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New study: Gunshot detection system market is expected to grow USD 2,929.6 million by 2022

New study: Gunshot detection system market is expected to grow USD 2,929.6 million by 2022

The Gunshot Detection System Market report states among applications, the homeland segment is expected to lead the gunshot detection system market during the forecast period. The Gunshot Detection System Market is growing and the experts have predicted the future stats of Gunshot Detection System. Gunshot Detection System Market report contains the top corporate profiles and strategies with industry analysis and trends.

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Based on application, the homeland segment of the gunshot detection system market is expected to grow from USD 629.2 million in 2016 to USD 2,929.6 million by 2022, at a CAGR of 29.22% from 2016 to 2022. The growth of the homeland segment is driven by several factors such as increased rate of gun deaths in North America and the need for increased security in futuristic smart cities are the factors driving the gunshot detection system market.

The installation cost of gunshot detection systems is considerably high and maintaining these systems is an additional expense on governments.

On the basis of installation type, the fixed segment accounted for the largest share of the gunshot detection system market in 2016.

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The growth of the fixed segment can be attributed to the advancements in security systems of existing infrastructures such as universities, public banks, and corporate offices, among others. Fixed installations are carried out at a specific height from the ground.

High-security areas such as restricted military infrastructures are the potential fixed installation sites for gunshot detection systems. 

The complete report of Gunshot Detection System Market by Application (Homeland, And Defense), Installation Type (Fixed, Wearable, and Vechicle Mounted), Product Type (Indoor, and Outdoor), and Region - Global Forecast to 2022 is now available on www.rnrmarketresearch.com/gunshot-…rket-report.html

Break of primary participants in Gunshot Detection System Market was as mentioned below:

By Company Size: Tier 1 = 20 %, Tier 2 = 55%, and Tier 3 = 25%

By Designation Level: C-Level Executives = 50%, Directors= 25%, and Others= 25%

By Region: Americas = 60%, Europe = 25%, APAC = 10%, and RoW = 5%

Major players of Gunshot Detection System Market Report are:

Major companies in the gunshot detection system market are SST, Inc. (U.S.), Raytheon BBN Technologies (U.S.), QinetiQ North America (U.S.), Shooter Detection Systems, LLC. (U.S.), Acoem Group (France), and Thales Group (France), among others.

FAQ’s regarding the Gunshot Detection System Market Report are:

What is Market Penetration of Gunshot Detection System?
Comprehensive information on the product portfolios of the top players in the Gunshot Detection System market

What is Product Development/Innovation of Gunshot Detection System?
Detailed insights on the upcoming technologies, R&D activities, and product launches in the Gunshot Detection System market

What is Competitive Assessment of Gunshot Detection System?
In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the Gunshot Detection System market

What is Market Development of Gunshot Detection System?
Comprehensive information about emerging markets. This report analyzes the market for various Gunshot Detection System products across geographies

What is Market Diversification of Gunshot Detection System?
Exhaustive information about new products, untapped geographies, recent developments, and investments in the Gunshot Detection System market

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Military installations use fixed installations on walls, poles or border crossings. Fixed electro-optic systems are used by military personnel for enemy sniper localization.

Fixed gunshot detection systems installed in Redwood City, California, Glendale, Arizona, Willowbrook, and the City of Industry have proven to be effective in reducing law enforcement response time in detecting gunfire, apprehending criminals, collecting evidence, and reducing the occurrence of celebratory gunfire.

North America has the highest number of firearms in across the world. The U.S. accounts for the largest civilian gunfire deaths.

Need for better surveillance and safety systems from gunfire in cities is the prime factor driving the gunshot detection system market in the region.

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