Global Gunshot Detection System Market is anticipated to grow at a CAGR of 8.9% from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “Global Gunshot Detection System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the Global Gunshot Detection System Market accounted for over US$ 530.6 million in 2019. It is anticipated to grow at a CAGR of 8.9% from 2020 to 2030.
The gunshot detection system is a device that uses a network of outdoor acoustic sensors to automatically detect the gunfire and promptly alert the law enforcement officers. The organizations are engaged in the development of advanced technology and tools that addresses firearm violence under the stringent regulations by the government organizations and law enforcement agencies.
The gunshot detection systems are anticipated to grow the market share due to the increasing need for homeland and defense security. Furthermore, the rising criminal activities and increasing terrorist threats are significantly supporting the demand for gunshot detection systems with the enhancement in the market growth over the projected timeframe. The gunshot detection systems require a large number of distributed sensors over a large area to support homeland security. This installation of a large number of sensors results expensive. Moreover, these maintaining these systems is an additional expense and can be a restraint to the gunshot detection system market.
Several stringent rules and regulations from the regulatory bodies for the installation of the system in government buildings, educational institutes, and public places for the safety of the civilians is enhancing the market growth of gunshot detection system. The industry participants are undergoing several strategic acquisitions and partnerships for the development of advanced gunshot detection systems. For instance, in March 2020, Safe Zone announced to enter a strategic partnership with the RapidSOS that states to send life-saving data directly from Safe Zone detectors to 9-1-1 centers across the globe. This technology was developed in response to the rise in active shooter incidents and enables faster and more efficient responses to threats.
Browse key industry insights spread across 170 pages with market data tables & figures & charts from the report, Global Gunshot Detection System Market By Solution (Systems, Software), By Installation Type (Fixed Installation, Soldier Mounted, Vehicle Mounted), By Application (Commercial, Defense) – Global Analysis & Forecast 2020-2030. in detail along with the table of contents:https://www.marketindustryreports.com/global-gunshot-detection-system-market/415
As of the year 2018, the Forbes report published that smart cities are expected the incorporate-on high-end technology devices that will help to enhance security. Rising investments in the defense sector are fuelling the market growth over the forecasted timeframe. The increasing investments to strengthen the border with the installation of devices that help to border control forces in tracking and preventing any efforts to sneak in and breach illegal occupation.
The North American region is expected to grow the gunshot detection system market over the coming years due to the increasing installation of gunfire monitoring devices. This large number of installations is due to law enforcement agencies, enhancement in security concerns, and growing incidents of mass shootings in hospitals, government buildings, banks, and universities. For instance, in May 2017, QinetiQ North America undergoes a strategic partnership with Bhukhanvala Industries that collaborates for the development of EARS gunshot localization products that will be launched in India. These collaborations and strategic partnerships support market growth over the forecasted timeframe.
Some of the prominent players in the Gunshot Detection System market include Rheinmetall AG, Thales Group, Safety Dynamics Inc., V5 Systems Inc., Rafael Advanced Defense Systems Ltd., Shooter Detection Systems LLC, ACOEM Group, Information System Technologies, Inc., Raytheon BBN Technologies Corporation, and QinetiQ.
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