Market Trends of Riot Control Equipment Industry
The Offensive Equipment Segment is Expected to Experience the Highest Growth During the Forecast Period
- The offensive equipment segment is expected to register the highest CAGR during the forecast period. Increasing defense expenditure of emerging economies is expected to offer several growth opportunities to the stakeholders of the market during the forecast period. This, combined with the increase in violent protests and increasing mass shooting incidences, led to growing spending on police protection and is estimated to propel the growth of the segment during the forecast period.
- Furthermore, armed forces have been deployed in situations that require great restraint. Therefore, there is a need to apply force while limiting casualties, which emphasizes the need for advanced riot control equipment. Future weapons may rely on technology and strategy. Some of the riot control equipment that is currently under development are optical distractors, active denial technology, lasers, laser-induced plasmas, and focused acoustics.
- Laser-induced plasma channel (LIPC), an electroshock weapon, uses lasers, which, when fired into the atmosphere, cause the blooming of the gases to ionize into plasma, forming a channel for electricity. Such advanced offensive riot control equipment is expected to support the growth of this segment during the forecast period.
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Europe is Expected to Experience the Highest Growth During the Forecast Period
- The European region is anticipated to have the highest growth during the forecast period. Several countries in Europe, like France, the United Kingdom, Greece, Romania, and Belgium, among others, are involved in riots and demonstrations due to dissatisfaction with the government. In February 2022, Protesters across several cities in the United Kingdom demonstrated to highlight how the spiraling cost of living crisis is affecting the public. The demonstrations, co-organized by the anti-austerity organization People's Assembly and supported by trade unions, were held in at least 25 towns and cities, from London to Glasgow to Bangor.
- The protests come as UK inflation jumped to 5.4% in December 2021, the highest rate in almost 30 years. In February 2022, French police fired tear gas at demonstrators on the Champs Elysees avenue in Paris shortly after a "Freedom Convoy" protesting COVID-19 restrictions made it into the capital. Police created checkpoints, deployed armored personnel carriers, and set up water cannons to brace the city for the protests.
- In February 2022, thousands of people marched in torchlit processions and peaceful protests in various Italian cities to join the chorus of condemnation and urge an end to the bloodshed. The intelligence authorities warned the government to take necessary measures to be prepared for any violent protests that aggravate the situation. Such increasing instances in this region are fuelling the procurement and deployment of riot control equipment.
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