12-Jan-2021 | Zion Market Research
According to researchers at Zion Market Research, the global explosive trace detection market is predicted to witness a growth of 10.8% CAGR during the forecasted period 2019–2025. The augmenting administrative policies for better security screening are major factors impelling the market growth. A surge in terrorist activities around the world has further increased demand for these services and devices. The explosive trace detectors present advanced features like integrated GPS, which allows users to get specific target locations and store & share data with other users through wired & wireless connection for improving communication. In addition, they allow users to get clear images of materials detected via touch screen color display. These devices use GPR (Ground Penetrating Radar) technology, which facilitates users to identify both organic & inorganic materials like narcotics, explosives, and drugs. They also present characteristics like expandable libraries, which helps users to store large amounts of data.
Some of the key participants in the market are Smiths Detection, Inc.; Autoclear, LLC; FLIR Systems, Inc.; American Science and Engineering, Inc.; Leidos Holdings, Inc.; OSI Systems, Inc.; and Analogic Corporation. These contenders are targeting on partnering with other players. Furthermore, they are making huge investments in research & development to build up innovative solutions and put on a competitive edge over others.
The Intensifying Need For Aviation Security To Accelerate The Growth Of Global Explosive Trace Detection Market
The main drivers for the market are the intensifying aviation security need and precision in policies of public safety. The surge in terrorist attacks around the world, increasing number of hijacks of the plane, and augmenting concern of safety are expected to expand the market. Nevertheless, the initial high cost of set up is supposed to be one of the prime limiting aspects of the expansion of the market.
The global explosive trace detection market is bifurcated on the basis of technology, type, end-use, and regional analysis. Based on the technology, the market is divided into thermo-redox, chemiluminescence, mass spectrometry, amplifying fluorescent polymer, colorimetric & automated colorimetric, and ion mobility spectrometry. Based on the type, the market is divided into table top, hand held, and other detectors. Based on the end use, the market is divided into costumes & border protection, critical infrastructure, law enforcement, event security, event security, and ports.
The North America Region Projected To Dominate The Global Explosive Trace Detection Market
Based on geographical analysis, the global explosive trace detection market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region is likely to rule the explosive trace detectors market and is anticipated to grow with a noteworthy growth rate, mainly owing to increasing administrative investments for enhancing security. The global market is boosted by growing terrorist activities in nations like Pakistan, India, Bangladesh, and so the explosive trace detectives market across the Asia Pacific region is estimated to witness significant growth during the forecasted period. Moreover, the increasing number of airports will propel aviation security spending, which in return, will fuel the demand for explosive trace detectors. The augmenting turmoil in Middle-East countries, like Iraq, Syria, Yemen, Saudi Arabia, etc. is projected to drive the explosive trace detectors market during the estimated period.
Browse the full “Explosive Trace Detection Market - By Technology (Thermo-Redox, Chemiluminescence, Mass Spectrometry, Amplifying Fluorescent Polymer, Colorimetric & Automated Colorimetric, And Ion Mobility Spectrometry), By Type (Table Top, Hand Held, And Other Detectors), By End Use (Costumes & Border Protection, Critical Infrastructure, Law Enforcement, Event Security, Event Security, And Ports), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/explosive-trace-detection-market
The global explosive trace detection market is segmented as follows:
By end use:
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