Automotive Pumps Market Forecasts to 2028 – Global Analysis By Type (Fuel Supply Pump, Steering Pump, Coolant Pump and Other Types), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles and Other Vehicle Types), Technology (E

Automotive Pumps Market Forecasts to 2028 – Global Analysis By Type (Fuel Supply Pump, Steering Pump, Coolant Pump and Other Types), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles and Other Vehicle Types), Technology (Electric and Mechanical), Displacement (Variable Displacement and Fixed Displacement), Electric Vehicle Type(Battery electric vehicle (BEV), Fuel cell electric vehicle (FCEV), Hybrid electric vehicle (HEV) and Plug-in hybrid electric vehicle (PHEV)), Off Highway Vehicle(Construction Equipment and Mining Equipment), Sales Channel (Original Equipment Manufacturer (OEM) and Aftermarket), Application and By Geography

According to Stratistics MRC, the Global Gunshot Detection System Market is accounted for $812.5 million in 2022 and is expected to reach $1904.0 million by 2028 growing at a CAGR of 15.25% during the forecast period. A gunshot detection system uses optical, acoustic, or other types of sensors, as well as a combination of these sensors, to help detect and transmit gunfire or the discharge from other weapons. They give the necessary situational awareness for swift and accurate defence against hostile attacks, enhancing public safety from threats like snipers and other shooting. Additionally, these devices might be used in the military to help soldiers locate enemy fire on the battlefield and detect it. They are employed for a variety of purposes, including by the military, law enforcement, and security organisations to make it easier to determine the direction of firing.

According to the latest numbers from the small arms survey, the US ratio of 120.5 firearms per 100 residents in 2018, up from 88 per 100 in 2011, far surpasses that of other countries globally. According to the survey, shootings in commercial areas accounted for 44.0% of all shooting incidents, while shootings at educational institutions accounted for 22.5%. According to credible statistics, an estimated 2,000 people worldwide are injured by gunshots every single day, whereas 500 people die every day from gun violence. According to the latest numbers from the small arms survey, the US ratio of 120.5 firearms per 100 residents in 2018, up from 88 per 100 in 2011, far surpasses that of other countries globally.

Market Dynamics:

Driver:

Rise in public shootings

Major cities are seeing an increase in the number of public gun shootings. The precise location of the gunshot can be determined using gunshot detection equipment. Schools, hospitals, and universities can all install this technology. The market for gunshot detection may be driven by the need to ensure the safety of residents and pupils.

Restraint:

The cost of installation

Because it necessitates the installation of sensors and cameras across a vast area, gunshot detection technology has a high installation cost. The cost of service and maintenance is also increased by the installation of sensors and cameras. Technology advancements for better gunshot detection systems increase their cost and consequently present a barrier to the market's expansion. As a result, the cost issue is crucial for market expansion. However, in order to grow the business and reach the regions where its demand is lower owing to cost, cost-effective items are produced.

Opportunity:

Developing smart cities

The most recent technologies will likely be used in future smart cities to increase security. The market for gunshot detection is expected to expand as a result of rising demand for gunshot detection in smart cities due to the increased worry for terrorist attacks. In order to manage a city's resources, smart cities intend to integrate the Internet of Things (IoT) with information and communication technology. Terrorists are most likely to target these cities in order to seize sensitive information or vital data. Over the upcoming years, the market for gunshot detection systems is expected to grow as a result of factors like the development of smart cities and increased border security to stop illegal activities, cities becoming smart cities with the installation of multiple security and innovative features that enhance and maintain a high quality of life and livability for inhabitants.

Threat:

Regulatory bodies

The market expansion of gunshot detection systems is being aided by strict rules and regulations governing the installation of gunfire detection systems on educational facilities, government properties, public areas, and other locations for the safety of citizens.

Covid-19 Impact

During the epidemic, the market for gunshot detection systems suffered. The fall in the Market growth rate is mostly due to the government's focus shifting from defence to economic recovery. Due to a shortage of funding for defence developments, The Market saw significant budget reductions and cancellations. Additionally, the market was impacted by the breakdown of the global supply chain and the cessation of large-scale manufacturing. The market is expected to fully recover, though, as the world is quickly recuperating from the pandemic. The post-pandemic phase will witness phenomenal growth patterns for the Gunshot Detection System market as the lockdown limitations are relaxed and focus is shifted to security and law enforcement.

