Non-lethal Biochemical Weapons Market Research Report and Forecast Non-lethal Biochemical Weapons Market

Non-lethal Biochemical Weapons Market -
Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024
Global Non-Lethal Biochemical Weapons Market: Snapshot
The rising occurrence of political unrest and armed violence has compelled
governments to look for methods of countering boisterous crowd but without
causing injuries. Because non-lethal biochemical weapons optimize the risk of
unintended or incidental casualties, there use in dispersing crowd in policing
situations has increased. The global non-lethal biochemical weapons market will
therefore witness lucrative opportunities in regions exhibiting a high defense
expenditure. For instance, the demand for non-lethal biochemical weapons is high in
India, South Korea, China, and Turkey is considerably high as these countries
showcase a high budget allocation to the defense sector. Besides the market is also
expected to gain from the increasing research and development in this sector.
On the downside, stringent regulations, opposition from human rights association,
and the declining budget allocation for the defense sector in developed economies
will pose threat to the market. Nevertheless, Transparency Market Research (TMR)
forecasts the global non-lethal biochemical weapons market to exhibit a CAGR of
8% between 2016 and 2024. At this pace, the market is projected to reach US$2.32
bn by the end of 2024, from a valuation of US$1.17 bn in 2015.
View Report @ http://www.transparencymarketresearch.com/non-lethal-
biochemical-weapons-market.html
Middle East and Africa
Biochemical Weapons
Exhibit
Strongest
Demand
for
Non-lethal
Asia Pacific, Europe, North America, Latin America, and the Middle-east and Africa
constitute the key regional segments in the global non-lethal biochemical weapons
market. Among these regions, the demand witnessed in the Middle East and Africa
is the highest. The region held a dominant share of 35% in the overall market in
2015, trailed by North America. This trend is forecast to remain constant through
the course of the forecast period, during which Asia Pacific will also emerge as a
lucrative market.
The rising allocation to the defense budget and the use of innovative weaponry to
counter policing situations are expected to bolster opportunities the non-lethal
biochemical weapons manufacturers in Asia Pacific. The demand from the military
forces segment is forecast to be the highest in the region. Besides this, the demand