Global Gunshot Detection System Market Outlook 2025
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Product Code:
RP-ID-10347030 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
125 -
Category:
Aerospace & Defence -
Publisher:
Pub-ID-9
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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Global Gunshot Detection Systems Market Analysis 2017-2025
A gunshot detection system detects and conveys the location of gunfire or any other weapon. Also known as gunshot locators or shooter detection systems, these systems work by accurately and reliably detecting live ammunition (gunshots), with the help of acoustic, optical, or any other type of sensors, as well as a combination of these sensors. Gunshot detection systems are widely used by military, law enforcement, and security agencies. The global gunshot detection systems market is anticipated to grow with a robust CAGR of nearly 20% during the forecast period, i.e., 2018-2025. Factors such as the rising demand for gunshot detection systems in smart cities globally, coupled with the numerous benefits associated with gunshot detection systems are anticipated to promote the growth of the global gunshot detection systems market during the forecast period. Additionally, factors such as the growing need for advanced security systems in smart cities on account of rising incidences of weapon related fierceness, is anticipated to drive the market growth.
The global gunshot detection systems market consists of numerous segments, which include segmentation by product type, installation, application, and by region. The market is further segmented by product type into indoor and outdoor, out of which, the outdoor segment held the largest market share in 2017, owing to the wide utilization of these systems by the law enforcement agencies as well as in the defense sector so as to minimize mass killing and to determine the direction of incoming enemy gunfire during a warfare.
Based on region, the global gunshot detection systems market is segmented by regions into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa, out of which, the market in North America is forecasted to grab the highest market share of close to 60% in 2021. Increasing concern for the firearm-related deaths in the region and the stringent regulatory policies and schemes that raises the requirement for the installation of such systems are some of the factors anticipated to drive the growth of the market in the region.
Some of the prominent players in the global gunshot detection systems market are ShotSpotter, Inc., Shooter Detection Systems (SDS), Raytheon Technologies Corporation, AmberBox, Inc., Louroe Electronics, Safety Dynamics, Inc., Microflown AVISA, Rheinmetall AG, QinetiQ Group, and Databuoy Corporation.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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ShotSpotter, Inc., Shooter Detection Systems (SDS), Raytheon Technologies Corporation, AmberBox, Inc., Louroe Electronics, Safety Dynamics, Inc., Microflown AVISA, Rheinmetall AG, QinetiQ Group, and Databuoy Corporation