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Detailed examination of the explosive detector market published by leading research firm

Detailed examination of the explosive detector market published by leading research firm

Global explosive detector market accounted for $4,531 million in 2016, and is expected to reach $8,208 million by 2023, registering a CAGR of 8.7% from 2017 to 2023.

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Explosive detectors are non-destructive inspection devices that help its users in detecting explosives and other flammable materials.

It is commonly used at airports, seaports, borders of countries, and in important structures such as the government buildings. The detection of explosives at airports, land borders, and seaports is an essential task for preventing terrorism and organized crime.

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Owing to terrorist use of explosive devices, strong interest has been focused towards the development of techniques and instrumentation to detect explosives. There has been a significant growth in research within this area – through both the development of new, advanced detection methods and the improvement of existing techniques.

It is an important aspect of the overall effort to prevent the transport of illicit materials, which also includes small arms, nuclear material, and narcotics.

Increase in terrorist activities across the globe, government regulation for greater and effective security checking, especially at critical establishments such as airport and railway stations majorly drive the factors for the growth of explosive detectors market. Moreover, quick response and user-friendly applications are some other benefits assisting the market.

Improvised explosives, and risk of failure of the device in public safety are some of the causes of restraints in the growth of the market. However, strict government regulations for safety measure at sensitive places are expected to boost the market growth

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The market for explosive detectors market is segmented into technology, product type, end user, and geography. The technology is further bifurcated into trace and bulk types.

The product type is classified into vehicle mounted, handheld, robotics, and others. The end user segment is further categorized into military & defense, cargo & transport, aviation, public places, and others.

Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Major companies profiled in the report include Westminster International Ltd., Analogic Corporation, Chemring group PLC, FLIR Systems, Inc., NOVO DR Ltd., L-3 Technologies, Inc., Cobham PLC, Nuctech Company Ltd., OSI Systems, Inc., and Smiths Detection

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POTENTIAL BENEFITS

  • Comprehensive analysis of the current trends and future estimations in the global explosive detector market is provided.
  • The report offers a competitive scenario of the market with growth trends, structure, driving factors, scope, opportunities, and challenges.
  • It includes a detailed analysis of the key segments to provide insights on market dynamics.
  • Porter’s Five Forces analysis highlights the potential of buyers & suppliers and the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.

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