Gunshot Detection System Market is likely to witness an impressive CAGR of 15.2% during the forecast period. Increasing outbreaks of shooting at hospitals, schools, and universities along with the growing adoption of gunshot detection systems by law enforcement agencies, especially from the North American region, are the prime factors bolstering the global market during the forecast period.

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Gunshot Detection System Market Segment Insights:

By Application Type:

The commercial segment is estimated to register a higher growth during the forecast period. The growth of the segment is driven by the demand for enhanced security in futuristic smart cities. On the other hand, the defense application segment of gunshot detection systems includes soldier wearables, installation on armored vehicles, border crossings, and military installations at edifices and bases, among others. Defense systems are attentive at localization of the origin of gunshots and delivering information for counter-offensive strategies.

By Installation Type:

The fixed installations segment is estimated to witness the highest growth in the coming five years. Nevertheless, the vehicle installations segment commands the global market and the market potential for GDS systems on vehicle installations will significantly escalate based on the growing demand for armored vehicles from the militaries across the globe. 

By Region:

In terms of regions, the US gunshot detection system market is estimated to portray the highest growth the during the forecast period. Factors contributing to the threat of gunfire-related incidents have been gun ownership in the US and illegal arms sales. Rise in deaths or homicide incidents triggered off by the use of guns is a grave concern in the region. The North American gunshot detection system market is expected to witness substantial growth, driven by the high amount of firearm-related deaths in the region, especially in the US, where the firearm-related death rate outpaces other countries by 25 times. Further, prominent US cities are deliberating to install indoor gunshot detection systems at corporate offices, universities, schools, hospitals, and financial facilities, among others, over the next 5 years. Europe and Asia-Pacific are also expected to offer sizeable growth opportunities during the forecast period.

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Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

Based on the research, a proper report is crafted with the following key features:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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