Growing demand for increased security in various industry verticals such as hospitals, defense, education, among others to drive global gunshot detection system market during forecast period
According to TechSci Research report, “Global Gunshot Detection System Market By Installation, By Solution, By System, By Technology, By Application, By Region, Competition, Forecast & Opportunities, 2024”, global gunshot detection system market is expected to witness positive growth over the next five years so as to reduce enemy gunfire casualties in war zones. Moreover, developing smart cities are also implementing advanced security systems for increased security which is further elevating the demand for gunshot detection system market. Another factor which is positively influencing the growth of the market is growing investment in the border security across different countries so as to reduce illegal immigration, smuggling and infiltration.
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Global gunshot detection system market can be segmented based on installation, solution, system, technology, application and region. In terms of installation, the market can be segmented into fixed installation, vehicle installations and soldered mounted. Fixed installation segment was one of the major segments in the market in 2018, and the segment is poised to grow at an impressive rate during forecast period as well on account of increasing demand for gunshot detection systems for banks, workplaces and educational institutions, among others. Based on the system, outdoor segment dominated the market in 2018 on account of increasing violent incidents in recent years, in various parts of the world, thereby boosting the share of this segment.
Elbit Systems Ltd., SST (ShotSpotter), Inc., Shooter Detection Systems LLC, Raytheon Company, Tracer Technology Systems, Inc., Safety Dynamics, LLC, Rafael Advanced Defense Systems Ltd., Israel Aerospace Industries Ltd., Thales Group, ACOEM Group, V5 Safety, EAGL Technology, etc., are some of the leading players operating in global gunshot detection system market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“North America leads global gunshot detection system market and is anticipated to maintain its position during forecast period as well on account of the high ownership of guns and other illegal arms in various economies of the region. Moreover, law enforcement agencies and defense authorities present in the region are emphasizing on advanced security system which is further anticipated to drive gunshot detection system market in the region through 2024.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Gunshot Detection System Market By Installation, By Solution, By System, By Technology, By Application, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global gunshot detection system market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global gunshot detection system market.
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