Global Gunshot Detection System Market
The global gunshot detection systems market is segmented by application into military and law enforcement. Among these segments, the law enforcement segment registered the highest market share in the year 2019. The military segment, on the other hand, is forecasted to grow with a CAGR of around 20% during the forecast period, backed by the growing demand for individual gunshot detector systems for use by military personnel, along with the rising need to save the lives of personnel during a warfare.
The market is further segmented by product type into indoor and outdoor. Among these segments, the outdoor segment held the largest market share in 2017. Outdoor gunshot detection systems are employed by both law enforcement agencies as well as the defense sector to minimize mass killing. These equipment are also used to determine the direction of incoming enemy gunfire by the military.
The market is also segmented by installation into fixed, wearable and vehicle mounted installations. Among these segments, the fixed installation segment held the largest market share of close to 75% in the year 2017. Fixed gunshot detection systems are deployed at a fixed or temporary location depending on the requirement of end-user. The sensors that are equipped within these systems are usually installed at a certain height including tall walls, posts and rooftops to cover a wide-ranging network.
A gunshot detection system, also known as gunshot locators or shooter detection systems, are systems that detects and conveys the location of gunfire or any other weapon. These systems work by accurately and reliably detecting live ammunition (gunshots), with the help of acoustic, optical, or any other type of sensors, as well as a combination of these sensors. They are used for various applications such as for the military, law enforcement, and security agencies in order to facilitate the identification of the direction of gunfire, the source, and on some occasions, the type of weapon fired. The notification alerts generated by the gunshot detection systems are displayed on an assigned computer screen within a security control room for investigation and action by a person or integrated security system.
The global gunshot detection systems market is thriving on account of the numerous benefits associated with gunshot detection systems, along with the growing demand for such technologies in smart cities around the world. The safety and security agencies in the urban areas are rapidly deploying numerous security and innovative features to improve the core city services. Moreover, with the growing need for smart city solutions worldwide, along with the growing integration of internet of things (IoT) and other information and communication technologies, so as to control a city’s assets are some of the additional factors anticipated to promote the growth of the global gunshot detection systems market in the coming years. The global gunshot detection systems market is further forecasted to touch a market revenue of nearly USD 1900 million by the end of 2021.
Growth Highlights based on Region
The global gunshot detection systems market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among the market in these regions, the market in North America is projected to hold the largest share of close to 60% in the year 2021. The growth of the market in the region can be attributed to the high number of firearm-related deaths in the region, especially in the US where the firearm-related death rate is 25 times higher than other countries. According to the statistics by the Centers for Disease Control and Prevention (CDC), firearm mortality in the United States grew from 30540 numbers in 2005 to 39566 numbers in 2019. Additionally, stringent regulatory policies and schemes that raises the requirement for the installation of such systems are further anticipated to drive the market growth in North America. The market in the region is further forecasted to grow with a CAGR of nearly 24% during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT
On the other hand, the gunshot detection systems market in the Europe is projected to grow with a CAGR of around 20% during the forecast period. The market in the region is primarily driven by nations, such as Germany, France, Russia and the U.K. Moreover, the market for gunshot detection systems in the U.K. is projected to grab a share of nearly 30% in the year 2025. The growth of the market in the nation can be attributed to the presence of numerous cities, such as Birmingham, Sheffield, Bristol and others, where the crime rates are usually very high.
The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
Increasing Cases of Weapon Related Fierceness in Public Places and the Need for Security in Smart Cities to Drive the Growth of the Global Gunshot Detection Systems Market
Weapon related fierceness are devastating these days worldwide. Unfortunately, these incidents of violence are increasing rapidly and are many a times unreported too. Therefore, it has become essential for state and local law enforcement agencies to deploy solution that can detect/prevent such cases in the future. Moreover, rising incidences of attacks in public premises, such as schools and government institutions among others, are raising the need for the deployment of gunshot detection systems. Additionally, with the increasing number of smart cities globally, and the need to safeguard the assets of the cities, are raising the need for the deployment of numerous advanced security and innovative devices that can promote enhanced livability for citizens. Such factors are anticipated to drive the growth of the global gunshot detection systems market in the coming years.
High Deployment Costs of Gunshot Detection Systems to Hamper Market Growth
Although, gunshot detection systems were designed primarily for use by the military, but with the increase in mass shooting incidences in public places in the recent years has raised the need for the deployment of these equipment extensively in public places. However, the cost of deployment of gunshot detection systems are very high, which is one of the major factors anticipated to lower the market growth. Also, these systems are based on acoustic detection technology, which are known to be highly susceptible to other similar sounds, such as cracker burst and loud sounds. Hence, the fear of having a false alarm, which further creates unnecessary events, and thereafter wastage of resources, is anticipated to hamper the market growth during the forecast period.
Some of the prominent players in the global gunshot detection systems market are ShotSpotter, Inc., Shooter Detection Systems (SDS), Raytheon Technologies Corporation, AmberBox, Inc., Louroe Electronics, Safety Dynamics, Inc., Microflown AVISA, Rheinmetall AG, QinetiQ Group, and Databuoy Corporation. Further, as the market is highly consolidated and competitive in nature, hence, the companies operating in the gunshot detection systems market are increasingly focusing on to develop advanced technologies so as to enhance their product portfolio and stay ahead in the competition in the coming years.
December 22, 2022: ShotSpotter, Inc. announced that it has received contract with seven cities in the United States for the deployment of its flagship gunshot detection solution, ShotSpotter Respond.
September 9, 2019: Shooter Detection Systems (SDS) announced the launch of wireless/battery-powered gunshot detection sensor in its portfolio of Guardian Indoor Active Shooter Detection System product line. The patent pending product is equipped with infrared and acoustic gunshot detection technology and is known to be one of the best gunshot detection system products for schools, sports stadiums and other public and private institutions.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Numerous benefits of gunshot detection systems, along with the growing need for advanced security systems in smart cities on account of rising incidences of weapon related fierceness, are some of the major factors driving the market growth.
Ans: The market is anticipated to attain a CAGR of close to 20% over the forecast period, i.e., 2018-2025.
Ans: The major companies in the market are ShotSpotter, Inc., Shooter Detection Systems (SDS), Raytheon Technologies Corporation, AmberBox, Inc., Louroe Electronics, Safety Dynamics, Inc., and others.
Ans: The company profiles are selected based on the revenues generated from segments, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The gunshot detection systems market is segmented by product type, installation, application, and by region.
Ans: The military segment is anticipated to grow with a CAGR of around 20% during the forecast period, backed by the rising demand for individual gunshot detector systems and the need to lower the deaths of military personnel amidst warfare.
Ans: The market in Europe is primarily driven by nations such as Germany, Russia and the U.K. Out of these, the market in U.K. is projected to grab nearly 30% share in the year 2025, owing to high crime rates in cities such as Birmingham, Sheffield, and others