Global Gunshot Detection System Market Research Report — Forecast till 2023 Global Gunshot Detection System Market Research Report — Forecast till 2023 P a g e |1 Copyright © 2017 Market Research Future. Global Gunshot Detection System Market Research Report — Forecast till 2023 VIEW REPORT PRESS RELEASE SAMPLE REPORT P a g e |2 Copyright © 2017 Market Research Future. Global Gunshot Detection System Market Research Report — Forecast till 2023 The Gunshot Detection System Market is Estimated to Register a CAGR of Approximately 20% during the Forecast Period of 2018 to 2023 Over the years, there has been a large demand for the gunshot detection systems, primarily due to the increasing number of firearm related crimes such as mass shooting, VIPs being gunned down, among others, across the globe. In the recent years, the number of such violent incidents is on the rise and are unreported in a large number of cases. Therefore, it has become very essential for the government authorities as well as the law enforcement agencies to provide effective solutions and prevent such incidents. The global gunshot detection system market has been segmented by installation type, product type, end-user, and region. On the basis of installation type, the gunshot detection system market is divided into fixed systems, portable systems, and vehicle mounted systems. In 2017, the fixed system segment dominated the global market, due to the usage of acoustic sensor node technology, which helps in the detection of the gunshots, from a large distance. It is expected that the portable system segment would witness the fastest market growth, during the forecast period, as the defense authorities and law enforcement agencies are focusing more on the portable/wearable technologies, in the recent years. Similarly, based on product type, the gunshot detection system market is divided into indoor and outdoor. In 2017, the outdoor segment dominated the global market and it is also expected to witness the fastest market growth, during the forecast period. This is because of the increase of violent incidents in the recent years, in the national borders, on the streets, and political gatherings, among others. Likewise, on the basis of end-user, the gunshot detection system market is divided into homeland security personnel and military forces. In 2017, the military segment dominated the global market, as there have been large expenses by the defense authorities on the gunshot detection systems, in the recent years, to prevent the number of casualties at the borders. It is also expected that the homeland security segment would witness the fastest market growth, during the forecast period, as the law enforcement agencies are currently focused on curbing/preventing such incidents across the schools, hospitals, and metro/railway stations. North America holds the largest share in the global gunshot detection systems market, led by the U.S., and is likely to remain the largest regional market for gunshot detection systems over the forecast period. The lax gun control laws in the U.S. have led to an increasing threat of public shootings, with several school shooting incidents having taken place in this decade alone. According to the ShotSpotter National Gunfire Index, a P a g e |3 Copyright © 2017 Market Research Future. Global Gunshot Detection System Market Research Report — Forecast till 2023 whopping 87,000 gunfire incidents took place in the U.S. in 2017. This has led to a growing demand for countermeasures such as gunshot detection systems, as such measures are especially vital in countries where gun ownership is seen as a matter of tradition and pride. The U.S. army is also a leading consumer in the gunshot detection system market, further enhancing the growth prospects of the gunshot detection systems market in North America over the forecast period. The global gunshot detection system market is segmented on the basis of end use, product type, installation type, and region. By end use, the global gunshot detection system market is segmented into homeland security and military. Military end use of gunshot detection systems is likely to dominate the global gunshot detection systems market over the forecast period due to the growing demand for the systems in war zones, where surprise attacks by enemy parties can cause considerable damage. By product type, the global gunshot detection systems market is segmented into indoor and outdoor gunshot detection systems. The outdoor gunshot detection system segment accounted for the largest share in the global gunshot detection system market in 2017 and is likely to witness the fastest growth over the forecast period. By installation type, the global gunshot detections systems market is segmented into fixed, portable, and vehicle mounted. The fixed installation segment dominated the global gunshot detection system market in 2017 and is likely to retain the leading share in the market over the forecast period. However, portable systems are likely to exhibit a higher growth rate over the forecast period. Leading players in the global gunshot detection system market include Safety Dynamics LLC, QinetiQ, Rheinmetall AG, Tracer Technology Systems Inc., ELTA Systems – Israel Aerospace Industries Ltd., Louroe Electronics, Battelle Memorial Institute, Shooter Detection Systems LLC, SST Inc., ACOEM Group, Thales Group, and Raytheon Company. In June 2019, Shotspotter’s (SST Inc.) gunshot detection program was incorporated into the police forces in Toledo, Ohio. A murder in the city in June 2018 is seen as having been a considerable factor in expediting the adoption of the system, as the murder was marked by the inability of police units to pinpoint of the precise location despite having received multiple 911 emergency calls. P a g e |4 Copyright © 2017 Market Research Future. Global Gunshot Detection System Market Research Report — Forecast till 2023 P a g e |5 Copyright © 2017 Market Research Future.
Global 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 Region — Forecast till 2023
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