Gunshot Detection System Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global Gunshot Detection System Market size is projected to reach a CAGR of 9.7% from 2023-2030.

A typical gunshot detection system uses a series of acoustic sensors to detect and transmit the firing position of gunshots. These systems can be used by internal security agencies, law enforcement agencies, and the military to detect shootings. The system can be installed in high-security buildings, strategic facilities, and other areas to accurately warn about potential enemy fires. In addition, the gunshot detection system uses acoustic detection technology to identify and report gunshots to the police within seconds of being fired. A gunshot detection system consists of a sensor that detects gunshots, a transmitter that sends a message to a police control center, and a computer that receives & displays the message.

The growth of gunshot detection systems is driven by factors such as a surge in the adoption of IoT, a rise in incidences of shooting, and an increase in the utilization of gunshot detection systems are expected to propel the gunshot detection market growth. Moreover, security in new smart cities and a rise in the adoption of wearable gunshot detection devices in North America are anticipated to provide growth opportunities for the gunshot detection system market during the forecast period.

On the other hand, high costs associated with gunshot detection and incorporating sensors in devices incur extra value and reduce the life of the device which will hamper the growth of the market.

COVID-19 hurt the gunshot detection system market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for the gunshot detection system. The supply chain got hampered during the pandemic along with delayed logistics activities. However, the gunshot detection system market is expected to regain its pace during the post-pandemic scenario due to the easing of the restrictions.

Delvens Industry Expert's Standpoint

The adoption of IoT and the increasing use of gunshot detection systems are expected to fuel the growth of the gunshot detection market, with a rise in shooting incidents being a significant contributor. The commercial segment is predicted to see the highest growth rate during the forecast period. The demand for enhanced security in modern smart cities is one of the driving factors behind the growth of the gunshot detection system market, as businesses and institutions seek to protect themselves and their assets.

The market growth may be impeded by the high costs related to gunshot detection and sensor integration in devices, which can increase the device's cost and decrease its lifespan.

Market Portfolio

Key Findings

• A typical gunshot detection system uses a series of acoustic sensors to detect and transmit the firing position of gunshots. These systems can be used by internal security agencies, law enforcement agencies, and the military to detect shootings. The system can be installed in high-security buildings, strategic facilities, and other areas to accurately warn about potential enemy fires. In addition, the gunshot detection system uses acoustic detection technology to identify and report gunshots to the police within seconds of being fired. A gunshot detection system consists of a sensor that detects gunshots, a transmitter that sends a message to a police control center, and a computer that receives & displays the message.
   
• Growth of gunshot detection systems is driven by factors such as a surge in the adoption of IoT, a rise in incidences of shooting, and an increase in the utilization of gunshot detection systems are expected to propel the gunshot detection market growth.
   
• The application segment is further fragmented into Commercial and Defense. The commercial segment is projected to grow at the highest CAGR during the forecast period. The demand for increased security in futuristic smart cities is a factor driving the gunshot detection system market. Defense utilization of gunshot detection systems involves installation on armored vehicles, soldier wearables, border crossings, and for military installations at buildings and bases, among others. Defense systems are focused on the localization of gunshot origin and providing information for counter-offensive strategies.
   
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The North American region is expected to lead the gunshot detection system market. Growth in gun ownership in the US and illegal arms sales have contributed to the threat of gunfire-related incidents. The rise in deaths or homicide incidents due to the use of guns is a major concern. The gunshot detection system market in North America is expected to witness growth, owing to the high number of firearm-related deaths in the region, especially in the US where the firearm-related death rate is 25 times higher than in other countries.

Regional Analysis

North America to Dominate the Market

• The North American region is expected to lead the gunshot detection system market.
   
• Growth in gun ownership in the US and illegal arms sales have contributed to the threat of gunfire-related incidents. The rise in deaths or homicide incidents due to the use of guns is a major concern. The gunshot detection system market in North America is expected to witness growth, owing to the high number of firearm-related deaths in the region, especially in the US where the firearm-related death rate is 25 times higher than in other countries.

Competitive Landscape

• ShotSpotter Inc
• Safran Electronics and Defense SAS (Safran)
• Raytheon Company (Raytheon Technologies)
• Tracer Technology Systems, Inc
• THALES
• The QinetiQ Group
• ACOEM Group

Recent Developments

• Memphis Police Department stated that it is implementing ShotSpotter technology across 3 square miles in the Orange Mound area in April’2021. The implementation aims to combat the increasing problem of gun violence. This technology utilizes a series of small audio sensors deployed high up on top of light posts and buildings.
   
• Thales UK acquired a contract to supply protection and surveillance systems for Boxer 8×8 armored vehicles of the British Army in February’2021. Thales UK will supply 500 Acusonic shot detection systems coupled with the same number of RWS for the fleet as part of the contract.

Reasons to Acquire

• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
   
• Gain authentic and granular data access for Gunshot Detection System Market to understand the trends and the factors involved in changing market situations.
   
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
   
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope