Gunshot Detection System Market Growth & Forecast | 2022-28

Market Insights

The Gunshot Detection System Market is estimated to grow from USD 657.66 million in 2021 to USD 1365.01 million by 2028 at a healthy CAGR of 10.74 % during the forecast period.

To know more about this report, register here.

Drivers

• Increasing outbreaks of shooting at hospitals, schools, and universities.
• The growing adoption of gunshot detection systems by law enforcement agencies, especially from the North American region.

What is Gunshot detection system?

Gunshot detection system is a system that is used for the detection of gunfire or other weapon fire location. The detection of the location is done through a combination of systems such as optical, radars, and others.

Gunshot detection system can be of fixed installed, soldier mounted, and vehicle installed. The system can be used on indoor and outdoor basis.

Key Players

Some of the major players in the market are-

• Acoem Group
• Battelle Memorial Institute
• Compagnie Industrielle Des Lasers (CILAS)
• Databuoy Corporation
• ELTA Systems Ltd.
• Information System Technologies, Inc.
• Louroe Electronics
• Microflown Avisa B.V.
• Qinetiq North America
• Rheinmetall AG

Segment Analysis

Application Trend

The market is segmented as commercial and defense. The commercial segment is estimated to register a higher growth during the forecast period. The growth of the segment is driven by the demand for enhanced security in futuristic smart cities.

On the other hand, the defense application segment of gunshot detection systems includes soldier wearables, installation on armored vehicles, border crossings, and military installations at edifices and bases, among others. Defense systems are attentive at localization of the origin of gunshots and delivering information for counter-offensive strategies.

Installation Trend

The market is segmented into fixed installations, soldier-mounted, and vehicle installations. The fixed installations segment is estimated to witness the highest growth in the coming five years.

Nevertheless, the vehicle installations segment commands the global market and the market potential for GDS systems on vehicle installations will significantly escalate based on the growing demand for armored vehicles from the militaries across the globe.  

 Regional Analysis

The US gunshot detection system market is estimated to portray the highest growth during the forecast period. Factors contributing to the threat of gunfire-related incidents have been gun ownership in the US and illegal arms sales.

Rise in deaths or homicide incidents triggered off using guns is a grave concern in the region. The North American gunshot detection system market is expected to witness substantial growth, driven by the high number of firearm-related deaths in the region, especially in the US, where the firearm-related death rate outpaces other countries by 25 times. 

Further, prominent US cities are deliberating to install indoor gunshot detection systems at corporate offices, universities, schools, hospitals, and financial facilities, among others, over the next 5 years. Europe and Asia-Pacific are also expected to offer sizeable growth opportunities during the forecast period. 

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. 

The market is segmented into the following categories. 

By Installation Type:

• Fixed Installations 
• Soldier Mounted 
• Vehicle Installations 

By Application Type:

• Commercial
  • (Application Type Analysis: Public Safety and Education)
• Defense
  • (Application Type Analysis: Air Force and Military)

By Solution Type:

• Systems 
• Saas 

By System Type:

• Indoor 
• Outdoor 

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with companies across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Target Audience

The target audience of the gunshot detection system market includes-

• Gunshot Detection System Vendors
• Gunshot Detection System Manufacturers
• Gunshot Detection System Distributors
• Organizations
• Government Bodies.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2028. Following are the critical questions answered in the report.

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on global market?
• What are the key strategies adopted by the major vendors to lead in the global market?
• What is the market share of the top vendors?

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the system type by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.