Gunshot Detection Systems Market Size

Gunshot Detection Systems Market Analysis

The Gunshot Detection Systems Market size is estimated at USD 0.98 billion in 2024, and is expected to reach USD 1.62 billion by 2029, growing at a CAGR of 10.52% during the forecast period (2024-2029).

Currently, governments worldwide are planning to invest in advanced gun control detection systems, which can be used to increase public safety and security. Various manufacturers of gunshot detection systems are manufacturing advanced products by making use of standardized protocols such as RTSP. It can seamlessly integrate with most existing security camera and video management systems that are already in place and thus detect gunshots or even analyze the structure of a gun and alert the concerned authorities.

Maintenance and replacement of faulty sensors may increase the life-cycle cost of these systems, which leads to an increase in the tax rates for citizens. The high cost associated with the installation and maintenance of gunshot detection systems is one of the restraining factors for the market.

In addition, manufacturers also made advancements in integrating newer technologies into their products by developing a newer range of gunshot detection systems that can proactively spot, assist, and prevent a major catastrophe. Thus, an increase in the number of mass shootings, a surge in the adoption of the Internet of Things (IoT), and an increase in the utilization of gunshot detection systems, coupled with an increase in the need for advanced gunshot detection systems in various countries, will help to boost the market during the forecast period.