Gunshot Detection System Market Research Analysis 2025

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)

  • Report Code : TIPTE100000916
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 122
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The gunshot detection system market was valued at US$ 850.2 million in 2017, it is estimated to grow at a CAGR of 22.6% during 2018–2025.

The global gunshot detection system industry is highly fragmented and competitive marketplace with existence of large number of global as well as local players. As leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world. Partnership with technology companies is one of the noteworthy market trend to grow and survive in this Gunshot Detection System market, with some of the major companies became leader in this market by pursuing joint ventures and partnership strategy. Various companies in the value chain are partnering with other technology players in the market to maintain their position in market and provide efficient solutions to its customers. Partnerships with smart cities initiative providers are the prosperous opportunity prevailing in the market. For instance, ShotSpotter has partnered with Verizon and General Electric Company to integrate its solutions into intelligent street lights. Integrating the company’s solutions into these initiatives will further help it to increase its customer base, reduction in the cost of deployment, and expanding its footprint. Thus, facilitating the company to accelerate its market penetration.

Additionally, incorporating gunshot detection solutions with new technologies such as computer-aided dispatch System, National Integrated Ballistic Information Network, and automated number plate readers etc. used by law enforcement to enhance the efficiency of police response and investigation will help in improving the functionality of the gunshot detection solutions.

Lucrative Regions for Gunshot Detection System Market

Lucrative Regions for Gunshot Detection System Market

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Market Insights–Gunshot Detection System Market

Rise in Gunshot Detection System Deployment in Commercial Infrastructure due to Mass Killing

Weapon related fierceness are devastating these days across the globe among. Unfortunately, these incidents of violence are increasing rapidly and are many a times unreported too. Therefore, it has become essential for state and local law enforcement agencies to deploy solution which can take detect/prevent such cases in future. Also, in past few years there was large number of incidents of gunfire in public areas and commercial infrastructure. One such miserable instance took place in Las Vegas in 2017, where 58 people were killed and hundreds of others were injured by a gunman. Also, in 2014, a terrorist attack in a School of Pakistan killed around 150 people. Increase in such incidences are fueling the market for gunshot detection system for homeland security. As per SecurityInfowatch, around 300 mass shootings incidences occurred in the U.S. in 2015. Owing to which, gunshot detection systems is extensively deployed in educational institutes, government buildings, museums, and hotels etc.

In order to detect gunfire both inside and outside the infrastructure, numerous kind of indoor and outdoor gunshot detection systems are being introduced in the market. Several companies such as AmberBox, ShotSpotter, and Shooter Detection Systems LLC are key indoor gunshot detection systems providers in the market. In early 2017, ShotSpotter Inc. launched a product for airports and transportation security which provides protection for outdoor infrastructure from active shooter attacks. Also, the product is gaining traction very rapidly in educational institute as well. Recently, Wisconsin schools and Phoenix Academy have installed indoor active shooter detection system in their premises to reduce such incidences

Product Type Segment Insights

Based on product type, the gunshot detection system market is segmented into indoor and outdoor. Currently, the demand for gunshot detection systems is rising in several indoor and outdoor applications such as educational institutes, retail, property management, airports, manufacturing industry, government agencies, military, law enforcement agencies, and sports & entertainment facilities including many others. The companies are also inclined towards integrating gunshot detection system with video management systems, critical emergency management systems, access control, alarm input, mass notification, and many more that will provide the customer with novel solutions in near future.

Installation Segment Insights

Based on installation, the gunshot detection system market is bifurcated into fixed installation, wearable installation, and vehicle mounted installation. Gunshot detection system delivers the real-time awareness to soldiers and police to respond quickly and accurately to aggressive attacks to better defend themselves from snipers and other gunfire threats. This technology locates gunfire faster and more accurately as compared to a human that help to increase officer’s safety and locating forensic shreds of evidence at the scene. These systems such as fixed, vehicle mounted, and wearable devices provide enemy detection and localization capabilities to the user. Amongst them, in 2017, fixed gunshot detection system dominated the market with more than two-thirds of the share in the global market.

