About Explosives and Narcotics Trace Detection Technology(ETD)
Explosives trace detection technology is used to intercept, and to prevent access, by people who have handled explosives. It is used at airports, ports, cargo facilities and at the access control points of critical infrastructure. Whereas, Narcotics trace detection technology is used at the entrances to prisons, remand centres, pop concerts and nightclubs. It helps to intercept and detain people who have handled narcotics and to identify either users or traffickers of substances. Both of them, that is explosives and narcotics trace detection is used in customs facilities.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Explosives and Narcotics Trace Detection Technology(ETD) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
L3 Technologies (United States), Smith’s Group (United Kingdom), DetectaChem (United States), Electronic Sensor Technology (United States), American Innovations (United States), Autoclear (United States), MS Tech (United States), Bruker (United States) and FLIR Systems (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Scanna MSC (United Kingdom), Scintrex Trace Corporation (Canada) and Red X Defense (United States).
Segmentation Overview
AMA Research has segmented the market of Global Explosives and Narcotics Trace Detection Technology(ETD) market by Type (Explosive trace detection and Narcotics trace detection) and Region.
On the basis of geography, the market of Explosives and Narcotics Trace Detection Technology(ETD) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Explosives and Narcotics Trace Detection Technology(ETD) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Increasing Demand for ETD Devices
Market Growth Drivers:
Increasing Terrorism Across the World Leading to Use of Explosives and Increasing Security Screenings at Different Places
Challenges:
Public Safety Hazards Owing to Use of Radioactive Sources
Restraints:
High Costs of Operations and Maintenance
Opportunities:
Rising Investment in Detection Technology by Defense Sector
Market Leaders and their expansionary development strategies
In October 2023, Morpho Detection announced a partnership with a leading airline to implement its ETD systems at airports across the globe.
In October 2023, Morpho Detection launched the Morpho TracePRO XBT, a next-generation ETD system offering advanced threat detection capabilities and a user-friendly interface.
Key Target Audience
Device Manufacturers, Raw material suppliers, Government associations, Research organisations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.