Gunshot detection system Market is Expected to Achieve a High Growth Rate till 2023

Gunshot Detection System Market Research Report: Information by Installation Type (Fixed System, Portable System, Vehicle Mounted System), by Product Type (Indoor, Outdoor), by End-User (Homeland Security, Military), and by Global Region — Forecast till 2023

Gunshot Detection System Market Scenario

A gunshot detection system, which is also known as gunfire locator system, helps in the detection of the gunfire’s location, by using the optical, acoustic, or other sensors. These systems are primarily used by the law enforcement officials and the military personnel in order to identify the source and the direction of the type of weapon fired. These systems help in improving the situational awareness of the soldiers and the law enforcement personnel.

The primary factor that boosts the Global Gunshot Detection System Market is the growing gunfire incidents in the public places such as metro/railway stations, schools, hospitals, etc. Concurrently, as a result of the rapidly increasing terrorism threats, across the globe, along with other insurgent activities in the public places, the law enforcement officials, homeland security personnel, and the military forces are adopting the gunshot detection technologies so as to mitigate the casualties, during such incidents. In addition, the military authorities of some countries are installing the gunshot detection systems in their national borders, as a result of the increasing cross border firing. This factor also fuels the market growth.

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The Global Gunshot Detection System Market has also been segmented into five regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America had the largest share of the market in 2017, which was significantly due to the large production and sales of firearms and the growth in gunfire incidents in the US, in particular.

According to the ShotSpotter National Gunfire Index, there were approximately 87,000 gunfire incidents in 2017, across 87 cities, in the US, particularly. Concurrently, there has been a large sale of firearms over the last 2 years in the country. Due to such factors, the government is putting emphasis on the deployment of gunshot detection systems. Similarly, Asia-Pacific is expected to be fastest growing market for the gunshot detection systems, during the forecast period. This is primarily due to the rising terror attacks, political disputes, and cross-border conflicts across the region.

Gunshot Detection System Market Key Players

The key players in the Global Gunshot Detection System Market are

  • Raytheon Company (US)
  • Thales Group (France)
  • ACOEM Group (France)
  • SST (ShotSpotter), Inc. (US)
  • Shooter Detection Systems LLC. (US)
  • Battelle Memorial Institute (US)
  • Louroe Electronics (US)
  • ELTA Systems – Israel Aerospace Industries Ltd. (Israel)
  • Tracer Technology Systems, Inc. (US)
  • Rheinmetall AG (Germany)
  • Qinetiq (UK)
  • Safety Dynamics, LLC (US)

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Global Gunshot Detection System Market is estimated to register a CAGR of over 20% during the forecast period of 2018 to 2023.

The report on Global Gunshot Detection System Market by Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of the qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report offers a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value, and the technological, macroeconomic, and governing factors of the market. The report also provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

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Table Of Contents

  1. Executive Summary
  2. Scope Of The Report

2.1. Market Definition

2.2. Scope Of The Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. List Of Assumptions

2.2.4. Limitations

  1. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

  1. Market Landscape

4.1. Porter’s Five Forces Analysis

4.1.1. Threat Of New Entrants

4.1.2. Bargaining Power Of Buyers

4.1.3. Threat Of Substitutes

4.1.4. Segment Rivalry

4.1.5. Bargaining Power Of Suppliers

4.2. Supply Chain Analysis

  1. Market Dynamics

5.1. Introduction

5.2. Market Drivers

5.3. Market Restraints

5.4. Market Opportunities

5.5. Technological Trends

5.6. Patent Analysis

5.7. Regulatory Landscape

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