Explosive Trace Detection Market Detailed Study Analysis with Forecast by 2028 | American Science and Engineering, Inc., Smiths Detection, Inc.

Global Explosive Trace Detection Market: Snapshot

The demand within the global explosive trace detection market is rising on account of increased security across public places. The need for explosive trace detection is felt across a wide array of industries including chemicals, nanotechnology, and nuclear manufacturing. The wide application portfolio of the global explosive trace detection market has played key role in propelling market demand. Trace detectors are capable of scanning for the minutest specks of explosive materials. Furthermore, the high sensitivity and light weight of explosive trace detection has played a key role in popularizing this technology.

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The use of explosive trace detectors across some of the best airports in the world has given a thrust to market growth. The increasing levels of security across airport and other similar public nodes is a key consideration for the market vendors.
Investments in the global explosive trace detection market have increased due to the rising sale of detection technologies in the nuclear industry. Several processes within the nuclear industry leave traces of hazardous substances. Hence, there is a recurring need for explosive trace detection in this industry.
On the basis of geography, the global explosive trace detection market can be segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The Northern America explosive trace detection market is projected to expand alongside advancements in the nuclear industry in the U.S.
The next decade would be crucial for vendors operating in the global explosive trace detection market. The growth direction of this market can be ascertained in the years to follow.

Global Explosive Trace Detection Market: Overview

The global explosive trace detection market is prognosticated to witness a surge in its growth due to the increase in terrorist activities across the world. One of the primary factors augmenting the demand in the global explosive trace detection market could be the growing need to improve security screening procedures. There are a number of government regulations implemented to bring a much needed change in security screening.

However, there are certain factors expected to hinder the progress of the global explosive trace detection market. For instance, expensive maintenance and extortionate costs of systems could slow down the adoption rate in the global explosive trace detection market. Nonetheless, availability of advanced features such as integrated GPS and use of ground penetrating radar (GPR) technology in the systems are foreseen to maintain the demand in the global explosive trace detection market.

Global Explosive Trace Detection Market: Trends and Opportunities

The global explosive trace detection market could find growth opportunities in various applications such as commercial, public safety and law enforcement, transportation and logistics, and military and defense. High requirement of detectors in public safety and law enforcement is predicted to bode well for the global explosive trace detection market. This application could show quicker growth in the global explosive trace detection market. It benefits from the availability of real-time 3D color images obtained with the use of explosive trace detection systems.

Handheld and vehicle-mounted systems offered in the global explosive trace detection market are foretold to attract a whole lot of demand in the coming years. Increasing awareness about features such as tri-mode operation and optical character recognition (OCR) could swell the demand for these systems in the global explosive trace detection market.

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Global Explosive Trace Detection Market: Market Potential

Vendors are prophesied to explore new industries which could find applicable use of explosive trace detection systems. Recently, Australian Centre for Research on Separation Science (ACROSS) of the University of Tasmania developed the GreyScan technology supported by industry partner Grey Innovation. The technology is said to be the Australian industry’s achievement in giving the world its first practical detector of homemade explosives. It may be trialed by the U.S. Transport Security Administration (TSA) as part of its aviation security measures. TSA recognizes that the technology fills the capability gap of inorganic explosives trace detection.

Global Explosive Trace Detection Market: Regional Outlook

In 2016, North America exhibited higher growth in the global explosive trace detection market. The presence of leading vendors in the region is projected to set the tone for valuable growth of the North America explosive trace detection market. On the other hand, Asia Pacific could take advantage of increasing government efforts to improve the defense systems of countries. Besides defense, Asia Pacific is witnessing growing uptake of explosive trace detection systems in other industries such as logistics and transportation. Heavy investments made by vendors and building of new facilities in the U.A.E. are forecast to push the explosive trace detection market in the MEA.

Global Explosive Trace Detection Market: Competitive Landscape

The global explosive trace detection market includes top players such as FLIR Systems, Inc., American Science and Engineering, Inc., Smiths Detection, Inc., and Autoclear, LLC. The need to develop innovative solutions is envisaged to compel manufacturers to strongly invest in research and development activities.

Global Explosive Trace Detection Market by Product

Handheld
Vehicle-mounted

Global Explosive Trace Detection Market by Application

Military and Defense
Transportation and Logistics
Public Safety and Law Enforcement
Commercial

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