At 7.8% CAGR, the Asia Pacific Smoke Grenade Market is Projected to be Worth US$ 132.41 Million by 2031, Says Business Market Insights 

According to Business Market Insights' research, the Asia Pacific smoke grenade market was valued at US$ 72.81 in 2023 and is expected to reach US$ 132.41 million by 2031, registering a CAGR of 7.8% from 2023 to 2031. Collaborations of companies with armed forces for live training simulation and upgrade of military vehicles with enhanced smoke grenade launching systems are among the critical factors attributed to the Asia Pacific smoke grenade market expansion.

The military forces worldwide conduct drilling operations to keep their forces trained all the times. The military training exercises combine various types of military operations and involve a lot of pyrotechnic munitions, including smoke grenades, to create a live simulation environment. The pyrotechnic munition companies collaborate with military forces to supply an adequate volume of smoke grenades for the military's live simulation training exercises. This has led to an increase in the adoption of live pyrotechnic munitions, such as illumination signal rounds, markers, and smoke grenades, across different regions. Military exercises organized during the nighttime involve many pyrotechnic illuminations and signaling rounds, which is another major factor supporting the adoption of pyrotechnic munition for live training simulation, including the colored smoke grenades. The increase in the use of pyrotechnics for military training is catalyzing the smoke grenade market.

On the contrary, certification challenges and existence of counterfeit products hamper the growth of Asia Pacific smoke grenade market.

Based on type, the Asia Pacific smoke grenade market is bifurcated into hand operated and launcher operated. The hand operated segment held 76.1% share of the Asia Pacific smoke grenade market in 2023, amassing US$ 55.42 million. It is projected to garner US$ 102.32 million by 2031 to expand at 8.0% CAGR during 2023–2031.

Based on application, the Asia Pacific smoke grenade market is segmented into signaling, screening and obscuring, riot control, and others. The signaling segment held 47.9% share of the Asia Pacific smoke grenade market in 2023, amassing US$ 34.52 million. It is projected to garner US$ 61.31 million by 2031 to expand at 7.4% CAGR during 2023–2031.

Based on end user, the Asia Pacific smoke grenade market is segmented into military & law enforcement and commercial. The military & law enforcement segment held 78.1% share of the Asia Pacific smoke grenade market in 2023, amassing US$ 56.88 million. It is projected to garner US$ 101.09 million by 2031 to expand at 7.5% CAGR during 2023–2031.

Based on country, the Asia Pacific smoke grenade market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held 46.5% share of Asia Pacific smoke grenade market in 2023, amassing US$ 33.83 million. It is projected to garner US$ 65.81 million by 2031 to expand at 8.7% CAGR during 2023–2031.

Key players operating in the smoke grenade 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.

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