What is Polygraph Equipment Market?
A polygraph equipment records the body's involuntary responses to an examiner's questions. This machine is used to known ascertain deceptive behaviour. Polygraph equipment conducts test which measure physiological data from human systems like nervous, cardiovascular, and respiratory. This machine digitally analyse response of systems which help to determine truth. It measures blood pressure, breathing frequency and sweating on the palms. Hence, it is widely used in treatment, diagnosis and security testing.
The market study is being classified by Type (Conventional and Computerised), by Application (Security Testing, Treatment & Diagnostics, Education & Trainings and Other) and major geographies with country level break-up.
Axciton Systems (United States), Lafayette Instrument (United States), Limestone Technologies Inc. (Canada), Stoelting Company (United States), Recorders & Medicare Systems Private Limited (India), Polygraph Investigative Services (Singapore), TRADE GmbH (Germany), Steenholdt GmbH (Germany), Skrip Electronics (India), Meditech (India) and Swagat Bio-Medical (India) are some of the key players profiled in the study.
The Market of polygraph equipment is witnessing huge demand for conducting several diagnosis and treatments with less manual involvement. Thus, the demand for the polygraph equipment has been raised. The market is highly fragmented with the presence of several market players. Owing to market profitability, new entrants are gaining attention with their innovative product offerings which is turn increasing competitive rivalry.
Segment Analysis
Analyst at AMA have segmented the market study of Global Polygraph Equipment market by Type, Application and Region.
On the basis of geography, the market of Polygraph Equipment 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Demand for Polygraph Equipment for Several Testing, Diagnosis and Analysis in Treatments
- Preference for Polygraph Equipment for Security Testing and Lie Detecting in Crime Related Activities has been Raised
Market Trend
- Growing Inclination towards Digital Analog Machines over Conventional
Restraints
- Possibility of False Detection or Negative Results
Opportunities
- Modernising in Government Security Agencies has Created Growth Opportunities
- Technological Advancements with AI and Automation has Made Innovations in Polygraph Equipment
Challenges
- Adverse Effect on Health like Contraction of Sphincter Muscles
Key Target Audience
Polygraph Equipment Manufacturers, Polygraph Equipment Suppliers/Distributors, Raw Material/ Component Suppliers, New Entrants/Investors, Strategic Business Planners, Government Agencies and End Use Industry