| Product Code: ETC5841779 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of gunshot detection systems to Grenada in 2024 saw a significant increase in growth rate, with a high concentration of top exporting countries including the USA, Barbados, China, Trinidad and Tobago, and Ireland. The high Herfindahl-Hirschman Index (HHI) indicates a consolidated market. The compound annual growth rate (CAGR) from 2020 to 2024 was strong at 14.77%, with a remarkable growth rate of 48.09% from 2023 to 2024, reflecting a rising demand for advanced security technology in Grenada.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Gunshot Detection Systems Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Gunshot Detection Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Gunshot Detection Systems Market - Industry Life Cycle |
3.4 Grenada Gunshot Detection Systems Market - Porter's Five Forces |
3.5 Grenada Gunshot Detection Systems Market Revenues & Volume Share, By Installation, 2021 & 2031F |
3.6 Grenada Gunshot Detection Systems Market Revenues & Volume Share, By Solution, 2021 & 2031F |
3.7 Grenada Gunshot Detection Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Gunshot Detection Systems Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Grenada Gunshot Detection Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing incidents of gun violence in Grenada |
4.2.2 Government initiatives to enhance public safety and security |
4.2.3 Technological advancements in gunshot detection systems |
4.3 Market Restraints |
4.3.1 High initial investment costs for implementing gunshot detection systems |
4.3.2 Limited awareness and understanding of the benefits of such systems among potential users |
5 Grenada Gunshot Detection Systems Market Trends |
6 Grenada Gunshot Detection Systems Market Segmentations |
6.1 Grenada Gunshot Detection Systems Market, By Installation |
6.1.1 Overview and Analysis |
6.1.2 Grenada Gunshot Detection Systems Market Revenues & Volume, By Fixed Installation, 2021-2031F |
6.1.3 Grenada Gunshot Detection Systems Market Revenues & Volume, By Vehicle Mounted, 2021-2031F |
6.1.4 Grenada Gunshot Detection Systems Market Revenues & Volume, By Soldier Mounted System, 2021-2031F |
6.2 Grenada Gunshot Detection Systems Market, By Solution |
6.2.1 Overview and Analysis |
6.2.2 Grenada Gunshot Detection Systems Market Revenues & Volume, By System, 2021-2031F |
6.2.3 Grenada Gunshot Detection Systems Market Revenues & Volume, By Subscription-based Gunshot Detection Services, 2021-2031F |
6.3 Grenada Gunshot Detection Systems Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Gunshot Detection Systems Market Revenues & Volume, By Indoor, 2021-2031F |
6.3.3 Grenada Gunshot Detection Systems Market Revenues & Volume, By Outdoor, 2021-2031F |
6.4 Grenada Gunshot Detection Systems Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Gunshot Detection Systems Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.3 Grenada Gunshot Detection Systems Market Revenues & Volume, By Defense and Government, 2021-2031F |
7 Grenada Gunshot Detection Systems Market Import-Export Trade Statistics |
7.1 Grenada Gunshot Detection Systems Market Export to Major Countries |
7.2 Grenada Gunshot Detection Systems Market Imports from Major Countries |
8 Grenada Gunshot Detection Systems Market Key Performance Indicators |
8.1 Average response time to gun incidents |
8.2 Number of successful gun incident prevention cases |
8.3 Percentage increase in government funding for public safety technologies |
8.4 Adoption rate of gunshot detection systems by law enforcement agencies |
8.5 Number of partnerships between technology providers and government agencies for implementing gunshot detection systems |
9 Grenada Gunshot Detection Systems Market - Opportunity Assessment |
9.1 Grenada Gunshot Detection Systems Market Opportunity Assessment, By Installation, 2021 & 2031F |
9.2 Grenada Gunshot Detection Systems Market Opportunity Assessment, By Solution, 2021 & 2031F |
9.3 Grenada Gunshot Detection Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Gunshot Detection Systems Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Grenada Gunshot Detection Systems Market - Competitive Landscape |
10.1 Grenada Gunshot Detection Systems Market Revenue Share, By Companies, 2024 |
10.2 Grenada Gunshot Detection Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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