Breaking the Sound Barrier: Innovations in Gunshot Detection Systems

According to a new report published by Allied Market Research, titled, "Gunshot Detection Market," The gunshot detection market was valued at $587.25 million in 2021, and is estimated to reach $1.2 billion by 2031, growing at a CAGR of 7.9% from 2022 to 2031.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/2468

The gunshot detection market is expected to showcase a growth rate of 7.0% CAGR during the forecast period, backed by the rise in the installation of these systems across the globe. Rise in incidents of homicide across the globe, and increase in demand to establish a safe and secure environment support the growth of the gunshot detection market.

There is an average of more than 19,000 firearm homicides and more than 1 million emergency department visits for assault cases across the U.S. in a year. These staggering numbers have allowed several nations to rapidly adopt gunshot detection systems in outdoor and public places. For instance., in September 2018, Shotspotter received a contract worth $23 million to install outdoor gunshot detection systems. The company now operates its network of gunshot detection systems from Chicago and New York City under the contract.

𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝘁𝗼 𝗣𝗿𝗼𝗰𝘂𝗿𝗲 𝘁𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁? 𝗜𝗻𝗾𝘂𝗶𝗿𝗲 𝗕𝗲𝗳𝗼𝗿𝗲 𝗕𝘂𝘆𝗶𝗻𝗴 - https://www.alliedmarketresearch.com/purchase-enquiry/2468

Furthermore, the integration of gunshot detection systems by range of government and military agencies further bolsters its market demand during the forecast period. Miniaturization of gunshot detection system, allowing it to be portable is one of the major factors driving the market penetration of gunshot detection system in military and government verticals. Companies across the globe are trying different avenues to ensure operational efficiency of gunshot detections using minimal resources. Amidst the race of miniaturization of this system, in March 2022, Shotspotter announced their plan to integrate gunshot detection in mobile phones. The contract is expected to be inked at the value of $525 thousand.

The gunshot detection market is segregated into application, product, system, installation, and region. The application segment is further classified into defense, homeland, and commercial. The commercial segment within the application is further divided into retail stores and venues, schools and colleges, hospitals, corporate enterprises, and others. The product segment of the gunshot detection market is bifurcated into indoor and outdoor. Based on the system, the market is bifurcated into an integrated system and a standalone system. With respect to installation, the gunshot detection market is divided into vehicle-mounted systems, portable systems, and fixed systems. By region, the market is categorized by North America, Europe, Asia-Pacific, and LAMEA

In addition, these devices assist people in capturing and transmitting electronic data. Moreover, the sensors notify about gunshot quickly, which help security officials to arrest criminals or create alarm alerts in public places, which reduces the consequences. Escalating growth in the IoT industry and government initiatives regarding adopting sensors are anticipated to foster the overall gunshot detection market growth during the forecast period.

The key players operating in this gunshot detection market are 3xLOGIC, Alarm Systems, Inc., AmberBox, Inc., Databuoy Corporation, Information System Technologies Inc., QinetiQ Inc. US, Raytheon Technologies Corporation, Safe Zone Technologies, Inc., Shooter Detection Systems, and ShotSpotter Inc.

𝗣𝗿𝗼𝗰𝘂𝗿𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝘁: https://www.alliedmarketresearch.com/gunshot-detection-market/purchase-options

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.