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Gunshot Detection System Market worth $13.11 billion by 2030, growing at a CAGR of 9.96% - Exclusive Report by 360iResearch
Gunshot Detection System Market | 360iResearch
The Global Gunshot Detection System Market to grow from USD 6.74 billion in 2023 to USD 13.11 billion by 2030, at a CAGR of 9.96%.
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Gunshot detection systems (GDS) utilize advanced acoustic sensing technology to swiftly detect, distinguish, and promptly alert law enforcement authorities of gunfire incidents. This system comprised sensors to detect the sound of a gunshot, a computer to receive and display that message, and transmitters to send a message to the police dispatch center. There is a significant demand for GDS due to recent concerns over national security and the increasing number of shootings. This heightened need has been met with favorable legislation for law enforcement applications. However, implementing GDS can be expensive and have certain privacy issues, which remain major restraints to market growth. Despite these obstacles, upgrading existing systems through advancements in sensor technology provide numerous opportunities that could benefit manufacturers and consumers regarding safety measures. Challenges still exist, such as false alarms or difficulty in integrating control/command systems; however, they are being addressed by strategic alliances amongst producers and investment activities overseas.
Increasing mass shooting incidence, rising security concerns, and surging installation by law enforcement agencies led to the adoption of GDS by commercial and defense sectors across North America, Europe, and Asia-Pacific. North America has dominated the market for the past decade because of the high shooting rates or gunshots near schools, colleges, and universities, as educational facilities within the U.S. The U.S. has seen a rise in gun crime in recent years, prompting law enforcement to deploy gunshot detection devices. Moreover, Asia-Pacific is showcasing remarkable growth owing to the increasing smart city projects, especially in India and other Asian countries. Additionally, rapid urbanization, expansion of military forces, and rising defense expenditure in China, Japan, and India are expected to propel the market's growth. Furthermore, Europe is anticipated to show significant growth due to the increasing number of contracts between GDS original equipment manufacturers (OEMs) and security agencies across the UK, Germany, and France, boosting the market growth. The rising use of GDS by law enforcement and homeland security agencies in Middle Eastern countries is expected to drive the market's growth in the coming years.
Market Segmentation & Coverage:
This research report categorizes the Gunshot Detection System Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Installation, market is studied across Fixed Installations, Soldier Mounted, and Vehicle Mounted. The Vehicle Mounted is projected to witness significant market share during forecast period.
Based on Product Type, market is studied across Indoor and Outdoor. The Indoor is projected to witness significant market share during forecast period.
Based on Solution, market is studied across Subscription Based Gunshot Detection Service and System. The System is projected to witness significant market share during forecast period.
Based on Application, market is studied across Commercial and Defense. The Defense is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Gunshot Detection System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Gunshot Detection System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Gunshot Detection System Market, highlighting leading vendors and their innovative profiles. These include 3xLOGIC, Acoem Group, ACTi Corporation, Alibi Security, AmberBox, Inc., AT&T Intellectual Property, Athena Security, Inc., Axis Communications AB, BLTI, Cilas, Crime Gun Intelligence Technologies (CGIT), Defendry, LLC, Diversified Data Systems, Inc., EAGL Technology, Inc., Genetec Inc., GWACS DEFENSE, INC., HALO Smart Sensor, Information System Technologies Inc., Itron Inc., Johnson Controls International, PLC, LINSTAR by IdentiSys Inc., Microflown AVISA B.V., Myers Security, LLC, Preeminent Protective Services, QinetiQ Group, Raytheon Technologies Corporation, Response Technologies Ltd., ROI4CIO, Safe Zone Technologies, Inc., Safety Dynamics, Inc., Shooter Detection Systems LLC, ShotSpotter Inc., SurveillanceGrid Integration Inc., Teledyne FLIR LLC, Thales Group, Tracer Technology Systems, Inc., Vesper Technologies, Inc., and ZeroEyes, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Gunshot Detection System Market, by Installation
7. Gunshot Detection System Market, by Product Type
8. Gunshot Detection System Market, by Solution
9. Gunshot Detection System Market, by Application
10. Americas Gunshot Detection System Market
11. Asia-Pacific Gunshot Detection System Market
12. Europe, Middle East & Africa Gunshot Detection System Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Gunshot Detection System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Gunshot Detection System Market?
3. What is the competitive strategic window for opportunities in the Gunshot Detection System Market?
4. What are the technology trends and regulatory frameworks in the Gunshot Detection System Market?
5. What is the market share of the leading vendors in the Gunshot Detection System Market?
6. What modes and strategic moves are considered suitable for entering the Gunshot Detection System Market?
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