Applicable Markets

Market Potential

A positive forecast

Three main elements are driving the market need for HEXWAVE as a solution


In 2016 alone, 25,673 deaths were attributed to terrorism and the world economy lost an estimated USD $84B as a result of these incidents.


Increasing deployment of detectors in public spaces such as sports arenas, theatre venues and schools reduces incidents of violence.


The desire to deliver safety to the public drives market growth for threat detection.

Gun violence on the rise

Security in public spaces

With gun violence and other acts of terrorism at an all-time high across the globe, the need for improved security protocols that ensure safety in public spaces is higher than ever. In 2018 there have been over 273 mass shootings in the US on top of 346 incidents in 2017. While 20 of these mass shootings have occurred in schools, most occur in offices and retail establishments—areas where the public gathers in large numbers. The need to secure crowded places with multiple entry points is essential: sporting venues, public transit systems, and other public gathering places will continue to be vulnerable to these attacks until a new method of seamlessly protecting citizens without disrupting the flow of everyday life is deployed.

Market Opportunities

Seamless protection in high traffic spaces


276 Sports Venues
4842 Shopping Malls
536 Places of Worship
2828 Theatres
150 Major Hotels

Market Size by Region 2020 ($8B)

North America • $2.2B
Europe • $1.8B
Asia Pacific • $2.4B
Latin America • $0.6B
Middle East/Africa • $1.0B

Public Venue Market Size by 2020 ($1.01B)

North America • $0.28B
Europe • $0.27B
Asia Pacific • $0.28B
Latin America • $0.08B
Middle East/Africa • $0.10B

Market Size by Vertical Markets 2020 ($5.3B)

Public Venue • $1.0B
Secured Perimeters/Building • $2.8B
Others • $0.9B
Land Transportation • $0.6B