The global gunshot detection systems market is anticipated to grow at a considerable CAGR of 9.2% during the forecast period. One of the core factors driving the market is increasing crimes including gun firing, especially in riots, crowded places, and around the high profile personality. This further led to the installation of numerous security measures such as alerting authorities and warning people nearby regarding the location of the shooting. This has raised the demand for gunshot detection systems in the past few years as riots on several issues have grown across the globe which has projected future demand in the upcoming years.
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The COVID-19 pandemic had significantly impacted most industries owing to the nationwide lockdowns across the globe. The lockdown had restricted most of the production work which dented the industries including the gunshot detection systems industry. This led the governments to a huge economic crisis, which resulted in the cutting budget of the defense sector of most the nations which reflected in a decline in the demand for the gunshot detection systems. However, the impact was less as compared to the other industries as the rise of tensions between countries and inside countries. Furthermore, as the situation got normal, the tension between the countries such as India, Pakistan, China, Russia, the USA, and others increased which favored the demand for gunshot detection systems in the global market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Gunshot Detection Systems Market Report Segment
By Product Type
- Indoor
- Outdoor
By Installation
- Fixed
- Portable
- Vehicle-Mounted
By Application
- Commercial
- Defense
Global Gunshot Detection Systems Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global gunshot detection systems market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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