The global electroshock weapons market is expected to grow approximately at 6.2% CAGR during the period 2017 to 2023.
The major factors driving the global electroshock weapons market include the adoption of technologically enhanced weapons, and increasing military expenditure by countries, across the globe. Also, the deployment of military in non-combat zones to look after law and order and maintain peace, has also boosted the market growth. However, stringent government regulations, and environmental concerns, are expected to hinder the market growth.
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Market Research Analysis
The global electroshock weapons market has been analyzed based on the three segments, namely product type, end-user and regions.
On the basis of product type, the global electroshock weapons market is segmented as direct contact weapons and directed energy weapons. Direct contact weapons account for the largest share, due to the widespread use of such weapons.
Based on end-users, the global electroshock weapons market is bifurcated as military and law enforcement. The rising demand for electroshock weapons has boosted the growth of law enforcement segment. The law enforcement agencies help in maintaining peace and protecting the civilians. The electroshock weapons are majorly used when defendants are out of control, in order to avoid injury to officers in close contact situations.
Scope of the Report
This study provides an overview of the global electroshock weapons market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global electroshock weapons market by its product type, by end-user and region.
By Product Type
- Direct Contact Weapons
- Directed Energy Weapons
- Law Enforcement
- By Region
- Asia Pacific
- North America
- Rest of World
The key players of the global electroshock weapons market are Axon, OBERON-ALPHA, MARCH GROUP LTD., Safariland, LLC, and TBOTECH Safety & Security, LLC. In 2016, the top 5 players accounted for XX% share in global electroshock weapons market.