The global gunshot detection system market size is expected to reach USD 2160 million by 2030 from USD 705 million in 2021, growing at a CAGR of 13.25% during the forecast period, 2022–2030. Increased gunfire, particularly on school grounds, has led to various security measures, such as warning people nearby and notifying authorities of the shooting's location. This is expected to drive demand for gunshot detection systems during the forecast period.
Growing investments in border security are expected to fuel market growth in the coming years. These systems can assist border security forces in detecting and preventing smuggling, infiltration, and illegal immigration attempts. Furthermore, with a minor tweak to the system, manufacturers may be able to assist law enforcement in identifying criminals and detecting illegal entries even in the absence of gunshots.
Various law enforcement agencies are currently deploying multiple tactics to combat the rising number of mass shooting incidents, opening new market opportunities for advanced gunfire detection technologies.
Advanced technologies such as artificial intelligence will combine visual and acoustic information to sense and track threats effectively. Such developments are expected to boost the market's growth in the coming years.
Drivers: The Rise in Public Shootings is Leading the Market
The number of public gun shooting are increasing in major cities in the United States. Gunshot detection technology can detect the sound and locate the exact spot of the gunshot. This system installation can be done in schools, hospitals, and universities. This demand for the safety of citizens and students can drive the gunshot detection market.
Drivers: Instant Update System
The gunshot detection technology gives a quick response to the police authority with the exact time and location where the incident took place. This updating can help authorities to action instantly. Quick update of the system can help the gunshot detector market to grow.
Drivers: Deduction in Crime Rate
As it is not possible for citizens to report each and every incidence that took place so, gunshot detection technology is an effective tool to generate comprehensive reports and reduce the number of crimes.
Restraint: The Cost of Installation can Grade the Market Down
The installation cost of gunshot detection technology is high as it demands the installation of sensors and cameras over a large area. Installation of sensors and cameras adds to the service and maintenance cost too. High installation and maintenance costs can restrain the gunshot detection system market.
Opportunity: Developing Smart Cities Demanding Gunshot Detection System
Future smart cities are expected to use the latest technology to improve security. Gunshot detection is one of the technologies that is assist cities in improving civilian security services.
For gunshot investigations, these systems provide forensic evidence to law enforcement and security firms.
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Installation type, system type, and application have all been used to segment the global gunshot detection system market. The gunshot detection system market has been divided into indoor and outdoor segments based on installation. The market has been divided into fixed systems, vehicle-mounted systems, and portable systems based on system type. The gunshot detection system market has been divided into two categories based on application: homeland and defense.
The Developing Smart Cities in the Asia Pacific are Expected to Hold a Significant Market Share
The Asia Pacific is expected to hold a significant market share, owing to growth in countries such as China, India, and Southeast Asia. Developing projects for smart cities in this region has contributed significantly to market growth. In Asia-Pacific, Thailand has the highest firearm death rate. In the LEMEA region, there has been a noticeable shift toward safe cities, which has created an opportunity for gunshot detection systems.
Some of the noteworthy gunshot detection system market participants are.
20 April 2022: New Partnership between PT Len Industry and Thales Set to Revolutionise Indonesia's Defence Sector.
16 December 2021: Airobotics and Shotspotter have teamed up to provide integrated gunshot detection and real-time aerial video in Israel, helping to save lives and deter crime.
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* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
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* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now