DUBLIN--(BUSINESS WIRE)--The "Global Gunshot Detection System Market - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
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 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.
- ACOEM Group
- Qinetiq North America
- Databuoy Corporation
- Israel Aerospace Industries Ltd
- Information System Technologies Inc.
- Louroe Electronics
- Thales Group
- Rafael Advanced Defence Systems Limited
- Shooter Detection Systems
Key Topics Covered:
2. Research Methodology
3. Market Insights
4. Market Dynamics
5. Global Gunshot Detection Systems, segmented by product type
6. Global Gunshot Detection System, segmented by Application
7. Global Gunshot Detection System, segmented by geography
8. Competitive landscape
9. Company Profiles
10. Future Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/hk6rvw/global_gunshot?w=4