Explosive Detection Technology Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Matheson Tri-Gas, Inc. MS Technologies Inc. OSI Systems Inc.

Explosive detection technology market is anticipated to grow at a CAGR of 6.3% during the forecast period (2024-2031). The explosive detection technology market is driven by increasing security concerns, stringent regulations, technological advancements, increasing air passenger traffic, military modernization programs, investments in R&D, emerging new threats, integration of AI and ML, growing demand for non-intrusive screening solutions, and public safety concerns. These factors drive the adoption of explosive detection technologies across sectors such as transportation, aviation, defense, law enforcement, and critical infrastructure protection. Advancements in sensor technologies, such as trace detection systems and X-ray scanners, improve detection accuracy and speed. The growing demand for non-intrusive screening solutions and public safety concerns further drive the adoption of explosive detection technologies.

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The increasing number of passengers and flights drives explosive detection technology market expansion owing to the increasing demand for aviation security solutions. According to the Government of India, in April 2023, the domestic airlines transported 112.9 million passengers in 2022 compared to 87.4 million in 2022, a 29.1% increase. Airlines carried 45.9 million international passengers between January and September 2023, a noteworthy 39.6% increase over the 32.9 million passengers carried over the same period in 2022.

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• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Explosive Detection Technology Market by Technology Type
o Trace Detector
o Bulk Detector

Global Explosive Detection Technology Market by Function
o Manual
o Handheld
o Automated

Global Explosive Detection Technology Market by End-user
o Airport
o Critical Infrastructure
o Ports and Borders
o Military and Defense

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World
o Latin America
o Middle East & Africa

Company Profiles
o Analogic Corp.
o Bruker Corp.
o Chemring Group PLC
o Cobham Ltd.
o DetectaChem
o Elbit Systems Ltd.
o Emerson Electric Co.
o Kromek Group plc
o Leidos, Inc.
o Matheson Tri-Gas, Inc.
o MS Technologies Inc.
o OSI Systems Inc.
o Safran Group
o Security Electronic Equipment Co., Ltd.
o Scanna MSC Inc
o Smiths Group plc
o Thermo Fisher Scientific Inc.
o Westminster Group Plc

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global explosive detection technology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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