Technavio, a tech-focused market research firm, has published a new report on the global stun gun market, which is expected to grow at a CAGR of close to 8% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global stun gun market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global stun gun market are elaborated below
Stun gun market in the Americas: The market for stun guns in the Americas is dominated by the US. The high growth rate of the market in the region is attributable to the augmented use of these electroshock weapons by law enforcement officials, including police, secret service, and security personnel.
According to Moutushi Saha, a lead analyst at Technavio, specializing in research on defense, “In the US, stun guns are not considered to be firearms – allowing civilians to use them across multiple states. This leads to an upsurge in the demand for stun guns for self-defense.”
Stun gun market in EMEA: The recent volatility in several European countries is driving the procurement of weapons used for domestic security, such as stun guns among governments. Stun guns are witnessing a high rate of adoption in South Africa, especially from a civilian perspective. Within the Middle Eastern region, Security Support Department of the Abu Dhabi Police uses stun guns to counter criminal activities and fortify the community’s security and safety.
Stun gun market in APAC: APAC is the fastest growing market for stun guns currently. The market is projected to experience significant growth due to the procurement of weapons, both lethal and non-lethal, among the governments of several countries due to increased threats of attacks and political unrests.
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The top vendors operating in the global stun gun market are:
- Euro Security Products
- MARCH
- 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.
A more detailed analysis is available in the Technavio report titled, ‘Global Stun Gun Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Sensor-Based Gun Systems Market 2016-2020
- Global Small Arms Market 2016-2020
- Global Smoke Grenade Market 2016-2020
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