About Explosive Trace Detection
Increasing government regulations for enhanced security screening will help to boost the global Explosive Trace Detection market. Explosive trace detectors offer advanced features such as integrated GPS, which enables users to receive precise target location and store and share data with other users via wired and wireless connection for enhancing communication. Additionally, they enable users to receive clear images of materials identified through the touchscreen color display. A rise in terrorist activities across the globe has further elevated demand for these devices and services.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key players competing in the global explosive trace detection marketed Companies are focusing on investment in R&D to develop innovative solutions in ETD system to maintain their position in the market. Furthermore, companies have widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Explosive Trace Detection 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.
American Innovations (United States), Autoclear (United States), Biosensor Applications AB (Sweden), Detecta Chem (United States), FLIR Systems (United States), Implant Sciences Corp. (United States), NUCTECH Co. Ltd (China), Smiths Detection (United Kingdom) and American Science and Engineering, Inc. (United Staes) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Leidos Holdings, Inc. (United States), Analogic Corporation. (United States) and OSI Systems, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Explosive Trace Detection market by Type (Vehicle-Mounted, Handheld, Robotics and Biosensors), Application (Critical infrastructure, Costumes & border protection, Event security, Law enforcement and Event security) and Region.
On the basis of geography, the market of Explosive Trace Detection 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Technology, the sub-segment i.e. Chemiluminescence will boost the Explosive Trace Detection market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Military and Defense will boost the Explosive Trace Detection market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Tighter Screening Process and Antiterrorism Activities and Growing Security in the Aviation Industry
Market Growth Drivers:
The rise in Terrorist Activities Across the Globe and Government Legislations for Enhanced Security Screening
Challenges:
Health Hazards of Full-Body Screening Using X-Ray Bulk Detectors and High Cost of Operation and Maintenance
Restraints:
Increasing Cyber Threats and Decreasing Government Spending on Explosive Detectors and Declining Global Spending of the Defense Sector
Opportunities:
The innovation of More Reliable and Cost-Effective Explosive Detectors
Market Leaders and their expansionary development strategies
In April 2023, Los Angeles International Airport implements new ETD systems for baggage screening, aiming to enhance security and passenger flow.
Key Target Audience
Research Organizations, Consulting Firms, System Integrators, Government Regulatory Bodies, Private Research Organization, Government Research Organization 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.