USGovernment-News.Com

USGovernment-News.Com

News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
Press release distribution service
Home : U.S. Government News Search Engine                          

Home > U.S. Government News > Marketplace :
Home: United State Government News
Home | News | Submit Press Release |

Gunshot Detection System Market value $979 million by 2025

 



(USGovernment-News.Com, June 16, 2021 ) According to the latest market research the report "Gunshot Detection System Market by Application (Commercial, Defense), Installation (Fixed, Soldier Mounted, and Vehicle Mounted), Product Type (Indoor, and Outdoor), and Region (North America, Europe, Asia Pacific, Middle East) - Global Forecast to 2025", is estimated at USD 594 million in 2020 and is projected to reach USD 979 million by 2025, at a Compound Annual Growth Rate (CAGR) of 10.5% from 2020 to 2025. Gunshot detection systems for homeland security were first used in the U.S. These systems are primarily used by law enforcement agencies. They are installed at a height of more than 30 feet above the ground at select locations of the coverage area. These include walls, poles, streetlights, and buildings, among others.



Download PDF Brochure @



https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=58054729



Increase in the incidents of mass shootings in educational institutions is a prime concern. These systems installed at educational institutions places provide real-time updates on shooting events to security personal, along with individuals inside these places on their electronic communication devices. . Industry experts believe that COVID-19 could affect Gunshot Detection System production and services by 10% globally in 2020.



On the basis of application, commercial is projected to grow at the highest CAGR during the forecast period



Based on application, the commercial segment of the gunshot detection system market is projected to grow at the highest CAGR during the forecast period. The demand for increased security in futuristic smart cities is factor driving the gunshot detection system market. In the last three to five years large-scale installations of gunshot detection systems have taken place in cities of North America and some parts of Europe. Defense utilization of gunshot detection systems involves installation on armored vehicles, soldier wearables, border crossings, and for military installations at buildings and bases, among others. Defense systems are focused at localization of gunshot origin and providing information for counter-offensive strategies.



Increasing demand for gunshot detection system among public safety agencies is expected to drive the market for gunshot detection system during the forecast period.



Based on installation, the fixed segment is expected to grow at the highest CAGR during the forecast period. The global market is dominated by the vehicle installation segment and the market size for GDS systems on vehicle installations will increase based on the increasing demand for armored vehicles from the countries militaries.



The North America region is expected to lead the gunshot detection system market from 2020 to 2025



The US gunshot detection system market is projected to grow at the highest CAGR during the forecast period. Growth in gun ownership in the US and illegal arms sale have contributed to the threat of gunfire-related incidents. Rise in deaths or homicide incidents due to the use of guns is a major concern. The gunshot detection system market in North America is expected to witness growth, owing to the high number of firearm-related deaths in the region, especially in the US where firearm-related death rate is 25 times higher than other countries. Major US cities are planning to install indoor gunshot detection systems at universities, corporate office locations, and financial facilities, among others, over the next five years.



Key Market Players



The major players in the gunshot detection system market include SST, Inc. (US), Raytheon (US), QinetiQ North America (US), Shooter Detection Systems, LLC. (US), Acoem Group (France), and Thales Group (France) among others. SST, Inc is one of the key market players engaged in securing contracts to increase the sale of gunshot detection systems.



Ask for Sample Report @



https://www.marketsandmarkets.com/requestsampleNew.asp?id=58054729







About MarketsandMarkets™



MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

sales@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

U.S. Governement News: Politics
  • Presidential Elections
  • Democrates
  • Congress
  • House of Representatives
  • President Obama
  • Republican Party
  • Mitt Romney
  • U.S. Senate
  • U.S. Military
  • U.S. Politics
  • Politics Video Feeds

    U.S. Government Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Governing
    Point of Beginning
    Overall Labor Effectiveness (OLE) Achieving a Highly Effective Workforce

    No credit cards, coupons, or promo codes required. Try it today!

    USGovernment-News.Com is a news service of GroupWeb Media LLC