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Gunshot Detection System Market Size Segmented by Product, Top Manufacturers, Geography Trends and Forecasts to 2025

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The ‘Gunshot Detection System market’ study Added by Market Study Report, LLC, provides an in-depth analysis pertaining to potential drivers fueling this industry. The study also encompasses valuable insights about profitability prospects, market size, growth dynamics, and revenue estimation of the business vertical. The study further draws attention to the competitive backdrop of renowned market contenders including their product offerings and business strategies.

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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. The demand for gunshot detection systems is largely influenced by a number of factors such as increasing firearm related crimes worldwide. Weapon related fierceness are devastating these days across the globe. Unfortunately, these incidents of violence are increasing rapidly and are unreported in many cases. Therefore, it has become essential for state and local law enforcement agencies to deploy solution which can take detect/prevent such cases in future. Also, during the past few years, several incidents of gunfire took place in public areas as well as commercial infrastructure. One such miserable instance took place in Las Vegas in 2017, in which 58 people were killed and hundreds of others were injured by a gunman. Further, in 2014, a terrorist attack in a School of Pakistan killed around 150 people. Increase in such incidences are fueling the gunshot detection system market growth for homeland security. As per SecurityInfowatch, around 300 mass shootings incidences occurred in the U.S. alone during 2015. Attributed to the above mentioned factor, the gunshot detection systems is extensively deployed in educational institutes, government buildings, museums, and hotels etc.

The gunshot detection system market is fragmented with the presence of several providers in the supply chain and the competitive dynamics in the market is expected to change during the upcoming years. The players in the value chain depend on different third-party solution providers, software providers, and hardware providers. This results in over-dependency of players on each other for efficient performance. ShotSpotter, Inc., U.S. is the leading gunshot detection system market globally. Other key players of the gunshot detection system market include Raytheon Company, Shooter Detection System LLC, Thales Group, and Safety Dynamics, Inc. among others.

On the basis of product type, outdoor segment is the leading the gunshot detection system market however, it is expected that the segment will continue its dominance during the forecast period. Currently, gunfire and violent crime are posing a significant challenge for law enforcement officers and other first responding personnel. On 10 February 2017, it is mentioned in Newsweek that there have been more than 11,600 deaths related with gun violence in the year 2017 in the U.S. Similarly, in 2016, 15,000 were killed by gun violence and there were 383 mass shootings. The U.S. ranked No. 1 in terms of firearms and it has the highest homicide by firearm rate the developed world. Also, according to the study published in journal Pediatrics, yearly an average 1,297 children die due to gun-related injuries till June 2017 in the U.S.

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The overall gunshot detection system market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the gunshot detection system market. It also provides the overview and forecast for the global gunshot detection system market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the gunshot detection system market.

TABLE OF CONTENTS
1. INTRODUCTION 14
1.1 SCOPE OF THE STUDY 14
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 14
2. KEY TAKEAWAYS 15
3. GUNSHOT DETECTION SYSTEM MARKET LANDSCAPE 17
3.1 MARKET OVERVIEW 17
3.2 MARKET SEGMENTATION 18
3.2.1 Global Gunshot Detection System Market – By Product 19
3.2.2 Global Gunshot Detection System Market – By Installation 19
3.2.3 Global Gunshot Detection System Market – By Application 19
3.2.4 Global Gunshot Detection System Market – By Geography 20
3.3 PORTER’S FIVE FORCES 21
3.3.1 Bargaining Power of Buyers: 21
3.3.1.1 Presence of several established players 21
3.3.2 Bargaining Power of Suppliers: 22
3.3.2.1 Parallel increase in the number of players and end-users 22
3.3.3 Threats to Substitutes: 22
3.3.3.1 Deployment of video surveillance technology such as drones and CCTVs 22
3.3.4 Threats of New Entrants: 22
3.3.4.1 Established players holding the major market share 22
3.3.5 Degree of Competition: 22
3.3.5.1 Highly fragmented and evolving market 22
4. GUNSHOT DETECTION SYSTEM MARKET – KEY INDUSTRY DYNAMICS 24
4.1 KEY MARKET DRIVERS 24
4.1.1 Rise in Gunshot Detection System Deployment in Commercial Infrastructure due to Mass Killing 24
4.1.2 Deployment of Gunshot Detection Systems By Law Enforcement Agencies of Developed Nations 24
4.1.3 Reducing Casualties from Enemy Gunfire in War Zones 25
4.2 KEY MARKET RESTRAINTS 25
4.2.1 High installation cost associated with the use of these systems 25
4.3 KEY MARKET OPPORTUNITIES 25
4.3.1 Increase in Smart City to Expedite Gunshot detection systems 25
4.4 FUTURE TRENDS 26
4.4.1 Gunshot detection system integrated with video surveillance 26
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 26
5. GUNSHOT DETECTION SYSTEM MARKET – GLOBAL MARKET ANALYSIS 27
5.1 GLOBAL GUNSHOT DETECTION SYSTEM MARKET OVERVIEW 27
5.2 GLOBAL GUNSHOT DETECTION SYSTEM MARKET FORECAST AND ANALYSIS 28
6. GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECAST TO 2025 – PRODUCT TYPE 29
6.1 OVERVIEW 29
6.2 GLOBAL GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN, BY PRODUCT TYPE, 2017 & 2025 29
6.3 INDOOR MARKET 30
6.3.1 Overview 30
6.3.2 Indoor Market Forecast and Analysis 30
6.4 OUTDOOR MARKET 31
6.4.1 Overview 31
6.4.2 Outdoor Market Forecast and Analysis 31
7. GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECAST TO 2025 – INSTALLATION 32
7.1 OVERVIEW 32
7.2 GLOBAL GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN, BY INSTALLATION, 2017 & 2025 32
7.3 FIXED INSTALLATION MARKET 33
7.3.1 Overview 33
7.3.2 Fixed Installation Market Forecast and Analysis 33
7.4 WEARABLE INSTALLATION MARKET 34
7.4.1 Overview 34
7.4.2 Wearable Installation Market Forecast and Analysis 34
7.5 VEHICLE MOUNTED INSTALLATION MARKET 35
7.5.1 Overview 35
7.5.2 Vehicle Mounted Installation Market Forecast and Analysis 35
8. GUNSHOT DETECTION SYSTEM MARKET REVENUE AND FORECAST TO 2025 – APPLICATION 36
8.1 OVERVIEW 36
8.2 GLOBAL GUNSHOT DETECTION SYSTEM MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 36
8.3 MILITARY MARKET 37
8.3.1 Overview 37
8.3.2 Military Market Forecast and Analysis 37
8.4 LAW ENFORCEMENT MARKET 38
8.4.1 Overview 38
8.4.2 Law Enforcement Market Forecast and Analysis 38
9. GUNSHOT DETECTION SYSTEM MARKET – GEOGRAPHICAL ANALYSIS 39
9.1 OVERVIEW 39

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