Gunshot Detection System Market size, share, Trends, Growth Challenges, Key Players, Industry Competitors Analysis To 2023

MRFR offering latest research report on 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

Gunshot Detection System Market Key Players:

Raytheon Company (US), Thales Group (France), ACOEM Group (France), SST (ShotSpotter), Inc. (US), Shooter Detection Systems LLC. (US), Battelle Memorial Institute (US), Louroe Electronics (US), ELTA Systems - Israel Aerospace Industries Ltd. (Israel), Tracer Technology Systems, Inc. (US), Rheinmetall AG (Germany), Qinetiq (UK), and Safety Dynamics, LLC (US).

Get Free Sample Copy of @ https://www.marketresearchfuture.com/sample_request/7034

Gunshot Detection System Market Scenario:

A Gunshot Detection System, which is also known as gunfire locator system, helps in the detection of the gunfire's location, by using the optical, acoustic, or other sensors.

These systems are primarily used by the law enforcement officials and the military personnel in order to identify the source and the direction of the type of weapon fired. These systems help in improving the situational awareness of the soldiers and the law enforcement personnel.

The primary factor that boosts the Global Gunshot Detection System Market is the growing gunfire incidents in the public places such as metro/railway stations, schools, hospitals, etc.

Concurrently, as a result of the rapidly increasing terrorism threats, across the globe, along with other insurgent activities in the public places, the law enforcement officials, homeland security personnel, and the military forces are adopting the gunshot detection technologies so as to mitigate the casualties, during such incidents. In addition, the military authorities of some countries are installing the gunshot detection systems in their national borders, as a result of the increasing cross border firing. This factor also fuels the market growth.

Over the years, there has been a significant increase in the global military expenses, which also fuels the market growth. According to the Stockholm International Peace Research Institute (SIPRI), the global military spending rose by 1.1% in 2017, accounting for approximately USD 1.74 trillion.

In the same year, countries such as China, Saudi Arabia, and India increased their military spending by 5.6%, 9.2%, and 5.5%, respectively. Furthermore, India overtook the UK, to become the fifth largest defense spender in the world.

Meanwhile, other countries have plans to invest in advanced technologies and are focusing on expanding, modernizing, and enhancing the operational capabilities of their armed forces.

Gunshot Detection System Market Segmentation:

The Global Gunshot Detection System Market has been segmented by installation type, product type, end-user, and region.

Based on installation type, the Gunshot Detection System Market is divided into fixed systems, portable systems, and vehicle mounted systems. In 2017, the fixed system segment accounted for the largest market share, and it is expected that the portable system segment would witness the fastest market growth, during the forecast period.

Based on product type, the Gunshot Detection System Market is divided into indoor and outdoor. In 2017, the outdoor segment accounted for the largest market share and it is also expected to witness the fastest market growth, during the forecast period.

Based on end-user, the Gunshot Detection System Market is divided into homeland security personnel and military forces. In 2017, the military segment accounted for the largest market share and it is expected that the homeland security segment would witness the fastest market growth, during the forecast period.

The Global Gunshot Detection System Market has also been segmented into five regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

North America had the largest share of the market in 2017, which was significantly due to the large production and sales of firearms and the growth in gunfire incidents in the US, in particular. According to the ShotSpotter National Gunfire Index, there were approximately 87,000 gunfire incidents in 2017, across 87 cities, in the US, particularly.

Concurrently, there has been a large sale of firearms over the last 2 years in the country. Due to such factors, the government is putting emphasis on the deployment of gunshot detection systems. Similarly, Asia-Pacific is expected to be fastest growing market for the gunshot detection systems, during the forecast period. This is primarily due to the rising terror attacks, political disputes, and cross-border conflicts across the region. Therefore, the Global Gunshot Detection System Market is estimated to register a CAGR of over 20% during the forecast period of 2018 to 2023.

Gunshot Detection System Market Intended Audience:

Gunshot detection system developers
Defense authorities
Law enforcement personnel
Research institutes
Firearm producers
Government officials
Regulatory bodies
Table Of Contents:

Executive Summary
Scope Of The Report
2.1. Market Definition

2.2. Scope Of The Study

2.2.1. Definition

2.2.2. Research Objective

2.2.3. List Of Assumptions

2.2.4. Limitations

Research Methodology
Continue..........

Access Report Details @https://www.marketresearchfuture.com/reports/gunshot-detection-system-market-7034

WantStats Research and Media Pvt. Ltd. Office No. 528, Amanora Chambers Pune -, 411028 Maharashtra, India

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

This release was published on openPR.