The Outdoor segment is expected to be the largest during the forecast period

The Outdoor segment is estimated to have a lucrative growth, due to a rise in criminal activity and public murders, which has increased demand for gunshot detection systems. The growth is due to the extended coverage area and higher accuracy. Additionally, military need for the use of gunshot detection systems at border and conflict zones for security is accelerating market expansion.

The commercial segment is expected to have the highest CAGR during the forecast period

The commercial segment is anticipated to witness the fastest CAGR growth during the forecast period, due to things like the growing prevalence of gunshot detection systems in schools, colleges, universities, hospitals, business offices, hotels, museums, and other places for better monitoring and safety systems. Furthermore, the surging focus on the development of smart cities would boost the segment’s growth during the forecast period. Various law enforcement and other security agencies installed GDS in cities to reduce crime and improve security.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the rising installation of these detection systems by different law enforcement agencies, rising security concerns, and rising frequency of mass shootings in the area, the market is expected to develop. The increased use of gunfire monitoring systems is blamed for the market expansion. Such collaborations and the use of the gunshot detection system in educational institutions and other settings promote market expansion.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to by the increasing defense expenditure, expansion of military forces, and rising number of smart city projects. Furthermore, it is predicted that during the projection period, the APAC region will have considerable market expansion. The rise in criminal and murder cases nationwide is to blame for the market expansion. Additionally, severe government rules and initiatives that mandate the deployment of these devices are increasing demand for gunshot detection systems. The creation of smart city initiatives in this area has considerably boosted market expansion.

Key players in the market

Some of the key players profiled in the Gunshot Detection System Market include Raytheon Company, Shooter Detection Systems LLC., Thales Group, ShotSpotter Inc., Battelle Memorial Institute, ACOEM Group, SST, Safety Dynamics, LLC., Tracer Technology Systems, Inc., Korps Pasukan Khas, Information System Technologies Inc., Louroe Electronics, Databuoy Corporation, Stanley Security and V5 Systems, Inc.

Key Developments:

In August 2021, Korps Pasukan Khas (Paskhas), the Special Forces corps of the Indonesian Air Force (TNI-AU), received an undisclosed number of P6 ATAV V3 assault vehicles that features the Metravib PILAR V acoustic gunshot detection system as standard. Such developments are expected to drive the segment's growth during the forecast period.

In July 2021, ACOEM Group has announced the appointment of GISCAD (Geomática & Engenharia Lda) as a new distributor for its Portugal-based ACOEM noise & vibration measurement solutions business for commercial and law enforcement agencies.

In July 2021, ShotSpotter Inc. announced that they will open a satellite office located in Washington D.C. The office will be equipped with Incident Review Center for gunshot detection.

In June 2021, Shooter Detection Systems, in partnership with Singlewire Software, developed the Guardian Indoor Active Shooter Detection System to enhance public safety using advanced acoustic detection software combined with infrared sensors to accurately detect gunshots while filtering false alerts.

In March 2021, ShotSpotter Inc. has made the announcement to unveil the ShotSpotter SiteSecure for malls and retail franchises to provide the outdoor gunfire detection. ShotSpotter SiteSecure alarms the retail security personnel within seconds of shooting occurance around the vicinity of the retail store and protects the retail store staffers via quicker response from law enforcement and medical first responders.

In December 2020, ShotSpotter Inc. had unveiled ShotSpotter Insight, a new gunshot incident review and analytics tool to the law enforcement agencie, crime analysts, investigators, and command staff with all hystorical gunfire incidents and helps in uncovering the important shooting patterns and details.

Installations Covered:
• Outdoor
• Indoor

Types Covered:
• Vehicle Mounted Systems
• Fixed Systems
• Portable Systems
• Soldier Mounted
• Other Types

Solutions Covered:
• Software as a service
• System
• Other Solutions

Applications Covered:
• Defense
• Commercial
• Homeland
• Civil Law Enforcement Agencies
• Critical Infrastructure
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements