The gunshot detection market size is expected to grow from USD 594 million in 2020 to USD 979 million by 2025, at a CAGR of 10.51% during the forecast period. The major driving factors for the gunshot detection system market are the increasing incidences of shooting at schools, universities, and hospitals. Apart from this there is an increasing adoption of these systems by law enforcement agencies especially from North American region.
The major players in the gunshot detection system market include SST, Inc (US), Raytheon (U.S), Shooter Detection Systems (US), Tracer Technology (US), and QinetiQ North America (US), Thales (France) among others. These players have adopted growth strategies such as new product launches, contracts, collaborations, acquisitions, expansions & agreements, to expand their presence in the gunshot detection system market. new product launches have been the leading strategies adopted by major players from 2016 to 2019, which helped them innovate on their offerings and broaden their customer base.
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SST, Inc (U.S.), is the world leader in gunshot detection, location alerting and analysis, and its ShotSpotter solutions are the leading gunfire alerts and solutions. The company operates through two business segments, namely, aerospace and defense. The company offers gunshot detection systems for both aerospace and defense. It serves both the U.S. and global customers with its products and services for defense, civil, and commercial applications. The company has its operations in the U.S. For instance, in September 2018, SST, Inc. (US) signed a multi-year contract worth USD 23 million with the city of Chicago to cover an area spanning 12 police districts for a total of over 100 square miles for3-year with an option to extend it up to 5 years. In September 2016, SST, Inc. (U.S.) announced a new ShotSpotter mobile app designed to extend ShotSpotter Flex alerts to a new native browser user-interface, and native mobile iOS and Android platforms. The new mobile app is designed to provide situational awareness to speed up the officer’s response time and improve safety.
Raytheon BBN Technologies (U.S), subsidiary of Raytheon is one of the leading research and development centers. Raytheon BBN Technologies specializes in research and development services for quantum sensing, communications, and computing applications. It provides AVOKE Analytics, a hosted call recording/analytics solution including BBN Broadcast Monitoring System, Boomerang Air system, Boomerang III, and Boomerang Warrior-X systems. In 2014, Raytheon BBN Technologies (U.S.) received a contract from the U.S. military for delivery of 110 Boomerang III systems. In 2011, Raytheon BBN Technologies (U.S.) received a contract worth USD 54.3 million from the U.S. Army to supply 300 Boomerang III sniper-detection and perimeter defense systems to be used in operations in Afghanistan.
Gunshot Detection System Market by Application (Commercial, Defense), Installation (Fixed, Soldier Mounted, and Vehicle Mounted), Product Type (Indoor, and Outdoor), and Region (North America, Europe, Asia Pacific, Middle East) - Global Forecast to 2025
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