Gunshot detection system Market To 2026 Key Business Strategies and Growth Overview by Leading Industry Players - Raytheon Company, SST, Inc. (Shotspotter), Shooter Detection Systems LLC, Acoem Group, Battelle Memorial Institute, Louroe Electronics and Tr

Global gunshot detection system market is valued at approximately USD 1006.5 million in 2018 is anticipated to grow with a rate of more than 22% over the forecast period 2019-2026.

Growing incidences of violence and weapon related fierceness has increased the need for such solutions for preventing such cases in future by state and local law enforcement agencies. Growing incidences of gunfire in public areas are fueling the demand for gunshot detection systems to avoid such incidence are supplementing the market growth.

Furthermore, growing adoption of these detection system in smart cities for safety is expected to create lucrative growth prospects of the gunshot detection system market across the globe. However, high maintenance cost and installation cost acts as a key restraint for the market during the forecast period.

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The leading market players mainly include-

Raytheon Company
SST, Inc. (Shotspotter)
Shooter Detection Systems LLC
Acoem Group
Battelle Memorial Institute
Louroe Electronics
Tracer Technology Systems, Inc.
Safety Dynamics, Inc.
Databuoy Corporation
Rafael Advanced Defense Systems Ltd.
ELTA Systems Ltd.
Compagnie Industrielle Des Lasers (CILAS)
Microflown Avisa B.V.

Further On the basis of segmentation, the gunshot detection system market is segmented into product type, installation and application. The application segment is diversified into defense and homeland security. Defense sector dominate the applications segment owing to wide adoption of these security system by defense sector to identify the area of gun firing. On the basis of product type segment, the market is classified into indoor and outdoor. Outdoor segment dominate the type segment owing to owing to increasing incidences of shooting at public places. Moreover, indoor segment is expected to grow with high CAGR over the forecast period. The installation segment is categorized on the basis of fixed, portable and mounted system. The fixed installation is dominating segment owing to usage of acoustic sensor node technology in fixed installation that is capable to detect gunshot from a long distance.

The regional analysis of gunshot detection system market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. North America holds the leading position in gunshot detection system market due to high number of firearm-related deaths coupled with growing installation of these security system in universities, offices and others. Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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Table of Contents

Chapter 1.Executive Summary
Chapter 2. Gunshot detection system Definition and Scope
Chapter 3. Gunshot detection system Dynamics
Chapter 4. Gunshot detection system Industry Analysis
Chapter 5. Gunshot detection system Market, by Product
Chapter 6. Gunshot detection system Market, by Installation
Chapter 7. Global Gunshot Detection System Market, By Application
Chapter 8. Gunshot detection system Market, by Regional Analysis
Chapter 9. Competitive Intelligence
Chapter 10. Research Process

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This release was published on openPR.