Global gunshot detection system market was valued at over $1 billion in 2018 and is poised to grow at CAGR of over 20% during forecast period. Factors, such as increasing demand for advanced security systems, rising criminal activities and demand for security in various industry verticals, are driving global gunshot detection system market through 2024. Additionally, in order to stop illegal immigration, infiltration and identify criminals, gunshot detection systems are anticipated to witnessing adoption in the coming years. However, high installation cost can hinder the adoption of the gunshot detection systems.
Global gunshot detection system market can be segmented based on installation, solution, system, technology and application. On the basis of system, the market can be bifurcated into indoor and outdoor. In 2018, outdoor segment dominated the market, however, indoor segment is anticipated to grow at the highest rate during the forecast period on account of increasing incidences of shootings at schools and other institutions, consequently, elevating the demand for installing indoor gunshot detection system market.
Regionally, global gunshot detection system market is gaining traction and expanding to various regions including Asia-Pacific, North America, Europe, South America and Middle East & Africa. Among these regions, North America is the largest market of gunshot detection system as the region has the highest firearms possession with the US accounting for the highest civilian gunfire deaths. Moreover, law enforcement agencies are focusing on adopting gunshot detection systems so as to decrease combat casualties which is further driving the growth in the region.
The major players operating in global gunshot detection system market include Elbit Systems Ltd., SST (ShotSpotter), Inc., Shooter Detection Systems LLC, Raytheon Company, Tracer Technology Systems, Inc., Safety Dynamics, LLC, Rafael Advanced Defense Systems Ltd., Israel Aerospace Industries Ltd., Thales Group, ACOEM Group, V5 Safety, EAGL Technology, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. For instance, in 2018, SST Inc. signed a contract with Chicago city to cover 12 police districts for gunshot detection systems.
Years considered for this report
Historical Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020–2024
Objective of the Study
- To analyze and forecast the market size of global
gunshot detection system market.
- To classify and forecast global gunshot
detection system market based on installation, solution, system, technology,
application and regional distribution.
- To identify drivers and challenges for global gunshot
detection system market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
gunshot detection system market.
- To conduct pricing analysis for global gunshot
detection system market.
- To identify and analyze the profile of leading
players operating in global gunshot detection system market.
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Some of the leading players in
MIR performed both primary as well as exhaustive secondary research for this study. Initially, MIR sourced a list of manufacturers across the globe. Subsequently, MIR conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, MIR could include the manufacturers which could not be identified due to the limitations of secondary research. MIR analyzed the manufacturers, distribution channels and presence of all major players across the globe.
MIR calculated the market size of
Key Target Audience
- Security forces and law
enforcement agencies
- Research organizations and
consulting companies
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to gunshot detection system
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as
