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Smoke Grenade Market – Sales Revenue, Opportunity Assessment, Emerging Technologies, Competitive Landscape and Regional Forecast to 2023

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Smoke Grenade Market – Sales Revenue, Opportunity Assessment, Emerging Technologies, Competitive Landscape and Regional Forecast to 2023

September 01
05:49 2019
Smoke Grenade Market – Sales Revenue, Opportunity Assessment, Emerging Technologies, Competitive Landscape and Regional Forecast to 2023

Smoke Grenade Market
Army & Naval Operations to Trigger the Demand from Trajectory of Smoke Grenade Market

Market Scenario:

The global smoke grenade market is anticipated to garner a CAGR of 5% during the forecast period (2018-2023), Market Research Future (MRFR) reveals in a detailed report. Smoke grenades are specially designed for outdoor purposes like crowd control. Smoke grenades are high volume. Slow-burning device, which deploys huge quantities of grey-white smoke. They are generally canister-type grenades used for marking a location, signaling purposes, fireworks display, paintball games, and hiding the movement of soldiers during conflicts. They spread a huge amount of smoke when compared to normal smoke bombs used in fireworks.

Market Potential and Pitfalls:

Smoke grenades are predicted to experience a sturdy growth in the foreseeable future due to the surging demand for smoke grenades for riot controls across countries. Smoke grenades cost less and are easily available, which triggers its demand. The growth in the army and naval operations, an increase in internal violence, and crowd control measures are predicted to encourage the market growth in the coming years. With the increasing air and naval operation, coupled with the growing number of hostile agitations, the smoke grenade market is witnessing high demand. Surging need for crowd control activities owing to civilian unrest, growth in internal violence, and protests in several parts of the world has further encouraged the growth of the market.

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Colored smoke grenades are witnessing high demand from gaming and photography applications, which further promotes the market growth. The development of handheld multi-shot grenade launchers and eco-friendly smoke grenades are likely to trigger the demand from the smoke grenade market. Moreover, the market has been further cushioned by the R&D activities to produce lightweight smoke equipped with protection features.

On the contrary, the risk of toxic contamination associated with smoke grenade is anticipated to vitiate the growth of the market across the globe.

Segmental Analysis:

The global smoke grenade market is segmented on the basis of type, application, and end-user.

By type, the smoke grenade market is segmented into micro smoke grenade, burst smoke grenade, wire pull smoke grenade, and others. Of these, the burst smoke grenade segment is extensively being adopted by the military sector as it offers a larger amount of smoke.

By application, the smoke grenade market is segmented into screening & obscuring, signaling, riot control, and others.

By end users, the smoke grenade market is segmented into law enforcement, military & defense, and others. Among these, the military & defense segment is predicted to gain prominence as smoke grenades are highly used by the military as well as naval forces to camouflage and conceal in the battlefields. Smoke grenades can emit a large amount of smoke and offer a thick screen for swift movement of the soldiers. Due to these factors, smoke grenades find application in the military & defense segment.

Regional Frontiers:

Geographically, the smoke grenade market spans across Europe, Asia Pacific, North America, South America, and the Middle East & Africa.

Considering the global scenario, the Asia Pacific is likely to emerge as the fastest evolving region due to the growth in crowd management situations, especially in economies like China, India, and South Korea.

North America acquires the lion’s share in the global market, mainly due to the huge investments made in smoke grenade by Canada and the U.S. In this region, the U.S. is considered to be a major manufacturer and is home to several industry bigshots. The increased demand for smoke grenade due to the increased number of riots and hostile agitations has propelled the market growth. Smoke grenades are high in demand in countries like France, the U.K., Germany, and Russia, which further contributes to the market growth.

The Asia Pacific is likely to emerge as the fastest growing region due to the tremendous demand for smoke grenades, especially from the regions like China and India, owing to the increasing protests and riots.

Industry Updates:

The military has embraced drone grenade for military operations. A new type of weaponized drone has been exhibited in Florida recently. The Drone-40 is a low-cost 40mm munition, that can be flown remotely into enemy territory and detonated. The device can be fired from a conventional grenade launcher before helicopter-style rotors are deployed so that it keeps aloft.

Competitive Dashboard:

The prominent players operating in the global smoke grenade market include Chemring Group PLC (US), Centanex (UK), Combined Systems (US), Condor Non-Lethal Technologies (Brazil), Enola Gaye (US), DAEKWANG CHEMICAL Co., Ltd. (South Korea), Safariland, LLC (US), Rheinmetall AG (Germany), 3rd Light Limited (UK), Sport Smoke, LLC (US).

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have a supreme objective to provide the optimum quality market research and intelligence services to our clients.

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