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Amphibious Vehicles Market worth $3.70 Billion by 2022 ← Exclusive Report by MarketsandMarkets

Amphibious Vehicles

The report Amphibious Vehicle Market by End User (Defense, Commercial), Application (Surveillance & Rescue, Water Transportation, Sports, Excavation), Propulsion (Screw Propeller, Water Jet, Track-Based), and Region – Global Forecasts to 2022″, The amphibious vehicles market is projected to grow from USD 2.39 Billion in 2017 to USD 3.70 Billion by 2022, at a CAGR of 9.13% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.

Browse 106 market data tables and 41 figures spread through 180 pages and in-depth TOC on “Amphibious Vehicle Market – Global Forecasts to 2022”

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Factors such as increasing demand from defense forces for amphibious combat vehicles owing to rising conflicts, and demand for amphibious excavators for dredging and excavation are some of the factors which are expected to drive the amphibious vehicles market.

Based on application, the excavation segment is projected to witness high growth during the forecast period

Based on application, the excavation segment of the amphibious vehicles market is projected to witness high growth from 2017 to 2022, as these vehicles are used for various purposes such as excavations for bridge or water way constructions, land reclamation, and trash & debris removal.

Based on end user, the commercial segment is projected to witness high growth during the forecast period

Based on end user, the commercial segment of the amphibious vehicles market is projected to witness high growth from 2017 to 2022. This growth can be attributed to the increasing use of amphibious excavators for dredging applications, which are majorly used by governments to carry out maintenance of river beds, swamps, lakes, ponds, and reservoirs.

Based on propulsion, the tack-based segment is projected to witness high growth during the forecast period

Based on propulsion, the track-based segment of the amphibious vehicles market is projected to witness high growth during the forecast period. Tracked armored vehicles enabled with amphibious capabilities are intended for use in amphibious assaults. Such vehicles are used as armored fighting vehicles and personnel carriers and thus reduce dependency on destroyable and easily targeted bridges during conflicts.

Asia-Pacific is expected to be the fastest-growing amphibious vehicles market during the forecast period

The amphibious vehicles market in the Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The prime concern in the Asia-Pacific region is rising terrorism, which drives the demand for the upgradation of surveillance capabilities. This is expected to lead to the growth in demand for amphibious vehicles and is thus expected to drive the market in this region.

Key Market Players

Major players in the amphibious vehicles market include BAE Systems (U.K.), General Dynamics Corporation (U.S.), Lockheed Martin Corporation (U.S.), Rheinmetall AG (Germany), Hitachi Construction Machinery (Europe) N.V. (Netherlands), EIK Engineering Sdn. Bhd. (Malaysia), Wetland Equipment Company, Inc. (U.S.), Wilco Manufacturing LLC (U.S.), and Marsh Buggies Incorporated (U.S.).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Aerospace Adhesive & Sealants Market expected to be worth 1 Billion USD by 2023, at a CAGR of 5.4%, from 2018–2023

The [154 Pages Report] “Aerospace Adhesives & Sealants Market by Resin Type (Epoxy, Silicone, PU), Technology (Solvent-based, Water-based), End-use Industry (Commercial, Military, General Aviation), User Type (OEM, MRO), Aircraft Type, and Region – Global Forecast to 2023” The global aerospace adhesives & sealants market size is projected to reach USD 1 billion by 2023, at a CAGR of 5.4%. The aerospace adhesives & sealants market size is estimated to be USD 775 million in 2018. The high demand for lightweight and fuel-efficient next-generation aircraft is fueling the consumption of these adhesives and sealants. These products are used in the interior, exterior, and engine compartments of an aircraft.

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The commercial aerospace segment is estimated to be the largest consumer of adhesives and sealants.

The commercial segment accounts for the dominant share of the overall aerospace adhesives & sealants market. The high demand for commercial aircraft is driving the consumption of such adhesives and sealants in this end-use industry. Boeing and Airbus presently have orders for delivery of over 9,000 commercial aircraft. These factors are anticipated driving the growth of the market during the forecast period.

The demand for epoxy-based aerospace adhesives & sealants is the highest in the market.

Epoxy resins are projected to witness the highest demand resulting in the fastest growth of this segment in the global aerospace adhesives & sealants market. It also accounts for the largest share of the market. Epoxy resin is used widely in aerospace applications due to its properties such as high tensile and shear strength and chemical resistance. It also offers protection against corrosion and can sustain high temperature and pressure environment.

