Global Gunshot Detection System Market Leading Players Analysis, Market trend and Forecast Up To 2025: Radiant Insights, Inc

Radiant Insights, Inc.
The global gunshot detection systems market is expected to expand at a CAGR of 27.7% by 2025, finds a report available on Radiant Insights, Inc.

The global gunshot detection systems market is expected to expand at a CAGR of 27.7% by 2025, finds a report available on Radiant Insights, Inc. Demand for advanced security systems attributed to increasing crime rate globally is anticipated to propel the market over the forecast period (2018 to 2025). Gunshot detection systems offer high-tech audio sensors that can determine time and place of shooting incidents. 

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Growing adoption of advanced security systems in various industry verticals is expected to positively influence market growth. Rise in criminal activities coupled with homicide incidents can further fuel gunshot detection systems market. Rising number of shooting incidents at educational institutes is estimated to boost demand for these systems in the forthcoming years. Favorable government initiatives to enhance security measures using advanced technology can augment market expansion during the forecast period.

Most gunshot detection system manufacturers focus on Research and Development (R&D) activities to design innovative systems. For instance, an electrical engineer named Jim Skorpik at Pacific Northwest National Laboratory in Richland recently designed a gunshot sensor system. It can be installed in schools to keep students safe from gun violence. The sensor technology is licensed by EAGL Technology. The company recently installed and tested this new sensor at Hermosa Elementary School in Artesia, New Mexico. When paired with security system, the sensor can alert authorities, set off alarm, turn around camera, and lock doors during a shooting incidence. 

The worldwide gunshot detection systems market can be segregated on the basis of type, application, and region. Based on type, the market can be categorized into vehicle mounted, fixed, and portable systems. Fixed system segment is expected to dominate the market and expand at remarkable CAGR during the forecast period. Fixed gunshot detection systems use acoustic node detection technology. Such systems can be installed at specific height from ground. High security areas such as restricted military infrastructure are expected to be primary sites for installation of these type of systems. 

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Based on application, the market can be classified into homeland and defense. The homeland segment is likely to continue dominating the global market during the forecast period. The very first gunshot detection system for homeland security was installed in United States (U.S.). These systems are expected to be used primarily by law enforcement agencies. They can be installed at height of more than 30 feet above ground level at specific locations of coverage area such as streetlights, buildings, poles, walls, and others. Rising number of mass shootings at educational institutes can fuel demand in near future. 

Regional segmentation includes Europe, United States, China, Japan, India, and Southeast Asia. In North America, the market for gunshot detection systems is anticipated to expand at phenomenal CAGR during the forecast period. It is expected to witness significant growth attributed to high number of firearm based deaths. In U.S., firearm related deaths are said to be 25 times higher than any other country. Major cities in U.S. are likely to install indoor gunshot detection systems at universities, financial facilities, corporate offices, and other places during the forecast period.

Some of the leading companies in the gunshot detection systems market are Thales Group, Raytheon Company, Safran Electronics & Defense, Databuoy Corporation, and Shooter Detection Systems.

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