Application Segment Insights

Based on application, the gunshot detection system market is bifurcated into military and law enforcement. Gunshot detection system is relatively older technology which was first employed by the military in order to detect gunfire during convoys, patrol, etc. Nowadays, this technology is used from the battlefield to streets to assist and law enforcement agencies with post-incident investigation support. These devices are available in both forms such as fixed and mobile and provide affordability and accuracy, thus many of the law enforcement agencies, military & arm forces, and security agencies are investing in installing these systems to identify the direction of gunfire and the source of gunfire. In 2017, low enforcement segment dominated the global market with more than half of the share in the total market.

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Gunshot Detection System Market: Strategic Insights

gunshot-detection-system-market
Market Size Value inUS$ 850.2 Million in 2017
Market Size Value byUS$ 4,325.0 Million by 2025
Growth rateCAGR of 22.6% from 2018 to 2025
Forecast Period2018-2025
Base Year2018
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

  • 2018: Stanley Security is a manufacturer of varied security solutions to cater large number of industries is entered into a partnership with the Shooter Detection Systems LLC. Now, Stanley Security is permitted to officially sell, deploy and service the SDS products and services. The Guardian Indoor Active Shooter Detection System detects gunshots immediately and at the same time alerts the residents of building within one second and zero errors.
  • 2018: ShotSpotter extended coverage area to more than 100 square miles in Chicago. Chicago is a largest customer of the company which uses ShotSpotter solution to combat the urban gun crime which includes Milwaukee, New York City, Oakland, and Denver.
  • 2017: Genetec Inc. has used ShotSpotter gunshot detection technology provided by SST Inc., into its security center which is a unified IP security platform. The integration enables security professionals and police departments to collect more information with better real-time incident activity and in-depth detail about the location where a gunshot situation happened.

The Global Gunshot Detection System Market has been Segmented as Follows:

Global Gunshot Detection System Market - By Product Type

  • Indoor
  • Outdoor

Global Gunshot Detection System Market - By Installation

  • Fixed Installation
  • Wearable Installation
  • Vehicle Mounted Installation

Global Gunshot Detection System Market - By Application

  • Military
  • Law Enforcement

Global Gunshot Detection System Market – by Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Argentina
    • Rest of SAM  

Gunshot Detection System Market – Companies Profiles

  • Amberbox Inc.
  • Databuoy Corporation
  • Louroe Electronics
  • Microflown Avisa BV
  • QinetiQ North America
  • Raytheon Company
  • Rheinmetall AG
  • Safety Dynamics, Inc.
  • Shooter Detection Systems
  • Shotspotter Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type ; Installation and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

TABLE OF CONTENTS

1. INTRODUCTION 14
1.1 SCOPE OF THE STUDY 14
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 14

2. KEY TAKEAWAYS 15

3. GUNSHOT DETECTION SYSTEM MARKET LANDSCAPE 17
3.1 MARKET OVERVIEW 17
3.2 MARKET SEGMENTATION 18
3.2.1 Global Gunshot Detection System Market - By Product 19
3.2.2 Global Gunshot Detection System Market - By Installation 19
3.2.3 Global Gunshot Detection System Market - By Application 19
3.2.4 Global Gunshot Detection System Market - By Geography 20
3.3 PORTER'S FIVE FORCES 21
3.3.1 Bargaining Power of Buyers: 21
3.3.1.1 Presence of several established players 21
3.3.2 Bargaining Power of Suppliers: 22
3.3.2.1 Parallel increase in the number of players and end-users 22
3.3.3 Threats to Substitutes: 22
3.3.3.1 Deployment of video surveillance technology such as drones and CCTVs 22
3.3.4 Threats of New Entrants: 22
3.3.4.1 Established players holding the major market share 22
3.3.5 Degree of Competition: 22
3.3.5.1 Highly fragmented and evolving market 22

