Policing Technologies Most Widely Used for Detection and Surveillance
The policing technologies market is segmented on the basis of type into communication technologies, less lethal technologies, aviation technology, detection and surveillance technology, and others. Among these, detection and surveillance technology emerged as the leading contributor in the policing technologies market in Europe. The rising focus on the part of the police department of various countries so as to reduce crimes is propelling the demand for detection and surveillance technologies.
Aviation technology is likely to expand at the highest CAGR of 6.8% during the forecast period of 2016 to 2024. These technologies have proven to be extremely essential in time-critical situations such as searching for missing people or surveying a hostage scene. The demand for aviation technologies is anticipated to receive a boost from the rising use of drones for security purposes.
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U.K., Russia to Witness Substantial Growth in Demand for Policing Technologies
The Europe policing technologies market comprises the U.K., Germany, Russia, France, Italy, and others. In 2015, the U.K. led the policing technologies market in Europe, accounting for a share of just over 26%. Expanding at a rapid pace over the coming years, the policing technologies market in the U.K. is expected to retain its lead through 2024. The market is driven by the growing application of automatic number plate recognition technology by the police force. The introduction of handheld touchscreen devices to scan the digital fingerprints of suspects is also contributing toward the demand for policing technologies in the U.K.
France is also a major market for policing technologies in Europe and is fueled by the introduction of computers or mobile devices in police cars. The market in France also benefits from the rising application of video surveillance technology and image processing software by the police force.
Although the U.K. is predicted to emerge as the fastest growing regional market for policing technologies by 2024, the market in Russia is forecast to witness rapid growth as well. The increasing adoption of drones by the police to control traffic is likely to be responsible for this future growth.
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.
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.