Sensor-based Gun Systems Industry: Share, Trend, Segmentation and Growth, Future Prospects & Competitive Analysis, Forecast to 2020

Publisher’s market research analyst predicts the global sensor-based gun systems market to grow at a CAGR of over 5% during the forecast period. To strengthen the land border security potential, several countries across the globe including the US, India, South Korea, and Israel are making extensive investments in the development and procurement of advanced solutions such as sensor-based systems and weapons, which helps them intelligently track and neutralize unauthorized intrusions. The growing incidences of cross-border terrorism and illicit trafficking of weapons has prompted the defense agencies to make investments in homeland security and ensure control over cross-border infiltration. By the end of 2016, the Indian Army will install the first batch of automatic sensor-based guns along with the border fences. These systems can detect and neutralize unlawful trafficking autonomously. With increasing efforts on ensuring enhanced border protection system, the market for the sensor-based gun system is likely to witness substantial growth during the forecast period.

There has been an increasing inclination among security agencies to incorporate their law enforcement personnel with advanced military grade arms and ammunitions to ensure enhanced homeland security. Owing to such requirements, manufacturers are developing smart guns that cannot be used by anyone without the authorized personnel. Yardarm Technologies has come up with an Internet-connected gun, which employs sensors that send alerts to the police station as and when the gun is taken out of the holster. The gun not only tracks locations but also collects and distributes important information pertaining to the concerned agencies.

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Competitive landscape and key vendors

Intense competition prevails in the global sensor-based gun systems market, where the vendors compete in terms of cost, product quality, reliability, and aftermarket service. The growing requirement for securing borders or strategic infrastructures from illegal trespassing has propelled market players to offer cost-effective and high-quality sensor-based gun systems to the defense agencies. Several vendors are also adopting lightweight materials and computer-based manufacturing technologies to develop sensor-based gun systems for better accuracy. The market will undergo several collaborations and alliances for the development of personalized guns.

Leading vendors in the market are -

Armatix

DoDaaM Systems

Hanwha Techwin

Rafael Advanced Defense Systems

Saab

TrackingPoint

Other prominent vendors in the sensor-based gun systems market include Adunok, Kalyani, TriggerSmart, and Yardarm Technologies.

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Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Geographical segmentation

PART 07: Market drivers

Complete Report is Available at: http://www.reportsweb.com/global-sensor-based-gun-systems-market-2016-2020

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