Market Overview:
The global smart gun market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for smart guns from law enforcement and defense applications, and the growing awareness about the benefits of using smart guns. The global smart gun market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into RFID-basedsmart guns, biometric-basedsmart guns, and other typesofsmartguns.onthebasisofregion,.
Product Definition:
A smart gun is a firearm that is equipped with a microchip that allows it to be fired only by authorized users. The chip can be programmed to recognize the fingerprints of the authorized user, or it can be paired with a wearable device like a ring or bracelet.
RFID:
Radio-frequency identification (RFID) is a technology that involves the use of radio waves to automatically and remotely track objects. The technology was initially developed for tracking tags attached to dogs, cats, and humans. However, it is now being used for tracking almost every kind of product including pharmaceuticals, automobiles, pallets of goods in warehouses or even people themselves.
Biometrics:
Biometrics is a series of techniques that use unique characteristics of an individual to authenticate a transaction. It helps in the verification of an individual by using some physical features like fingerprint, iris, face recognition and signature. The smart gun technology uses biometric data for security purposes which are more convenient than traditional methods as it does not require any additional devices or passwords for logging on to the account.
Benefits offered by biometrics such as high level of security.
Application Insights:
The defense segment dominated the global smart gun market in 2017 and is expected to retain its dominance over the forecast period. The growing need for weapon systems that are reliable, safe, and secure is a key factor driving product adoption in defense applications. Furthermore, governments from across the world are taking initiatives to develop a robust smart gun ecosystem by developing standards & specifications for various components such as RFID tags, biometric sensors, batteries etc. which will help manufacturers meet stringent government regulations while launching new products into the market.
The other application segment includes commercial applications such as retail stores or banks where customers require protection against armed intruders while entering premises overnight or during holidays when security personnel may be outnumbered by criminals seeking entry into fortified areas with high walls.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being a developed nation, is expected to witness higher adoption of smart guns over the forecast period. However, there are some states such as Connecticut and New York that have banned the sale of smart guns due to lack of understanding and concern about these weapons’ safety features. Moreover, after every few years an incident happens in which a gun fires by accident; for instance, in 2015 one person was killed when his neighbor's handgun went off while they were cleaning it at home (U.S.).
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rising demand from countries such as India and China where government regulations regarding gun ownership are less stringent compared with other countries including Australia and United Kingdom respectively thus making it easier for manufacturers introduce new technologies into their products thereby boosting market growth over next eight years or so till 2030 AD (unless governments ban them first).
Growth Factors:
- Increasing demand for smart guns from the law enforcement and military sectors due to their enhanced safety features.
- Rising awareness about the benefits of using smart guns among civilians, which is likely to boost the market growth in the coming years.
- Growing number of shootings and gun-related accidents across the globe, resulting in an increased demand for technologically advanced firearms that can prevent such incidents.
- Proliferation of gun control laws and regulations encouraging the use of smart guns as a safer alternative to conventional firearms.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Gun Market Research Report
By Type
RFID, Biometrics, Other
By Application
Law Enforcement, Defense, Other
By Companies
Armatix, iGun Technology, Biofire Technologies, TriggerSmart Technologies, Identilock
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Smart Gun Market Report Segments:
The global Smart Gun market is segmented on the basis of:
Types
RFID, Biometrics, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Law Enforcement, Defense, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Armatix
- iGun Technology
- Biofire Technologies
- TriggerSmart Technologies
- Identilock
Highlights of The Smart Gun Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- RFID
- Biometrics
- Other
- By Application:
- Law Enforcement
- Defense
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Gun Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A smart gun is a firearm that uses biometric technology to identify the owner and prevent unauthorized use.
Some of the major players in the smart gun market are Armatix, iGun Technology, Biofire Technologies, TriggerSmart Technologies, Identilock.
The smart gun market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Gun Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Gun Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Gun Market - Supply Chain
4.5. Global Smart Gun Market Forecast
4.5.1. Smart Gun Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Gun Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Gun Market Absolute $ Opportunity
5. Global Smart Gun Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Gun Market Size and Volume Forecast by Type
5.3.1. RFID
5.3.2. Biometrics
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Gun Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Gun Market Size and Volume Forecast by Application
6.3.1. Law Enforcement
6.3.2. Defense
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Gun Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Gun Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Gun Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Gun Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Gun Demand Share Forecast, 2019-2026
9. North America Smart Gun Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Gun Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Gun Market Size and Volume Forecast by Application
9.4.1. Law Enforcement
9.4.2. Defense
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Gun Market Size and Volume Forecast by Type
9.7.1. RFID
9.7.2. Biometrics
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Gun Demand Share Forecast, 2019-2026
10. Latin America Smart Gun Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Gun Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Gun Market Size and Volume Forecast by Application
10.4.1. Law Enforcement
10.4.2. Defense
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Gun Market Size and Volume Forecast by Type
10.7.1. RFID
10.7.2. Biometrics
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Gun Demand Share Forecast, 2019-2026
11. Europe Smart Gun Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Gun Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Gun Market Size and Volume Forecast by Application
11.4.1. Law Enforcement
11.4.2. Defense
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Gun Market Size and Volume Forecast by Type
11.7.1. RFID
11.7.2. Biometrics
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. ByProduct Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Gun Demand Share, 2019-2026
12. Asia Pacific Smart Gun Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Gun Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Gun Market Size and Volume Forecast by Application
12.4.1. Law Enforcement
12.4.2. Defense
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Gun Market Size and Volume Forecast by Type
12.7.1. RFID
12.7.2. Biometrics
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Gun Demand Share, 2019-2026
13. Middle East & Africa Smart Gun Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Gun Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Gun Market Size and Volume Forecast by Application
13.4.1. Law Enforcement
13.4.2. Defense
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Gun Market Size and Volume Forecast by Type
13.7.1. RFID
13.7.2. Biometrics
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Gun Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Gun Market: Market Share Analysis
14.2. Smart Gun Distributors and Customers
14.3. Smart Gun Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Armatix
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. iGun Technology
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Biofire Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TriggerSmart Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Identilock
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
