Mass Threat Detection System Market Trend, Share, Growth, Size and Forecast 2030

Mass Threat Detection System Industry Prospective:

The global mass threat detection system market size was evaluated at $5.84 billion in 2022 and is slated to hit $9.27 billion by the end of 2030 with a CAGR of nearly 5.90% between 2023 and 2030.

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Mass Threat Detection System Market: Overview

Mass threat detection systems are products that find a spectrum of applications in subway stations and mass banquets. They are used for identifying individuals that carry prohibited and suspicious goods. Mass threat detection systems have proved to be a remarkable tool for a slew of businesses, firms, and public spaces that include schools, arenas, office buildings, and concert venues. These products play a key role in preventing mass shootings, burglary, trespassing, and theft activities and this has enhanced its use across various end-use sectors across the globe.

Key Insights

• As per the analysis shared by our research analyst, the global mass threat detection system market is projected to expand annually at the annual growth rate of around 5.90% over the forecast timespan (2023-2030)
• In terms of revenue, the global mass threat detection system market size was evaluated at nearly $5.84 billion in 2022 and is expected to reach $9.27 billion by 2030.
• The global mass threat detection system market is anticipated to record massive growth over the forecast period owing to rising security threats and terrorist activities globally have led to a massive need for surveillance activities.
• In terms of detection type, the chemical & biological detection segment is slated to register the fastest CAGR over the analysis period.
• Based on the application, the military & defense segment is anticipated to dominate the segment over the projected period.
• Region-wise, the Asia-Pacific mass threat detection system market is projected to register the highest CAGR during the assessment timeline.

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Mass Threat Detection System Market: Growth Factors

Rise in the terrorism across the globe will spur the growth of the market globally 

Rising security threats and terrorist activities globally have led to a massive need for surveillance activities and this will prompt the growth of the mass threat detection system market globally. Strict government laws regulating the use of security equipment will prompt global market expansion. Apart from this, large-scale use of mass threat detection systems in military & defense, industrial, public utilities, industrial, commercial, and residential sectors will embellish the market trends globally. Furthermore, a surge in the use of these systems at railway stations, supermarkets, retail shops, malls, cinema theatres, and sports stadiums will further augment the business space. Geopolitical instabilities and territorial conflicts have enhanced product demand across the globe. The need for surveillance at public events will further enlarge the scope of the global market. Mass threat detection systems are regularly used for detecting the location of explosives, narcotics, sources of radiation & UV rays, and radars. Apart from this, new product launches have contributed profitably towards the global market earnings. For instance, in February 2022, Evolv Technology, a key manufacturer of AI-based weapon detection security screening systems, introduced a video & mass notification integrated security screening tool.   

Mass Threat Detection System Market: Restraints

Growing issues about data breaches & violations can curtail the global industry expansion

Concerns about data intrusion and violation of data privacy can put brakes on the expansion of the mass threat detection system industry across the globe. Additionally, high costs and budget constraints can further retard the growth of the global industry.  

Mass Threat Detection System Market: Opportunities

A rise in the demand for robotics in the service sector can generate new growth prospects for the market globally 

A surge in the use of robotics in the service sector along with a need for refurbishing the aging infrastructure will open new growth avenues for the mass threat detection system market across the globe. The large-scale popularity of biometric systems in offices and commercial setups will further promulgate the global market demand. 

Mass Threat Detection System Market: Challenges

The surge in the interoperability requirements for firms can challenge the global industry surge over 2023-2030

The rise in the need for interoperability and technological restrictions related to the use of the product has put up a big challenge for the global mass threat detection system industry. The growing complexity of the system can further deter the penetration of the product across various end-use sectors.  

Mass Threat Detection System Market: Segmentation

The global mass threat detection system market is sectored into detection type, application, and region. 

In detection type terms, the global mass threat detection system market is segregated into explosive detection, intrusion detection, chemical & biological detection, narcotics detection, and radiation detection segments. Furthermore, the chemical & biological detection segment, which garnered nearly half of the global market share in 2022, is projected to record the highest CAGR in the upcoming years. The growth of the segment in the forthcoming years can be due to surging security issues related to chemical & biological attacks such as attacks from terrorists making use of bio-chemical weapons of mass destruction.

Based on application, the global mass threat detection system industry is bifurcated into military & defense, public utilities, commercial, industrial, and residential segments. Moreover, the military & defense segment, which accounted lucratively towards the global industry share in 2022, is set to retain its dominant position in the global industry in the years ahead. The segmental expansion over the projected timeline can be subject to a rise in the use of mass threat detection instruments in gathering confidential information for surveillance.    

Mass Threat Detection System Market: Report Scope

Mass Threat Detection System Market: Regional Insights

North America is likely to retain its global market dominance during the forecast period

North America, which accounted for half of the global mass threat detection system market revenue in 2022, will be the leading region during the assessment timeframe. Moreover, the growth of the regional market over the assessment period can be subject to the presence of key suppliers & manufacturers of border security and mass threat detection systems in the U.S. Apart from this new launches will further accentuate the growth of the market in the region. For instance, In June 2023, Evolv Technology, released Evolv Express® 6.0, an upgraded version of an AI-based weapon detection system for schools, clinics, stadiums, hospitals, and warehouses. For the record, in March 2022, Evolv Express was the only advanced system to be awarded the U.S. DHS SAFETY Act Designation as a QATT in the U.S. Such strategic moves will help the market in the region chart a profitable growth trajectory on the map of mass threat detection system business.

The Asia-Pacific mass threat detection system industry is set to register the highest CAGR in the next couple of years due to high-security concerns in the various countries of the Asia-Pacific zone.  Apart from this, supportive government legislation, rising industrialization, and the need for protecting key assets of organizations will proliferate the regional industry expansion. The need for workplace safety and reducing potential risks in manufacturing units will prop up the industry landscape in the Asia-Pacific region.  

Mass Threat Detection System Market: Competitive Space

The global mass threat detection system market profiles key players such as:

• Parsons Corporation
• Honeywell Systems
• Smith Group Plc
• Rapiscan Systems
• Siemens AG
• Thales S.A.
• FLIR Systems Inc.
• OSI Systems Inc.
• Safran SA
• Ameristar Perimeter Security
• Aventura Technologies
• Axis Communications AB
• Avigilon
• Lockheed Martin Corporation
• Raytheon Company
• Northrop Grumman Corporation
• Anixter International
• Chemring Group PLC
• Cobham Plc

The global mass threat detection system market is segmented as follows:

By Detection Type

• Explosive Detection
• Intrusion Detection
• Chemical & Biological Detection
• Radiation Detection
• Narcotics Detection

By Application

• Military & Defense
• Public Utilities
• Commercial
• Industrial
• Residential

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa