PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1371929
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1371929
According to Stratistics MRC, the Global Acoustic Gunfire Locator Market is accounted for $222.24 billion in 2023 and is expected to reach $473.17 billion by 2030 growing at a CAGR of 11.4% during the forecast period. An Acoustic Gunfire Locator (AGL) is a tool or system used to track down the origin of gunshots or other powerful explosions by analyzing the acoustic properties of the sound waves produced by the weapons. Some highly developed AGL systems may even distinguish between several types of firearms based on their distinctive auditory characteristics. AGL systems typically consist of a variety of microphones or sensors placed strategically in an area of interest. They have the ability to quickly and precisely detect and localize gunfire and explosive events, acoustic gunfire locators play a significant part in improving the safety and security of military and law enforcement operations.
Acoustic Gunfire Locator systems have several uses in both military and law enforcement organizations. These devices aid in quick action, situational awareness, and danger identification, allowing law enforcement and military personnel to take the proper action as soon as possible. Additionally, governments all across the world are putting new policies and rules in place to improve public security and safety. Numerous nations have invested in the implementation of AGL systems in urban areas, travel hubs, and other vital infrastructure facilities as a result of their recognition of the significance of gunshot detection systems. Government grants, funding, and guidelines enforcing the use of gunshot detection equipment equally contribute to industry expansion. Therefore, the demand for AGL systems is fuelled by the need to respond more quickly to incidents involving gunshots and the growing emphasis on public safety.
The development, implementation, and maintenance of systems can be costly. Moreover, particularly for smaller enterprises or those with limited funds, the high expenses of hardware, software, installation, and continuing system maintenance may be a barrier to adoption. Therefore, false alarms can decrease a system's dependability and credibility, which might cause adoption to be delayed or increase running costs because of unnecessary responses.
The capability of acoustic gunfire locator (AGL) systems has substantially increased due to new developments in auditory sensing technologies, signal processing algorithms, and machine learning strategies. Additionally, a high level of detection rates has all grown and the number of false alarms reduced because of these developments, AGL systems are becoming more dependable and efficient. Furthermore, AGL systems can be combined with other security systems, such as access control, video surveillance, and emergency response systems, to create a holistic security solution that incorporates several technologies for greater risks detection and response. Hence, the market is expanding as a result of the ongoing development of AGL systems that are increasingly intricate and sophisticated.
Market expansion may be hampered by a lack of knowledge and comprehension of AGL technology among potential consumers, including law enforcement organizations, security experts, and decision-makers. Additionally, it can be difficult and time-consuming to integrate AGL systems with current security infrastructure, including emergency response or video surveillance systems. Therefore, AGL systems may have trouble integrating easily with other security technologies due to compatibility problems, data synchronization problems, and interoperability difficulties.
The COVID-19 epidemic had a significant negative influence on the Acoustic Gunfire Locator (AGL) business. The use of AGL systems has been hampered by flight cancellations, travel bans, and quarantines; restaurant closures; restrictions on all indoor and outdoor events; the declaration of states of emergency in over 40 countries; a significant slowing of the supply chain; stock market volatility; declining business confidence; rising public panic; and uncertainty about the future. Moreover, operational problems, such as a shortage of sufficient field evaluations and tests, have prolonged the adoption of AGL systems. Therefore, market expansion was also hampered by the pandemic's overall challenges and cautious decisions. .
The hardware segment is estimated to hold the largest share, due to the material components and tools needed to locate and identify gunshots. Moreover, this contains microphones or sensors, signal processors, amplifiers, power supplies, and other supporting hardware. The hardware portion is essential in providing the framework required for AGL systems to record, examine, and triangulate gunshot noises. Furthermore, the hardware market is anticipated to expand significantly in response to the rising demand for AGL systems, driven by developments in sensor technology, greater ruggedness for outdoor deployments, and the incorporation of hardware with intelligent algorithms for enhanced performance and accuracy.
The Global Positioning System (GPS) segment is anticipated to have lucrative growth during the forecast period. Acoustic gunfire locator (AGL) systems with GPS can provide accurate gunshot detection locations, allowing for situational awareness and rapid response. Additionally, law enforcement and military personnel can more efficiently respond to threats due to GPS's real-time tracking and mapping of shooting occurrences. Therefore, the GPS market segment is being driven by the rising demand for satellite imagery awareness, collaboration with other security systems, and the requirement for precise location data for incident investigation and reporting.
Asia Pacific commanded the largest market share during the extrapolated period owing to the upgrading of the military and law enforcement institutions, increased urbanization, and growing security concerns are some of the factors causing this growth. Moreover, the need for AGL systems is being fuelled by nations like China, India, and Japan investing in innovative technologies to improve their security infrastructure. The development of AGL systems is additionally facilitated by the region's high population density, frequent conflicts, and terrorist activity. Therefore, the AGL market in the Asia-Pacific area is additionally boosted by government initiatives, advantageous legislation, and the requirement to safeguard crucial infrastructure facilities.
Europe is projected to have the highest CAGR over the forecast period, due to reduce gun crime and speed up incident reaction times, European nations including the UK, Germany, and France are actively investing in cutting-edge security measures like AGL systems. Gunshot detection technologies are encouraged to be adopted by the European Union's security initiatives and rules. Additionally, the need for AGL technology is motivated by the region's emphasis on improving public safety, terrorist initiatives, and law enforcement capabilities. Thus, critical infrastructure, dense urban regions, and a high public safety concern all help to fuel the expansion of the AGL industry in Europe.
Some of the key players in the Acoustic Gunfire Locator Market include: Acoem Group, Battelle Memorial Institute, CILAS, Databuoy Corporation , ELTA Systems Ltd, Qi, Rafael, Raytheon Company, Rheinmetall AG, Safran Electronics & Defense, Silicon Storage Technology, Inc. (SST) and Thales Group.
In November 2022, Rheinmetall AG has announced that it has concluded a purchase contract with the Spanish MaxamCorp. holding company to acquire of 100% of the share capital of the ammunition manufacturer Expal Systems S.A..Completion of the transaction, i.e. the actual transfer of Expal Systems to Rheinmetall.
In November 2019, ACOEM Group has accelerated its international expansion plans with the acquisition of Air Monitors Ltd, the exclusive distribution partner of ECOTECH® products in the United Kingdom.