NEWS

Smart Gun Market - 62% of Growth to Originate from North America | RFID Segment to be Significant for Revenue Generation | Technavio

May 26, 2022

, /PRNewswire/ -- The "smart gun market by Technology (RFID and Biometrics) and Geography (North America, Europe, APAC, South America, and the Middle East and Africa) - Forecast and Analysis 2022-2026" has been added to Technavio's offering. 62% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for smart guns in North America. Market growth in this region will be faster than the growth of the market in Europe, APAC, and MEA. The rising need for self-defense among civilians to counter the growing violence will facilitate the smart gun market growth in North America over the forecast period.

Technavio has announced its latest market research report titled Smart Gun Market by Technology and Geography - Forecast and Analysis 2022-2026

Technavio has announced its latest market research report titled Smart Gun Market by Technology and Geography - Forecast and Analysis 2022-2026

For more insights on the market share of various regions - Download a sample now!

The competitive scenario provided in the Smart Gun Market  report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach boost your business goals with our Smart Gun Market Forecast Report - Buy Now!

Smart Gun Market 2022-2026: Scope

The smart gun market report covers the following areas:

  • Smart Gun Market Size

  • Smart Gun Market Trends

  • Smart Gun Market Industry Analysis

Frequently Asked Questions:

  • Based on segmentation by Technology, which is the leading segment in the market? The smart gun market share growth in the RFID segment will be significant during the forecast period.

  • What are the major trends in the market?  The use of 3D (3 Dimensional) printing technology and composite materials is one of the key smart gun market trends that is expected to impact the industry positively in the forecast period.

  • At what rate is the market projected to grow? The smart gun market share is expected to increase by USD 98.74 million from 2021 to 2026, at a decelerating CAGR of 6.08%.

  • Who are the top players in the market? Biofire Technologies Inc., Identilock LLC, Lodestar Works Inc., O.F. Mossberg Sons Inc., SimonsVoss Technologies GmbH, and Smart Gunz LLC are some of the major market participants.

Smart Gun Market 2022-2026: Drivers Challenges The modernization of law enforcement capabilities, advancement in smart gun technology, and conversion of conventional guns into smart guns will offer immense growth opportunities. However, the factors such as technical constraints with smart gun technology may impede the market growth. The holistic analysis of the drivers challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Smart Gun Market 2022-2026: Segmentation Analysis

  • Technology

  • Geography

To know about the market contribution of each segment - Download a sample now!

Smart Gun Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026

  • Detailed information on factors that will assist smart gun market growth during the next five years

  • Estimation of the smart gun market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the smart gun market across North America, Europe, APAC, South America, the Middle East, and Africa

  • Analysis of the market's competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of smart gun market vendors

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Smart Gun Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum CAGR

Decelerate at a CAGR of 6.08%

Market growth 2022-2026

USD 98.74 million

Market structure

Concentrated

YoY growth (%)

6.87

Performing market contribution

North America at 62%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Biofire Technologies Inc., Identilock LLC, Lodestar Works Inc., O.F. Mossberg Sons Inc., SimonsVoss Technologies GmbH, and Smart Gunz LLC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

1 Executive Summary

  • 1.1 Market overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2021

  • 3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

  • 4.1 Five forces summary

  • 4.2 Bargaining power of buyers

  • 4.3 Bargaining power of suppliers

  • 4.4 Threat of new entrants

  • 4.5 Threat of substitutes

  • 4.6 Threat of rivalry

  • 4.7 Market condition

5 Market Segmentation by Technology

  • 5.1 Market segments

  • 5.2 Comparison by Technology

  • 5.3 RFID - Market size and forecast 2021-2026

  • 5.4 Biometrics - Market size and forecast 2021-2026

  • 5.5 Market opportunity by Technology

6 Customer Landscape

  • 6.1 Customer landscape overview

7 Geographic Landscape

  • 7.1 Geographic segmentation

  • 7.2 Geographic comparison

  • 7.3 North America - Market size and forecast 2021-2026

  • 7.4 Europe - Market size and forecast 2021-2026

  • 7.5 APAC - Market size and forecast 2021-2026

  • 7.6 South America - Market size and forecast 2021-2026

  • 7.7 Middle East and Africa - Market size and forecast 2021-2026

  • 7.8 US - Market size and forecast 2021-2026

  • 7.9 Germany - Market size and forecast 2021-2026

  • 7.10 Austria - Market size and forecast 2021-2026

  • 7.11 Canada - Market size and forecast 2021-2026

  • 7.12 Israel - Market size and forecast 2021-2026

  • 7.13 Market opportunity by geography

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers

  • 8.2 Market challenges

  • 8.3 Impact of drivers and challenges

  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview

  • 9.2 Vendor landscape

  • 9.3 Landscape disruption

  • 9.4 Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered

  • 10.2 Market positioning of vendors

  • 10.3 Biofire Technologies Inc.

  • 10.4 Identilock LLC

  • 10.5 Lodestar Works Inc.

  • 10.6 O.F. Mossberg Sons Inc.

  • 10.7 SimonsVoss Technologies GmbH

  • 10.8 Smart Gunz LLC

11 Appendix

  • 11.1 Scope of the report

  • 11.2 Inclusions and exclusions checklist

  • 11.3 Currency conversion rates for US$

  • 11.4 Research methodology

  • 11.5 List of abbreviations

About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact Technavio Research Jesse Maida Media Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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