Smoke Grenade Market has been estimated to witness a CAGR of 5% during the forecast period | Smoke Grenade Industry Covers detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights
Smoke Grenade Market Scenario
Designed specifically for outdoor use in crowd control situations, the smoke grenade is a high volume, slow-burning device that deploys large quantities of grey-white colored smoke for approximately 1.5-2 minutes.
Smoke grenades are canister-type grenades, used primarily for signaling purposes, marking a location, hiding the movement of soldiers or police during conflict situations, and even for fireworks displays and paintball games. Smoke grenades spread a greater amount of smoke compared to normal smoke bombs, which are mostly used in fireworks.
An increase in naval and air operations and a number of riots and hostile agitation across the globe have increased the market demand. Additionally, growing need for effective crowd control activities, due to a rise in internal violence, civilian unrest, and protests in many parts of the world which further grows the market of smoke grenades. Furthermore, rise in demand for colored smoke grenades, which are used for photography and gaming applications, further increases the demand for smoke grenades.
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The rising need for the development of eco-friendly smoke grenades and handheld multi-shot grenade launchers further increases the growth of the market. Rising research and development activities to produce lightweight smoke with complete protection features expected to increase the market growth during forecast period. However, the risk of toxic contamination will hinder the growth of the market.
Smoke Grenade Market Segmentation:
On the basis of type, the market has been segmented into burst smoke grenade, micro smoke grenade, wire pull smoke grenade, and others. Among these, the burst smoke grenade is being widely adopted by militaries across the globe, as it provides the larger amount of smoke. On the basis of application, the market has been segmented into signaling, screening & obscuring, riot control and others. On the basis of end-user, the market has been segmented into military and defense, law enforcements & others.
On the basis of region, the global smoke grenade market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America accounted for the largest market share in 2017, due to the large investments in smoke grenade by the US and Canada.
The US is a major manufacturer of smoke grenade and is also home to most of the major companies. Similarly, Europe is one of the dominating players in the market, due to the high demand for smoke grenade, resulting from the rise in the number of riots and hostile agitations. Moreover, the high demand for smoke grenade in countries, such as the UK, France, Russia, and Germany, contribute majorly to the market growth.
Likewise, Asia-Pacific is expected to emerge as the fastest growing region during the forecast period. This is primarily due to the increase in crowd management situations in countries, such as India, China, and South Korea. Therefore, the global smoke grenade market has been estimated to witness a CAGR of 5% during the forecast period.
Smoke Grenade Market Key Players
The key players in the smoke grenade market are Centanex (UK), Chemring Group PLC (US), Condor Non-Lethal Technologies (Brazil), Combined Systems (US), DAEKWANG CHEMICAL Co., Ltd. (South Korea), Enola Gaye (US), Rheinmetall AG (Germany), Safariland, LLC (US), Sport Smoke, LLC (US), and 3rd Light Limited (UK).
The report for global smoke grenade market by Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance.
The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Table Of Contents
2.Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.2.3. List Of Assumptions
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
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