Press release
North America Gunshot Detection Market High trend Opportunities offers Future Business Growth by 2031
According to a recent report published by Allied Market Research, titled, "North America Gunshot detection Market by Product, Application, and Installation: North America Opportunity Analysis and Industry Forecast, 2022-2031," the North America Gunshot detection market was valued at $276 million in 2021, and is projected to reach $646 million by 2031, registering a CAGR of 9.1%.U.S. dominated the North America gunshot detection market share in 2021, owing to increase in R&D activities; technological developments by key players; rapid adoption of innovative technologies in making reliable, safe, and secure gunshot detection solutions. The mass shootings are on the rise in the North American region and consequently, the demand for gunshot detection systems is growing significantly, especially in the U.S. Leading players are adopting several strategies such as business expansion, product launch, contract, and partnership to offer advanced solutions and services for improving the safety of the citizens. For instance, in March 2022, Viisights (a leading innovator of behavioral recognition systems for real-time video intelligence), and Eagl Technology, a key player of gunshot detection and lockdown systems entered into partnership to produce and deploy exceptional video understanding technology designed to spot armed individuals and provide instantaneous alerts.
Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/31933
Gunshot detection is quite helpful for police in order to handle the rise in shooting instances. Police officers could be notified in under a minute of the gunfire location, number of shots fired and number of shooters. In 2020, the Colorado Springs Police Department implemented a gunshot detection system that helps officers locate shots fired. In addition, Grand Rapids Police officials urged the city leaders to use $500,000 of coronavirus relief funds to purchase ShotSpotter, the gunshot detection software.
By product, the North America gunshot detection market is segregated into indoor and outdoor. The indoor segment accounted for the highest revenue in 2021, owing to high demand for gunshot detection systems that can detect and ensure the safety of occupants inside a building.
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Key Findings Of The Study
By product, the outdoor segment is expected to register a significant growth during the forecast period.
On the basis of application, the homeland security segment is anticipated to exhibit significant growth in future.
On the basis of installation, the vehicle mounted system segment is anticipated to exhibit significant growth in future.
Country-wise, Mexico is anticipated to register the highest CAGR during the forecast period.
The key players that operate in the North America Gunshot detection market include 3xLOGIC, Alarm Systems, Inc., AmberBox, Inc., Databuoy Corporation, Information System Technologies Inc., QinetiQ Inc. US, Raytheon Technologies Corporation, Safe Zone Technologies, Inc., Shooter Detection Systems and ShotSpotter Inc.
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https://www.alliedmarketresearch.com/north-america-gunshot-detection-market-A31483
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About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of ""Market Research Reports"" and ""Business Intelligence Solutions."" AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
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