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Gunshot Detection System Market Segmentation ByApplication (Commercial and Defense); By Installation (Fixed Installations, Vehicle Installations and Soldier Mounted); By System (Indoor andOutdoor) and By Solution (Systems and SaaS) – Global Demand Analysis & Opportunity Outlook 2028

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Extensive insights into the Growth of Gunshot Detection System Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS
  • June 2018: The Sacramento City Council approved a $2.5 million five-year extension of ShotSpotter gunshot detection technology, which will allow the Sacramento Police Department to continue detecting gunshots at three undisclosed locations through 2025.

Introduction to Gunshot Detection System

A gunshot detection system alsoknown as gunshot locators are systems that detects and conveys the location of gunfire or any other weapon, and accurately and reliably detect live ammunition (gunshots) being dischargedwith the help of acoustic, optical, or any other type of sensors, as well as a combination of these sensors. They are used for various applications such as for the military, law enforcement, and security agencies in order to facilitate the identification of the direction of gunfire, the source, and on some occasions; the type of weapon fired. The notification alerts generated by the gunshot detection system are displayed on an assigned computer screen within a security control room for investigation and action by a person or integrated security system.

Market Size and Forecast

The market of the gunshot detection system is estimated to witness a notable growth in the coming future owing to the growing demand for such technologies in smart cities or digital cities. Smart cities are urban developments that are planning to integrate the Internet of Things (IoT) and information and communication technologies to control a city’s assets. These cities are at the highest risk of being attacked by terrorists to gather confidential information or critical data. Homeland securities are installing various gunshot detection systems in these regions owing to the terrorist attack, which is anticipated to boost the growth of the gunshot detection market.

The gunshot detection system market is anticipated to record a significant CAGR over the forecast period i.e. 2020-2028. The market is segmented by application, by installation, by systems&by solution, out of which, the fixed gunshot detection installation of installations sector is anticipated to hold leading shares in the gunshot detection system market owing to the usage of acoustic sensor node technology which detects the gunshot from a long distance, they are equipped with the acoustic sensor node detection technology to detect a gunshot event. On the contrary, the SaaS segment of the system sector is anticipated to grow at the highest CAGR owing to the increasing demand for subscription-based services by public safety authorities whereas the commercial segment is projected to grow at the highest CAGR during the forecast period on account of the demand for increased security in futuristic smart cities. CLICK TO DOWNLOAD SAMPLE REPORT

Growth Drivers

Rise in Smart City to Expedite the Gunshot Detection System

Gunshot detection systems are operated by various safety & security agencies to improve core city services. Transformation of cities to the smart city with the installation of numerous security and innovative features that improves and maintain a high quality of life and livability for citizens are anticipated to drive the market of the gunshot detection system.

Border Security to Detect Illegal Acts

The rising investments in border security drive the market growth in the coming years, as these systems can help border security forces detect and avert any attempts of smuggling, infiltration, and illegal immigration. Additionally, different law enforcement agencies are now deploying various tactics, in order to curb the increased incidents related to mass shootings, which is anticipated to support the development of the gunshot detection system market.

Restraints

High Rate of False Alarms and Undetected Gunshot Incidents

The gunshot detection system is based on acoustic detection which is highly susceptible to other similar sounds such as cracker burst and loud sounds, which can result in a false alarm wastage of resources on unnecessary events.

Market Segmentation

Our in-depth analysis of the gunshot detection market includes the following segments:

By Application

  • Commercial
  • Defense

By Installation

  • Fixed Installations
  • Vehicle Installations
  • Soldier Mounted

By System

  • Indoor
  • Outdoor

By Solution

  • Systems
  • SaaS

By Region

Regionally, the gunshot detection system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

North America is estimated to drive the growth of the gunshot detection system market over the forecast years, owing to the high number of firearm-related deaths in the region, especially in the US where the firearm-related death rate is 25 times higher than other countries. Additionally, stringent regulatory policies and schemes mandating the installation of such systems are further expanding the market in North America.

The gunshot detection system market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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