Gunshot Detection System Market size will see noticeable growth over 2023-2032 mainly driven by the rising incidences of shooting at different places, including schools, universities, and public spaces, along with the growing prevalence of crimes and murders worldwide. According to credible statistics, an estimated 2,000 people worldwide are injured by gunshots every single day and nearly 500 people die every day from gun violence.
Gunshot detection technology refers to a system that leverages outdoor acoustic sensors to automatically identify, verify, and alert police officials about the times and location of shots fired. Surging investments in border security would further augment the gunshot detection system market demand over 2023-2032 as these systems can extend help to border security forces to detect and avert any attempt of illegal immigration, infiltration, or smuggling.
Moreover, surging adoption of these systems by various law enforcement agencies, particularly across North American economies, would also highlight growth prospects.
Furthermore, recent sociopolitical conflicts between countries have also caused a spike in need for robust technologies, which has been favorable for the product landscape. Notably, during the Russia-Ukraine war, the Russian military developed a smartphone app to locate Ukrainian artillery based on a World War I technology.
A prominent factor impeding the growth of gunshot detection system market throughout the analysis period is the high costs associated with the installation of these devices across different end-user sectors.
However, advancements in technologies being used in these systems are expected to provide significant growth curve to the gunshot detection system industry over the foreseeable time frame.
On the basis of product, the indoor segment is projected to garner a substantial market share by 2032. The mounting incidences of gunfire and shootouts in indoor spaces, including schools, malls, private and government buildings, have led to a rise in the demand for indoor gunshot detection systems, thereby offering a positive boost to the gunshot detection system market statistics. In this architecture, an indoor gunshot detection system is paired with AI engines to enable a new generation of systems that leverage the cloud to process and analyze their signals, mitigating the need for additional overhead hardware. In addition, this eliminates the need for human involvement for monitoring, thus reducing the overall cost.
Based on installation, the gunshot detection system industry from the fixed installation segment would observe significant growth. The surge in the segment remuneration can be credited to the upgradation in the safety system of current infrastructures of schools, universities, and military. Fixed gunshot detection systems employ acoustic sensor node technology to track a gunshot occurrence. For military application, these systems are mounted on walls, poles, or border crossings.
Regionally, the Europe gunshot detection system market is anticipated to record stellar growth in the ensuing years owing to the rising shooting rate across the region, particularly in countries like France and Sweden, among others. A report by BRA cites that Sweden has taken over Italy and other eastern European countries to become the only European nation to record soaring shootout incidences in the region due to the violent activities of different criminal gangs. Besides, firearms ownership in the region due to illegal practices and rising crime rate is further pushing the adoption of gunshot detection systems, driving the regional market expansion.
Key players functioning in the global gunshot detection system market include ShotSpotter Inc, Safran Electronics and Defense SAS (Safran), Raytheon Company (Raytheon Technologies), Tracer Technology Systems, Inc, and others. These firms engage in different organic strategies for growth management that enable them to gain a competitive edge in the marketplace.