The primary factor that boosts the global gunshot detection system market is the growing gunfire incidents in the public places such as metro/railway stations, schools, hospitals, etc. Concurrently, as a result of the rapidly increasing terrorism threats, across the globe, along with other insurgent activities in the public places, the law enforcement officials, homeland security personnel, and the military forces are adopting the gunshot detection technologies so as to mitigate the casualties, during such incidents. In addition, the military authorities of some countries are installing the gunshot detection systems in their national borders, as a result of the increasing cross border firing. This factor also fuels the market growth.
Request for Free Sample Pages: https://www.marketresearchfuture.com/sample_request/7034
A gunshot detection system, which is also known as gunfire locator system, helps in the detection of the gunfire’s location, by using the optical, acoustic, or other sensors. These systems are primarily used by the law enforcement officials and the military personnel in order to identify the source and the direction of the type of weapon fired. These systems help in improving the situational awareness of the soldiers and the law enforcement personnel.
Over the years, there has been a significant increase in the global military expenses, which also fuels the market growth. According to the Stockholm International Peace Research Institute (SIPRI), the global military spending rose by 1.1% in 2017, accounting for approximately USD 1.74 trillion. In the same year, countries such as China, Saudi Arabia, and India increased their military spending by 5.6%, 9.2%, and 5.5%, respectively. Furthermore, India overtook the UK, to become the fifth largest defense spender in the world. Meanwhile, other countries have plans to invest in advanced technologies and are focusing on expanding, modernizing, and enhancing the operational capabilities of their armed forces.
Segmentation:
The global gunshot detection system market has been segmented by installation type, product type, end-user, and region. On the basis of installation type, the gunshot detection system market is divided into fixed systems, portable systems, and vehicle mounted systems. In 2017, the fixed system segment dominated the global market, due to the usage of acoustic sensor node technology, which helps in the detection of the gunshots, from a large distance. It is expected that the portable system segment would witness the fastest market growth, during the forecast period, as the defense authorities and law enforcement agencies are focusing more on the portable/wearable technologies, in the recent years. Similarly, based on product type, the gunshot detection system market is divided into indoor and outdoor. In 2017, the outdoor segment dominated the global market and it is also expected to witness the fastest market growth, during the forecast period. This is because of the increase of violent incidents in the recent years, in the national borders, on the streets, and political gatherings, among others. Likewise, on the basis of end-user, the gunshot detection system market is divided into homeland security personnel and military forces. In 2017, the military segment dominated the global market, as there have been large expenses by the defense authorities on the gunshot detection systems, in the recent years, to prevent the number of casualties at the borders. It is also expected that the homeland security segment would witness the fastest market growth, during the forecast period, as the law enforcement agencies are currently focused on curbing/preventing such incidents across the schools, hospitals, and metro/railway stations.
Key Players:
The key players in the global gunshot detection system market are ELTA Systems – Israel Aerospace Industries Ltd. (Israel), Qinetiq (UK), Raytheon Company (US), Rheinmetall AG (Germany), Thales Group (France), SST (ShotSpotter), Inc. (US), Louroe Electronics (US), ACOEM Group (France), Battelle Memorial Institute (US), Tracer Technology Systems, Inc. (US), Shooter Detection Systems LLC. (US), and Safety Dynamics, LLC (US).
Access Full Summary of Report: https://www.marketresearchfuture.com/reports/gunshot-detection-system-market-7034
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/big-data-as-a-service-market-1209