A sensor based gun system also known as sentry guns is a weapon that is automatically aimed and fired at targets that are detected by sensors. The activation feature prevents misuse, accidental shooting and use against the authorized owner. The sensor based gun systems are integrated with a variety of sensor systems, such as fingerprint recognition, radio frequency identification (RFID) chips and mechanical locks, which determine an unauthorized target and an authorized owner. The growing number of modernizing war initiatives and the recurrent focus on making military force lean in a number of developed nations have stimulated the demand for sensor based gun systems. The use of remote wireless systems and computer programs to determine the size and authorized targets has been compelling proposition bolstering its demand in several economies specially in developing nations, which will drive the market growth during forecast period.
MARKET DYNAMICS
Rising concerns regarding securing of international borders, growing military expenditure in developing countries, and less weight of these gun systems due to presence of composite materials is driving the growth of the sensor based gun systems market. However, high cost and risk of malfunction of the systems may restrain the growth of the sensor based gun systems market. Further, more technological advancements such as AI and emergence of smart guns are anticipated to create market opportunities for the sensor based gun systems market during the forecast period.
MARKET SCOPE
The "Global Sensor Based Gun Systems Market Analysis to 2028" is a specialized and in-depth study of the sensor based gun systems market with a special focus on the global market trend analysis. The report aims to provide an overview of sensor based gun systems market with detailed market segmentation by type, application, and geography. The global sensor based gun systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sensor based gun systems market players and offers key trends and opportunities in the sensor based gun systems market.
MARKET SEGMENTATION
The global sensor based gun systems market is segmented on the basis of type and application. On the basis of type, the market is segmented as sensor based man-portable guns and sensor based turret guns. Further based on application, market is segmented as national defense, law enforcement, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global sensor based gun systems market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The sensor based gun systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting sensor based gun systems market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the sensor based gun systems market in these regions.
MARKET PLAYERS
The reports cover key developments in the sensor based gun systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from sensor based gun systems market are anticipated to lucrative growth opportunities in the future with the rising demand for sensor based gun systems. Below mentioned is the list of few companies engaged in the sensor based gun systems market.
The report also includes the profiles of key sensor based gun systems market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Armatix GmbH
- DoDaam Systems Ltd.
- General Dynamics Ordnance and Tactical Systems
- Hanwha Group
- iGUN Technology Corp
- Rafael Advanced Defense Systems Ltd.
- Saab AB
- Thales Group
- TrackingPoint, Inc.
- Yardarm Technologies, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.