Rise in gunshot detection system deployment in commercial infrastructure due to mass killing is projected to escalate the market growth at a CAGR of 22.6%
Latest market study on “Gunshot Detection System Market to 2025 – Global Analysis and Forecasts by Product Type (Indoor and Outdoor), Installation (Fixed Installation, Wearable Installation, and Vehicle Mounted Installation), and Application (Military and Law Enforcement)”, the gunshot detection system market is estimated to reach US$ 4325.0 million by 2025 from US$ 850.2 million in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
North America is the dominant region in the gunshot detection system market and this region is expected to continue its lead during the forecast period. Where, U.S. dominated the demand for gunshot detection systems with the installation of gunshot detection solutions in more than 90 cities and municipalities across the country, as on March 2018. With the increasing gun ownership in this region, gunfire-related incidents is becoming a major concern for the government. Thus, the government is allocating funds and emphasizing on deployment of gunshot detection systems. For instance, in May 2018, Chicago law enforcement department signed a contract with ShotSpotter to expand its coverage area of gunshot detection solutions. Also, North America is expected to be the fastest growing region in gunshot detection system market followed by Middle East and Africa.
Currently, fixed installation is the leading segment, whereas wearable installation is expected to grow at a higher rate during the forecast period. Wearable gunshot detection system is the innovative alternative for existing gunshot monitoring systems which designed to detect individual firearm usage and it enhances the ability of correctional authorities to detect firearm. These systems are extensively used in military and army application that allows faster detection of distance and direction of enemy fire.
The major players operating in the gunshot detection system market are Raytheon Company, ShotSpotter, Inc., Shooter Detection Systems LLC, AmberBox Inc., Louroe Electronics, Safety Dynamics Inc., Microflown Avisa BV, Rheinmetall AG, QinetiQ North America, and Databuoy Corporation among others.
The report segments the global gunshot detection system market as follows:
Global Gunshot Detection System Market– By Product Type
Global Gunshot Detection System Market– By Installation
Vehicle Mounted Installation
Global Gunshot Detection System Market– By Application
Global Gunshot detection system Market– By Geography
Asia Pacific (APAC)
Middle East & Africa (MEA)
South America (SA)
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