Published Date : Dec 19, 2016
ALBANY, NY, Dec 19, 2016: This market report talks about the existing market scenario by studying various macro and micro factors impacting its performance.
The report, titled, “Global Sensor-Based Gun Systems Market 2016–2020,” forecasts the global sensor-based gun systems market to exhibit a CAGR of 4.99% during the period from 2016 to 2020. The sensor-based gun systems automatically fire at an object found within a range of sensors. Besides being efficient, they are also economic and hence are used in areas of strategic importance.
Automatic gun targeting systems can apply both active infrared (IR) or passive IR (PIR) sensors for detecting the target. For further efficiency, they can be combined with the Bluetooth technology and face recognition systems.
One of the primary growth drivers in the global market for sensor-based gun systems is the rising thrust among nations to secure their international borders in the wake of growing threat of cross-border terrorism and illicit trafficking of weapons. Emergence of smart guns, which prevent unintentional usage of guns by leveraging technology to distinguish between authorized and unauthorized users, is another factor propelling growth. Their unique selling proposition is that they can be remotely enabled and disabled using wireless protocols. Besides, the rise in the use of 3D printing technology and composite materials is also filliping the market.
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A major trend helping the global market for sensor-based gun systems is the emphasis on lean military force, especially by countries of the west that have been drained of resources on account of the protracted battles in the Middle East. Restraining the growth in the market are the possibilities of malfunction of sensor-based gun systems owing to technological glitches and high chances of indiscriminate firing. Another roadblock to their uptake has been their increasing utilization by unmanned aerial vehicles to attack border patrolling.
The report segments the global sensor-based gun systems market depending upon the product type into sensor-based turret gun systems and sensor-based man-portable gun systems market. It studies the current market size for each based on revenue and makes growth forecast for them as well for the next couple of years. Regionally, the report segments the market into the Americas, the Asia Pacific, Europe, and the Middle East and Africa. The report also leverages Porter’s Five Forces reports to gauge the competitive dynamics in the market.
Some of the key market players profiled in the report include DoDaaM Systems, Saab, Rafael Advanced Defense Systems, Armatix, and Hanwha Techwin. Other prominent players that find a mention in it are TriggerSmart, Adunok, and Kalyani. The report throws light on their key products, revenue, and business divisions.
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