards the use of less harmful devices are anticipated to prompt more sales in the country. In addition, certain units of the Brazilian military is also gradually increasing the stock of non-lethal weapons, such as electro-shock Taser guns at their disposal. All these factors are expected to help the growth of the market in Brazil in the years to come.
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Some of the prominent players in the market are Condor Non-Lethal Technologies, Lamperd Less Lethal Inc., Rheinmetall AG, Axon (Taser International Inc.), and Genasys, Inc. The global players, due to their brand value, may have easy penetration into the market and capture significant share, as there are limited players in the market in Latin America. The growing demand for non-lethal weapons is providing huge growth opportunities for players in Latin America. Technological innovations in terms of reduced collateral damage, while increasing the effectiveness of the products in terms of crowd control, will help the players in the market during the forecast period.
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