North America is expected to continue its leading position in the aerospace adhesives & sealants market.

North America is likely to account for the largest share within the global aerospace adhesives & sealants market by 2023. The presence of a firmly established aerospace industry and the increasing demand for commercial aircraft. The demand for commercial aircraft is growing significantly with the growth of the airline sector in Asia Pacific and other emerging regions. The key aircraft manufacturers, such as Boeing and Bombardier, are headquartered in North America, catering to a large share of the demand for aircraft.

The key players in the Aerospace Adhesives & Sealants Market are 3M (US), Henkel AG & Co. KGaA (Germany), Huntsman International LLC. (US), PPG Industries Inc. (US), and Cytec Solvay Group (Belgium).

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About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

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Key Factors for driving Automatic Weapons Market — Exclusive Report by MarketsandMarkets

Automatic Weapons

Rise in terrorism related activities and cross-border conflicts and advancements in automatic weapon systems are the key factors driving the automatic weapons market

The Automatic Weapons Market is estimated to grow from USD 6.0 billion in 2018 to USD 8.7 billion by 2023, at a CAGR of 7.82% from 2018 to 2023. The automatic weapons market has been segmented on the basis of product, end use, caliber, type, and region. Innovations in the field of targeting, automatic loading, communication technologies, sensors, and interface are enhancing the capabilities of modern automatic weapons. Advancements in the gun system technology will continue to influence the capabilities of navies, combat power, and tactics. An Advance Gun System (AGS) is the next generation of naval artillery to be deployed on naval platforms that are exceptionally efficient at destroying surface ships, aircraft, and land targets.

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Based on product, the automatic rifles segment of the automatic weapons market is estimated to grow at the highest CAGR during the forecast period. Automatic weapons increase the rate of fire and ease the mode of operation. This factor has resulted in increasing the adoption of automatic weapons worldwide. For instance, the US Army recently awarded a contract to Textron Systems for the development of a functional prototype Next Generation Squad Automatic Rifle (NGSAR). According to the contract, Textron Systems is expected to develop a high-velocity, magazine-fed system of an intermediate caliber.

Based on end use, the land segment of the automatic weapons market is estimated to grow at the highest CAGR during the forecast period due to the procurement of automatic rifles that are widely used by soldiers and machine guns that are mounted on different platforms including armored fighting vehicles, battle tanks, light protected vehicles, and ground stationary vehicles, among others. Technological advancements in the design of automatic weapon systems of various calibers are estimated to drive the land segment of the automatic weapons market during the forecast period.

Based on caliber, the small caliber segment is estimated to lead the automatic weapons market in 2018. Small caliber segment has been further categorized into 5.56mm, 7.62mm, 12.7mm, and 14.5mm. The growth of the small caliber segment can be attributed to the increased demand for small caliber weapons such as automatic rifles and machine gun that can be used as handheld & stationary and also installed on remote weapon stations on land, naval, and airborne platforms. For instance, the US Department of Defense recently awarded FN America worth USD 13.45 million contract to provide both the 5.56mm Mk 46 and 7.62mm Mk 48 light machine guns to Special Operations Command (SOCOM).

North America is expected to be one of the largest markets for automatic weapons in the near future. Remote weapon stations are expected to drive military operations, as these protect personnel from direct fire, thus leading to a decline in casualties. The importance of troop safety and enhancement of the kill power of a warfare platform are driving the major manufacturers and service providers in the region to develop techno-efficient combat systems and unmanned systems with remote weapon stations.

The Asia Pacific automatic weapons market is projected to grow at the highest CAGR during the forecast period, followed by North America and Europe. This can be attributed to the increasing demand for automatic weapon systems due to the procurement of new military platform fleets. Various countries in Asia Pacific have increased their defense budgets and are carrying out aggressive military modernization programs. These modernization programs are fueling the growth of the market for automatic weapons in this region.

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Key Market Players

Companies such as General Dynamics Corporation (US), Northrop Grumman (US), Rheinmetall AG (Germany), ST Engineering (Singapore), KBP Instrument Design Bureau (Russia), Heckler & Koch AG (Germany), FN Herstal (Belgium), Colt’s Manufacturing Company LLC (US), Israel Weapon Industries (Israel), NORINCO (China), Denel Land Systems (South Africa), Kalashnikov Concern (Russia), BAE Systems (UK), Barrett Firearms Manufacturing (US), and Ukroboronprom (Ukraine) are some of the leading players have made significant contribution to the global automatic weapons market.

