Electroshock Weapons Market 2018 Global Key Players: Axon, OBERON-ALPHA, MARCH GROUP, Safariland, TBOTECH Safety & Security

Market Highlights:

Rising demand for crowd control weapons is one of the key drivers of global electroshock weapons market. Factors such as civil unrest, due to economic and political crises, across the globe have compelled the military and law enforcement agencies to adopt such weapons without causing severe injury. Moreover, adoption of technologically enhanced weapons and increasing military expenditure by countries across the globe are also the major factors driving the global electroshock weapons market. 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.

The law enforcement agencies play a vital role in maintaining peace and protecting the civilians. So, the rising demand for less lethal weapons has resulted in the growth of the law enforcement segment. It is expected to grow at a comparatively higher CAGR during the forecast period, with huge investments being made by key players for the development of compliance weapons in applications such as riot control, cross border control and others.

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Market Highlights:

BAE Systems,
General Atomics,
Lockheed Martin,
Raytheon,
Safran,
Bionic Power,
Ekso Bionics,
20 Knots Plus,
Revision Military,
SpringActive, and SRI International. In 2016, these companies accounted for a share of % of the global market.

Segmentation
As of 2016, North America dominated the global electroshock weapons market, due to technological advancements, and rising incidences of terrorism and civil unrest in the region. However, Asia-Pacific is expected to witness the highest growth during the forecast period. Increasing investments for the development of multifunctional weapons, is expected to drive the market in the region.
An electroshock weapon is an incapacitate weapon used for incapacitating a person by administering electric shock aimed at disrupting superficial muscle functions. One type is a conductive energy device, which fires projectiles that administer the shock through a thin, flexible wire. Other electroshock weapons such as stun guns, stun batons, and electroshock belts administer an electric shock by direct contact. The global electroshock weapons market is anticipated to grow at 6.2% CAGR, during the forecast period.

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.

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