Global gunshot detection system market is expected to grow from US$ 850.2 million in 2017 to US$ 4325.0 million by 2025 growing at CAGR of 22.6% from 2018 to 2025.
The major factors propelling the gunshot detection system market growth are a rise in gunshot detection system deployment in commercial infrastructure due to mass killing, utilization of gunshot detection systems by law enforcement agencies of developed nations, and reducing casualties from enemy gunfire in war zones.
The market for gunshot detection system is at its growing phase owing to increasing gunfire incidences and mass killing. The market is further expected to flourish in North America and the Middle East owing to smart cities development in these regions and increase in fund allocation by the government for the deployment of a gunshot detection system.
North America is the dominant region in the gunshot detection system market and this region is expected to continue its lead during the forecast period. Where, U.S. dominated the demand for gunshot detection systems with the installation of gunshot detection solutions in more than 90 cities and municipalities across the country, as on March 2018. With the increasing gun ownership in this region, gunfire-related incidents is becoming a major concern for the government. Thus, the government is allocating funds and emphasizing on deployment of gunshot detection systems. For instance, in May 2018, Chicago law enforcement department signed a contract with ShotSpotter to expand its coverage area of gunshot detection solutions. Also, North America is expected to be the fastest growing region in gunshot detection system market followed by Middle East and Africa.
The major players operating in the gunshot detection system market are Raytheon Company, ShotSpotter, Inc., Shooter Detection Systems LLC, AmberBox Inc., Louroe Electronics, Safety Dynamics Inc., Microflown Avisa BV, Rheinmetall AG, QinetiQ North America, and Databuoy Corporation among others.
Currently, fixed installation is the leading segment, whereas wearable installation is expected to grow at a higher rate during the forecast period. Wearable gunshot detection system is the innovative alternative for existing gunshot monitoring systems which designed to detect individual firearm usage and it enhances the ability of correctional authorities to detect firearm. These systems are extensively used in military and army application that allows faster detection of distance and direction of enemy fire.
The report segments the global gunshot detection system market as follows:
Global Gunshot Detection System Market– By Product Type
Global Gunshot Detection System Market– By InstallationFixed Installation
Vehicle Mounted Installation
Global Gunshot Detection System Market– By Application
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