North America to Lead Gunshot Detection System Market through 2024
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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Gunshot Detection System Market"
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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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