According to Marketsandmarkets the gunshot detection systems market 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 202. To efficiently detect and track threats, according to the analysts, advanced technologies like artificial intelligence will merge optical and acoustic data, and in the upcoming years, these innovations are anticipated to accelerate market expansion.

North America takes the largest market share

The gunshot detection systems market industry has been studied by the Marketsandmarkets researchers in North America, Europe, Asia Pacific, Middle East & Africa and Latin America. And, perhaps unsurprisingly, it is the North American market that accounted for the largest market share in 2022.  Law enforcement agencies are also increasingly using the technology, particularly in this region. And the analysts suggest that market growth in the upcoming years is probably going to be driven by increased spending in border security. These tools can aid border patrol agents in detecting and stopping smuggling, infiltration, and illegal immigration.

Applications, solutions and players

Fixed Installations are proving to be the most popular, and account for the largest share of the market in 2022. The advanced fixed Gunshot Detection Systems are being installed around the city to enhance the civilian security and also to safeguard the country border.

In terms of solutions the system market is most dominant. For example, a system would include the sensors and hardware required to detect gunshots. Numerous sensors, including display systems and acoustic sensors, are used in gunshot detection systems.

The outdoor segment is projected to dominate market share in the system segment during the forecast period. The need for gunshot detection systems is rising due to an increase in firearm events throughout the world. 

Some of the major players operating in the gunshot detection systems market include Shot spotter, Shooter Detection Systems, Raytheon Technologies Corporation, and Qinetiq Group, all based in the United States, and then ACOEM Group and Thales both from France, and Elta Systems from Israel.

https://www.securityworldmarket.com/na/News/Business-News/gunshot-detection-systems-market-projected-for-78-billion-by-20271?utm_source=newsletter-swm-na&utm_medium=email&utm_campaign=wk&utm_source=360Works%20CloudMail&utm_medium=email&utm_campaign=SWM%20NA%20230125