Gunshot Detection System Industry Outlook and Forecast to 2024 - PowerPoint PPT Presentation

About This Presentation
Title:

Gunshot Detection System Industry Outlook and Forecast to 2024

Description:

Gunshot Detection System Market was valued at $0.57 billion in 2019 and is projected to reach $1.0 billion by 2024, at a CAGR of 12.30 % during the forecast period. – PowerPoint PPT presentation

Number of Views:48

less

Transcript and Presenter's Notes

Title: Gunshot Detection System Industry Outlook and Forecast to 2024


1
According to the new market research report
Gunshot Detection System Market was valued at
0.57 billion in 2019 and is projected to
reach 2024, 12.30
1.0 billion by at a CAGR of during the
forecast period. The base year considered for
the study is 2018 and the forecast period is
2019 to 2024. The objectives of this study are
to analyze the gunshot detection system market
along with the statistics from 2017 to 2024 as
define,
well as to describe, and forecast the market
based on solution, application, and
region. Download PDF Brochure _at_ https//www.market
sandmarkets.com/pdfdownloadNew.asp?id58054729
The gunshot detection system market has been
segmented and analyzed in terms of installation
type, namely, fixed installation, soldier
mounted, and vehicle mounted. The market is
dominated by the fixed segment and this segment
is also projected to grow at the highest CAGR
during the forecast period. The growth in fixed
segment owing to upgradation of security system
in existing infrastructures such as
universities, public banks, and corporate
offices, among others, fixed gunshot detection
systems use the acoustic sensor node detection
technology to detect a gunshot event. Fixed
installations are carried out at a specific
height from the ground. High security areas such
as restricted military infrastructures are high
potential fixed installation sites for gunshot
detection systems. Military installations use
fixed installations on walls, poles or border
crossings. Fixed electro-optic systems are used
by military personnel for enemy sniper
localization Based on system, the outdoor segment
is estimated to account for the largest share of
the gunshot detection system market in 2019. High
demand for vehicle mounted and soldier mounted
gunshot detection system is expected to drive
this market. The need for better surveillance
and safety systems from gunfire on military
vehicles, soldiers in a combat region is prime
drivers for gunshot detection systems in the
region. 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 a factor
driving the gunshot detection system market. In
the last 3 to 5 years large-scale installations
of gunshot
2
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 the origin gunshots and
providing information for counter-offensive
strategies. The geographical analysis of the
gunshot detection system market includes regions
such as North America, Europe, Asia Pacific, and
Rest of the World (RoW). The North America
region accounted for the largest share of the
gunshot detection system industry in 2019. North
America has the highest firearms possession to
population ratio across the world. The US in the
region accounts for the largest civilian gunfire
deaths. Need for better surveillance and safety
systems from gunfire in cities are the prime
drivers for gunshot detection systems in the
region. Ask for Sample Report _at_ https//www.market
sandmarkets.com/requestsampleNew.asp?id58054729
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche
markets. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441
Write a Comment
User Comments (0)
About PowerShow.com