4. GUNSHOT DETECTION SYSTEM MARKET - KEY INDUSTRY DYNAMICS 24
4.1 KEY MARKET DRIVERS 24
4.1.1 Rise in Gunshot Detection System Deployment in Commercial Infrastructure due to Mass Killing 24
4.1.2 Deployment of Gunshot Detection Systems By Law Enforcement Agencies of Developed Nations 24
4.1.3 Reducing Casualties from Enemy Gunfire in War Zones 25
4.2 KEY MARKET RESTRAINTS 25
4.2.1 High installation cost associated with the use of these systems 25
4.3 KEY MARKET OPPORTUNITIES 25
4.3.1 Increase in Smart City to Expedite Gunshot detection systems 25
4.4 FUTURE TRENDS 26
4.4.1 Gunshot detection system integrated with video surveillance 26
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 26

5. GUNSHOT DETECTION SYSTEM MARKET - GLOBAL MARKET ANALYSIS 27
5.1 GLOBAL GUNSHOT DETECTION SYSTEM MARKET OVERVIEW 27
5.2 GLOBAL GUNSHOT DETECTION SYSTEM MARKET FORECAST AND ANALYSIS 28

6. GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECAST TO 2025 - PRODUCT TYPE 29
6.1 OVERVIEW 29
6.2 GLOBAL GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN, BY PRODUCT TYPE, 2017 & 2025 29
6.3 INDOOR MARKET 30
6.3.1 Overview 30
6.3.2 Indoor Market Forecast and Analysis 30
6.4 OUTDOOR MARKET 31
6.4.1 Overview 31
6.4.2 Outdoor Market Forecast and Analysis 31

7. GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECAST TO 2025 - INSTALLATION 32
7.1 OVERVIEW 32
7.2 GLOBAL GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN, BY INSTALLATION, 2017 & 2025 32
7.3 FIXED INSTALLATION MARKET 33
7.3.1 Overview 33
7.3.2 Fixed Installation Market Forecast and Analysis 33
7.4 WEARABLE INSTALLATION MARKET 34
7.4.1 Overview 34
7.4.2 Wearable Installation Market Forecast and Analysis 34
7.5 VEHICLE MOUNTED INSTALLATION MARKET 35
7.5.1 Overview 35
7.5.2 Vehicle Mounted Installation Market Forecast and Analysis 35

8. GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECAST TO 2025 - APPLICATION 36
8.1 OVERVIEW 36
8.2 GLOBAL GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 36
8.3 MILITARY MARKET 37
8.3.1 Overview 37
8.3.2 Military Market Forecast and Analysis 37
8.4 LAW ENFORCEMENT MARKET 38
8.4.1 Overview 38
8.4.2 Law Enforcement Market Forecast and Analysis 38

