Contraband Detector Market In 2021-2026 Including Top Key Players, Trends And Emerging Growth Factors

The Contraband Detector Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Contraband Detector market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Contraband Detector market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Contraband Detector market.

The contraband detector market is expected to register a CAGR of 5.5%, during the forecast period, 2021-2026.

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Top Leading Companies of Contraband Detector Market are - American Science and Engineering Inc, ChemImage Corporation, L-3 Communications Security and Detection Systems, Inc(L3Harris), Smiths Group PLC, OSI Systems, Inc., Nuctech Company Ltd., Metrasens Inc., Adani Systems, Inc., Berkeley Varitronics Systems, Inc., C.E.I.A. SpA, Godrej Security Solutions, Magal Security Systems Ltd. and others.

Industry News and Updates:

- January 2020 - VOTI Detection launched a BioSans MATRIX, which is an X-ray security system based on a 3D perspective that provides clearer and revealing images. Combining machine learning algorithms with the BioSans MATRIX's operating system neural engine helps to create detailed and vivid images of threats and contraband.

- April 2019 - Smiths Detection added weapon detection to its iCMORE family. This product is designed for automatic detection of dangerous, prohibited and contraband goods.

Key Market Trends:

Aviation Industry Offers Potential Growth

- Airports find maximum applications of the contraband detector, and hence, it is expected to witness significant growth for the market.
With increasing passenger traffic, airports are increasingly focusing on security. In the United States, the Transportation Security Administration (TSA) has a set of rules and regulations to vet and screen passengers. The TSA declared a potential investment of USD 3.3 billion and selected 15 organizations to upgrade the passenger and baggage screening services, across the country, at over 435 airports in a 10-year indefinite delivery indefinite quantity (IDIQ) contract, which indicates that security screening at airports is a significant area that may offer growth potential.

Asia- Pacific Expected to Witness Fastest Growth

- Asia-Pacific is expected to have significant growth, owing to the investments for the development of the transportation sector, particularly airports and ports.
- Also, the companies are increasing their footprint in the region to gain a competitive advantage. For instance, Smiths Detection has secured several contracts in China, including the sale of 151 Ionscan 600, which is expected to be deployed across the Chongqing Jiangbei International Airport, Shanghai Pudong International Airport, Qingdao Liuting International Airport, as well as Kunming Changshui, and Cangyuan airports managed by Yunnan Airport Group.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Contraband Detector Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Contraband Detector Market (%),2016 - 2026
- Contraband Detector Market Share, By Brand
- Contraband Detector Market Share, By Company
- Contraband Detector Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Contraband Detector Market Value Analysis & Forecast
- Promising Contraband Detector Development by Major Companies
- Detailed Contraband Detector Portfolio of the Major Companies
- Major Deals in the Contraband Detector Market
- Major Companies Analysis

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