Gunshot detection market to be up to 1008 M USD by 2024 | #ESC_LLC #Security #Business #Report | According to new market research information on the Gunshot Detection System Market, Marketsandmarkets predicts that this sector is estimated at USD 564 million in 2019 and is projected to reach USD 1,008 million by 2024, at a compound annual growth rate of 12.30% from 2019 to 2024.
Gunshot detection systems for homeland security were first used in the US. These systems are primarily used by law enforcement agencies. They are installed at a height of more than 30 feet above the ground at select locations of the coverage area. These include walls, poles, streetlights, and buildings, among others.
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Increase in the incidents of mass shootings in educational institutions is a prime concern. These systems installed at educational institutions places provide real-time updates on shooting events to security personnel, along with individuals inside these places on their electronic communication devices.
Within the report, the gunshot detection system market has been segmented and analysed by the researchers, in terms of installation type, namely, fixed installation, soldier mounted, and vehicle installation. The market is dominated by the fixed installation segment and this segment is also projected to grow at the highest CAGR during the forecast period. Fixed gunshot detection systems use the acoustic sensor node detection technology to detect a gunshot event.
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