9. GUNSHOT DETECTION SYSTEM MARKET - GEOGRAPHICAL ANALYSIS 39
9.1 OVERVIEW 39
9.2 NORTH AMERICA GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 40
9.2.1 Overview 40
9.2.2 North America Gunshot Detection System Market Breakdown by Key Countries 41
9.2.2.1 U.S. Gunshot Detection System Market Revenue and Forecasts to 2025 (US$ Mn) 42
9.2.2.2 Canada Gunshot Detection System Market Revenue and Forecast to 2025 (US$ Mn) 43
9.2.2.3 Mexico Gunshot Detection System Market Revenue and Forecasts to 2025 (US$ Mn) 44
9.2.3 North America Gunshot Detection System Market Breakdown by Product Type 45
9.2.4 North America Gunshot Detection System Market Breakdown by Installation 46
9.2.5 North America Gunshot detection system Market Breakdown by Application 47
9.3 EUROPE GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 48
9.3.1 Overview 48
9.3.2 Europe Gunshot Detection System Market Breakdown by Key Countries 49
9.3.2.1 France Gunshot Detection System Market Revenue and Forecasts to 2025 (US$ Mn) 50
9.3.2.2 Germany Gunshot Detection system Market Revenue and Forecast to 2025 (US$ Mn) 51
9.3.2.3 Russia Gunshot Detection System Market Revenue and Forecasts to 2025 (US$ Mn) 52
9.3.2.4 U.K. Gunshot Detection System Market Revenue and Forecasts to 2025 (US$ Mn) 53
9.3.3 Europe Gunshot Detection System Market Breakdown by Product Type 54
9.3.4 Europe Gunshot Detection System Market Breakdown by Installation 55
9.3.5 Europe Gunshot Detection System Market Breakdown by Application 56
9.4 APAC GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 57
9.4.1 Overview 57
9.4.2 APAC Gunshot detection system Market Breakdown by Key Countries 58
9.4.2.1 South Korea Gunshot Detection System Market Revenue and Forecasts to 2025 (US$ Mn) 59
9.4.2.2 China Gunshot Detection System Market Revenue and Forecast to 2025 (US$ Mn) 60
9.4.2.3 India Gunshot Detection System Market Revenue and Forecasts to 2025 (US$ Mn) 61
9.4.2.4 Japan Gunshot Detection System Market Revenue and Forecasts to 2025 (US$ Mn) 62
9.4.3 APAC Gunshot Detection System Market Breakdown by Product Type 63
9.4.4 APAC Gunshot Detection System Market Breakdown by Installation 64
9.4.5 APAC Gunshot Detection System Market Breakdown by Application 65
9.5 MIDDLE EAST & AFRICA (MEA) GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 66
9.5.1 Overview 66
9.5.2 MEA Gunshot Detection System Market Revenue and Forecasts to 2025 (US$ Mn) 66
9.5.3 MEA Gunshot Detection System Market Breakdown by Key Countries 67
9.5.3.1 Saudi Arabia Gunshot Detection System Market Revenue and Forecast to 2025 (US$ Mn) 68
9.5.3.2 UAE Gunshot Detection System Market Revenue and Forecasts to 2025 (US$ Mn) 69
9.5.3.3 South Africa Gunshot Detection System Market Revenue and Forecasts to 2025 (US$ Mn) 70
9.5.4 MEA Gunshot Detection System Market Breakdown by Product Type 71
9.5.5 MEA Gunshot Detection System Market Breakdown by Installation 72
9.5.6 MEA Gunshot Detection System Market Breakdown by Application 73
9.6 SOUTH AMERICA (SAM) GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 74
9.6.1 Overview 74
9.6.2 SAM Gunshot Detection System Market Breakdown by Key Countries 75
9.6.2.1 Brazil Gunshot Detection System Market Revenue and Forecasts to 2025 (US$ Mn) 76
9.6.3 SAM Gunshot Detection System Market Breakdown by Product Type 77
9.6.4 SAM Gunshot Detection System Market Breakdown by Installation 78
9.6.5 SAM Gunshot Detection System Market Breakdown by Application 79

10. INDUSTRY LANDSCAPE 80
10.1 MARKET INITIATIVE 80
10.2 NEW DEVELOPMENT 81

11. COMPETITIVE LANDSCAPE 82
11.1 COMPETITIVE PRODUCT MAPPING 82
11.2 MARKET POSITIONING - GLOBAL TOP 5 PLAYERS RANKING 83

