$7.13 Billion Gunshot Detection System Market to 2026 - ResearchAndMarkets.com

The "Gunshot
Detection System - Global Market Outlook (2017-2026)" report
has been added to ResearchAndMarkets.com's offering.

According to this report, the Global Gunshot Detection System market
accounted for $930.02 million in 2017 and is expected to reach $7,130.02
million by 2026 growing at a CAGR of 25.4% during the forecast period.

Increasing incidences of shootings at schools, universities, and
hospitals and reducing rival gunfire fatalities in war zones are some of
the factors propelling for the growth of the market.

However, huge installation price of the systems in cities and high
charge of bogus alarms and unobserved gun blast incidents are hampering
the market.

Furthermore, gush in setting up of gunshot detection systems in smart
cities for security measures is projected to grant abundant
opportunities for the expansion of the market.

Based on the installation, the fixed segment is projected to grow during
the estimated period as it utilizes the acoustic sensor node recognition
technology to detect a gunshot incident.

By geography, the North American region is approximated to grow, owing
to a high number of firearm-related deaths, especially in the United
States. In the United States, the death rate is 25 times higher than
other countries. Therefore, the US administration is planning to install
indoor detection technology at universities, corporate office locations,
and commercial facilities, among others, in the coming years.

Segments Covered

Types

• Outdoor
• Indoor

Products

• Chrome Steel
• Acrylic
• Glass
• Ceramic
• Other Products

Components

• Processing Units
• Sensors or Microphones
• Display Unit

Technologies

• Optical
• Acoustic
• Infra-Red
• Other Technologies

Installations

• Vehicle Mounted
• Portable Systems
• Fixed
• Wearable

Applications

• Homeland/Law Enforcement
• Defense

Companies Profiled

• Elbit Systems Ltd.
• Databuoy, LLC
• ShotSpotter, Inc.
• Raytheon Company
• Thales S.A.
• Battelle Memorial Institute
• Rafael Advanced Defence Systems Limited
• Microchip Technology
• Safran Electronics & Defense SAS
• Rheinmetall Aktiengesellschaft
• ELTA Systems Ltd.
• Acoem Group
• Israel Aerospace Industries Ltd
• Compagnie Industrielle des Lasers CILAS SA
• QinetiQ North America, Inc.
• Shooter Detection Systems LLC
• Safety Dynamics Inc
• Information Systems & Services, Inc.
• V5 Systems Inc
• Louroe Electronics, Inc.

For more information about this report visit https://www.researchandmarkets.com/research/zm48nz/7_13_billion?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20190117005545/en/