Space & Defense

Global Explosive Detectors Market Forecast 2024 scrutinized in New Report

Press Release

The global explosive detectors market is expected to grow from USD 4,356.15 million 2017 to USD 9,027.65 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 10.97%.

“Rise in terrorist activities across the globe is one of the factors largely attributing to the growth of explosive detectors market globally”

The factors attributing to the growth of the market are a rise in terrorist activities across the globe, increasing global spending of the defense sector, government regulations for enhanced security screening, increasing demand for the tighter screening process and anti-terrorism activities, and growing security in the aviation industry. However, some factors such as innovation in explosive devices and the growing number of improvised explosives devices(ied), and risk of failure of explosive detection device may hinder the market growth. The global explosive detectors market is expected to showcase the opportunities such as an innovation of reliable, efficient and cost-effective explosive detection devices. In the near future, the market may face the possible challenges in the growth due to health hazards due to the use of x-ray based detectors, high cost of operation and maintenance, and increasing sales of counterfeit and fake explosive detectors. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global explosive detectors market.”Handheld Explosive Detectors: The highest growing product for the global explosive detectors market”

On the basis of product, the global explosive detectors market is studied across Biosensors, Handheld Explosive Detectors, Robotics-Based Explosive Detectors, and Vehicle-Mounted Explosive Detectors. Among all these products, the Handheld Explosive Detectors is projected to hold the largest market share while the Handheld Explosive Detectors has the potential to grow the market with the highest CAGR in the forecast period.”Bulk Detectors: The highest growing technology for the global explosive detectors market”

On the basis of technology, the global explosive detectors market is studied across Bulk Detectors and Trace Detectors. Among all this technology, the Bulk Detectors is projected to hold the largest market share while the Bulk Detectors has the potential to grow the market with the highest CAGR in the forecast period.”OEM: The highest growing type for the global explosive detectors market”

On the basis of type, the global explosive detectors market is studied across Aftermarket and OEM. Among all these types, the OEM is projected to hold the largest market share while the OEM has the potential to grow the market with the highest CAGR in the forecast period.”Aerospace & Defense: The highest growing application for the global explosive detectors market”

On the basis of application, the global explosive detectors market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, and Travel & Hospitality. Among all these applications, the Aerospace & Defense has captured the maximum market share while the Government & Public Sector has the opportunity to emerge with the highest CAGR.”Americas: The highest growing geography for the global explosive detectors market”

On the basis of geography, the global explosive detectors market is studied across the Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geographies, the Asia-Pacific is showing the maximum growth in the near future with the highest CAGR while the Americas is dominating the market with the highest market size.

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“Agilent Technologies, Inc.: The potential growing player for the global explosive detectors market”

The key players profiled in the global explosive detectors market are Agilent Technologies, Inc., Analogic Corporation, Bruker Corporation, Chemring Group PLC, Flir Systems, Inc., Grey Innovation Pty Ltd., L3 Technologies, Inc., Laurus Systems Inc., Leidos Holdings, Inc., Morphix Technologies, Nuctech Co. Ltd., OSI Systems, Inc., Rapiscan Systems, SIENTREX TRACE CORP., and Smiths Detection Inc..

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global explosive detectors market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global explosive detectors market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global explosive detectors market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global explosive detectors market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global explosive detectors market.

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Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Stakeholders
2. Research & Forecasting
2.1. Research Methodology
2.1.1. Research Instruments
2.1.1.1. Secondary Instrument
2.1.1.2. Primary Instrument
2.1.2. Research Approaches
2.1.2.1. Bottom-up Approach
2.1.2.2. Top-down Approach
2.1.3. Research Reliability & Validity
2.1.4. Research Assumptions
2.1.5. Vendor Inclusion Criteria
2.2. Forecasting Methodology
2.2.1. Methodology for Market Estimation & Forecasting
2.2.2. Significance and Importance of the Market Estimation & Forecasting
3. Executive Summary

Continued…

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