Market Share of Gunshot Detection Systems Industry
The gunshot detection systems market is characterized by a semi-consolidated landscape, with multiple sensor manufacturers and software providers. Key players include ACOEM AB, SoundThinking Inc. (ShotSpotter), RTX Corporation, THALES, and QinetiQ Limited.
These companies are actively driving growth through strategies like product launches, patent acquisitions, and expanding their solution portfolios. Bolstered by increased R&D spending and strategic acquisitions, these moves are setting these firms up for potential market leadership in the years ahead. For example, in January 2024, the PNW Computer Science research team trialed an AI-powered gunshot detection technology. It trained the AI to discern gunshots in a shooting range, distinguishing them from sounds like a balloon pop or firework. Moreover, the team honed the AI's ability to precisely locate gunshots in expansive, multistory buildings. Teaming up with the PNW Police, it tested the AI's accuracy with blank ammunition, achieving exceptional results, including identifying the specific floor where the sound originated.
Gunshot Detection Systems Market Leaders
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THALES
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RTX Corporation
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QinetiQ Limited
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ACOEM AB
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SoundThinking, Inc. (ShotSpotter)
*Disclaimer: Major Players sorted in no particular order
