Gunshot Detection System Market value $979 million by 2025

1
According to the latest market research the
report "Gunshot Detection System Market by
Application (Commercial, Defense), Installation
(Fixed, Soldier Mounted, and Vehicle Mounted),
Product Type (Indoor, and Outdoor), and Region
(North America, Europe, Asia Pacific, Middle
East) - Global Forecast to 2025", is estimated
at USD 594 million in 2020 and is projected to
reach USD 979 million by 2025, at a Compound
Annual Growth Rate (CAGR) of 10.5 from 2020 to
2025. Gunshot detection systems for homeland
security were first used in the U.S. These
systems are primarily used by law enforcement
agencies. They are installed at a height of more
than 30 feet above the ground at select
locations of the coverage area. These include
walls, poles, streetlights, and buildings, among
others. Download PDF Brochure _at_ https//www.market
sandmarkets.com/pdfdownloadNew.asp?id58054729 Inc
rease in the incidents of mass shootings in
educational institutions is a prime concern.
These systems installed at educational
institutions places provide real-time updates on
shooting events to security personal, along with
individuals inside these places on their
electronic communication devices. . Industry
experts believe that COVID-19 could affect
Gunshot Detection System production and services
by 10 globally in 2020. On the basis of
application, commercial is projected to grow at
the highest CAGR during the forecast
period Based on application, the commercial
segment of the gunshot detection system market
is projected to grow at the highest CAGR during
the forecast period. The demand for increased
security in futuristic smart cities is factor
driving the gunshot detection system market. In
the last three to five years large-scale
installations of gunshot detection systems have
taken place in cities of North America and some
parts of Europe. Defense utilization of gunshot
detection systems involves installation on
armored vehicles, soldier wearables, border
crossings, and for military installations at
buildings and bases, among others. Defense
systems are focused at localization of gunshot
origin and providing information for
counter-offensive strategies Increasing demand
for gunshot detection system among public safety
agencies is expected to drive the market for
gunshot detection system during the forecast
period.
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Based on installation, the fixed segment is
expected to grow at the highest CAGR during the
forecast period. The global market is dominated
by the vehicle installation segment and the
market size for GDS systems on vehicle
installations will increase based on the
increasing demand for armored vehicles from the
countries militaries. The North America region is
expected to lead the gunshot detection system
market from 2020 to 2025 The US gunshot detection
system market is projected to grow at the highest
CAGR during the forecast period. Growth in gun
ownership in the US and illegal arms sale have
contributed to the threat of gunfire-related
incidents. Rise in deaths or homicide incidents
due to the use of guns is a major concern. The
gunshot detection system market in North America
is expected to witness growth, owing to the high
number of firearm-related deaths in the region,
especially in the US where firearm-related death
rate is 25 times higher than other countries.
Major US cities are planning to install indoor
gunshot detection systems at universities,
corporate office locations, and financial
facilities, among others, over the next five
years. Key Market Players The major players in
the gunshot detection system market include SST,
Inc. (US), Raytheon (US), QinetiQ North America
(US), Shooter Detection Systems, LLC. (US),
Acoem Group (France), and Thales Group (France)
among others. SST, Inc is one of the key market
players engaged in securing contracts to increase
the sale of gunshot detection systems. Ask for
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