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These four trends are shaping the gun industry
  + stars: | 2023-08-27 | by ( Stefan Sykes | ) www.cnbc.com   time to read: +7 min
Here are four trends that are shaping the gun industry today:Market normalizationSeveral companies in the gun market are slowing down production and slashing prices as they combat material cost increases and waning demand for their weapons. Gun sales typically see a spike during presidential elections, Dionisio added. Investors in Biofire include venture capitalist Ron Conway and Peter Thiel's Founders Fund Biofire's smart gun comes as gun manufacturers increasingly look for different materials and technologies to make their products more appealing to consumers. "Smart guns can ensure that guns are accessible by their owners and no one else," said Nick Suplina, senior vice president for law and policy at Everytown, who has tested Biofire's smart gun. First-time gun purchasers during the pandemic, according to the study, were younger than previous, pre-pandemic U.S. gun owners.
Persons: Spencer Platt, Smith, Sturm, NSSF, Rommel Dionisio, Mark Smith, Christopher J, Killoy, Capital's Dionisio, Dionisio, Kai Kloepfer, Kloepfer, Biofire, they'll, Ron Conway, Peter Thiel's, Mark Oliva, Oliva, Nick Suplina, Matthew Miller, NORC, NSSF's Oliva Organizations: Getty, Wesson, Ruger, Company, Smith, Shooting Sports, Aegis Capital, CNBC, Smith & Wesson, Ruger & Company, Fund, Shooting Sports Foundation, Gun Safety, University of Chicago, America Locations: Monroe , Pennsylvania, U.S, Biofire, it's
[1/3] A prototype of the Biofire Smart Gun is seen at Biofire Technologies headquarters in Broomfield, Colorado, U.S., April 18, 2022. Biofire's gun can also be enabled by a fingerprint reader, one of several smart gun features designed to avoid accidental shootings by children, reduce suicides, protect police from gun grabs, or render lost and stolen guns useless. That could make it the first commercially available smart gun in the United States since the Armatix briefly went on sale in 2014. At least two other American companies, LodeStar Works and Free State Firearms, are also attempting to get a smart gun to market. Many gun enthusiasts have become skeptical of smart gun technology, concerned it will fail when a weapon is needed for self-defense at a moment's notice.
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