Global “Explosive Trace Detection Market” report offers an overview of the market size, share, trends, drivers, and barriers with respect to the Explosive trace detection Industry. Latest report on the global Explosive trace detection market is a compilation of key market insights and discusses key market dynamics such as drivers, restraints, and opportunities at length. It also provides a comprehensive overview of the market of different regions across North America, Europe, Asia Pacific, South America, Africa and Others.
The Explosive trace detection Market report discusses the primary
industry growth drivers and challenges that the vendors and the market as a
whole face and provides an overview of the key trends emerging in the market.
It also talks about the market size of different segments and their growth
aspects along with key leading countries in Americas, Asia-Pacific, Europe, the
Middle East, and Africa regions.
Significant Features that are under Offering and Key Highlights of the
Reports:
• Detailed overview of Explosive trace detection Market
• Changing market dynamics of the Explosive trace detection industry
• In-depth market segmentation by Type, Application etc
• Historical, current and projected market size in terms of volume and
value
• Competitive landscape of Explosive trace detection Market
• Strategies of key players and product offerings
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The global explosive trace detection market size
is expected to value at USD 2.36 billion by 2025, during the forecast period.
The market is subject to witness a substantial growth due to the increase in
terrorist activities around the world, rise in the use of trace detectors for
illegal arms and drug trafficking, and growing adoption by domestic law enforcement
agencies. The use of explosive trace detectors offers enhanced capabilities
such as an integrated global positioning system that allows consumers to locate
position of object, and larger storage capacity to share critical information
over communication channel. In addition, explosive trace detectors allow
operators to view images of objects placed inside of closed box on the
touchscreen-enabled LCD displays. Globally, the explosive trace detection
market is predicted to grow at CAGR of 10.5% in forecast period, providing
numerous opportunity for market players to invest for research and development
in the explosive trace detection market.
However, critical factors such as rising cost related to
the deployment and repairs of explosive trace detectors, decline in the defense
expenditure and saturation of such devices mainly in developed economies are
significantly hampering growth of the market. Moreover, strict norms and
guidelines for use of the security screening equipment are limiting market
expansion in recent years. Yet, deployment of advanced methodologies similar to
the real time three dimensional color images fueling progress of the explosive
trace detection market in upcoming years.
Explosive trace detectors consist of various feature
similar to LED indicators, high intensity alarms, real time data monitoring,
and longer life cycle of battery. Such functionalities create an impression of
safety for individuals during travel or various activities. The application of
explosive trace detectors involves military and defense, domestic market
stores, transportation services, and numerous other sectors. Explosive trace
detectors offer important firmware updates on regular basis via internet in
order to install excess of features and necessary upgradation to the software
for better performance. Explosive trace detectors consist of touchscreen-based
LCD displays to showcase necessary information about the placed object.
Explosive trace detectors constitute a storage facility for storing and sharing
real time data via web services on parodic basis.
Explosive trace detectors mainly utilized in various
transportation services such as airlines, maritime commercial facilities, cargo
facilities and access control stations for airlines and ports. The critical aim
of the explosive trace detection devices is to interject and avoid illegal
access of individual carrying explosives. Rising use of explosive trace
detector is further extended to commercial sectors such as public concerts,
malls and political rallies. The aim of these devices is to seize and detain
individuals carrying such explosives in order to harm innocents.
Growing terrorist activities is leading to the adoption
of explosive trace detectors mainly in custom facilities. The critical
requirement of improving domestic security and limiting trafficking of
explosives is allowing law agencies to integrate explosive trace detectors as
primary defense mechanism. An explosive trace detection system is also used to
identify the type of explosive by analyzing a trace of an explosive from the
surface part of the examined object. Various methodologies are implemented to
carry out effective detection of explosives such as separation, selection,
measurement, and display analysis and to formulate type of explosive. With
recent technological advancement, detection of high power plastic explosives is
also performed in a short duration of time.
The market is divided into regional market segment such
as North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise adoption of latest
technologies and presence of leading industry players. Asia-Pacific region is
predicted to hold major market share in the explosive trace detection market
with massive growth in forecast period. Countries such as India, China and
Japan are leading the Asia-Pacific market with growing preference towards
public safety and law administration.
The key players in the explosive trace detection industry
are Autoclear Technologies, Smiths Detection Incorporations, American Science
and Engineering Incorporations, FLIR Systems Incorporations, OSI
Incorporations, Leidos Holdings Incorporations and Analogic Co.
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