Policing Technologies Market Adopting Advance Techniques To Stop Increasing Crime and Terrorist Activities
The highly competitive
policing technologies market in Europe has companies such as PredPol,
Inc., Aventura Technologies, Inc, Reveal Media Ltd., Zepcam B.V.,
Basler AG, SmartWater Technology Limited, Computer Sciences
Corporation, Brite-Strike Tactical Illumination Products Inc., Aeryon
Labs Inc., and Taser International Inc at the forefront. Transparency
Market Research predicts that the competition among the major players
will intensify during the forecast period with manufacturers
competing with each other for contracts of various projects.
“Competitive rivalry in
terms of product upgrade and new product development will work in
favor of the policing technologies market,” the author of the study
comments. Continuous research and development to introduce new
features to existing technologies is a key growth strategy identified
by TMR. For instance, Aventura Technologies launched a new software
in February 2016 that has the ability to evaluate face recognition,
access control, video analytics, and license plate recognition on a
common operating platform.
Europe’s Law Enforcement
Bodies Support Widespread Use of Policing Technologies
“Europe has been a witness
to several terrorist attacks over the recent past, a factor that has
forced law enforcement departments to become more vigilant and
efficient in countering such attacks,” the lead author of the
report states.
In 2014 alone, an estimated
774 individuals were arrested in the European Union for various
terrorism-related offences. The number of deaths caused by terrorist
attacks in Western Europe has risen significantly since 2004. This
has greatly driven the need for effective and advanced policing
technologies in the region.
The crime rate in Europe has
also exhibited an alarming increase, TMR finds. Crimes such as drug
trafficking, theft, and assault are rather common and Europe’s
comparatively lenient criminal-sentencing regimes have added to the
troubles citizens face. This acts as a driving factor for the
policing technologies market.
Complexities Associated
with New Policing Technologies Deter Adoption
The lack of proper training
acts as a major deterrent to the policing technologies market in
Europe. The incorporation of new technologies in the police
departments requires additional staff training. There is also the
need to thoroughly and regularly test, upgrade, and maintain these
technologies and the various products and devices they encompass. The
complexities associated with the adoption and use of new policing
technologies is likely to limit its usage in Europe.
Moreover, strict international
human rights laws prohibiting the use of various weapons in the
region is also a factor threatening to hamper the policing
technologies market.
Aviation Technology to Offer
Promising Opportunities
The Europe policing
technologies market is expected to register a 6.0% CAGR from 2016 to
2024, with the revenue set to increase from US$1.4 bn in 2015 to
US$2.4 bn by the end of the forecast period. Accounting for a share
of 36% in 2015, detection and surveillance technologies emerged as
the leading policing technologies segment by type. This segment is
poised to expand at a 6.2% CAGR during the course of the forecast
period to cross US$910 mn by 2024. Registering a steady 6.8% CAGR
from 2016 to 2024, aviation technology is projected to emerge as the
fastest growing segment by revenue.
This review is based on the
findings of a TMR report titled “Policing Technologies Market -
Europe Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016 - 2024.”
By geography, the U.K. formed
the leading market for policing technologies. The country is also
forecast to be the most rapidly growing regional segment in the
overall market, fueled by the introduction of technologies such as
automatic number plate recognition.
No comments: