Global Gunshot Detection System Strategic Business Report 2023: Accuracy Benefits Fuel Popularity of Acoustic Gunshot Detection Systems


Dublin, Feb. 03, 2023 (GLOBE NEWSWIRE) -- The "Gunshot Detection System - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Gunshot Detection System estimated at US$681 Million in the year 2022, is projected to reach a revised size of US$1.1 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2022-2030.

Fixed Installation, one of the segments analyzed in the report, is projected to record a 7.1% CAGR and reach US$675.7 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Vehicle Installation segment is readjusted to a revised 5.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $199.2 Million, While China is Forecast to Grow at 6.2% CAGR

The Gunshot Detection System market in the U.S. is estimated at US$199.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$198.5 Million by the year 2030 trailing a CAGR of 6.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Select Competitors (Total 44 Featured) -

  • Acoem Group
  • Battelle Memorial Institute
  • Compagnie Industrielle des Lasers (CILAS)
  • Databuoy Corporation
  • EAGL Technology
  • Information System Technologies, Inc.
  • Louroe Electronics
  • Microflown AVISA B.V.
  • Rafael Advanced Defense Systems Ltd.
  • Raytheon Company
  • Rheinmetall AG
  • Safety Dynamics, Inc.
  • Shooter Detection Systems
  • ShotSpotter Inc.
  • Thales Group
  • Tracer Technology Systems, Inc.
  • V5 Systems, Inc.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
Report AttributeDetails
No. of Pages243
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$681 Million
Forecasted Market Value (USD) by 2030$1100 Million
Compound Annual Growth Rate6.2%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession
  • Gunshot Detection System - Global Key Competitors Percentage Market Share in 2022 (E)
  • Gunshot Detection System: Next Generation Analytics-Based Security Solution
  • Rising Incidence of Global Security Concerns Provides Cornerstone for Growth in the Market
  • Number of Terrorist Attacks by Region for the Years 2002-2018
  • Rise in Civilian Gun Ownership Worldwide Highlights the Urgent Need for Gun Detectors: Number of Firearms (Per 100 People) by Leading Countries (2019)
  • Growing Military Expenditure Bodes Well for Future Market Prospects
  • Global Military Spending (In US$ Billion) for the Years 2015, 2017, 2019, 2021 & 2023
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Increasing Numbers of Mass Shootings at Public Places Boosts Adoption by Law Enforcement Agencies
  • Growing Civilian Gun Ownership in North America Augments Demand for Gun Detection Technology
  • Percentage (In %) of US Households Owning Firearms for the Years 2009, 2012, 2015, 2018 & 2019
  • Growing Investments in Border Security Technology and Equipment
  • Mandatory Installation of Gunshot Detection Systems Expands the Addressable Market
  • Gunshot Detection, A Critical Component of Smart City Design
  • Opportunity Indicator: Global Technology Spending (In US$ Billion) on Smart City Initiatives for the Years 2019, 2021, 2023 & 2025
  • Accuracy Benefits Drive Popularity of Acoustic Gunshot Detection Systems
  • Technology Innovations Remain Crucial to Future Growth
  • Guardian Direct Connect Provides Protection Against Active Shooter Threats
  • Next-Generation Gunfire Detector Features Cloud and Machine Learning Capabilities
  • Instant Gunfire Notification Enhances Response Time of Law Enforcement Agencies
  • Artificial Intelligence Powered Gun Detection Technology
  • High Installation Costs Deters Adoption
  • Covid-19 Outbreak to Challenge Market Growth

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/7h2i5n-detection?w=12

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

 
Global Market for Gunshot Detection System

Coordonnées