Dublin, Feb. 03, 2023 (GLOBE NEWSWIRE) -- The "Gunshot Detection System - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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
| Report Attribute | Details |
| No. of Pages | 243 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $681 Million |
| Forecasted Market Value (USD) by 2030 | $1100 Million |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
- Gunshot Detection System - Global Key Competitors Percentage Market Share in 2022 (E)
- Gunshot Detection System: Next Generation Analytics-Based Security Solution
- Rising Incidence of Global Security Concerns Provides Cornerstone for Growth in the Market
- Number of Terrorist Attacks by Region for the Years 2002-2018
- Rise in Civilian Gun Ownership Worldwide Highlights the Urgent Need for Gun Detectors: Number of Firearms (Per 100 People) by Leading Countries (2019)
- Growing Military Expenditure Bodes Well for Future Market Prospects
- Global Military Spending (In US$ 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/7h2i5n-detection?w=12
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