The global gunshot detection system market accounted for US$ 850.2 Mn in 2017 and is expected to grow at a CAGR of 22.6% over the forecast period 2018-2025, to account for US$ 4325.0 Mn in 2025
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Monday, September 10, 2018
LONDON, Sept. 10, 2018 /PRNewswire/ -- The global gunshot detection system market accounted for US$ 850.2 Mn in 2017 and is expected to grow at a CAGR of 22.6% over the forecast period 20182025, to account for US$ 4325.0 Mn in 2025.
Key Points:
- LONDON, Sept. 10, 2018 /PRNewswire/ -- The global gunshot detection system market accounted for US$ 850.2 Mn in 2017 and is expected to grow at a CAGR of 22.6% over the forecast period 20182025, to account for US$ 4325.0 Mn in 2025.
- The demand for gunshot detection systems is largely influenced by a number of factors such as increasing firearm related crimes worldwide.
- Also, during the past few years, several incidents of gunfire took place in public areas as well as commercial infrastructure.
- Other key players of the gunshot detection system market include Raytheon Company, Shooter Detection System LLC, Thales Group, and Safety Dynamics, Inc. among others.