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Global Gunshot Detection System Market - Growth, Trends and Forecast (2018 - 2023)

Global Gunshot Detection System Market - Growth, Trends and Forecast (2018 - 2023)

The use of gunshot detection systems in the military has increased owing to the rise of narcos, terrorist activities worldwide, and the need for technological advancements. In 2017, the Gunshot Detection System Market was valued at USD 4,000.63 million and is expected to register a CAGR of over 14.1%, during 2018 -2023.

In 2017, ShotsSpotter and Raytheon Company were among the market leaders for gunshot detection systems globally. By application, the gunshot detection system market has been segmented into various geographical factors that are local and defense. Therefore, the local segment is projected to record a CAGR 14.13%. The demand for increased security in innovative smart cities is the critical factor that drives the market. In the last few years, large-scale installations of gunshot detection systems have taken place in different towns of North America and some parts of Europe. The defense use of gunshot detection systems involves installation on armored vehicles, soldier armor, border crossings, and military installations on buildings and bases.

Based on installation type, the gunshot detection systems market is dominated by the fixed segment. Fixed gunshot detection system uses acoustic sensor node detection technology to detect a gunshot event. Fixed installation systems are carried out at 30 - 60 meters from the ground.

Growing Demand for Gunshots Detection Systems

The market for gunshot detection systems is expected to be greatly influenced by the growing need for security. Recently, ShotSpotter reported a revenue of USD 2.8 million for 2016 - 2017 due to gunshot detection systems. The growth in gun ownership in the US and illegal arms sale have contributed to threats of gunfire-related incidents. Rise in deaths or homicide incidents, due to the use of guns, is a significant concern. The gunshot detection system market in North America is expected to witness significant growth, owing to a high number of firearm-related deaths in the region, especially in the US where the firearm-related death rate is 25 times higher than other countries. Most of the US cities are planning to install indoor gunshot detection systems at various places, such as universities, corporate office locations, and commercial facilities in the next five years.

Key Developments in the Market

  • March 2018: Former Teacher developed gunshot detection alarm system. The gunshot detection technology essentially works like a fire alarm, with sensors that are placed throughout a building that go off if a gunshot is detected and confirmed.
  • March 2018: ShotSpotter gunshot detection now active in Bakersfield.

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    1. Introduction
    1.1 Scope of the Study
    1.2 Market Definition
    1.3 Executive Summary
    2. Research Methodology
    2.1 Study Deliverables
    2.2 Study Assumptions
    2.3 Research Phases
    3. Market Insights
    3.1 Current Market Scenario
    3.2 Technology Trends
    3.3 Industry Attractiveness- Porter's Five Forces Analysis
    3.3.1 Bargaining Power Of The Suppliers
    3.3.2 Bargaining Power Of The Consumers
    3.3.3 Threat Of New Entrants
    3.3.4 Threat Of Substitute Products And Services
    3.3.5 Competitive Rivalry Within The Industry
    4. Market Dynamics
    4.1 Drivers
    4.1.1 Rise in the number of Millionaires in the world
    4.1.2 Strong Demand Forecast in India and China
    4.1.3 Infrastructure Improvement in the emerging markets
    4.2 Restraints
    4.2.1 Sluggish growth in North America
    4.2.2 Tough Regulatory Framework in the emerging markets
    4.3 Opportunities
    4.3.1 Potential for new markets in the developing countries
    5. Business Jet Market, Segmented by Type
    5.1 Very Light Jets
    5.2 Light Jets
    5.3 Midsize jets
    5.4 Super Midsize Jets
    5.5 large cabin jets
    5.6 Heavy jets
    6. Business Jet Market, Segmented by operator
    6.1 Charter companies
    6.2 Fractional ownership
    6.3Corporate usage
    6.4 private ownership
    7. Business Jet Market, Segmented by geography
    7.1 North America
    7.1.1 US
    7.1.2 Canada
    7.1.3 Mexico
    7.1.4 Others
    7.2 Europe
    7.2.1 UK
    7.2.2 France
    7.2.3 Germany
    7.2.4 Italy
    7.2.5 Switzerland
    7.2.6 Rest of Europe
    7.3 Asia-Pacific
    7.3.1 India
    7.3.2 China
    7.3.3 Japan
    7.3.4 South Korea
    7.3.5 Rest of Asia-Pacific
    7.4 South America
    7.4.1 Brazil
    7.4.2 Argentina
    7.4.3 Others
    7.5 Africa & Middle-East
    7.5.1 Saudi Arabia
    7.5.2 UAE
    7.5.3 South Africa
    7.5.4 Qatar
    7.5.5 Rest of Africa & Middle-East
    8. Competitive Landscape
    8.1 Introduction
    8.2 Market Structure & Analysis
    9. Company Profiles
    9.1 Airbus
    9.2 Boeing
    9.3 Bombardier
    9.4 Textron Aviation
    9.5 Gulfstream
    9.6 Honda Aircraft Company
    9.7 Dassault Aviation
    9.8 NetJets
    9.9 Flexjets
    9.10 XOJETS
    9.11 Grafair
    9.12 Embraer
    10. Future Outlook of the Market
    11. Disclaimer

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