Don’t miss out on business opportunities in Automatic Weapons Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Browse Related Report:

Remote Weapon Station Market by Application (Military, Homeland Security), Platform (Land, Airborne, Naval), Component (Sensors, HMI, Weapons & Armaments), Weapon Type (Lethal, Non-lethal), Mobility, Technology, and Region – Global Forecast to 2023

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.

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Suite 430

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Email: Newsletter@marketsandmarkets.com

FRP Bridge Market expected to be worth 72.5 Million USD by 2021, at a CAGR of 6.40%, from 2016–2021

The report [138 pages] FRP Bridge Market by Fiber Type (Glass Fiber, Carbon Fiber), Resin (Vinylester, Polyester), Manufacturing Process (Pultrusion, Hand Lay-Up), Application (Deck, Girders, Rebars), Bridge Type (Vehicular, Pedestrian), Region – Global Forecast to 2021″, The FRP bridge market was valued at USD 50.1 Million in 2015 and is projected to reach USD 72.5 Million by 2021, at a CAGR of 6.40% between 2016 and 2021. The excellent properties of FRP materials, such as corrosion resistance, lightweight, and high strength, have contributed to the high growth of the FRP bridge market.

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Deck is the largest application segment of the FRP bridge market 

By application, the deck segment is estimated to account for the largest share of the FRP bridge market. This segment is also projected to dominate the FRP bridge market globally during the forecast period. The use of FRP materials in decks offer them with high corrosion resistance, high strength to weight ratio, and effortless installations.

The glass fiber segment accounts for the largest share of the FRP bridge market 

The market for glass fiber composites is expected to grow at the highest CAGR from 2016 to 2021. Good strength, chemical resistance, and stiffness offered by glass fibers, as well as their easy availability and cost effectiveness, are key factors accelerating the demand for glass fiber composites.

North America accounts for the major share of the FRP bridge market 

The FRP bridge market is expected to witness the highest growth in the North American region during the forecast period. Several key market players, such as Strongwell Corporation (U.S.), Creative Pultrusions, Inc. (U.S.), and Bedford Reinforced Plastics (U.S.), among others, are present in this region. The growth of the FRP bridge market in the North American region can be attributed to the presence of these prominent players.

Some of the key players in the FRP Bridge Market include Strongwell Corporation (U.S.), Creative Pultrusions, Inc. (U.S.), Bedford Reinforced Plastics (U.S.), and Fiberline Composites A/S (Denmark). These players have adopted various organic and inorganic developmental strategies, such as new product development, expansion, agreement, and partnership, between the year 2011 and 2016.

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Don’t miss out on business opportunities in FRP Bridge Market.

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About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: 1-888-600-6441 
sales@marketsandmarkets.com

Gunshot Detection System Market worth $1,008 Million by 2024 – Exclusive Report by MarketsandMarkets™

According to the new market research report Gunshot Detection System Market by Application (Commercial, Defense), Installation (Fixed Installations, Vehicle Installations, Soldier Mounted), System (Indoor, Outdoor), Solution (Systems, SaaS) and Region – Global Forecast to 2024″, The gunshot detection system market 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 (CAGR) of 12.30% from 2019 to 2024.

Browse 105 market data Tables and 35 Figures spread through 144 Pages and in-depth TOC on “Gunshot Detection System Market – Global Forecast to 2024”

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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. 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.

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The fixed installation segment to grow at a higher CAGR in the gunshot detection system market during the forecast period

The gunshot detection system market has been segmented and analyzed 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. Fixed installations are installed at a specific height from the ground. High-security areas, such as restricted military infrastructure are high potential fixed installation sites for gunshot detection systems.  Military installations use fixed installations on walls, poles, or border crossings. Fixed electro-optic systems are used by military personnel for enemy sniper localization.

Increasing investment in Subscription as a Service (SaaS) is expected to drive the gunshot detection system market during the forecast period

Based on solution, the SaaS segment of the gunshot detection system market is estimated to grow at the highest CAGR during the forecast period. The increasing demand for subscription-based services by public safety authorities is driving the market for this segment.

North America region shows the highest potential for implementation of gunshot detection

North America is expected to drive the growth of the gunshot detection system market in the coming years, and is expected to grow at the highest CAGR during the forecast period, 2019 to 2024. The gunshot detection system market in North America is expected to witness growth, owing to the high number of firearm-related deaths in the region, especially in the US where firearm-related death rate is 25 times higher than other countries.  Major US cities are planning to install indoor gunshot detection systems at universities, corporate office locations, and financial facilities, among others, over the next 5 years.

