The Gunshot Detection Systems market size is projected to grow from USD 4.9 Billion in 2022 to USD 7.8 Billion by 2027, at a CAGR of 9.7% from 2022 to 2027. The growing incidents of shooting at schools, colleges, and hospitals are likely to boost the growth of the Gunshot Detection Systems s market. Apart from that, law enforcement agencies, particularly in the North American region, are increasingly using these technologies.
A Gunshot Detection Systems is a combination of sensors that detect/locate gunshot firing in an area. Acoustic system-based Gunshot Detection Systems use sensor networks deployed in the surveillance area. Sensors can differentiate other acoustic interferences in the environment by using acoustic pattern analysis. Growth in gun ownership in the US and illegal arms sales have contributed to the threat of gunfire-related incidents. Rise in deaths or homicide incidents due to the use of guns is a major concern.
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Key players offering Gunshot Detection Systems s for commercial applications include Shot spotter, Inc., (US) and Shooter Detection Systems LLC (US). Key players offering Gunshot Detection Systems s for the defense sector are Raytheon Technologies Corporation (US), QinetiQ Group (US), ACOEM Group (France), THALES (France), and Elta Systems Ltd. (Israel), among others. Contracts, partnerships, agreements, new product & service launches, mergers, and acquisitions are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the Gunshot Detection Systems market.
ShotSpotter, Inc. (US) specializes in providing solutions such as gunshot detection, alert & analysis, public safety, next generation 911 infrastructure, acoustic data analysis, and gun violence reduction. ShotSpotter, Inc. operates through 2 business segments, namely, aerospace and defence, and offers Gunshot Detection Systems s for both. It serves the US and global customers with products and technologies for defence, civil, and commercial applications.
Shooter Detection Systems, LLC (US) provides guardian indoor Gunshot Detection Systems s for school, malls, and government & private buildings. The company operate through 7 business segments namely, commercial, education, government, healthcare, hospitality, entertainment, and transportation. Shooter Detection systems has presence in north American region. The company’s gunshot detection products were developed to counter growing threats from indoor shooting incidents in schools, malls, airports, and government & private buildings, which have all experienced increased shooting incidents over the past few years.
Raytheon Technologies Corporation (Raytheon Technologies) (US) was founded with an equal merger of United Technologies Corporation (UTC) (US) and Raytheon Company (US). It is among the leading aerospace, intelligence services, and defense companies in the world in terms of revenue and market capitalization. The company develops and produces high-tech products for the aerospace and defense sectors, such as drones, satellites, guided missiles, air defense systems, aircraft engines, avionics, airport solutions and products, actuators, and aerostructure. It is a prominent military contractor, with the US Government providing a substantial amount of its revenue. It has 4 segments: Collins Aerospace, intelligence & space, missiles & defense, and Pratt & Whitney. The company operates majorly in US, Europe, and Asia Pacific.
Gunshot Detection Systems Market by Installation(Fixed Installation, Vehicle Mounted, Soldier Mounted System), End User, Solution (System, Subscription-based Gunshot Detection Services), Application and Region - Global Forecast to 2027
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