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Gunshot Detection System Market

Gunshot Detection System Market By End-User (Homeland, Security Military), By Product Type (Indoor, Outdoor), By Installation Type (Fixed System, Portable System, Vehicle Mounted System), by Regions and Global Forecast 2022-2028

Report Id: SNS/A&D/1657 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Gunshot Detection System Market Size was valued at USD 664.29 million in 2021 and US$ 736.69 million in 2022, expected to reach USD 1370.50 million by 2028, and grow at a CAGR of 10.9% over the forecast period 2022-2028.

The Gunshot Detection System Market has been expanding recently as countries prepare to make modifications to their defensive and offensive systems. Despite the fact that the market is a narrow section of individuals, the systems employed for the market have witnessed high demand in recent years. These devices enable law enforcement and defence personnel to pinpoint the source of gunfire. Gunshot Detection Systems aid in boosting situational awareness between two parties during a conflict or weapon engagement. Although there have been no major wars on a global scale, guerrilla warfare and local battles have been common.

Gunshot Detection System Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Terrorism threat increases

  • Rising application area

RESTRAINTS:

  •  Gunshot detection system has High installation cost in cities

  • These systems are costly because they necessitate the installation of a large number of spatially distributed sensors over a vast area. The upkeep of these systems is an added cost.

OPPORTUNITIES:

  • Gunshot detection systems are becoming increasingly important in smart cities.

  • Gunshot detectors use digital microphones put on buildings and streets to record gunshot evidence, offer near-instantaneous warning, and triangulate the location of shooters and the direction of a shot.

CHALLENGES:

  • The aviation industry is facing economic issues as a result of COVID-19.

  • New installations for GDS systems have been badly impacted and are experiencing a slowdown.

THE IMPACT OF COVID-19

The outbreak of COVID-19 has led to significant economic challenges in the detection industry in both the commercial and military sectors. The military sector has seen a reduction in government spending on equipment, while the introduction of a firearms identification system for new projects and the addition of new miles to existing projects has been significantly reduced.

The commercialization of the GDS is the most affected compared to military applications. There have been extensive travel restrictions, affecting the suspension of all project management activities and the implementation of GDS programs. New installations of GDS systems have been severely affected and are subject to decline. New areas added i.e the addition of new miles under existing contracts and new GDS installation contracts has dropped significantly. COVID19 and restrictions such as roadblocks and restrictions imposed by it, regional authorities of various municipalities and governments have significantly reduced customer engagement which has affected Q2 profits for most GDS commercial suppliers. There is expected to be a slight decrease in the implementation of the commercial GDS, and these conditions will apply until the end of 2020.

During the forecast period, the commercial market share of the gun acquisition program is estimated to grow rapidly. The need for greater security in future smart cities is driving the market for gun acquisition programs. Large-scale deployments of gunshot detection systems have occurred in cities across North America and parts of Europe in the previous three to five years. Gunshot detection systems are installed on armoured vehicles, soldier wearable, border crossings, and military facilities in buildings and bases, among other places. Defense systems are designed to pinpoint the source of a gunshot and provide information for counter-offensive plans. the static portion is expected to grow at the highest CAGR at the time of forecasting. The global market is dominated by the automotive component and the market size of GDS programs in automotive applications will grow with the increasing demand for armed vehicles from military countries.

Due to the presence of numerous sensor manufacturers and accompanying software providers, the market for gunshot detection systems is slightly fragmented. ACOEM Group, Shot Spotter Inc., Raytheon Technologies Corporation, Rheinmetall AG, and Thales Group are some of the key participants in the gunshot detection systems industry. Raytheon Technologies Corporation is a major provider of gunfire detection systems to the United States military, whereas Shot Spotter Inc. is a prominent distributor of gunshot detection systems to the civilian sector. Shot Spotter develops and sells licence civilian versions of Raytheon's gunshot detecting systems. In addition, the companies are working on new and sophisticated gunshot detection systems that can identify rounds fired at cheaper costs and with greater efficiency.

MARKET KEY PLAYER

Acoem Group, and Thales Group, SST, Inc., Raytheon, QinetiQ North America, Shooter Detection Systems LLC., and other players.

KEY MARKET SEGMENTATION:

by End-User

  • Homeland

  • Security Military

by Product Type

  • Indoor

  • Outdoor

by Installation Type

  • Fixed System

  • Portable System

  • Vehicle Mounted System

Gunshot Detection System Market Segment Chart

REGIONAL ANALYSIS:

During the projection period, the US gunshot detection system market is expected to develop at the fastest CAGR. Increased gun ownership in the United States, as well as illegal arms sales, have increased to the threat of gunfire-related incidents. The rise in gun-related deaths and homicides is a major source of concern. The North American gunshot detection system market is predicted to expand due to the high number of firearm-related deaths in the region, particularly in the United States, where the rate of death from firearms is 25 times higher than in other countries Over the next ten years, major US cities plan to deploy indoor gunshot detection systems at universities, business offices, and financial institutions, among other areas.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Gunshot Detection System Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 664.29 Million
Market Size by 2028 US$ 1370.50 Million
CAGR CAGR of 10.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By End-User (Homeland, Security Military)
• By Product Type (Indoor, Outdoor)
• By Installation Type (Fixed System, Portable System, Vehicle Mounted System)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Acoem Group, and Thales Group, SST, Inc., Raytheon, QinetiQ North America, Shooter Detection Systems LLC., and other players.
DRIVERS • Terrorism threat increases
• Rising application area
OPPORTUNITIES •  Gunshot detection system has High installation cost in cities
• These systems are costly because they necessitate the installation of a large number of spatially distributed sensors over a vast area. The upkeep of these systems is an added cost.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

 

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8.Gunshot Detection System Market, by End-User

8.1 Homeland

8.2 Security Military

 

9. Gunshot Detection System Market, by Product Type

9.1 Indoor

9.2 Outdoor

 

10.Gunshot Detection System Market, by Installation Type

10.1 Fixed System

10.2 Portable System

10.3 Vehicle Mounted System

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12 Company Profiles

12.1 Raytheon Company

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Shooter Detection Systems LLC.

12.3 Thales Group

12.4 ACOEM Group

12.5 ELTA Systems Ltd.

12.6 Tracer Technology Systems, Inc.

12.7 Safety Dynamics, LLC.

12.8 SST (ShotSpotter), Inc.

12.9 Battelle Memorial Institute

12.10 Louroe Electronics

 

13 Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14 Conclusion

 

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Secondary Research

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