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Key Market Players

The major players in the gunshot detection system market include SST, Inc. (US), Raytheon (US), QinetiQ North America (US), Shooter Detection Systems, LLC. (US), Acoem Group (France), and Thales Group (France), among others. SST, Inc is one of the key market players engaged in securing contracts to increase the sale of gunshot detection systems.

Don’t miss out on business opportunities in Gunshot Detection System Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

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Suite 430

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USA: 1-888-600-6441

Email: Newsletter@marketsandmarkets.com

In-depth Analysis & Key Factors for Driving Less Lethal Ammunition Market Revenue Growth by 2023

Less Lethal Ammunition

Increasing political disputes & civil unrest and militarization of law enforcement agencies are the key factors driving the less lethal ammunition market.

The Less Lethal Ammunition Market is estimated to grow from USD 828 million in 2018 to USD 1,106 million by 2023, at a CAGR of 5.95% from 2018 to 2023. The less lethal ammunition market has been segmented on the basis of product, end use, weapon type, and region. Political disputes, violence, and civil unrest have been on the rise globally, in recent years, driven by domestic as well as geopolitical situations and policies. The adverse geopolitical conditions in Eastern Europe, the Middle East, and East Asia have contributed highly to this global trend.

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Less-than-lethal impact munitions fire a projectile that will provide a transfer of kinetic energy that will impact and potentially incapacitate a suspect. There are a variety of different launchers and projectiles currently on the market that are designed to fit the specific needs.

Based on product, the rubber bullets segment of the less lethal ammunition market is projected to grow at the highest CAGR during the forecast period. Presently, most countries widely use rubber bullets to control protests. Rubber bullets produce temporary effects on the target without any fatal injuries. For example, the police personnel in Gauteng used rubber bullets to disperse about 2,000 workers belonging to the National Union of Public Service and Allied Workers (Nupsaw), who were protesting outside Dis-Chem’s office in Midrand, Johannesburg in 2018.

Based on end user, the law enforcement segment of the less lethal ammunition market is expected to grow at the highest CAGR during the forecast period, due to the increase in investments in less lethal ammunition such as rubber bullets and beanbag bullets. These ammunitions are widely used by law enforcement agencies of various countries to control emergency situations. 

Based on weapon type, the shotguns segment is estimated to lead the less lethal ammunition market in 2018. The growth of shotguns can be attributed to the increased procurement of 12 gauge by law enforcement agencies and civilians for security operations and self-defense.

North America is expected to be one of the largest markets for less lethal ammunition in the near future. North America is a leading producer of less lethal weapons and munitions and is a top spender on R&D for non-lethal weapons capabilities. The growth of the market in this region can be attributed to the increased procurement of 12 gauge weapons that can fire beanbags, pepper spray, and gas pellets.

The less lethal ammunition market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased investments for the militarization of law enforcement agencies. In addition, rising demand for national and border security owing to trafficking and threats from extremist groups. Thus, these factors are expected to have a significant impact on the growth of less lethal ammunition market in the coming years.

Key Market Players

Key players profiled in the less lethal ammunition market report include The Safariland Group (US), Combined Systems, Inc. (US), Federal Ammunition (US), Nonlethal Technologies (US), Rheinmetall AG (Germany), ST Engineering (Singapore), Security Devices International, Inc.  (US), Lamperd Less Lethal, Inc. (Canada), Condor Non-Lethal Technologies (Brazil), Less Lethal Africa (South Africa), MAXAM Outdoors S.A. (Spain), and Sellier & Bellot (Czech Republic), among others). Acquisitions, agreements, and new product launches were the key strategies adopted by the industry players to achieve growth in the less lethal ammunition market.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: Newsletter@marketsandmarkets.com

Gunshot Detection System Market projected to reach $1,008 Million by 2024, at a CAGR of 12.30%

According to the new market research report Gunshot Detection System Market by Application (Commercial, Defense), Installation (Fixed Installations, Vehicle Installations, Soldier Mounted), System (Indoor, Outdoor), Solution (Systems, SaaS) and Region – Global Forecast to 2024″, The gunshot detection system market 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 (CAGR) 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.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=58054729

The fixed installation segment to grow at a higher CAGR in the gunshot detection system market during the forecast period

The gunshot detection system market has been segmented and analyzed 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. Fixed installations are installed at a specific height from the ground. High-security areas, such as restricted military infrastructure are high potential fixed installation sites for gunshot detection systems.  Military installations use fixed installations on walls, poles, or border crossings. Fixed electro-optic systems are used by military personnel for enemy sniper localization.

