Gunshot Detection Market Size to USD 1.2 Billion by 2031 : Industry Trends, Opportunities, and Growth Factors

OREGAON, PORTLAND, UNITED STATES , May 22, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Gunshot Detection Market," The gunshot detection market was valued at $587.25 million in 2021, and is estimated to reach $1.2 billion by 2031, growing at a CAGR of 7.9% from 2022 to 2031.

The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

✅𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 - https://www.alliedmarketresearch.com/request-sample/2468

The gunshot detection market is expected to showcase a growth rate of 7.0% CAGR during the forecast period, backed by the rise in the installation of these systems across the globe. Rise in incidents of homicide across the globe, and increase in demand to establish a safe and secure environment support the growth of the gunshot detection market. There is an average of more than 19,000 firearm homicides and more than 1 million emergency department visits for assault cases across the U.S. in a year. These staggering numbers have allowed several nations to rapidly adopt gunshot detection systems in outdoor and public places. For instance., in September 2018, Shotspotter received a contract worth $23 million to install outdoor gunshot detection systems. The company now operates its network of gunshot detection systems from Chicago and New York City under the contract.

The report offers a detailed segmentation of the global gunshot detection market based on product, application, installation, system, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest-growing segments and highest revenue generation that is mentioned in the report.

Based on product, the indoor segment held the major market share in 2021, holding nearly two-fifths of the global gunshot detection market share, and is expected to maintain its leadership status during the forecast period. However, the outdoor segment, is expected to cite the fastest 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟖.𝟗% during the forecast period.

On the basis of application, the commercial segment held the largest market share in 2021, accounting for two-fifths of the global gunshot detection market share, and is expected to maintain its leadership status during the forecast period. Nevertheless, the homeland segment, is expected to cite the highest 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟖.𝟓% during the forecast period.

✅𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/gunshot-detection-market/purchase-options

In terms of installation, the fixed system segment held the major market share in 2021, contributing to nearly half of the global gunshot detection market share and expected to maintain its leadership status during the forecast period. However, the portable system segment is expected to maintain its leadership position in terms of revenue and cite the fastest 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟖.𝟓% during the forecast period.

Based on system, the standalone segment held the major market share in 2021, contributing to three-fourths of the global gunshot detection market share, and is expected to maintain its leadership position during the forecast period. However, the integrated system segment, is expected to cite the fastest 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟖.𝟓% during the forecast period.

Region-wise, the North American region held the major market share in 2021, holding nearly one-third of the global gunshot detection market share and is expected to maintain its leadership status during the forecast period. However, the Asia-Pacific region is expected to cite the fastest 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟗.𝟏% during the forecast period. The report also analyses other regions such as Europe and LAMEA.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

3xLOGIC,
Alarm Systems, Inc.,
AmberBox, Inc.,
Databuoy Corporation,
Information System Technologies Inc.,
QinetiQ Inc.
US, Raytheon Technologies Corporation,
Safe Zone Technologies, Inc.,
Shooter Detection Systems,
ShotSpotter Inc.

✅𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/2468

The report analyzes these key players in the global gunshot detection market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance, and operating segments by prominent players in the market.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

https://www.alliedmarketresearch.com/north-america-gunshot-detection-market-A31483 - North America Opportunity Analysis and Industry Forecast, 2022-2031

https://www.alliedmarketresearch.com/service-handgun-market-A10672 - Global Opportunity Analysis and Industry Forecast, 2023-2032

https://www.alliedmarketresearch.com/shooting-and-gun-accessories-market-A13699 - Global Opportunity Analysis and Industry Forecast, 2021-2030

https://www.alliedmarketresearch.com/shotgun-shell-market-A14507 - Global Opportunity Analysis and Industry Forecast, 2023-2032

David Correa
Allied Market Research
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