medium | The next five years will see the international market for ‘riot control systems’ boom to a value of more than $5 billion at an annual growth rate of 5%, according to a new report by a global business intelligence firm.
The report forecasts a dramatic rise in civil unrest across the world, including in North America and Europe, driven by an increase in Ferguson-style incidents and “extremist attacks.”
The Middle East, North Africa and Asia-Pacific regions will also experience a persistent rise in conflicts.
This increasing trend in instability promises billions of dollars of profits for global defence firms, concludes the report, published last month by Infiniti Research Ltd., a market intelligence firm whose clients include Fortune 500 companies.
“Protests, riots, and demonstrations are major issues faced by the law enforcement agencies across the world,” said Abhay Singh, a lead defence technology analyst at the firm. “In addition the increase in incidents of civil wars in countries such as Syria, Iraq, Lebanon, and Egypt along with an increase in the global defence budget will generate demand for riot control systems.”
Europe, the Middle East and Africa will be the largest market, collectively experiencing a rate of growth at over 5%, exceeding $2 billion by 2020. Under the subheading, ‘EMEA: increase in extremist attacks to boost growth’, the report, priced at over $2,000, explains:
“Over the past years, Europe witnessed an increase in extremist attacks, which has raised concerns among the law enforcement and defense industries to equip themselves with modern equipment and protect civilians from external threats. In 2015, the Paris attacks and the killing of journalists in France are some of the examples of growing terrorism in Europe.”
The combination of intensifying conflict, terrorism, and civil unrest will lead to rocketing demand for riot control systems over the next 5 years “led by Germany, Russia, France, Poland, Saudi Arabia, Turkey, the UAE, Iran, and South African countries.”