12. GUNSHOT DETECTION SYSTEM MARKET, KEY COMPANY PROFILES 84
12.1 RAYTHEON COMPANY 84
12.1.1 Key Facts 84
12.1.2 Business Description 84
12.1.3 Financial Overview 85
12.1.4 SWOT Analysis 85
12.1.5 Key Developments 87
12.2 SHOTSPOTTER, INC. 88
12.2.1 Key Facts 88
12.2.2 Business Description 88
12.2.3 Financial Overview 89
12.2.4 SWOT Analysis 89
12.2.5 Key Developments 91
12.3 SHOOTER DETECTION SYSTEMS 92
12.3.1 Key Facts 92
12.3.2 Business Description 92
12.3.3 Financial Overview 92
12.3.4 SWOT Analysis 93
12.3.5 Key Developments 94
12.4 AMBERBOX INC. 95
12.4.1 Key Facts 95
12.4.2 Business Description 95
12.4.3 Financial Overview 95
12.4.4 SWOT Analysis 95
12.4.5 Key Developments 97
12.5 LOUROE ELECTRONICS 98
12.5.1 Key Facts 98
12.5.2 Business Description 98
12.5.3 Financial Overview 98
12.5.4 SWOT Analysis 99
12.5.5 Key Developments 100
12.6 SAFETY DYNAMICS, INC. 101
12.6.1 Key Facts 101
12.6.2 Business Description 101
12.6.3 Financial Overview 101
12.6.4 SWOT Analysis 101
12.6.5 Key Developments 103
12.7 MICROFLOWN AVISA BV 104
12.7.1 Key Facts 104
12.7.2 Business Description 104
12.7.3 Financial Overview 104
12.7.4 SWOT Analysis 105
12.7.5 Key Developments 106
12.8 RHEINMETALL AG 107
12.8.1 Key Facts 107
12.8.2 Business Description 107
12.8.3 Financial Overview 108
12.8.4 SWOT Analysis 108
12.8.5 Key Developments 110
12.9 QINETIQ NORTH AMERICA 111
12.9.1 Key Facts 111
12.9.2 Business Description 111
12.9.3 Financial Overview 112
12.9.4 SWOT Analysis 112
12.9.5 Key Developments 114
12.10 DATABUOY CORPORATION 115
12.10.1 Key Facts 115
12.10.2 Business Description 115
12.10.3 Financial Overview 115
12.10.4 SWOT Analysis 115
12.10.5 Key Developments 117

13. APPENDIX 118
13.1 ABOUT THE INSIGHT PARTNERS 118
13.2 GLOSSARY OF TERMS 118
13.3 METHODOLOGY 120
13.3.1 Coverage 120
13.3.2 Secondary Research 120
13.3.3 Primary Research 121

LIST OF TABLES

TABLE 1. NORTH AMERICA GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 - BY PRODUCT TYPE (US$ MN) 44
TABLE 2. NORTH AMERICA GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 - BY INSTALLATION (US$ MN) 45
TABLE 3. NORTH AMERICA GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 - BY APPLICATION (US$ MN) 46
TABLE 4. EUROPE GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 - BY PRODUCT TYPE (US$ MN) 53
TABLE 5. EUROPE GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 - BY INSTALLATION (US$ MN) 54
TABLE 6. EUROPE GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 - BY APPLICATION (US$ MN) 55
TABLE 7. APAC GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 - BY PRODUCT TYPE (US$ MN) 62
TABLE 8. APAC GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 - BY INSTALLATION (US$ MN) 63
TABLE 9. APAC GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 - BY APPLICATION (US$ MN) 64
TABLE 10. MEA GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 - BY PRODUCT TYPE (US$ MN) 70
TABLE 11. MEA GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 - BY INSTALLATION (US$ MN) 71
TABLE 12. MEA GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 - BY APPLICATION (US$ MN) 72
TABLE 13. SAM GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 - BY PRODUCT TYPE (US$ MN) 76
TABLE 14. SAM GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 - BY INSTALLATION (US$ MN) 77
TABLE 15. SAM GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 - BY APPLICATION (US$ MN) 78
TABLE 16. GLOSSARY OF TERM: GUNSHOT DETECTION SYSTEM MARKET 117

