Gunshot Detection System Market Growth $979 million by 2025

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Gunshot Detection System Market Expected to
Register a Strong CAGR of 10.5 by 2025
The report "Gunshot Detection System Market 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. Increase in
the incidents of mass shootings in educational
institutions is a prime concern. 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
PDF Brochure _at_ https//www.marketsandmarkets.com/p
dfdownloadNew.asp?id58054729 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
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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. Request for Sample Report
_at_ https//www.marketsandmarkets.com/requestsample
New.asp?id58054729
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