Explosive Trace Detection Market cover

Explosive Trace Detection Market by Applications (Public Safety & Law Enforcement, Military & Defense, Commercial, Transportation & Logistics, and Others), Product Types (Vehicle-mounted, Handheld, and Other Detectors), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-3116
  • Author: Growth Market Reports
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  • No. Of Pages: 197
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The global explosive trace detection market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the increased government regulation for enhanced security screening.

Explosive Trace Detection Market summary

Explosive trace detection (ETD) system detects the traces of explosives from the surface of inspected objects. The system analyzes and acquires the trace quantity of explosives and the type of explosive. This is used to detect a small magnitude of explosives. The ETD system is used in places that are more vulnerable to illegal interference, such as airports, access control points of critical infrastructure, and cargo facilities. The technology is also used in the identification of traffickers of illicit material and to detain people handling explosives and narcotics. Ground penetrating radar (GPR) technology is used in the ETD system, which allows the detection of explosives, drugs, and narcotics to a user.

The COVID-19 pandemic outbreak has brought a negative impact on the market. During the pandemic government bodies lowered the budget of the defense sector and the manufacturing of ETD system halted, which is hampering the demand for ETD systems. Additionally, the places where ETD system is mostly used, such as airports were not functional. The market is expected to recover soon as lockdown is lifted and manufacturing plants are resuming due to the sharp decline in the number of the COVID cases in many countries.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising terrorist activities across the globe is one of the key factor driving the market growth.
  • Increasing concern of public place safety, as well as public safety is projected to boost the market during the forecast period.
  • High cost of installation for the ETD system acts as a major challenge that can restrict the market growth in the coming years.
  • Decreasing defense expenditure especially in developing countries is expected to hamper the market growth during the projected timeline.
  • Growing focus on reliable and cost-effective ETD systems is projected to create significant growth opportunities for the market.

Scope of the Report

The report on the global explosive trace detection market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Explosive Trace Detection Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Public Safety & Law Enforcement, Military & Defense, Commercial, Transportation & Logistics, and Others) and Product Types (Vehicle-mounted, Handheld, and Other Detectors)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Smiths Detection Group Ltd.; FLIR Systems, Inc.; Leidos Holdings, Inc.; Autoclear, LLC; American Science and Engineering, Inc.; Analogic Corp.; and OSI Systems, Inc.

Market Segment Insights

Public safety & law enforcement segment to expand at robust growth rate

On the basis of applications, the global explosive trace detection market is divided into public safety & law enforcement, military & defense, commercial, transportation & logistics, and others. The public safety & law enforcement segment is estimated to expand at robust growth rate during the forecast period due to the EDT system offers certain benefits, such as 3D image of explosives and storage of history files for future reference. However, the commercial segment is projected to expand at a considerable CAGR during the forecast period attributed to the rising focus on enhancing security and safety levels at places, including retail markets, airports, hospitals, railway stations, ports, and other such commercial places.

Increasing adoption drive the handheld segment

Based on product types, the market is segmented into vehicle-mounted, handheld, and other detectors. The handheld segment is expected to grow at a rapid pace during the forecast period due to the increasing adoption of these detectors from border security, force protection, and other critical infrastructures. Furthermore, the segment growth is further accelerated as handheld detectors are more convenient to use and offer enhanced detection of explosives. On the other hand, the vehicle-mounted segment is anticipated to expand at a substantial CAGR in the coming years owing to features it provide, including less time consumption in detection, bumper-to-bumper scanning, and optical charter recognition.

Explosive Trace Detection Market product type

North America to constitute a key market share

In terms of region, the global explosive trace detection market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the presence of key global players in the region. However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to development activities started by many defense organizations in the field of explosive trace detection in the region.

Explosive Trace Detection Market region

Segments

Segments Covered in the Report

The global explosive trace detection market has been segmented on the basis of

Applications

  • Public Safety & Law Enforcement
  • Military & Defense
  • Commercial
  • Transportation & Logistics
  • Others

Product Types

  • Vehicle-mounted
  • Handheld
  • Other Detectors

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global explosive trace detection market are Smiths Detection Group Ltd.; FLIR Systems, Inc.; Leidos Holdings, Inc.; Autoclear, LLC; American Science and Engineering, Inc.; Analogic Corp.; and OSI Systems, Inc. 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 engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

Explosive Trace Detection Market keyplayers

For instance, in August 2020, Smiths Detection Group Ltd. extended a partnership agreement with Singapore Changi Airport to offer advanced explosives and hold-baggage detection systems in the airport. In March 2021, FLIR Systems, Inc. was awarded a contract from The US Defense Threat Reduction Agency's Joint Science and Technology Office worth nearly USD 8 million. The contract was for the rapid development of Mass Spectrometry and Ion Mobility Spectrometry technology-based next-generation chemical detection solutions.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Explosive Trace Detection Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Explosive Trace Detection Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Explosive Trace Detection Market - Supply Chain
  4.5. Global Explosive Trace Detection Market Forecast
     4.5.1. Explosive Trace Detection Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Explosive Trace Detection Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Explosive Trace Detection Market Absolute $ Opportunity
5. Global Explosive Trace Detection Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Explosive Trace Detection Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Explosive Trace Detection Demand Share Forecast, 2019-2026
6. North America Explosive Trace Detection Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Explosive Trace Detection Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Explosive Trace Detection Demand Share Forecast, 2019-2026
7. Latin America Explosive Trace Detection Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Explosive Trace Detection Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Explosive Trace Detection Demand Share Forecast, 2019-2026
8. Europe Explosive Trace Detection Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Explosive Trace Detection Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Explosive Trace Detection Demand Share Forecast, 2019-2026
9. Asia Pacific Explosive Trace Detection Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Explosive Trace Detection Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Explosive Trace Detection Demand Share Forecast, 2019-2026
10. Middle East & Africa Explosive Trace Detection Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Explosive Trace Detection Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Explosive Trace Detection Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Explosive Trace Detection Market: Market Share Analysis
  11.2. Explosive Trace Detection Distributors and Customers
  11.3. Explosive Trace Detection Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Smiths Detection Group Ltd.
     11.4.2. FLIR Systems, Inc.
     11.4.3. Leidos Holdings, Inc.
     11.4.4. Autoclear, LLC
     11.4.5. American Science and Engineering, Inc.
     11.4.6. Analogic Corp.
     11.4.7. OSI Systems, Inc.

Segments Covered in the Report

The global explosive trace detection market has been segmented on the basis of

Applications

  • Public Safety & Law Enforcement
  • Military & Defense
  • Commercial
  • Transportation & Logistics
  • Others

Product Types

  • Vehicle-mounted
  • Handheld
  • Other Detectors

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Key players competing in the global explosive trace detection market are Smiths Detection Group Ltd.; FLIR Systems, Inc.; Leidos Holdings, Inc.; Autoclear, LLC; American Science and Engineering, Inc.; Analogic Corp.; and OSI Systems, Inc. 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 engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

Explosive Trace Detection Market keyplayers

For instance, in August 2020, Smiths Detection Group Ltd. extended a partnership agreement with Singapore Changi Airport to offer advanced explosives and hold-baggage detection systems in the airport. In March 2021, FLIR Systems, Inc. was awarded a contract from The US Defense Threat Reduction Agency's Joint Science and Technology Office worth nearly USD 8 million. The contract was for the rapid development of Mass Spectrometry and Ion Mobility Spectrometry technology-based next-generation chemical detection solutions.

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