A new report has predicted that the gunshot detection systems market size will grow from $4.9 billion in 2022 to $7.8 billion by 2027, at a compound annual growth rate (CAGR) of 9.7%.

The new report, by MarketsandMarkets, highlights that to efficiently detect and track threats, advanced technologies like artificial intelligence will merge optical and acoustic data. In the upcoming years, these innovations are anticipated to accelerate market expansion.

The report says that North America accounted for the largest market share for gunshot detection in 2022. Law enforcement agencies are also increasingly using the technology and market growth in the upcoming years is expected to be driven by increased spending in border security. These tools can aid border patrol agents in detecting and stopping smuggling, infiltration and illegal immigration.

Based on solution, the system segment is projected to dominate the market share during the forecast period. The system includes the sensors and hardware required to detect gunshots. Numerous sensors, including display systems and acoustic sensors, are used in gunshot detection systems.

Major players that operate in the market highlighted by the report include Shot Spotter, Inc., (US) and Shooter Detection Systems LLC (US), Raytheon Technologies Corporation (US), QinetiQ Group (US), ACOEM Group (France), THALES (France) and Elta Systems Ltd. (Israel).