The global Stun Gun Market is estimated to be valued at US$ 5.46 Bn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Stun guns, also known as Tasers, are non-lethal weapons used for temporary incapacitation. They disable a person by disrupting muscle control or pain signals passing along nerves. Stun guns are often used by security guards and law enforcement as a less-than-lethal alternative to firearms.
Market key trends:
Growing demand for non-lethal weapons from law enforcement agencies and security firms is expected to drive the stun gun market over the forecast period. Stun guns provide security forces with a viable alternative to firearms that allows for temporary incapacitation without loss of life. They can disable targets at a safe distance, reducing risk to both officers and suspects. Rising terrorism threats and civil unrest have motivated greater investment in non-lethal crowd control weapons.
Segment Analysis
The global stun gun market is segmented on the basis of type, end user and region. Based on type, the stun gun market is segmented into contact stun guns and distance stun guns. The contact stun guns segment dominates the market as they are cheaper as compared to distance stun guns and easy to handle. Contact stun guns deliver high voltage for a very short time through direct contact with the target. Based on end user, the stun gun market is segmented into law enforcement, civilian and military. The law enforcement segment dominates the market as stun guns help law enforcement officers to incapacitate suspects without causing serious injury.
Key Takeaways
The global stun gun market is expected to witness high growth, exhibiting CAGR of 4.0% over the forecast period, due to increasing adoption for self-defense purposes.
Regional analysis: North America dominates the stun gun market currently due to high firearms restrictions in some countries like US. Asia Pacific is expected to be the fastest growing market due to rising crime rates and increasing focus on public safety in developing countries like India and China.
Key players: Key players operating in the stun gun market are Euro Security Products, MARCH, Nova Security, Shyh Sing Enterprise, TASER International, and Jiun An Technology. The market leaders like TASER International spend heavily on research and development to develop new and innovative stun guns with improved safety and effectiveness.
The global stun gun market size was valued at US$ 5.46 BN in 2023. With rising concerns over safety and security across the world, the demand for non-lethal self-defense equipment like stun guns is expected to grow steadily globally.
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