IMARC Group, a leading market research company, has recently releases report titled “Smoke Grenade Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global smoke grenade market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the smoke grenade market?
|Market Size in 2022||US$ 485.6 Million|
|Market Forecast in 2028||US$ 670.9 Million|
|Growth rate (2023 to 2028)||CAGR of 5.3%|
|Base Year of the Analysis||2022|
What is smoke grenade?
A smoke grenade is an enclosed, container-like device that emits white or colored smoke when ignited and is utilized for both military and commercial purposes. It consists of four emitter holes on top and one on the bottom, allowing smoke to escape when activated. It has a greater range than regular smoke bombs, making it possible to target a larger area. It is widely used to signal team members, mark a location, or make it easier for others to find a person or place. In combat, a smoke grenade can mark an artillery or bombing target, disorient opponents before an assault, or identify positions. At present, the smoke grenade also finds extensive applications in various games, firework displays, and festive celebrations across the globe.
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What are the growth prospects and trends in the smoke grenade?
The global smoke grenade market is primarily driven by the increasing instances of war, crime, and conflicts between several countries due to growing geopolitical tensions. Moreover, the rising product utilization by law enforcement agencies to curb internal violence, protests, and civilian unrest to manage difficult situations and control crowds effectively is positively influencing the market growth. Additionally, the increasing demand for eco-friendly smoke grenades owing to surging awareness about toxic contamination has catalyzed market growth. Furthermore, continuous product innovations, including the development of advanced handheld multi-shot grenade launchers, are contributing to the market growth. Other factors, including widespread product utilization in training exercises, reduction in smoke grenade production costs, and rapid urbanization, are also anticipated to propel the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
- Burst Smoke Grenade
- Wire Pull Smoke Grenade
- Micro Smoke Grenade
- Screening and Obscuring
- Riot Control
End User Insights
- Military and Defense
- Law Enforcement
Breakup by Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 3rd Light Ltd.
- Centanex Ltd.
- Combined Systems Inc.
- Daekwang Chemical Co. Ltd.
- Defense Technology LLC (Safariland LLC)
- Nammo AS
- Nonlethal Technologies Inc.
- Rheinmetall AG
- Sport Smoke LLC
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