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Gunshot Detection System Market Size
Gunshot Detection System Market will see noticeable growth over 2024-2032 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.
Surging investments in border security would further augment the demand for gunshot detection systems as they 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 the growth projections. However, the high costs associated with the installation of these devices across different end-user sectors is a prominent factor impeding the market growth to some extent.
Gunshot Detection System Market Trends
Rapid technological advancements, increasing urbanization, and growing concerns over public safety are other factors driving the market growth. With the persisting instances of gun violence, there is a heightened demand for innovative solutions to detect and respond to gunshots swiftly. The integration of AI & ML algorithms into gunshot detection systems is also enhancing their accuracy and reducing false alarms. The rise of smart cities and the need for comprehensive security infrastructure will propel the adoption of gunshot detection systems in urban areas.
Nevertheless, recent sociopolitical conflicts between countries have caused a spike in need for robust technologies, adding to the adoption of nonwoven flanges. To illustrate, during the Russia-Ukraine war, the Russian military developed a smartphone app to locate Ukrainian artillery based on a World War I technology.
Gunshot Detection System Market Analysis
On the basis of product, the market size from the indoor segment is projected to garner a substantial revenue share by 2032, backed by the mounting incidences of gunfire and shootouts in indoor spaces, including schools, malls, private and government buildings. Advancements in sensor technology and software algorithms have improved the accuracy and reliability of indoor gunshot detection systems, further fueling their adoption in various indoor settings.
Gunshot detection system industry from the fixed installation segment would observe significant growth by 2032, attributed 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. In military applications, these systems are mounted on walls, poles, or border crossings.
Regionally, the Europe gunshot detection system market is anticipated to record stellar growth by 2032, owing to the rising rate of shooting, particularly in countries like France and Sweden, among others. A report by Swedish National Council for Crime Prevention (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 due to illegal practices and rising crime rate is further pushing the adoption of gunshot detection systems, driving the regional market expansion.
Gunshot Detection System Market Share
Key players functioning in the global gunshot detection system industry include:
- ShotSpotter Inc
- Safran Electronics and Defense SAS (Safran)
- Raytheon Company (Raytheon Technologies)
- Tracer Technology Systems, Inc.
These firms are engaging in different organic strategies for growth management that enable them to gain a competitive edge in the marketplace.
Gunshot Detection System Industry News
- In June 2023, European private and public partners collaborated on the SESAR 3 JU to accelerate the delivery of the Digital European Sky in a bid to develop new technologies to manage conventional aircraft, drones, air taxis, and vehicles flying at higher altitudes.