Gunshot Detection System Market Report by Trends, Drivers, and Challenges - 2025

The global market for gunshot detection systems was valued at approximately US$ 850.2 million in 2017 and is projected to experience a compound annual growth rate (CAGR) of 22.6% from 2018 to 2025, ultimately reaching around US$ 4,325.0 million by 2025. The rising incidence of firearm-related crimes across the globe significantly drives the demand for these systems. The prevalence of gun violence has become alarmingly severe, with many incidents going unreported. Consequently, it is crucial for local and state law enforcement agencies to implement solutions that can effectively detect and prevent such occurrences in the future.

In recent years, numerous gunfire incidents have occurred in public spaces and commercial establishments. A tragic example is the mass shooting in Las Vegas in 2017, which resulted in the deaths of 58 individuals and injuries to hundreds more. Another devastating event was the terrorist attack on a school in Pakistan in 2014, which claimed around 150 lives. The increase in such violent occurrences is propelling the growth of the gunshot detection system market, particularly in the realm of homeland security. According to SecurityInfowatch, there were approximately 300 mass shooting incidents in the United States alone in 2015. This alarming trend has led to the widespread adoption of gunshot detection systems in various settings, including educational institutions, government facilities, museums, and hotels.

The gunshot detection system market is characterized by fragmentation, with numerous providers operating within the supply chain. The competitive landscape is anticipated to evolve in the coming years. Companies within this market rely on various third-party solution providers, software developers, and hardware manufacturers, leading to a significant interdependence among players for optimal performance. ShotSpotter, Inc., based in the U.S., is recognized as the leading provider in the global gunshot detection system market. Other notable players include Raytheon Company, Shooter Detection System LLC, Thales Group, and Safety Dynamics, Inc., among others.

When categorized by product type, the outdoor segment currently leads the gunshot detection system market and is expected to maintain its dominance throughout the forecast period. Gun violence and related criminal activities present considerable challenges for law enforcement and first responders. For instance, a report from Newsweek on February 10, 2017, highlighted that over 11,600 deaths due to gun violence occurred in the U.S. in 2017 alone. In 2016, the number of fatalities reached 15,000, accompanied by 383 mass shootings. The United States holds the highest rate of firearm-related homicides among developed nations. Furthermore, a study published in the journal Pediatrics indicated that, on average, 1,297 children die annually from gun-related injuries in the U.S. as of June 2017.

The overall size of the gunshot detection system market has been determined through a combination of primary and secondary research methods. The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the gunshot detection system market. This research also includes an overview and forecast of the global market segmented by five major regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Additionally, primary interviews with industry participants and commentators are conducted to validate the data and analysis. Participants typically include industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the gunshot detection system market.