Europe Smoke Grenade Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis.

The Europe smoke grenade market size is expected to reach US$ 129.41 million by 2031 from US$ 93.44 million in 2023. The market is estimated to record a CAGR of 4.2% from 2023 to 2031.

Executive Summary and Europe Smoke Grenade Market Analysis:

In Europe, smoke grenades find increasing use in signaling, screening, obscuring, riot control, and marking of landing zones. The Europe smoke grenade market was valued at US$ 93.44 billion in 2023 and is expected to reach US$ 129.41 billion by 2031, registering a CAGR of 4.2% during the forecast period. This can be attributed to the rise in demand for smoke grenades in law enforcement, military, and commercial applications in the region. The Europe smoke grenade market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe.

The military expenditure in the region has increased from US$ 355.7 billion in 2022 to US$ 465.8 billion in 2023. Russia accounted for the largest military expenditure share, with a share of 23.4% in 2023, followed by the UK, Germany, and France, as per the report from SIPRI. Such a rise in military equipment and infrastructure spending is expected to boost the smoke grenade market growth from 2023 to 2031. The ongoing Russia-Ukraine war in the region increased the military spending in the region in 2023. Such a rise in military expenditure in the region is anticipated to boost the demand for smoke grenades from 2023 to 2031.

Europe Smoke Grenade Market Strategic Insights

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Europe Smoke Grenade Market Segmentation Analysis

Key segments that contributed to the derivation of the Europe smoke grenade market analysis are type, application, and end user.

• Based on type, the Europe smoke grenade market is bifurcated into hand operated and launcher operated. The hand operated held a larger share of the market in 2023.
• Based on application, the Europe smoke grenade market is segmented into signaling, screening and obscuring, riot control, and others. The signaling held the largest share of the market in 2023.
• Based on end user, the Europe smoke grenade market is bifurcated into military & law enforcement and commercial. The military & law enforcement held a larger share of the market in 2023.

Europe Smoke Grenade Market Outlook

The rise in demand for signaling applications, specifically for ground-to-air signaling, is one of the major factors driving the growth of the smoke grenade market across different regions. This is further fueled by the need for smoke signaling in search and rescue operations. The longer operational capability of smoke grenades provides suitable capability to the search and rescue teams to provide operational support for their respective operations at remote or urban locations. 

Helicopters, vertical take-off and landing (VTOL) aircraft, and parachuting applications require signaling for which smoke grenades are used. The rising number of aircraft and VTOL aircraft operations, propelled by the increasing fleets of helicopters and VTOL aircraft, is generating the need for more volumes of smoke signals, further propelling the growth of the smoke grenade market across different regions.

Another major factor supporting the demand for ground-to-air signaling applications is the rising number of helipads and vertiports that are used for take-off/landing operations of helicopters and VTOL aircraft. Such projects will increase the number of helipads in the country, further driving the demand for signaling cartridges such as illumination rounds and smoke grenades. Similarly, several other countries, such as Indonesia, Japan, South Korea, Malaysia, Canada, Italy, and the UK, have been currently focusing on constructing and upgrading helipads and vertiports across their respective regions, which is further driving the demand for smoke grenades, specifically for ground-to-air applications. For instance, in January 2023, Siemens and Skyway collaborated to develop vertiport infrastructure, especially for emerging VTOL aircraft operations.

Europe Smoke Grenade Market Country Insights

Based on country, the Europe smoke grenade market comprises Germany, France, Italy, the UK, Russia, and the Rest of Europe. Russia held the largest share in 2023.

Since Russia invaded Ukraine in February 2022, the government has increased spending in the military and defense sectors in 2022 and 2023. In addition, in the proposed budget for 2024 by the Government of Russia, the country aims to spend 6% of the total GDP on military and defense spending. As per SIPRI, the military spending by Russia in 2023 was ~US$ 109 billion, which increased by 24% from 2022 to 2023. Such a rise in military expenditure from the government is expected to fuel the demand for smoke grenades in the coming years. Moreover, product developments in the smoke grenade industry are anticipated to further propel the smoke grenade market growth from 2023 to 2031. For instance, in August 2022, TsNIITochmash (an Arms industry company) launched a new smoke grenade named RDG-U at the Army-2022 military expo. This new grenade features operational capability at -50 degrees Celsius to +55 degrees Celsius. Such product developments in the smoke grenade industry are anticipated to boost the smoke grenade market growth in the coming years.

Europe Smoke Grenade Market Report Highlights

Europe Smoke Grenade Market Company Profiles

Some of the key players operating in the market are ARSENAL; Rheinmetall AG; Chemring Group Plc; Condor Non-Lethal Technologies; Nammo AS; NonLethal Technologies, Inc.; Centanex Ltd; 3rd Light Ltd; Wescom Group; and HFI Pyrotechnics Inc, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

Europe Smoke Grenade Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.
• Industry trade journals and other relevant publications.
• Government documents, statistical databases, and market reports.
• News articles, press releases, and webcasts specific to companies operating in the market.

Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

• Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.
• Enhance the expertise and market understanding of the analysis team.
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

Europe Smoke Grenade Market Country and Regional Insights