The global gunshot detection system market size is expected to reach USD 11.15 billion by 2032, according to a new study by Polaris Market Research. The report “Gunshot Detection System Market Share, Size, Trends, Industry Analysis Report, By Application (Indoor, and Outdoor); By Solution; By End Use; By Installation; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
Development of IoT & cloud platforms, together with smarter, quicker, and more affordable AI engines, has made it possible to develop a new generation of indoor gunshot detection technology. The latest wave of gunshot detection technology is redefining the cost of system hardware, sensors, software, installation fees, and monitoring services. In June 2022, Israel Aerospace Industries has unveiled the Othello-P, its newest advanced passive gunshot detection system (GDS) technology.
The process utilizes short-wave infrared optical and acoustic sensors, as well as artificial intelligence analysis, to pinpoint the origin of gunfire. It can be employed in place or fastened onto manned vehicles or unmanned systems for on-the-move missions. Therefore, the adoption of advanced technology by the public and private players in these systems is driving market growth.
Further, the cloud, which offers software-as-a-service (SaaS) model with the minimal fees & affordable fees, makes strong mobile & web-based management software. The advancement of market technology has made it possible for businesses to purchase gunfire detection devices. Gunfire detectors employ active shooter technology strategy, owing to their potential of saving lives.
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Additionally, systems for detecting gunshots are expensive to build and integrate. The system is made up of many hardware elements, including sensors, power supplies, cameras, and ethernet data cables, and each detector is connected to the on-site server by power over ethernet (PoE) switches. As a result, the installation process requires expensive labor and materials. There are considerable difficulties with connectivity and configuration within the current corporate networks. For instance, in January 2022, The Houston City Council authorized the installation of gunshot detection equipment. According to the council, the price per square mile can reach S95,000. Due to the high expenditure needed, gunshot detection technology is therefore a hindrance in most places. As a result, it is anticipated that these factors will restrain the market's expansion for gunshot detection over the projection period.
Gunshot Detection System Market Report Highlights
Polaris Market Research has segmented the gunshot detection system market report based on application, solution, end use, installation, and region:
Gunshot Detection System Market, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Gunshot Detection System Market, Solution Outlook (Revenue - USD Billion, 2019 - 2032)
Gunshot Detection System Market, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
Gunshot Detection System Market, Installation Outlook (Revenue - USD Billion, 2019 - 2032)
Gunshot Detection System Market, Regional Outlook (Revenue - USD Billion, 2019 - 2032)