Rise in Military Expenditure to Positively Impact Electroshock Weapons Market Growth

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Market Analysis 

 

The global electroshock weapons market is likely to grow at a healthy CAGR between 2018- 2025, according to the new report by Market Research Future (MRFR). An electroshock weapon, simply put, is an incapacitating weapon which is used to disrupt superficial muscle functions of an individual by inducing electric shocks. It delivers electric shocks that aims to disrupt muscle functions temporarily or/and inflicting pain sans causing significant injury. Directed energy weapons and direct contact weapons are the different types of electroshock weapons that have wide applications in law enforcement and military. Several forms of these devices exist. Belts, batons or prods, and stun guns administer electric shocks through direct contact, and TASER conducted electric weapons fire projectiles which administer the shock with thin flexible wires.

 

Various factors are adding to the global electroshock weapons market growth. According to the new MRFR report, such factors include the deployment of military especially in the non-combat zones for looking after law & order and maintaining peace, rising military expenditure by countries all over the world, use of technologically advanced weapons, and civil unrest owing to the political and economic crisis the world over that has compelled the law enforcement and military agencies to use electroshock weapons sans causing severe injury. Additional factors adding market growth include growing demand for crowd control weapons, rise in military expenditure by crowd control weapons, and growing demand for crowd control weapons. 

 

On the contrary, environmental concerns, coupled with strict government regulations, are factors that may limit the global electroshock weapons market growth over the forecast period. Besides, the grave effect of the COVID-19 pandemic is also impacting the market growth. 

 

Market Segmentation 

 

The MRFR report provides an inclusive segmental analysis of the electroshock weapons market report based on end user and product type. 

 

By product type, the global electroshock weapons market has been segmented into directed energy weapons and direct contact weapons. Of these, the direct contact weapons segment will lead the market over the forecast period. Widespread use of these weapons is adding to the growth of the segment. 

 

By end users, the global electroshock weapons market is segmented into law enforcement and military. Of these, the law enforcement segment will dominate the market over the forecast period. Law enforcement agencies work wonders to maintain peace and protect civilians. Electroshock weapons are mostly utilized when defendants go out of control to prevent injury to officers in the close contact situation. 

 

Regional Analysis 

 

Based on the region, the electroshock weapons market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific, Latin America, & the Middle East and Africa. Of these, North America will have the lions share in the market over the forecast period. 

 

The global electroshock market in the APAC region is predicted to grow at the highest CAGR over the forecast period. Increasing regional conflicts coupled with the rising military expenditure of developing countries like India and China are adding to the global electroshock weapons market growth in the region. 

 

The global electroshock market in Europe is predicted to have healthy growth over the forecast period and in Latin America & the MEA is predicted to have sound growth over the forecast period. 

 

Key Players

 

Leading players profiled in the global electroshock weapons market report include TBOTECH Safety & Security, LLC, Safariland, LLC, MARCH GROUP LTD., OBERON-ALPHA, and Axon. Industry players have encompassed several strategies to stay ahead in the competition and also cater to the burgeoning needs of the customers. These strategies include yet are not limited to acquisitions and mergers, joint ventures and collaborations, new product development and new product launches, extensive research and development activities, contracts, partnerships, strategic alliances, among others.

 

Global Electroshock Weapons Market Research Report: by Product Type (Direct Contact Weapons and Direct Energy Weapons), End User (Military and Law Enforcement), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast till 2025 @ https://www.marketresearchfuture.com/reports/electroshock-weapons-market-4263

 

 

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