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Published on: Aug 2020 | From USD $2900 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 80
The Asia-Pacific Riot Control Equipment Market is anticipated to register a CAGR of over 4% during the forecast period.
- The increasing dissatisfaction with the local governments in countries, like Thailand, Japan, South Korea, Indonesia, and Malaysia is leading to an increase in major violence and riots, generating the demand for riot control equipment market in this region.
- Technological advancements, in terms of less-lethal weapons, and along with unmanned aerial vehicles for surveillance and offensive purposes, like dropping low-velocity ammunition, pepper sprays are expected to provide growth opportunities for the market in the years to come.
- These factors may continue to drive the demand for the market, as law enforcement agencies try to reduce fatalities and casualties in such events, which is expected to increase the demand for the Asia-Pacific riot control equipment market during the forecast period.
Key Market Trends
Law Enforcement Segment to Dominate the Market
Currently, the law enforcement segment is experiencing the highest growth in the market and is anticipated to continue its dominance during the forecast period. The geopolitical conflicts in the region are encouraging the procurement and deployment of riot control equipment by law enforcement agencies. With the escalating tensions in the Kashmir Valley and protests all over India during the last decade, the demand for riot control equipment has increased. Also, occasional riots and civil unrest, such as demonstrations and protests in cities in eastern China, have led to the police forces resorting to the use of less-lethal weapons, which, collectively, shall have a positive impact on the growth of the market. There have been grants by the governments for the use of advanced non-lethal weapons in case of emergencies. The ongoing R&D of new crowd dispersal technologies is also envisioned to create a favorable outlook for the market.
China to Dominate the Market
China is one of the biggest emerging economies globally but is marred by several protests and demonstrations that often turn violent and result in loss of life and property. However, the enforcement agencies in the country are woefully underequipped, which sometimes results in unwanted casualties. The labor-related, environmental, and educational issues have led to the police forces resorting to the use of less-lethal ammunition, which has attributed to the positive outlook of the market in focus.
China is conducting extensive R&D to develop sophisticated riot control equipment that can tackle huge mobs without endangering the lives of law enforcement personnel. For instance, in September 2019, China designed a sonic weapon that selectively targeted individuals or groups in a crowd, leaving them unable to control muscle movement and render them easy pickings for riot police to round up. The procurement of new weaponry, combined with the ongoing R&D for developing sophisticated riot control equipment, is anticipated to drive the China segment of the market in focus during the forecast period.
Competitive Landscape
The prominent players in the Asia-Pacific riot control equipment market are Combined Systems Inc., Condor Non-Lethal Technologies, Axon (Taser International Inc.), Safariland LLC, and Lamperd Inc. Mergers and acquisitions between the market players in the recent past have helped the companies strengthen their market presence. For instance, in May 2018, VIEVU, a subsidiary of Safariland LLC, was acquired by Axon Enterprise Inc. As part of the agreement, Safariland and Axon entered into a 10-year agreement under which Safariland may become the preferred holster provider for AxonŐs TASER Conducted Electric Weapons (CEW).
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1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.1.1 Personnel Protection Equipment
5.1.2 Crowd Dispersal Equipment
5.2 End-user
5.2.1 Law Enforcement
5.2.2 Special Forces
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 India
5.3.1.2 China
5.3.1.3 South Korea
5.3.1.4 Thailand
5.3.1.5 Japan
5.3.1.6 Rest of Asia-Pacific
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Combined Systems, Inc.
6.1.2 Condor Non-Lethal Technologies
6.1.3 Taser International (Axon Enterprise, Inc.)
6.1.4 Safariland, LLC
6.1.5 Lamperd, Inc.
6.1.6 NonLethal Technologies, Inc.
6.1.7 Genasys Inc.
6.1.8 PACEM Defense LLC
6.1.9 Rheinmetall AG
6.1.10 Security Devices International Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.