The ”global gunshot detection market ” was valued at $0.58 billion in 2021, and is projected to reach $1.2 billion by 2031, growing at a CAGR of 7.9% from 2022 to 2031.
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The gunshot detection system market is a major market associated with the defense and civil sector. 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 the shooting. 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.
Rise in utilization of gunshot detection systems
The data in real-time and provides it to the police agency. For instance, in June 2020, ShotSpotter, Inc. won a $2.5 million contract from the Sacramento City Council for gun detection technology. This will allow the Sacramento Police Department to continue detecting shootings in three undisclosed locations through 2025. In addition, in February 2022, the California city of Pasadena approved the use of the ShotSpotter system at various locations around the city to analyze sounds and pinpoint the exact location of gunshots.
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Growth of gunshot detection system rise in incidences of shooting, and increase in utilization of gunshot detection systems are expected to propel the gunshot detection market growth. However, high costs associated with gunshot detection and incorporating sensors in devices incur extra value and reduce the life of the device.
Rise in incidences of shooting
according to the Everytown Research organization’s report, between 2009 and 2020, a total of 1,363 people in the U.S. were killed and 97 others injured in 20 mass shootings, an average of 20 shootings per year. These numbers are staggering, as they represent only a fraction of the lives permanently changed after a mass shooting has shaken communities with fear and grief.
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High cost associated to gunshot detection system
The council said it can cost up to $95.000 per square mile. As a result, most cities are hindered by gunshot detection technology due to the requirement of huge investment. Therefore, these factors are projected to hamper the growth of the gunshot detection market during the forecast period.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the gunshot detection market analysis from 2021 to 2031 to identify the prevailing gunshot detection market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the gunshot detection market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global gunshot detection market trends, key players, market segments, application areas, and market growth strategies.
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