Global Smart Gun Market 2024-2028
The smart gun market is forecasted to grow by USD 116.8 mn during 2023-2028, accelerating at a CAGR of 7.07% during the forecast period. The report on the Smart gun market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by modernization of law enforcement capabilities, advancement in smart gun technology, and conversion of conventional guns into Smart guns.
Technavio's Smart gun market is segmented as below:
By Technology
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the use of 3D (3 dimensional) printing technology and composite materials as one of the prime reasons driving the Smart gun market growth during the next few years. Also, regulatory mandates that restrict unauthorized use of gun technology and growing concern over individual self-defense will lead to sizable demand in the market.
The report on the Smart gun market covers the following areas:
- Smart gun market sizing
- Smart gun market forecast
- Smart gun market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Smart gun market vendors that include Biofire Technologies Inc., General Dynamics Corp., Identilock LLC, Lockheed Martin Corp., Lodestar Works Inc., Northrop Grumman Corp., O.F. Mossberg and Sons Inc., SimonsVoss Technologies GmbH, Smart Gunz LLC, and The Boeing Co.. Also, the Smart gun market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.