Gunshot Detection System Market to 2025 - Global Analysis and Forecasts by Product Type, Installation and Application - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 25, 2018--The “Gunshot Detection System Market to 2025 - Global Analysis and Forecasts by Product Type, Installation and Application” report has been added to ResearchAndMarkets.com’s offering.
The global gunshot detection system market accounted for US$ 850.2 Mn in 2017 and is expected to grow at a CAGR of 22.6% over the forecast period 2018-2025, to account for US$ 4325.0 Mn in 2025.
The demand for gunshot detection systems is largely influenced by a number of factors such as increasing firearm related crimes worldwide. Weapon related fierceness are devastating these days across the globe. Unfortunately, these incidents of violence are increasing rapidly and are unreported in many cases. Therefore, it has become essential for state and local law enforcement agencies to deploy solution which can take detect/prevent such cases in future.
Also, during the past few years, several incidents of gunfire took place in public areas as well as commercial infrastructure. One such miserable instance took place in Las Vegas in 2017, in which 58 people were killed and hundreds of others were injured by a gunman. Further, in 2014, a terrorist attack in a School of Pakistan killed around 150 people. Increase in such incidences are fueling the gunshot detection system market growth for homeland security. As per SecurityInfowatch, around 300 mass shootings incidences occurred in the U.S. alone during 2015. Attributed to the above mentioned factor, the gunshot detection systems is extensively deployed in educational institutes, government buildings, museums, and hotels etc.
The gunshot detection system market is fragmented with the presence of several providers in the supply chain and the competitive dynamics in the market is expected to change during the upcoming years. The players in the value chain depend on different third-party solution providers, software providers, and hardware providers. This results in over-dependency of players on each other for efficient performance.
ShotSpotter, Inc., U.S. is the leading gunshot detection system market globally. Other key players of the gunshot detection system market include Raytheon Company, Shooter Detection System LLC, Thales Group, and Safety Dynamics, Inc. among others.
Key Topics Covered:
2. Key Takeaways
3. Gunshot Detection System Market Landscape
4. Gunshot Detection System Market - Key Industry Dynamics
5. Gunshot Detection System Market - Global Market Analysis
6. Gunshot Detection System Market Revenue and Forecast To 2025 - Product Type
7. Gunshot Detection System Market Revenue and Forecast To 2025 - Installation
8. Gunshot Detection System Market Revenue and Forecast To 2025 - Application
9. Gunshot Detection System Market - Geographical Analysis
10. Industry Landscape
11. Competitive Landscape
12. Gunshot Detection System Market, Key Company Profiles
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PUB: 09/25/2018 06:20 AM/DISC: 09/25/2018 06:20 AM