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The Gunshot Detection Systems Market is segmented by Product Type (Indoor and Outdoor), Application (Defense and Homeland/Law Enforcement), and Geography.
Fastest Growing Market:
The gunshot detection systems market is anticipated to register a CAGR of 26% during the forecast period, 2020-2025.
A gunshot detection system is a system that detects and conveys the location of gunfire or any other weapon fire with the help of acoustic, optical, or any other type of sensors, as well as a combination of these sensors.
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The gunshot detection systems market has been classified into indoor and outdoor. In 2018, the outdoor segment accounted for a major share. However, the indoor segment is anticipated to register the highest CAGR during the forecast period. This is primarily due to an increase in the incidence of shootings at school premises in the past couple of years, which may force such institutions to increase their perimeter security by installing indoor gunshot detection systems during the forecast period.
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Although Europe has much stricter regulations, in terms of gun ownership, the region has witnessed many incidents of mass shooting since 2015. Russia, Ukraine, France, and Germany recorded a high number of injuries due to mass shootings in 2016. Several law enforcement agencies across Europe have plans to procure and install these advanced systems to enhance the security of their respective cities.
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The gunshot detection systems (GDSs) market is mainly dominated by Raytheon, both in military and civilian applications. ShotSpotter, which sells civilian versions of Raytheon’s gunshot detection systems through license, generated a revenue of around USD 23 million in 2017. The product procurement cost for gunshot detection systems is very low. The service cost for detecting and informing the respective authorities/personnel for response accounted for a major share of the revenue in 2017. The civilian usage of GDSs is gradually increasing across various countries, with the threat from random shooters and terrorists augmenting the demand from civilians.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
22.214.171.124.1 Vehicle (Ground and Aerial)
126.96.36.199.2 Fixed/Ground Installation
188.8.131.52.3 Other Acoustic Applications
184.108.40.206.1 Vehicle (Ground and Aerial)
220.127.116.11.2 Fixed/Ground Installation
5.2.2 Homeland/Law Enforcement
5.3.1 North America
5.3.5 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Raytheon Company
6.2.2 Rheinmetall AG
6.2.3 Rafael Advanced Defense Systems Ltd
6.2.4 Israel Aerospace Industries Ltd
6.2.5 Thales Group
6.2.7 ACOEM Group
6.2.10 Databuoy Corporation
6.2.11 Information System Technologies Inc.
6.2.12 Louroe Electronics
6.2.13 Safety Dynamics Inc.
6.2.14 Microflown AVISA
6.2.15 ASELSAN AS
6.2.16 Elbit Systems Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability