According to a recent report published by Allied Market Research, titled, “North America Gunshot detection Market by Product, Application, and Installation: North America Opportunity Analysis and Industry Forecast, 2022–2031,” the North America Gunshot detection market was valued at $276 million in 2021, and is projected to reach $646 million by 2031, registering a CAGR of 9.1%.
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U.S. dominated the North America gunshot detection market share in 2021, owing to increase in R&D activities; technological developments by key players; rapid adoption of innovative technologies in making reliable, safe, and secure gunshot detection solutions. The mass shootings are on the rise in the North American region and consequently, the demand for gunshot detection systems is growing significantly, especially in the U.S. Leading players are adopting several strategies such as business expansion, product launch, contract, and partnership to offer advanced solutions and services for improving the safety of the citizens. For instance, in March 2022, Viisights (a leading innovator of behavioral recognition systems for real-time video intelligence), and Eagl Technology, a key player of gunshot detection and lockdown systems entered into partnership to produce and deploy exceptional video understanding technology designed to spot armed individuals and provide instantaneous alerts.
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Gunshot detection is quite helpful for police in order to handle the rise in shooting instances. Police officers could be notified in under a minute of the gunfire location, number of shots fired and number of shooters. In 2020, the Colorado Springs Police Department implemented a gunshot detection system that helps officers locate shots fired. In addition, Grand Rapids Police officials urged the city leaders to use $500,000 of coronavirus relief funds to purchase ShotSpotter, the gunshot detection software.
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COVID-19 Impact Analysis
The COVID-19 impact on the North America gunshot detection market is unpredictable, and is expected to remain in force for a few years. Security experts in the North American region face a special problem as a result of COVID-19 and its unavoidable repercussions. The police have had to adjust to new internal and external threats and fast changing workplace conditions. Fears pertaining to declining economy and increase in unemployment is expected to create violent disruptions and crimes. To prevent any mishap, the Federal Bureau of Investigation conducted 3.7 million background checks for firearm purchases during March 2020 alone. With current trends set to continue, ensuring security investments depend on the adoption of gunshot detection technology. The rise in demand for gunshot detection systems amid COVID-19 is expected to support the growth of the market over the years.
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Key Findings Of The Study
- By product, the outdoor segment is expected to register a significant growth during the forecast period.
- On the basis of application, the homeland security segment is anticipated to exhibit significant growth in future.
- On the basis of installation, the vehicle mounted system segment is anticipated to exhibit significant growth in future.
- Country-wise, Mexico is anticipated to register the highest CAGR during the forecast period.
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