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Explosive Detectors Market - Industry Analysis Growth Forecast by 2024
Explosive Detectors Market: OverviewExplosive detectors are rapid automatic security equipment capable to detect explosive of small magnitude using various technologies depending upon the size of object. The detection of the explosive could be done by using two technologies, trace detectors and bulk detectors. The detection of explosives and other explosive-related compounds has in recent times become a greater priority not just for homeland security but also for counter-terrorism applications. There has thus been a massive increase in research activities within this area. This has occurred via the development of new, innovative detection approaches and the improvement of existing techniques.
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The explosive detectors market has been experiencing massive growth in the recent years due to rising terrorist activities across the globe and government legislations for enhanced and efficient security screening. The increasing demand for antiterrorism activities and tighter screening process to protect the citizens and infrastructure from terrorist attacks is boosting the demand and adoption of explosive detectors.
Moreover, growing security concerns in the aviation industry is one of the major factor driving the global market. However, increasing cyber threats and risk of device failure in public safety is expected to suppress the market growth. Demand for innovation of more reliable and cost effective explosive detectors is expected to create new opportunity for the companies operating in explosive detectors market.
Explosive Detectors Market: Segmentation
The global explosive detectors market is segmented based on the technology, product type, verticals and geography. Based on the technology, the global explosive detectors market is segmented into trace detectors and bulk detectors. Trace detectors are typically deployed for detecting a quantity that is invisible to the naked eyes. Whereas, bulk detectors are deployed for detecting the objects visible with naked eyes.
Based on the product type, the market is classified into vehicle mounted, handheld, robotics, and biosensors. Global explosive detectors market are also classified based on the verticals into military and defense, transportation and logistics, aviation, public places and commercial sector including retail, healthcare, hospitality and institutional.
On the basis of geography, the global explosive detectors market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Among these, North America is expected to experience high adoption rate for explosive detectors across various vertical markets. The presence of a large number of security vendors and increasing threats are contributing to the growth for explosive detectors market in the North America region. Moreover, Europe is expected to offer potential growth opportunities in the explosive detectors market owing to the increasing terrorist attacks and high immigration rate.
Explosive Detectors Market: Competitive Overview
The global explosive detectors market is highly competitive in nature and is marked with the presence of several international and domestic key players. Some of the leading companies operating in the global explosive detectors market transforming the market with product innovation are Safran SA, Smiths Group PLC, L-3 Communications Holdings, Inc., OSI Systems, Inc., Nuctech Co. Ltd., Implant Sciences Corporation, Flir Systems, Inc., Chemring group PLC, American Science & Engineering, Inc., Analogic Corporation, and Leidos Holdings, Inc. among others.
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