Non-lethal Biochemical Weapons Market: Foreseen To Prosper High Growth Industry Innovations Forecasting By 2016 - 2024
According to Transparency Market Research (TMR), the global non-lethal biochemical weapons market is moderately consolidated due to the dominance to few market players. General Dynamics Corporation and Raytheon Companies holds 57% of the market share as of 2015. BAE systems is considered to be the third leading player in this market. It has been analyzed that in coming years, the position held by these three companies will change owing to the research and development activities. Textron Systems, Corp., Lamperd Less Lethal, QinetiqGroup, Inc., Moog, Inc., Chemring Group PLC., TASER International, Inc., and LRAD Corporation are some of the other players working in the global non-lethal biochemical weapons market. Entry of new entrants is also projected to join the market in coming years As per the report analyzed by TMR, the market is projected to expand at 8.0% of CAGR during the forecast period from 2016 to 2024. The valuation of the market was US$1.17 bn in 2015 th...