Future Market Insights
The market of explosive detectors is growing rapidly due to increase in usage of automatic security equipment which are used to detect explosives of small magnitude depending upon size of objects by using various technologies. Trace detectors and bulk detectors are two major technologies which plays vital role in detection of explosives.
The explosive detection has significance in various application areas such as homeland security which is also used in counter terrorism due to massive adoption of research activities. Explosive trace detectors are on high trend and they are adopted by many organizations due to its advanced feature such as detection of minute (millionth of gram) traces of explosive material which are invisible to naked eye.
Explosive Detectors:Drivers and Challenges
One of the major driving factor of explosive detectors market is growing security concerns in aviation industry and increasing incidences of terror attack that has strengthened the focus of security bureaus to implement reliable security measures in sensitive infrastructure and vulnerable areas. Robotics-based explosive detectors is another leading market driver which is expected to gain traction and growth in explosive detectors market due to flexible system architecture which is divided into four parts that are measurement, manipulation, mobility and monitoring approach towards error detection.
The major restraining factors of explosive detector market are increase in cyber threat and risk of device failure which is expected to suppress market growth of explosive detectors.
Segmentation on the basis of technology:
Segmentation on the basis of product type:
Segmentation on the basis of verticals:
Explosive Detectors: Key Players
Some of the key players of Explosive detectors market are:Safran SA, Smiths Group PLC, L-3 Communications Holdings, OSI Systems, Nuctech Co. Ltd., Implant Sciences Corporation, Chemring group PLC, American Science & Engineering, Analogic Corporation and Leidos Holdings.
Explosive Detectors: Regional Overview
Presently, North America region is holding significantly large market share of explosive detectors due to high adoption of explosive detectors in vulnerable areas and public places. In this region, presence of large number of security vendors and increasing threats are contributing to the growth of explosive detector market.
Europe region is expected to offer potential growth opportunities in the explosive detectors market in positive manner owing to the increasing terrorist attacks and immigration rate.
The report covers exhaustive analysis on:
Explosive DetectorsMarket Segments
Regional analysis forExplosive Detectors, market includes development in the following regions:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.