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Gunshot Detection System Market Analysis to 2025 Led by Louroe Electronics, Databuoy Corporation, Raytheon Company, Shotspotter

Latest market study on “Gunshot Detection System Market to 2025 – Global Analysis and Forecasts by Product Type (Indoor and Outdoor), Installation (Fixed Installation, Wearable Installation, and Vehicle Mounted Installation), and Application (Military and Law Enforcement)”, the Gunshot Detection system market is estimated to reach US$ 4325.0 million by 2025 from US$ 850.2 million in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Rise in gunshot detection system deployment in commercial infrastructure due to mass killing is projected to escalate the market growth at a CAGR of 22.6%

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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.

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.

GLOBAL GUNSHOT DETECTION SYSTEM MARKET – SEGMENTATION
Global Gunshot Detection System Market – By Product Type

  • Indoor
  • Outdoor

Global Gunshot Detection System Market – By Installation

  • Fixed Installation
  • Wearable Installation
  • Vehicle Mounted Installation

Global Gunshot Detection System Market – By Application

  • Military
  • Law Enforcement

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 defense sector is one of the prominent end users in gunshot detection system market and uses three layer of security from opponent’s gunfire, the first layer comprises of individual gunshot detection devices, i.e., wearable devices, second layer is vehicle mounted systems, which can roam around and detect any gunfire and the final layer is fixed installed which communicate information to a central zone.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Tags: Gunshot Detection System Market

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Gunshot Detection System Market Analysis to 2025 Led by Louroe Electronics, Databuoy Corporation, Raytheon Company, Shotspotter

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