Electroshock Weapons Market 2019
Description: –
According to a report, the global electroshock weapons market is expected to increase in a reflective manner. Electroshock weapons are incapacitating weapons that is used for disrupting superficial muscle functions of a person by inducing an electric shock. These types of weapons deliver electric shocks without causing any substantial damage to the suspect who could be a potential suspect and is a threat to law and order.
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Key Players
• Axon
• OBERON-ALPHA
• MARCH GROUP LTD.
• Safariland, LLC
• TBOTECH Safety & Security, LLC
Some of the factors that are driving the market size include growing demand for crowd control weapons and increasing civil unrest across the world due to economic and political crises has urged military and law enforcement agencies to use these kinds of weapons that do not cause severe injury. Using these weapons reduces the risk of fatality and can be used from a safer distance as well thus increasing the global demand of electroshock weapons.
Also, the growing deployment of military personnel in non-combat zones adhering law and order along with maintaining peace is likely to propel the market growth in the coming years. When lethal force is avoided in order to maintain human right laws, then the military personnel, police, and law enforcement agencies use these electroshock weapons. However, strict government regulations and concerns related to environment are some of the factors that might hinder the market growth.
Market Segmentation
The market of electroshock weapons has been segregated into type and end-users. Based on the type, the market has been divided into Direct Contact Weapons and Directed Energy Weapons. The direct energy weapons segment dominated the market in the past and is anticipated to register higher CAGR in the coming years as well. Based on the application, the market has been segmented into Military and Law Enforcement. Due to surge in demand for less lethal weapons by law enforcement agencies in order to maintain peace and protecting the citizens is fuelling the segment growth.
Detailed Regional Analysis
The global market of electroshock weapons has been analysed across the United States, Europe, India, Japan, China, and Southeast Asia. North American market dominated the global market in 2018 which is mainly due to increasing government investment in countries like US etc. However, the Asia-Pacific market is expected to register the highest CAGR in the coming years. Increasing military expenditure of developing countries such as China and India and rising regional conflicts are factors driving the market growth in the region. Moreover, growing military expenditure by the developing countries including China and India is also driving the global electroshock weapons market.
Competitive Landscape
With an aim to discourage usage of lethal weapons, more law enforcement agencies are using electroshock weapons to target prime suspects. The leading players operating in the market are formulating new plans and strategies to introduce enhanced weapons that can control violent situations involving civilians especially when use of lethal weapons is discourage. This market might see some huge activities by the key players in the coming years.
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