Lucintel Forecasts Gun Detection Market to Reach $XX Billion by 2028

According to the recent study the gun detection market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 20% to 22% from 2023 to 2028. Growth in this market is primarily driven by increasing incidences of shooting at public places, surge in the adoption of IoT, growing investment in border security, and increasing demand in law enforcement agencies.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in gun detection market by system (indoor and outdoor), installation (fixed installation, vehicle installation, and soldier mounted), solution type (systems and Saas), application (commercial and defense), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Vehicle installation market is expected to remain the largest segment during the forecast period.”

Based on installation, the gun detection market is segmented into fixed installation, vehicle installation, and soldier mounted. Lucintel forecasts that the vehicle installation market is expected to remain the largest segment due to growing demand for armored vehicles that are furbished with advanced systems and increasing defense expenditure across the globe.

“Within the gun detection market, the commercial segment is expected to remain the largest application”

Based on application the commercial segment is expected to witness the highest growth over the forecast period due to government initiatives to enhance safety in public places and increasing demand for safety solutions in smart cities.

“North America will dominate the gun detection market in near future”

North America remains the largest region due to increasing number of gun violence due to growth in gun ownership supported by law and illegal arm sales, and high number of firearm-related deaths in the region, especially in the US.

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Major players of gun detection market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. ShotSpotter Inc, ACOEM Group, Louroe Electronics, Databuoy Corporation, Shooter Detection System LLC, Qinetiq North America, Safran Electronics and Defense SAS (Safran), Raytheon Company, and Tracer Technology Systems, Inc are among the major gun detection providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link  or [email protected]

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