Key Market Dynamics in Contraband Detector Market

The report "Contraband Detector Market with COVID-19 Impact Analysis by Technology (X-ray,Metal,Spectroscopy), Screening Type (People, Baggage&Cargo, Vehicle),Deployment Type (Fixed,Portable), Application and Regio - Global Forecast to 2026", size is expected to grow from USD 3.9 billion in 2021 to USD 5.6 billion by 2026, at a CAGR of 7.5%. Growing security concerns due to rapid urbanization is expected to fuel the demand for the contraband detector market. The growing demand for contraband detection technologies for transportation applications is expected to play a vital role in the growth of the contraband detector market.

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The market has declined in 2020, mainly due to the impact of COVID-19. The retail, transportation, and automotive supply chains were disrupted in March and April 2020 due to the lockdown imposed by various governments and labor shortages in industries due to travel restrictions, reduced demand from end-users which affected the contraband detector market. Though the market is impacted in 2020, it is expected to fully recover by 2021.

X-ray imaging technology is expected to witness the highest market share during the forecast period

The contraband detector market for x-ray imaging technology is expected to witness the highest market share during the forecast period. X-ray screening technologies such as backscatter and computed tomography (CT) are largely used at various critical places worldwide. With technological advancements various technologies of x-ray imaging including backscatter technology, energy transmission and computed tomography (CT) its adoption in transportation, retail and government applications is increased. This has led the x-ray imaging technology market to have significantly the highest market share during the forecast period.

Transportation application is expected to have the largest market share during the forecast period

The market for transportation application is expected to have significantly the largest market share during the forecast period. This can be attributed to the consistent demand for contraband detector systems in transit locations such as airports, seaports, railway stations and others. These locations have a major threat of illicit material transit. This has led to increased demand for contraband detectors in transportation application. Also, there has been an increasing adoption of temperature sensing and touchless contraband detectors in such transit locations due Covid pandemic. Touchless technological innovations are seen to be adopted more due to hygiene essentials. Such developments are expected to drive the market for transportation application during the forecast period.

The Asia Pacific is expected to grow at the highest rate

The market in APAC is expected to grow at the highest rate during 2021–2026. The global market players are experiencing increased demand for contraband detectors from countries such as China, Japan, India, and South Korea. Increasing demand for contraband detectors such as screening systems, metal detectors, and others in China, Japan, South Korea, and India is expected to drive the growth of the contraband detector market in the region.

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Major players in the contraband detector market include Leidos ( US), OSI Systems, Inc. (US), Smiths Group PLC (UK), Nuctech Company Limited (China), Metrasens ( UK), ADANI (US), Costruzioni Elettroniche Industriali Automatismi C.E.I.A. Spa (Italy), Berkeley Varitronics Systems, Inc. (US), Godrej Security Solutions (India) and Campbell/Harris Security Equipment Company (US) among others.

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This release was published on openPR.