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Advancements In AI-Powered Firearm Detection For Enhanced Security Monitoring Industry Trends Gaining Momentum in the Global Artificial Intelligence (AI) Gun Detection System Market
Artificial Intelligence (AI) Gun Detection System
Artificial Intelligence (AI) Gun Detection System Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past few years, there has been significant growth in the market size of the AI gun detection system. The predicted growth is from $1.20 billion in 2024 to $1.34 billion in 2025, representing an impressive compound annual growth rate (CAGR) of 11.6%. The substantial growth recorded during the historical period can be linked to an increase in gun violence cases, widespread use of video surveillance, government funds directed towards public safety, need for immediate threat detection, and the progress of smart city initiatives.
Artificial Intelligence (AI) Gun Detection System Market Size Forecast: What's the Projected Valuation by 2029?
We can expect a swift expansion in the AI gun detection system market over the next few years. The market is projected to rise to $2.05 billion in 2029, with a compound annual growth rate (CAGR) of 11.3%. This growth during the forecast period is attributed to factors such as broader acceptance in commercial and retail industries, heightened awareness of workplace safety, the advent of cost-effective AI hardware, enhancements in cloud-based security platforms, and their integration with internet of things and interconnected devices. Key trends for this period encompass advancements in AI and machine learning, developments in edge computing technology, 3D object detection, explanatory AI for security, and cloud-edge hybrid structures.
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What Are the Drivers Transforming the Artificial Intelligence (AI) Gun Detection System Market?
The escalating issues surrounding security are anticipated to spur the advancement of the AI gun detection system market in the forthcoming years. Issues relating to security pertain to potential or realized threats that can compromise the confidentiality, integrity, or accessibility of assets, generally data, systems, infrastructure, or people. The surge in these concerns is primarily due to rising digitization, which enlarges the attack surface for cyber threats by connecting more gadgets, systems, and sensitive information online. The growing security concerns have boosted the demand for AI gun detection systems, as they facilitate quicker identification of threats and response, thereby reducing the possibility of mass shootings and improving public safety in susceptible regions. For example, in June 2024, the Central Statistics Office, a government agency based in Ireland, reported that incidence of robbery, extortion, and hijacking increased by 18% in the year leading up to Quarter 1 (Q1) 2024, indicating an escalation of 390 incidents to a total of 2,572. Simultaneously, crimes involving weapons and explosives rose by 10%, with an additional 253 cases being documented, thus taking the total to 2,844. As a result, the escalating security concerns will fuel the expansion of the AI gun detection system market.
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What Long-Term Trends Will Define the Future of the Artificial Intelligence (AI) Gun Detection System Market?
The leading companies in the AI gun detection system market are concentrating their efforts on the creation of advanced solutions like visual gun detection software. This solution uses artificial intelligence and computer vision to intuitively identify firearms in live video footage and instantly alert the relevant authorities. As an example, Omnilert, an American firm known for its artificial intelligence-based emergency communication and active shooter prevention solutions, released its third-gen AI-powered visual gun detection system, Omnilert Gun Detect, in February 2024. It uses pre-existing security cameras for real-time firearm detection and initiates automated measures such as door locking and alerting emergency services. The newest version claims to have ten times the processing efficiency, handling up to 55 1080p camera streams at the same time on standard hardware. Moreover, it can be smoothly integrated with enterprise-level systems for centralized management across extensive camera networks.
Which Segments in the Artificial Intelligence (AI) Gun Detection System Market Offer the Most Profit Potential?
The artificial intelligence (AI) gun detection system market covered in this report is segmented -
1) By Components: Software, Hardware, Services
2) By Technology: Machine Learning Algorithms, Deep Learning Techniques, Image Processing, Computer Vision
3) By Deployment Type: Cloud-Based Solutions, On-Premises Solutions, Hybrid Solutions
4) By End-User: Law Enforcement Agencies, Educational Institutions, Corporate Enterprises, Transportation Hubs, Other End-Users
Subsegments:
1) By Software: Artificial Intelligence-Based Detection Algorithms, Video Management Software, Integration And Application Programming Interface (API) Software, Alert And Notification Systems
2) By Hardware: Closed-Circuit Television (CCTV) Cameras, Internet Protocol (IP) Cameras, Edge Devices, Thermal Sensors, Acoustic Sensors, Motion Sensors, Networking Equipment, Storage Devices
3 )By Services: Installation And Integration Services, Training And Consulting Services, Maintenance And Support Services, Managed Services
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Which Firms Dominate the Artificial Intelligence (AI) Gun Detection System Market by Market Share and Revenue in 2025?
Major Companies operating in the artificial intelligence (AI) gun detection system market are Smiths Detection Inc., Avigilon Corporation, Evolv Technology Inc., ZeroEyes Inc., IronYun Inc., Scylla Technologies Inc., Xtractone Inc., ThreatVision.ai Inc., Flare Protect Inc., AnyVision Labs Ltd., Actuate AI, Coram AI Inc., IREX AI Inc., Athena Securitys Inc., Camio Inc., Cawamo Inc., IntelliSee, Liberty Defense Holdings Ltd., PerVista AI Inc., AiLert Inc., Omnilert Inc.
Which Regions Offer the Highest Growth Potential in the Artificial Intelligence (AI) Gun Detection System Market?
North America was the largest region in the AI gun detection system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) gun detection system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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