According to Stratistics MRC, the Global Gunshot Detection System Market is accounted for $528.00 million in 2019 and is expected to reach $1,354.73 million by 2027 growing at a CAGR of 12.5% during the forecast period. Minimizing enemy gunfire casualties in war zones and increasing incidences of shootings at public places are propelling the market growth. However, high installation cost of gunshot detection system in cities is hampering the market growth.
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Based on the system type, the indoor segment is anticipated to hold considerable market share during the forecast period due to an increase in the incidence of shootings at school premises in the past couple of years, which may force such institutions to increase their perimeter security by installing indoor gunshot detection systems during the forecast period. By geography, North America is going to have a lucrative growth during the forecast period owing to the high number of firearm-related deaths in the region, especially in the US where firearm-related death rate is 25 times higher than other countries. Major US cities are planning to install indoor gunshot detection systems at universities, corporate office locations, and financial facilities, among others.
Some of the key players profiled in the Gunshot Detection System Market include Aselsan AS, Cilas, Databuoy Corporation, Elbit Systems Ltd, Information System Technologies Inc, Israel Aerospace Industries Ltd, Louroe Electronics, Microflown AVISA, QinetiQ, Rafael Advanced Defense Systems Ltd, Raytheon Company, Rheinmetall AG, Safety Dynamics Inc, ShotSpotter and Thales Group.
System Types Covered:
• Indoor
• Outdoor
Installations Covered:
• Vehicle Mounted (Ground and Aerial)
• Soldier Mounted/ Portable/ Wearable Installation
• Fixed/Ground Installations
Solutions Covered:
• Subscription as a Service (SaaS)
• System
Types Covered:
• UAV Based
• Ground Based
Components Covered:
• Processing Unit
• Sensors
Applications Covered:
• Small Arms Fire
• Rockets, Artillery and Mortars
End Users Covered:
• Homeland/Law Enforcement
• Commercial
• Defense
Sales Channels Covered:
• Distribution Channel
• Direct Channel
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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