Demand for Policing Technologies to Shift to High Gear with Surge in Terrorist Activities and Crime Rate
The ongoing technological developments are leading to a critical shift in contemporary policing. In Europe, police agencies are increasingly embracing an array of novel technologies not only to keep up with but also to stay well ahead of criminals. The rising cases of terrorist attacks, upswing in crime rates, and severe migration crisis across the region are compelling police forces and other security agencies in Europe to adopt advanced policing technologies.
Transparency Market Research (TMR) analysts find that police departments in this region are relying on policing technologies to reduce fatalities. Due to the aforementioned factors, the market is expected to reach a valuation of US$2.4 bn by 2024 from US$1.4 bn in 2015, rising at a CAGR of 6.0% between 2016 and 2024.
Q.How are developed countries of the region fuelling the growth of the policing technologies market?
Geographically, the U.K. was the leading segment in 2015, accounting for 26% of the overall market revenue and is expected to retain its position until the end of 2024. The increasing application of drones and automatic number plate recognition technology by the police force is driving the market in this region. Moreover, increasing crime rates due to rising immigration to the U.K. are fuelling the demand for policing technologies. Various studies suggest that presently in the U.K., while foreign nationals represent about 13% of the total population, foreigners account for 13% of the prison population. Another factor contributing to the growth of this market is the introduction of handheld touchscreen devices that are capable of scanning digital fingerprints of suspects. Due to aforementioned factors, the U.K. market for police technologies is anticipated to exhibit a strong CAGR during the forecast period.
France is also one of the key markets for policing technologies in Europe. The growth of this region can be attributed to the introduction of mobile devices or computers in police cars and growing adoption of image processing software and video surveillance technology by the police agencies.
Q.What is the challenge faced by manufacturers in the Europe policing technologies market?
The complexities associated with the use of policing technologies coupled with the lack of proper training is intercepting the adoption of policing technologies. The implementation of new technologies in police departments requires regular tests, upgrading, and maintenance of these technologies. However, several players in the region have started offering additional training to address this issue.
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Q.What are the strategies used by the key players in the Europe policing technologies market?
The key players in the highly competitive policing technologies market are Aeryon Labs Inc., Aventura Technologies Inc., Basler AG, Brite-Strike Tactical Illumination Products Inc., Computer Sciences Corporation, PredPol Inc., Reveal Media Ltd., SmartWater Technology Limited, Taser International Inc., and Zepcam B.V. To enhance their visibility in the market, the key players are increasingly investing in the research and development to introduce new products and upgrade existing products. For instance, in February 2016, Aventura Technologies launched a new software that offered access control, face recognition function, license plate recognition, and video analytics on a common platform.