LIST OF FIGURES

FIGURE 1. U.S. MASS SHOOTING STATISTICS, 2016 & 2017 15
FIGURE 2. WEARABLE GUNSHOT DETECTION SYSTEM, 2017 & 2025 16
FIGURE 3. GUNSHOT DETECTION SYSTEM MARKET SEGMENTATION 18
FIGURE 4. GUNSHOT DETECTION SYSTEM MARKET SEGMENTATION - GEOGRAPHIC 19
FIGURE 5. PORTER'S FIVE FORCES 21
FIGURE 6. GUNSHOT DETECTION SYSTEM MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 25
FIGURE 7. GLOBAL GUNSHOT DETECTION SYSTEM MARKET 26
FIGURE 8. GLOBAL GUNSHOT DETECTION SYSTEM MARKET FORECAST AND ANALYSIS 27
FIGURE 9. GLOBAL GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN, BY PRODUCT TYPE, 2017 & 2025 (%) 28
FIGURE 10. GLOBAL INDOOR MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 29
FIGURE 11. GLOBAL OUTDOOR MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 30
FIGURE 12. GLOBAL GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN, BY INSTALLATION, 2017 & 2025 (%) 31
FIGURE 13. GLOBAL FIXED INSTALLATION MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 32
FIGURE 14. GLOBAL WEARABLE INSTALLATION MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 33
FIGURE 15. GLOBAL VEHICLE MOUNTED INSTALLATION MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 34
FIGURE 16. GLOBAL GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 (%) 35
FIGURE 17. GLOBAL MILITARY MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 36
FIGURE 18. GLOBAL LAW ENFORCEMENT MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 37
FIGURE 19. GUNSHOT DETECTION SYSTEM MARKET, GLOBAL BREAKDOWN BY REGIONS, 2017 & 2025 (%) 38
FIGURE 20. NORTH AMERICA GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 40
FIGURE 21. NORTH AMERICA GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 40
FIGURE 22. U.S. GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 41
FIGURE 23. CANADA GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 42
FIGURE 24. MEXICO GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 43
FIGURE 25. NORTH AMERICA GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY PRODUCT TYPE, 2017 & 2025 (%) 44
FIGURE 26. NORTH AMERICA GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY INSTALLATION, 2017 & 2025 (%) 45
FIGURE 27. NORTH AMERICA GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 46
FIGURE 28. EUROPE GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 47
FIGURE 29. EUROPE GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 48
FIGURE 30. FRANCE GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 49
FIGURE 31. GERMANY GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 50
FIGURE 32. RUSSIA GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 51
FIGURE 33. U.K. GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 52
FIGURE 34. EUROPE GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY PRODUCT TYPE, 2017 & 2025 (%) 53
FIGURE 35. EUROPE GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY INSTALLATION, 2017 & 2025 (%) 54
FIGURE 36. EUROPE GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 55
FIGURE 37. APAC GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 56
FIGURE 38. APAC GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 57
FIGURE 39. SOUTH KOREA GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 58
FIGURE 40. CHINA GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 59
FIGURE 41. INDIA GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 60
FIGURE 42. JAPAN GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 61
FIGURE 43. APAC GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY PRODUCT TYPE, 2017 & 2025 (%) 62
FIGURE 44. APAC GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY INSTALLATION, 2017 & 2025 (%) 63
FIGURE 45. APAC GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 64
FIGURE 46. MEA GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 66
FIGURE 47. SAUDI ARABIA GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 67
FIGURE 48. UAE GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 68
FIGURE 49. SOUTH AFRICA GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 69
FIGURE 50. MEA GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY PRODUCT TYPE, 2017 & 2025 (%) 70
FIGURE 51. MEA GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY INSTALLATION, 2017 & 2025 (%) 71
FIGURE 52. MEA GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 72
FIGURE 53. SAM GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 73
FIGURE 54. SAM GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 74
FIGURE 55. BRAZIL GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 75
FIGURE 56. SAM GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY PRODUCT TYPE, 2017 & 2025 (%) 76
FIGURE 57. SAM GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY INSTALLATION, 2017 & 2025 (%) 77
FIGURE 58. SAM GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN BY APPLICATION, 2017 & 2025 (%) 78

The List of Companies

1. Raytheon Company
2. ShotSpotter, Inc.
3. Shooter Detection Systems LLC
4. AmberBox Inc.
5. Louroe Electronics
6. Safety Dynamics Inc.
7. Microflown Avisa BV
8. Rheinmetall AG
9. QinetiQ North America
10. Databuoy Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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