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Gunshot Detection System Market 2020 - Outdoor Segment to Register Extensive Growth By 2025
Gunshot Detection System Market
The gunshot detection system market share based on installation can be bifurcated into fixed, portable, and vehicle mounted systems. The growing demand for portable gunshot detection systems can be attributed to the benefits offered including lower cost, and flexibility in operating across diversified conditions. Moreover, the incorporation of IoT along with solar technologies for improving system efficiency and performance are further expected to boost the segment share.
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Multiple cities across the globe are focusing on mandatory installation of gunshot detection systems for minimizing the rates of murders and crimes and improve the nation safety. For instance, in 2019, Columbus government and police announced the expansion of its gunshot detection systems to Linden. Additionally, the systems are incorporated with acoustic sensors for accurately locating gunfire and transmitting real-time alert to dispatch centers within 60 seconds.
Technological advancements in sensors and equipment used for gunshot detection systems are positively influencing the gunshot detection system market size over the projected timeframe. Industry players are actively exploiting technologies that contribute towards improving system efficiency and minimizes the signal transmission time. For instance, in 2019, the Council for Scientific and Industrial Research (CSIR) unveiled an optical-based missile and gunshot detection system, that uses infrared camera with proprietary optical sensors for carrying out operations.
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North America is expected to hold a significant share in the gunshot detection system market size. This can be credited to the rising cases of crimes and murders across the region. Moreover, stringent regulatory policies and schemes mandating the installation of such systems are further expanding the segment size. For instance, in 2019, multiple organizations including Toyota, Constellation Brands, and Allergan PLC are incorporating gunshot detection systems in their offices and plants, thereby providing a positive outlook for the market expansion.
Few of the prominent players in the gunshot detection system market share include Raytheon Company, ShotSpotter Inc., Tracer Technology Systems, Inc., Safran Electronics and Defense SAS. Industry players are engaged in securing long term contracts from government organizations for improving their market share. For instance, in 2018, ShotSpotter Inc. and the Chicago government signed a multi-year agreement for extending its gunshot detection coverage worth at USD 23 million.
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