Explosive Detection Technologies Market: Facts, Figures and Analytical Insights 2016 - 2026

Introduction:

Explosive detection technology is a non-destructive inspection method deployed at airports, border control, railway depots and ports to determine the existence of an explosive material. Explosive detection is an extremely precarious task to perform and thus efficient explosive detection technologies are required. Several explosive detection technologies are used in explosive detection systems and are classified as bulk explosive detection and traces of explosive detection. Explosive detection technologies differ with the type and nature of explosives.

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Global Explosive Detection Technologies Market Dynamics:

The global explosive detection technologies market is anticipated to be driven by increasing frequency of terrorist activities across different parts of the globe. Moreover, rising political unrest, radiological and nuclear threats in different parts of the world is a key factor propelling the growth of the global explosive detection technologies market. Furthermore, uncompromising governmental regulations on the deployment of explosive detection systems is another major factor fuelling the growth of the global explosive detection technologies market. Increasing use of explosive detection systems at airports, surface transportations, commercial buildings including shopping malls, trade centers etc. are some major factors driving the growth of the market. However, shortage of skilled technicians required to operate the explosive detection systems, less awareness about the new and efficient explosive detection technologies especially in developing regions are some key factors hindering the growth of the market.

Global Explosive Detection Technologies Market Segmentation:

The global explosive detection technologies market can be segmented on the basis of application, technology and region. On the basis of application, the global explosive detection technologies market can be segmented into aviation, military & defense, cargo & transport, commercial and others. On the basis of technology, the global explosive detection technologies market can be segmented into bulk explosives detection and traces of explosives detection. Bulk explosives detection segment can be further segmented into X-rays, infrared, terahertz, microwaves, electromagnetic imaging, neutrons, magnetic resonance and magnetic fields. On the other hand, traces of explosive detection segment can be further sub-segmented into optical, non-optical, biosensors, LIDAR, DIAL, DIRL and others. On the basis of region, the global explosive detection technologies market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, Asia-Pacific excluding Japan and Japan.

Global Explosive Detection Technologies Market: Region-wise Outlook:

Considering regions, North America in the global explosive detection technologies market is expected to dominate the other regions throughout the forecast period accounting for a market share of more than 40% in 2016 followed Asia-Pacific and Europe. Middle East & Africa and Japan are some regions which are expected to unveil significant market growth during the forecast period. Moreover, increasing development activities and strict government legislations on security in the developing countries of Asia-Pacific including China, India etc. is a key factor resulting in a conspicuous growth of explosives detection technologies market in the region.

Global Explosive Detection Technologies Market Players:

The key players involved in the manufacture of explosive detective technologies are Kramek Group, Implant Sciences, Inc., Secintel, Vaporsens, Rapiscan Systems, L-3 Communications Holding, Smiths Detection, Morpho Detection, Elbit Systems among others. Key players in the market are emphasizing on research and development to cultivate innovation in new products in order to maintain pace with the ever increasing competition in global explosive detection technologies market. Increasing demand for explosive detection technologies across the globe especially in developing regions is proportionally driving the companies to opt for new product developments and increase in the production capacities. Moreover, companies are also focusing on key market strategies including partnerships, agreements, mergers, acquisitions and contracts to maintain as well as strengthen their market share in the global explosive detection technologies market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain

Regional analysis includes:

North America
Latin America
Asia Pacific
Japan
Western Europe
Eastern Europe
Middle East & Africa

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

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