Gunshot Detection System Market to 2023 (20.9% CAGR Expected) Top Player Profiles – SST, Inc., Raytheon BBN Technologies, QinetiQ North America, Shooter Detection System and More

Over the next five years, LPI(LP Information) projects that Gunshot Detection System will register a 20.9% CAGR in terms of revenue, reach US$ 2460 million by 2023, from US$ 790 million in 2017.

A gunfire locator or gunshot detection system is a system that detects and conveys the location of gunfire or other weapon fire using acoustic, optical, or potentially other types of sensors, as well as a combination of such sensors. These systems are used by law enforcement, security, military and businesses to identify the source and, in some cases, the direction of gunfire and/or the type of weapon fired.

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The gunshot detection system market was dominated by the homeland segment in 2016 and is expected to continue its dominance during the forecast period. Gunshot detection systems for homeland security were first used in the U.S. These systems are primarily used by law enforcement agencies. They are installed at the height of more than 30 feet above the ground at specific locations of the coverage area. These include walls, poles, streetlights, and buildings, among others. Furthermore, increase in mass shootings incidents at educational institutions is a prime concern.

Key players in the gunshot detection system market are SST, Inc., Raytheon BBN Technologies, QinetiQ North America, Shooter Detection System, and ACOEM Group.

This report presents a comprehensive overview, market shares and growth opportunities of Gunshot Detection System market by product type, application, key companies and key regions.

To calculate the market size, LP Information considers value generated from the sales of the following segments:

Segmentation by product type:

Fixed System
Vehicle Mounted System
Segmentation by application:

Homeland
Defense
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The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:

Raytheon Company
Thales GroupÂ
Battelle Memorial InstituteÂ
Rafael
SST
Safran Electronics & Defense
Rheinmetall AGÂ
ELTA Systems Ltd
Acoem GroupÂ
Databuoy CorporationÂ
CILAS
Qinetiq North AmericaÂ
Microflown Avisa B.V.Â
Shooter Detection Systems LLC
Safety Dynamics Inc
Information System Technologies
V5 Systems Inc

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Gunshot Detection System market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Gunshot Detection System market by identifying its various subsegments.
Focuses on the key global Gunshot Detection System players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Gunshot Detection System with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Gunshot Detection System submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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