Press release
Leading Element Driving Change in the Explosive Detection Technology Market in 2025: Rising Global Terrorism Fuels Growth In Explosive Detection Technology Market Driver
Explosive Detection Technology Market Size
The market size for explosive detection technology has been experiencing robust growth in recent years. The industry, valued at $7.33 billion in 2024, is projected to expand to $7.82 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.7%. Several factors have driven growth historically, including heightened national security concerns, increased defense and homeland security fundings, an upsurge in the demand for screening technologies, growing investments in research and development, and a rise in the utilization of drones._x000D_
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The market for explosive detection technology is set for significant expansion in the upcoming years. It's projected to reach $10 billion by 2029, with a compound annual growth rate (CAGR) of 6.4%. The growth anticipated in this period is due to several factors such as the rise in the number of airports and related investments, elevated defense and military expenditures, an increase in government initiatives, heightened demand for security systems, and the escalating risk of explosive attacks. Upcoming trends for this period are expected to include technological advancements, artificial intelligence integration, advancement in sensor technology, robotics, and data analysis._x000D_
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What Are the Forces Behind the Rapid Growth of the Explosive Detection Technology Market?_x000D_
The upward trend in global terrorism is predicted to fuel the expansion of the explosive detection technology market. Terrorism, defined as the employment of violence, threats, or intimidation, often directed at innocent civilians, for political, religious, or ideological ends. The rise in terrorism can be attributed to political instability, ideological extremism, socio-economic disparities, technology advancements, and ongoing geopolitical conflicts. Explosive detection technologies are employed for counter-terrorism purposes in order to detect and prevent the use of explosives in public spaces, airports, and high-risk zones, assuring safety and security. For example, in December 2023, the Institute for Economics & Peace, an Australian-based organization, revealed in its 2023 Global Terrorism Index that terrorist attacks have become more deadly, with the average fatalities per attack growing by 26%. In 2022, the fatality rate per attack rose to 1.7, an increase from 1.3 in 2021. Hence, the surge in global terrorism is spurring the growth of the explosive detection technology market._x000D_
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Who Are the Dominant Companies Influencing Explosive Detection Technology Market Trends?_x000D_
Major companies operating in the explosive detection technology market are General Electric Company, Safran SA, L3Harris Technologies Inc., Leidos Holdings Inc., Elbit Systems Ltd., Smiths Detection Group Ltd., Bruker Corporation, Cobham PLC, FLIR Systems Inc., MSA Safety Incorporated, OSI Systems Inc., Chemring Group PLC, Analogic Corporation, Nuctech Company Limited, Rapiscan Systems Inc., American Science and Engineering Inc., Implant Sciences Corporation, Morpho Detection LLC, Autoclear LLC, Viken Detection LLC, Kromek Group PLC, Proengin SA_x000D_
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Which Key Developments Are Influencing the Explosive Detection Technology Market?_x000D_
Leading firms active in the explosive detection technology market are concentrating their efforts on producing innovative solutions, such as portable trace detection systems, in order to improve security in a variety of settings. A portable trace detection system is a compact device that can detect small traces of explosive materials in real-time, making it ideal for swift and effective checks at locations including airports, borders, and major public events. For example, in April 2023, Pokhriyal, a company based in India that produces advanced explosive detection systems, introduced NanoSniffer. NanoSniffer is a microsensor-based explosive trace detection device. It's designed to quickly and accurately identify explosives, making it a perfect fit for a wide range of uses including airport security, military operations, and public safety._x000D_
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What Are the Different Segmentations in the Explosive Detection Technology Market?_x000D_
The explosive detection technology market covered in this report is segmented -_x000D_
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1) By Technology: Bulk Detection; Trace Detection_x000D_
2) By Function: Automated; Manual_x000D_
3) By Application: Transport Safety; Safeguarding Facilities; Other Applications_x000D_
4) By End Use: Air Transport; Critical Infrastructure; Ports And Borders; Military And Defense_x000D_
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Subsegments:_x000D_
1) By Bulk Detection: X-ray Inspection Systems; Gamma-ray Detection Systems; Neutron Activation Systems; Ground Penetrating Radar (GPR); Explosive Detection Using Canine-Assisted Detection Systems; Bulk Acoustic Wave (BAW) Sensors; Acoustic and Vibration-Based Detection Systems; Advanced Radar Imaging For Bulk Detection_x000D_
2) By Trace Detection: Ion Mobility Spectrometry (IMS); Mass Spectrometry (MS); Laser-Induced Breakdown Spectroscopy (LIBS); Surface Enhanced Raman Spectroscopy (SERS); Chemical Ionization Detection; Photoionization Detectors (PID); Field Asymmetric Ion Mobility Spectrometry (FAIMS); Electronic Nose and Sensor Arrays For Trace Detection_x000D_
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Which Region Is at the Forefront of the Explosive Detection Technology Market?_x000D_
Asia-Pacific was the largest region in the explosive detection technology market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the explosive detection technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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What Is Covered In The Explosive Detection Technology Global Market Report?_x000D_
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- Market Size Analysis: Analyze the explosive detection technology Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the explosive detection technology Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall explosive detection technology market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the explosive detection technology market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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