The Worldwide Gunshot Detection System Industry is Projected to Reach $1.1 Billion by 2030: Rising Incidence of Global Security Concerns Provides Cornerstone for Growth in the Market

PR Newswire
·4 min read

DUBLIN, Feb. 3, 2023 /PRNewswire/ -- The "Gunshot Detection System - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

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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

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/ofobpb-detection?w=5

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