How big is the Gunshot Detection Systems Market?

The Gunshot Detection Systems Market size is expected to reach USD 0.89 billion in 2024 and grow at a CAGR of 9.91% to reach USD 1.42 billion by 2029. Read More

What is the current Gunshot Detection Systems Market size?

In 2024, the Gunshot Detection Systems Market size is expected to reach USD 0.89 billion. Read More

Who are the key players in Gunshot Detection Systems Market?

THALES, RTX Corporation, QinetiQ Limited, ACOEM AB and SoundThinking, Inc. (ShotSpotter) are the major companies operating in the Gunshot Detection Systems Market. Read More

Which is the fastest growing region in Gunshot Detection Systems Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Gunshot Detection Systems Market?

In 2024, the North America accounts for the largest market share in Gunshot Detection Systems Market. Read More

What years does this Gunshot Detection Systems Market cover, and what was the market size in 2023?

In 2023, the Gunshot Detection Systems Market size was estimated at USD 0.80 billion. The report covers the Gunshot Detection Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Gunshot Detection Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Gunshot Detection Systems Market - Demand, Share & Analysis

Gunshot Detection Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Gunshot Detection Systems Market Report is Segmented by Type (Indoor and Outdoor), Application (Defense and Law Enforcement), Installation (Fixed Installation and Vehicle Installation), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecasts for all the Above Segments in Terms of Value (USD).

Gunshot Detection Systems Industry Overview

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.