Gunshot Detection Market


Posted March 5, 2021 by sandycool

Gunshot Detection Market was estimated to be worth $ 594 million in 2020 and is expected to reach $ 979 million by 2025 and develop with a CAGR of 10.5% from 2021 to 2026.
 
Gunshot Detection Market was estimated to be worth $ 594 million in 2020 and is expected to reach $ 979 million by 2025 and develop with a CAGR of 10.5% from 2021 to 2026.

Gunshot detection technologies, also known as gunshot locators, are systems that are used to detect and transmit the locations of shots fired at a distance. This is done using acoustic or optical sensors, as well as a combination of such sensors.

The increased incidence of gunfire, especially at school premises, led to various security measures, such as warning people nearby and alerting authorities at the shooting site. This has resulted in an increasing demand for gunshot detection systems over the last few years.

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Increased investment in border security is also likely to drive market growth in the coming years as these systems can help border security forces detect and prevent any attempted smuggling, infiltration, and illegal immigration. Additionally, with a small modification to the system, manufacturers can help forces identify perpetrators and detect illegal entries even in the absence of gunfire.

COVID-19 impact on Gunshot Detection Market:

Major players in the Gunshot Detection Systems market such as SST, Inc. (US), Raytheon (US), QinetiQ North America (US), Shooter Detection Systems, LLC. (United States), Acoem Group (France) and Thales Group (France) have extended their activities in various countries, including North America, Europe, Asia-Pacific, Middle East, Africa and South America. Coronavirus has had an immense impact on their businesses with the lockdown measures in several nations to curb the spread of this virus among people. Industry experts estimate that COVID-19 could affect the production and services of gunshot detection systems by 7% to 10% globally in 2020.

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The rapid spread of coronavirus in Europe, the United States and Asia-Pacific has resulted in a significant drop in the demand for gunshot detection systems (GDS) globally, with a corresponding reduction in revenues for various GDS providers and service providers across the world markets due to delays in delivery and shutdown of production, limited personnel in manufacturing facilities, and less availability of equipment. Global demand for GDS is supposed to fully recover by 2022, according to industry experts.

Recent Developments:

In 2017, a gunman opened fire on an outdoor country music concert, killing around 58 people and injuring more than 850 people. In addition, easier installation of these systems on pillars, walls, poles, lampposts and buildings, among others, is expected to further increase the segment's share.

In 2018, ShotSpotter Inc. and the Chicago government signed a multi-year agreement to expand their shot detection coverage worth $ 23 million.

In 2019, the Scientific and Industrial Research Council (CSIR) introduced an optical missile detection and fire detection system, which uses an infrared camera with proprietary optical sensors to perform operations.

In 2019, the Columbus government and police announced the expansion of their gunshot detection systems in Linden.

Market Growth and Trends:

The outdoor segment should see strong growth in the gunshot detection market in the coming years. In 2018, the outdoor segment represented a significant share compared to the indoor segment. However, the indoor fragment is expected to post the highest CAGR during the outlook period. This is mainly due to the increased incidence of shootings at school facilities over the past two years, which may force these institutions to strengthen their security perimeter by installing indoor shooting detection systems in the coming years.

Market Drivers and Limitations:

The main factor driving the global gunshot detection market is the increasing incidence of gunshots in public places such as hospitals, schools, and subway/rail stations. Terrorism around the world and other violent activities in public places are prompting national security forces to adopt gunshot detection technologies to alleviate the number of victims at the shooting scene. In addition, cross-border shootings around the world are also encouraging defense forces to install gunfire detection systems at borders. This factor is also driving the global gunshot detection market.

Gunshot Detection Market Segmentation:
Product types
Installation types
Components
End-users
Geography
Regional Analysis:

Geographically, the gunshot detection market is spread across the areas of

North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
North America and Europe are the main regions of the gunshot detection market in the current scenario, which are supposed to offer lucrative opportunities in the foreseen years.

Key market players:

Major players operating in the global gunshot detection market include Thales Group (France), Rafael Advanced Defense Systems Ltd. (Israel), QinetiQ Group (US), Raytheon Company (US), Safety Dynamics (USA), Rheinmetall AG (Germany), Tracer Technology Systems, Inc. (USA), Shooter Detection Systems LLC (USA), ELTA Systems Ltd. (Israel) and Information Systems Technologies, Inc. (United States).
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Last Updated March 5, 2021