NEW YORK, Jan. 23, 2017 /PRNewswire/ --
With the concerns for security increasing around the world, the riot control equipment market is also increasing alongside. Currently, North America holds the dominant share in the Global Riot Control Equipment Market, but growth is expected to be extremely modest until 2024. The United States is the largest spender on Homeland Security in the world.
Various factors are leading to the growth of the riot control market in North America, namely, rising violent crimes, increasing incidents of racial indiscrimination, emphasis on homeland security, and increase in hate crimes in the US among others.
In North America, due to the easy availability of guns make committing crimes common in the region. However, the most alarming situation, which has come out openly in the US, is racial tensions. In addition, the massive influx of refugees from the Middle East and the recent terrorist attacks have been responsible for rising levels of intolerance towards them.
The homeland security budget for the USA has increased significantly in the past year. Homeland Security also takes care of the U.S border security and is responsible for stopping illegal immigration.
The law enforcement in the US is faced with accusations of being partial and unfair while treating people of color and the natives, and thus the people are prone to take up matters into their own hands in case of conflict.
Major players like Combined Systems, Taser Technologies, BAE systems and Raytheon are trying to maintain their market dominance by launching innovative products with high safety characteristics. Emerging players such as Lrad Corporation, Safariland and Textron have now focused on expansion strategies in order to capitalize on untapped markets across the globe.
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