Increase in Smart City to Expedite Gunshot Detection System Market

1. Gunshot Detection System Market 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)

2. Gunshot Detection System Market Current and future Market Scenario  The global gunshot detection system market accounted to US$ 850.2 Mn in 2017 and is expected to grow at a CAGR of 22.6% during the forecast period 2018 - 2025, to account to US$ 4,325.0 Mn by 2025.  North America region includes the U.S., Canada and Mexico, US being highly security concern nation acquire major market share. Further, due to few gunfire incidences in past, law enforcement department have doubled the amount of public CCTV cameras and deployment of gunfire tracking devices that can provide police with real-time shooting locations is creating new opportunities for companies to market gunshot detection system across Canada.  Several market initiatives are adopted by the companies to extend its footprint throughout the globe and to answer the growing demand for the gunshot detection in the market. The players present in gunshot detection system market majorly focuses on partnership, contractual alliances for the deployment of gunshot systems in the required areas which also permit the company to maintain its brand name at a global level.

3. Gunshot Detection System Market Factors Contributing to Market Growth  Most of the market initiative were observed in North America region, which have the high potential of gunshot detection system related products and solutions. For instance, in 2018, SDS’s Guardian Indoor Active Shooter Detection and Reporting System is selected to protect the students of universities in the Southeast.  The Guardian system was selected due to its performance history recorded in other large universities; in 2018, ACG Solutions signed an agreement with AmberBox Gunshot Detection. Under terms of the agreement, ACG will offer AmberBox's market-leading indoor gunshot detection and response technology as an integral component of the recently launched Synchronized Orchestrated Response (SOR).  The global gunshot detection system market is segmented based on p product type, installation, application, and geography.

4. Key Findings  The different types included in global gunshot detection system market include indoor and outdoor; installation type segment in global gunshot detection system market are fixed, wearable and vehicle mounted.  The different applications areas covered in gunshot detection system market include military and law enforcement agencies. Geographically the gunshot detection system market is segmented on basis of five strategic regions as North America, Europe, Asia Pacific, Middle East and Africa and South America.  Key findings of the study: • Middle East and Africa is anticipated to account for the highest growth rate during the forecast period from 2018 – 2025, registering a growth rate of 23.5%. • Based on the installation, wearable segment is expected to surge at a prime rate during the forecast period. • Countries in Middle East and Africa region namely Saudi Arabia and UAE are experiencing significant rise adoption of advanced technologies including gunshot detection system in the recent scenario, and the two countries are also expected to create enough market space for gunshot detection system market.

5. Key Findings  Europe held the second largest market share in 2017. The increasing military budgets of certain European countries also provides opportunity for the market to grow. The EU announced to increase its military & defense budget and amount to be invested in new military technologies. For instance, France added US$ 2.1 Bn to its defense budget of 2018. Also, Denmark also announced to increase its military budget by 20%.  For sample PDF Copy @ https://www.theinsightpartners.com/sample/TIPTE100000916/  The revenue generated from the market for gunshot detection system is uneven for different regions. For instance, the North America region is estimated to hold the major revenue share.  The U.S. is dominating the market globally by holding more than 50% of the total market share. North America is followed by MEA region. Majority of the growth in MEA region is from developed economies such as Saudi Arabia, Iran, UAE, and Afghanistan among others. However, minimal growth has been noticed in the African region, apart from South Africa.

6. Gunshot Detection System Market Market Segments Product Type Gunshot Detection System Market- Application Installation • Fixed Installation • Wearable Installation • Vehicle Mounted Installation Indoor • Outdoor • Military Law Enforcement • •

7. Gunshot Detection System Market Dominating Segments  Market Insights Governmental Initiatives to Mitigate Public Shooting is Driving the Gunshot Detection System Market Weapon related fierceness are devastating these days across the globe. Unfortunately, these incidents of violence are increasing rapidly and are many a times unreported too. Therefore, it has become essential for state and local law enforcement agencies to deploy solution which can take detect/prevent such cases in future.  One such miserable instance took place in Las Vegas in 2017, where 58 people were killed and hundreds of others were injured by a gunman. Also, 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 among the homeland security teams. As per SecurityInfowatch, around 300 mass shootings incidences occurred in the U.S. in 2015.

8. Dominating Segments  Increase in Smart City to Expedite Gunshot Detection System Market Gunshot detection system is used by urban safety & security agencies to improve core city services. Cities are turning to smart city with installation of numerous security and innovative features that improve and maintain a high quality of life and livability for citizens.  The gunshot detection system is now being a part of the developing smart cities around the world. This factor is creating significant market space for the market players operating in gunshot detection system market to influence their customers. Smart city solutions include novel technologies that help improve quality of life for citizens.  The smart city solutions include gunshot detection, efficient waste removal, and smart streetlights including many others. Shotspotter, one of the leading player in gunshot detection system market has installed sensors in GE's smart streetlights which is the initiative to develop smart cities across the globe.

9. Dominating Segments Product Type Insights Currently, the market players in gunshot detection system market are experiencing significant demand for gunshot detection systems in several indoor and outdoor applications such as educational institutes, retail, property management, airports, manufacturing industry, government agencies, military, law enforcement agencies, and sports & entertainment facilities including many others. Installation Insights Gunshot detection system delivers the real-time awareness to soldiers and police to respond quickly and accurately to aggressive attacks to better defend themselves from snipers and other gunfire threats. This technology locates gunfire faster and more accurately as compared to a human that help to increase officer's safety and locating forensic shreds of evidence at the scene.

10. Gunshot Detection System Market Leading Players • The major companies operating in the market includes • Raytheon Company, Shotspotter Inc., Shooter Detection Systems, Amberbox, Inc., Louroe Electronics, Safety Dynamics, Inc., Microflown AVISA BV, Rheinmetall AG, QinetiQ North America, and DataBuoy Corporation.

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12. Graphical Representation Exhibit: Gunshot Detection System Market, by Installation

13. Gunshot Detection System Market Access Full Research Report at: https://www.theinsightpartners.com/reports/gunshot-detection-system-market Thank You! Thank You!