Global Stun Gun Market 2017-2021
Overview of the global stun gun market
The global stun gun market is anticipated to grow at a steady rate and will post a CAGR of close to 8% during the forecast period. The growing emphasis on using conducted electrical weapon (CEWs) will drive the growth prospects for the global stun gun market until the end of 2021. One of the major factor leading to the deployment of CEWs is to incapacitate a hostile person by causing pain through the application of electric current. Also, when lethal force is avoided to maintain human right laws, the military personnel, police, and law enforcement agencies deploy CEWs. Moreover, stun guns with probes are effective against people who are under the influence of drugs or alcohol that makes them less sensitive to pain. In addition, stun guns are increasingly preferred by military and law enforcement agencies since it reduces the risk of fatality and can be used from a safer distance.
The development of stun gun with integrated heart monitoring system will drive the growth prospects for the global stun gun market during the forecasted period. Since the deployment and use of CEWs involve factors such as pre-existing medical conditions, dependency on illicit drugs, as well as cardiac rhythm disturbances, a vital importance is also given to the development technologies that can monitor the pre-existing medical conditions. For instance, in August 2016, a team of researchers at the Wake Forest University modified a taser gun by integrating the heart rate and rhythm monitoring system that can transmit electrocardiogram signals.
Competitive landscape and key vendors
The global stun gun market is highly diversified and competitive due to the presence of a large number of vendors across the globe. It has been observed that cost-efficiency is one of the major challenges that vendors face during production. Also, it is necessary that vendors maintain a balance between cost and quality while providing an adequate supply and continue to address the requirement of modern law enforcement agencies. Furthermore, these vendors increasingly focus on innovations to expand their geographic reach and gain more market share.
Key vendors in this market are -
- Euro Security Products
- Nova Security
- Shyh Sing Enterprise
- TASER International
Other prominent vendors in the market include Jiun-An Technology, SABRE, Shenzhen Senxunda Electronic Technology, and Skyline USA.
Segmentation by end-users and analysis of the stun gun market
- Law enforcement
The law enforcement agencies segment accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. One of the major factors driving the market segment’s growth is the increasing use of stun guns by law enforcement agencies and special police forces that have emerged as one of the most common practices in countries like the US, Australia, and Canada.
Segmentation by geography and analysis of the stun gun market
In terms of geography, the Americas accounted for the maximum market share in 2016 and will continue to dominate the market in the forthcoming years. One of the major factors responsible for the market’s growth in the region is the increased usage of electroshock weapons in countries such as the US.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global stun gun market?
- What are the key market trends impacting the growth of the global stun gun market?
- What are the challenges to market growth?
- Who are the key vendors in the global stun gun market?
- What are the market opportunities and threats faced by the vendors in the global stun gun market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global stun gun market?
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