Press release
Gunshot Detection Systems Market Advancements and Outlook 2021:Thales Group, ShotSpotter, ACOEM Group, QinetiQ, CILAS
Global Gunshot Detection Systems Market – Growth, Trends, And Forecast (2021 – 2025)The report presents an in-depth assessment of the Global Gunshot Detection Systems Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Gunshot Detection Systems investments from 2021 till 2025.
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The Global Gunshot Detection Systems market is highly competitive and consists of a number of major players. Companies, like Raytheon Company, Rheinmetall AG, Rafael Advanced Defense Systems Ltd, Israel Aerospace Industries Ltd., Thales Group, ShotSpotter, ACOEM Group, QinetiQ, CILAS, Databuoy Corporation, Information System Technologies Inc., Louroe Electronics, Safety Dynamics, Inc., Microflown AVISA, ASELSAN AS, Elbit Systems Ltd. among others.
Scope of the Report
The gunshot detection systems market is anticipated to register a CAGR of 26% during the forecast period, 2020-2025.
- Increased incidences of gun-firing, especially at school premises, have led to various security measures, such as warning people in close proximity and alerting authorities to the location of the shooting. It has resulted in a growing demand for gunshot detection systems over the years.
- Growing investment in border security is also likely to drive the market growth in the coming years, as these systems can help border security forces detect and avert any attempts of smuggling, infiltration, and illegal immigration; moreover, with a little modification of the system, it might be possible for the manufacturers to help forces identify perpetrators and detect illegal entry even in the absence of gunshots.
- Various law enforcement agencies worldwide are now deploying various tactics in order to curb the increased incidents related to the mass shooting, which will further increase the demand and interest for advanced gunfire detection technology.
Key Market Trends
Outdoor Gunshot Detection Systems Segment projected to grow at a High Pace
The gunshot detection systems market has been classified into indoor and outdoor. In 2018, the outdoor segment accounted for a major share. However, the indoor segment is anticipated to register the highest CAGR during the forecast period. This is primarily due to the increasing incidences of shootings at school premises in the past couple of years, which will likely force such institutions to increase their perimeter security by installing indoor gunshot detection systems during the forecast period.
Latest news and developments:
Shotspotter, which sells civilian versions of Raytheon�s gunshot detection system through license, generated a revenue of around USD 23 million in 2017. The product procurement cost for GDS systems is very low. The service cost for detecting and informing the respective authorities/personnel for response accounted for a major share of the revenue in 2017. The civilian usage of GDS is gradually increasing across various countries, with the threat from random shooters and terrorists augmenting the demand from civilians.
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The key insights of the Gunshot Detection Systems Market report:
The report provides status of the Gunshot Detection Systems market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Gunshot Detection Systems market report presents the company profile, product specifications, capacity, production value, and 2016-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2021-2025 market development trends of Gunshot Detection Systems Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Gunshot Detection Systems Industry before evaluating its feasibility.
Finally, Gunshot Detection Systems Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Gunshot Detection Systems industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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How we have factored the effect of Covid-19 in our report:
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