Gunshot Detection System Market - Size, Trends, Region, Share, Growth and Industry Forecast to 2023

Global Gunshot Detection System Market Research Report — Forecast till 2023

Global Gunshot Detection System Market Research Report: Information by Installation Type (Fixed System, Portable System, Vehicle Mounted System), by Product Type (Indoor, Outdoor), by End-User (Homeland Security, Military), and by Region — Forecast till 2023

Gunshot detection systems play a critical role in the reduction of the number of incidents of mass gunfire shootings, globally. Such systems also help reduce the number of casualties, during such incidents. As a result, a number of law enforcement agencies, across the globe, are engaging on the deployment of various solutions so as to curb the occurrence of such violent incidents. Therefore, the global gunshot detection system market is expected to witness a CAGR of approximately 20%, during the forecast period.

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The gunshot detection systems employ the acoustic and optical sensors, or a combination of the two technologies, to detect and trace the locations of a gunshot. However, since the acoustic and optical sensors are expensive, the cost of the gunshot detection systems increase considerably. As a result of the high costs of such systems, the homeland security officials along with the defense authorities of the developing countries, fall short in the adoption of these technologies, which adversely affects the market growth. Moreover, there are other issues associated with these sensor technologies such as the instances of undetected gunfire and false alarms, which limit the end users from incorporating these technologies into the gunshot detection systems. Such factors also inhibit the market growth.

Segmentation:

The Global Gunshot Detection System Market has been segmented by installation type, product type, end-user, and region. Based on installation type, the gunshot detection system market is divided into fixed systems, portable systems, and vehicle mounted systems. In 2017, the fixed system segment accounted for the largest market share, and it is expected that the portable system segment would witness the fastest market growth, during the forecast period.

Based on product type, the gunshot detection system market is divided into indoor and outdoor. In 2017, the outdoor segment accounted for the largest market share and it is also expected to witness the fastest market growth, during the forecast period. Based on end-user, the gunshot detection system market is divided into homeland security personnel and military forces. In 2017, the military segment accounted for the largest market share and it is expected that the homeland security segment would witness the fastest market growth, during the forecast period.

Regional Analysis:

On the basis of region, the global gunshot detection system market is segmented as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. In 2017, North America dominated the global market due to the large sales of the personal firearms in the US, in particular, in the recent years. As a result, the gunfire-related incidents have become a major concern for the country’s government. Therefore, the government has started the allocation of funds and is putting emphasis on the deployment of the gunshot detection systems. For example, in May 2018, ShotSpotter, a US-based company, signed a contract with the Chicago law enforcement department, to expand the coverage area of gunshot detection solutions, for the law enforcement agency.

In Europe, the market growth is majorly driven by countries such as the UK, Germany, and France. Moreover, the presence of the companies such as Rheinmetall AG, Thales Group, Qinetiq, and ACOEM Group in the region, further results in the growth of the market. In addition, in the recent years, there have been several terror attacks in countries such as France, Turkey, UK, Spain, and Russia, which result in a considerable growth in the regional market.

Asia-Pacific is expected to witness the fastest growth, across the globe, significantly driven by the increasing terror attacks and border threats in countries such as China, India, Pakistan, Japan, and South Korea. As a result, the defense authorities of the above-mentioned countries are focused on preventing such shooting incidents and reducing the number of casualties. Therefore, it is expected that the market in the Asia-Pacific would grow at the fastest pace, during the forecast period.

Similarly, in the Middle East & Africa, the market growth is significantly driven by the increasing terror attacks in countries such as Syria, Iraq, Libya, and Yemen, among others. Moreover, there has been a steep rise of the violent incidents in the Middle East & North Africa (MENA) countries in the recent years, which result in the increase in sales of the gunshot detection systems in the region.

Concurrently, there have been increasing drug war incidences in Latin America, in the recent years, particularly in countries such as Mexico and Colombia, that has resulted in the market growth in the region. As a result, it is expected that there would be a significant rise in the demand for the gunshot detection systems in Latin America.

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Key Players:

The key players in the global gunshot detection system market are Raytheon Company (US), Thales Group (France), ACOEM Group (France), SST (ShotSpotter), Inc. (US), Shooter Detection Systems LLC. (US), Battelle Memorial Institute (US), Louroe Electronics (US), ELTA Systems - Israel Aerospace Industries Ltd. (Israel), Tracer Technology Systems, Inc. (US), Rheinmetall AG (Germany), Qinetiq (UK), and Safety Dynamics, LLC (US).

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