Gunshot Detection Systems Market Outlook 2031
The global gunshot detection systems market size was valued USD 824 million in 2022 and is expected to reach USD 2.24 billion by 2031 expand at a significant CAGR 11.8% during the forecast period, 2023–2031. The growth of the market is attributed to growing numbers of gun firing, mainly on school sites, which have led to the fixing of various security measures.
A gunshot detection system utilizes a variety of sound sensors to detect the gun shot. These frameworks can be utilized by inner security organizations, law authorization, and the military to distinguish the direction of gunfire. The framework can be fixed to high-security structures, key establishments, and radical inclined regions to provide exact warnings about conceivable threatening gunfire.
The frameworks involve a progression of acoustic as well as optical sensors introduced across high-crime regions that are aligned to differentiate high-decibel hasty sounds. At the point when a sensor is activated, the information is led to a central processing unit, which groups the information from each sensors placed nearby. The unit can locate the area of the gunfire and along these lines, it can provide exact scope and longitude arrangements. Data on the gunfire's area and type of weapon discharged is then transferred to the police division.
Gunshot Detection Systems Market Trends, Drivers, Restraints, and Opportunities
- Increasing use of advanced technologies such as artificial intelligence to combine acoustic and visual information to successfully sense and track dangers is anticipated to spur the growth of the market.
- Growing investments in border security is estimated to propel the market growth.
- Rising focus on the improvement of smart cities and increasing number of shooting cases can contribute to the market growth.
- High installation and maintenance cost of gunshot detection system can hinder the growth of the biscuits market.
- Increasing importance of gunshot detection systems in smart cities is anticipated to create lucrative opportunities in the projected timeline.
Scope of the Gunshot Detection Systems Market Report
The report on the global gunshot detection systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Gunshot Detection Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Indoor and Outdoor) and Applications (Defense and Law Enforcement & Critical Infrastructure)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
ACOEM Group; Thales Group; Raytheon Technologies Corporation; ShotSpotter, Inc.; and Rheinmetall AG
Gunshot Detection Systems Market Segment Insights
Outdoor segment to hold a significant market share
On the basis of types, the market is bifurcated into indoor and outdoor. The outdoor segment is anticipated to exhibit a high CAGR during the forecast period due to growing demand for gunshot detection systems at national highways, national borders, and private areas. Deaths linked to weapons have been growing in countries.
This, in turn, has increased the requirement for gunshot detection systems. Moreover, growing gun violence is propelling the segment growth.
Law enforcement & critical infrastructure segment to expand at a robust CAGR
In terms of applications, the market is categorized as defense and law enforcement & critical infrastructure. The law enforcement & critical infrastructure segment is estimated to grow at a rapid pace in the projected timeline. Rising demand for the gunshot detection system due to escalating criminal activities and murders in community places is driving the segment growth.
Additionally, rising demand from military agencies for utilization of the gunshot detection system at border and conflict region for safety is enhancing the growth of the market segment.
North America is anticipated to constitute a key market share
Based on regions, the market is segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a considerable share of the market during the forecast period. The interest for gunshot detectors in the region is predominant owing to rising number of people owning weapons in the US.
The global gunshot detection systems market is segmented on the basis of:
- Law Enforcement & Critical Infrastructure
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
The key players competing in the gunshot detection systems market are ACOEM Group; Thales Group; Raytheon Technologies Corporation; ShotSpotter, Inc.; and Rheinmetall AG
In April 2021, the Memphis Police Department declared that it is carrying out ShotSpotter innovation across 3 square miles in the Orange Mound region to assist in combatting the expanding issue of weapon savagery.
In February 2021, Thales UK has tied down an agreement to supply protection and surveillance systems for the British Army's Boxer 8×8 shielded vehicles.