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Explosive Detectors Market is Expected to Reach 6.12 Billion USD by 2020: MRRSE
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Explosive 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.
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.
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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.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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About MRRSE
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
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