Increasing investment in Subscription as a Service (SaaS) is expected to drive the gunshot detection system market during the forecast period

Based on solution, the SaaS segment of the gunshot detection system market is estimated to grow at the highest CAGR during the forecast period. The increasing demand for subscription-based services by public safety authorities is driving the market for this segment.

North America region shows the highest potential for implementation of gunshot detection

North America is expected to drive the growth of the gunshot detection system market in the coming years, and is expected to grow at the highest CAGR during the forecast period, 2019 to 2024. The gunshot detection system market in North America is expected to witness growth, owing to the high number of firearm-related deaths in the region, especially in the US where firearm-related death rate is 25 times higher than other countries.  Major US cities are planning to install indoor gunshot detection systems at universities, corporate office locations, and financial facilities, among others, over the next 5 years.

Key Market Players

The major players in the gunshot detection system market include SST, Inc. (US), Raytheon (US), QinetiQ North America (US), Shooter Detection Systems, LLC. (US), Acoem Group (France), and Thales Group (France), among others. SST, Inc is one of the key market players engaged in securing contracts to increase the sale of gunshot detection systems.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: Newsletter@marketsandmarkets.com

Rocket and Missile Market worth $70.00 Billion by 2022 ← Exclusive Report by MarketsandMarkets

Rocket & Missile Market

The report Rocket and Missile Market by Type (Missile, Rocket), Launch Mode (Surface-to-Surface, Surface-to-Air, Air-to-Air, Air-to-Surface, Subsea-to-Surface), Propulsion (Solid, Liquid, Hybrid, Scramjet, Turbojet, Ramjet) & Region – Global Forecast to 2022″, The rocket and missile market is projected to grow from USD 55.53 Billion in 2017 to USD 70.00 Billion by 2022, at a CAGR of 4.74% during the forecast period. This growth can be attributed to the increasing geopolitical conflicts, war, and terrorism, which are driving the demand for rockets and missiles globally.

Browse 134 market data tables and 45 figures spread through 182 pages and in-depth TOC on “Rocket and Missile Market – Global Forecast to 2022”
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Based on type, the missile segment is projected to lead the rocket and missile market during the forecast period.

Based on type, the rocket and missile market was dominated by the missile segment in 2017 and is expected to continue its dominance till 2022. Missiles are versatile weapons and can be fired in various modes, angles, and platforms. To inflict maximum damage on adversaries, missiles are now equipped with guidance technologies which enable them hit targets with precision. Developing countries such as China and India, among others, are investing more in ballistic missiles. These countries are investing more in advanced technologies and focusing on manufacturing a wide range of offensive fighting vehicles. For instance, in May 2017, China tested its DF-26 missile which can attack aircraft carriers and air defense batteries with precision. India recently signed a contract with Israel to acquire more than 275 launchers and 5,500 spike missiles. The deal includes transfer of technology to build another 1500 launchers and 30,000 missiles.

Based on launch mode, the surface-to-surface segment is projected to grow at the highest CAGR during the forecast period.

The rocket and missile market has been analyzed and segmented based on launch mode into surface-to-surface, surface-to-air, air-to-air, air-to-surface, and subsea-to-surface. The rocket and missile market is dominated by the surface-to-surface segment. This segment is projected to grow at the highest CAGR during the forecast period, primarily driven by the upgrade and modernization programs, procurement of cruise as well as ballistic missiles, and use of advance guidance systems.

The U.S., China, and India are expected to be lucrative markets for rockets and missiles.

The U.S., China, and India are expected to be the largest rocket and missile markets in the coming years. The U.S. is estimated to dominate the market during the forecast period. This rapid growth can be attributed to the increasing research and development activities undertaken in the region for the development of advanced technology-based designs of man portable warfare systems. The China rocket and missile market is projected to grow at the highest CAGR from 2017 to 2022. China has been investing heavily in the design and development of guided man-portable air defense systems over the last five years.

Key Market Players

Major players in the rocket and missile market are Lockheed Martin Corporation (U.S.), MBDA, Inc. (U.K.), Rafael Advanced Defense Systems (Israel), Thales Group (France), Saab AB (Sweden), Raytheon Company (U.S.), and Kongsberg Gruppen (Norway), among others.

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