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

The North America smoke grenade market size is expected to reach US$ 164.49 million by 2031 from US$ 106.96 million in 2023. The market is estimated to record a CAGR of 5.5% from 2023 to 2031.

Executive Summary and North America Smoke Grenade Market Analysis:

The key countries contributing to the North America smoke grenade market growth include the US, Canada, and Mexico. This can be attributed to the rise in demand for smoke grenades in law enforcement, military, and other commercial applications in the region. In addition, the rise in military expenditure by the countries in North America is anticipated to fuel the demand for smoke grenades in the coming years. As per the Stockholm International Peace Research Institute report, the military expenditure in North America was valued at US$ 955 billion in 2023, an increase from US$ 912.4 billion in 2022. The rise in military expenditure in the region is anticipated to boost the demand for smoke grenades during the forecast period. Moreover, the rise in initiatives by the companies to develop sustainable smoke grenades, owing to the increased GHG emission reduction regulations, is expected to create opportunities for the key players towards the development of smoke grenade operating in the market.

North America Smoke Grenade Market Strategic Insights

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North America Smoke Grenade Market Segmentation Analysis

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

• Based on type, the North America 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 north America 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 North America smoke grenade market is bifurcated into military & law enforcement and commercial. The military and law enforcement held a larger share of the market in 2023.

North America Smoke Grenade Market Outlook

The defense budget allocation supports army and military forces to procure advanced technologies and equipment from domestic or international developers. There is an increase in military and army vehicle upgrades owing to the growing defense budget allocation. Furthermore, the increasing governmental expenditure showcases governments' focus on strengthening national security forces. There is an increased need to reinforce military and border security forces with advanced surveillance, communication, navigation equipment, artilleries, armaments/ammunitions, and vehicles, among others; hence, military forces worldwide are focusing on investing significant amounts in procuring pyrotechnic munitions and other less lethal products. Defense forces' constant inclination to acquire new technologies for noncombat and combat operations further boosts military expenditure worldwide.

As per the Stockholm International Peace Research Institute, the US, China, India, Russia, and Saudi Arabia were the top five spenders in 2023, accounting for ~63% of global expenditures. The figure given below depicts the yearly spending of these countries.

Military Expenditure of Top Five Countries (2021–2023)

Source: SIPRI

The increasing military expenditure encourages procurements of pyrotechnic munitions and less-lethal products such as illumination rounds, smoke grenades, flashbang grenades, rubber-bullet shotguns, and concussion grenades. In addition, a high military budget supports the countries in assigning resources for advancing and upgrading their artillery ammunition.

Further, the rise in geopolitical conflicts among countries is another major factor generating awareness among different countries for the procurement of ammunition and pyrotechnic munitions to strengthen their respective armed forces. The rise in regional conflicts has created the need for training and drill exercises for the armed forces, which boosts the demand for smoke grenade market, along with other simulation training products.

North America Smoke Grenade Market Country Insights

Based on country, the North America smoke grenade market comprises the US, Canada, and Mexico. The US held the largest share in 2023.

Smoke grenades are increasingly used in law enforcement, military, and commercial applications in the US. Smoke grenades are used for ground-to-air or ground-to-ground signaling, landing zone marking, and screening unit movements. In addition, the rise in demand for smoke grenades in safe army movement by the US military is anticipated to drive market growth in the coming years. Moreover, the rise in demand for smoke grenades from commercial applications, including movie production, skydiving, large-scale events, and sports events, is anticipated to drive market growth during the forecast period.

A rise in government initiatives and investment toward boosting the defense sector in the US is anticipated to further fuel the demand for smoke grenades in the coming years. As per the data from SIPRI, the US ranked first in military expenditure globally and was valued at US$ 916 billion in 2023, an increase of 2.3% from 2022 to 2023. Such a rise in government spending toward boosting the military sector in the country is expected to propel the demand for smoke grenades in the coming years. Key players operating in the value chain of the smoke grenade market include Sport Smoke L.L.C., Enola Gaye USA., I.W.A International Inc, Superior Signal Company L.L.C., Infidel Body Armor, Amped Airsoft, and Defense Technology.

North America Smoke Grenade Market Report Highlights

North America 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.

North America 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

North America Smoke Grenade Market Country and Regional Insights