Explosive Trace Detection Market Growth Outlook With Industry Review and Forecasts by 2024

News   •   Aug 23, 2017 03:48 EDT

North America is projected to hold a major share in the explosive trace detection market over the forecast period owing to the increasing number of security vendors in the region. Additionally, recent terrorist activities are promoting the demand for these devices in Europe, thus offering opportunities to the industry players.

Explosive Trace Detection Market size is anticipated to grow during the forecast timeline owing to the growing needs for strict screening processes and enhanced security. Increasing risk of terrorism across the globe has prompted the demand for high-level monitoring in government, public, aviation, nuclear power plants, transportation, embassies, and other places. The security agencies and the government officials are using these detectors as a part of the security program to protect the citizens and significant infrastructure from the attacks. With the increasing frequency of terrorist attacks, the explosive trace detection market is likely to gain traction in the coming years.

The increase in violence along with political conflicts in different regions is boosting the need for security screening globally. Numerous government legislations are formulated to improve the safety screening at airports, to take care of the surface transportation and supply chain security, to safeguard infrastructure, and to detect and avoid radiological, biological, and nuclear threats worldwide.

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Government regulations are playing a key role in the advancement of security screening devices. For instance, in the U.S., major customers are the government agencies and the demand for security detectors rely on state priorities and administrative initiatives. The U.S. has proposed a legislation to enforce 100 percent cargo screening services, which is supposed to boost the explosive trace detection market growth.

Advancements in explosive detection products by implementing advanced sample collection techniques have established a substantial trend in the market globally, helping product enhancement and better performing trials. New advanced explosive trace detection devices can gather trace particle from the material, which is to be examined in essential amounts. Technological advancements are helping these devices to perform the tasks efficiently and report the findings of any destructive material. This new development is projected to improve the product penetration and drive explosive trace detection market growth.

Rising demand for security, the protection of organizations with national importance along with public safety is projected to create new growth opportunities for the industry participants. In addition, growing Chinese investment in the construction of new airports is also predicted to offer a huge potential for the industry growth.

The high cost of installation is expected to restrain the explosive trace detection market growth. The economic downturn has decreased government expenditure on public security, which is likely to hinder the industry growth during the forecast time period.

The explosive trace detection market is segmented by technology into thermo-redox, mass spectrometry, chemiluminescence, colorimetric & automated colorimetric, ion mobility spectrometry, and amplifying fluorescent polymer.

Based on application, the explosive trace detection market is segmented into aviation, transportation security, secured facilities, and defense. The aviation segment is anticipated to lead the market owing to the increasing air cargo and air passengers in the growing economies.

By product, the explosive trace detection market is segmented into robotics, vehicle-mounted, handheld, and biosensors. Robotic explosive detectors are expected to gain the maximum market share in the projected period owing to their greater level of control and efficiency. Recent developments in unmanned systems have increased the remarkable market base of robotics-based explosive detectors.

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Some of the key players in the explosive trace detection market include Biosensor AB, Auto Clear, OSI Systems, Hitachi, Westminster International, ICx Technologies, Smiths Detection, Mistral Security, Scent Detection, Ketech Defence, Nuctech Co., Ltd., L-3 Communications, and Morpho Detection, Inc. These major players are adopting strategies to compete and sustain in the market that include strategic acquisitions and partnerships.

In July 2017, OSI systems acquired Morpho global explosive. The acquisition of this ETD segment of Smiths Group is complementary to the current operations and this will enable the company to serve customers’ unique needs seeking to secure public venues, borders, airports, and critical infrastructure. This acquisition will fill the gap in their aviation checkpoint offerings, which presently includes carry-on baggage inspection, automated tray return solutions, and passenger screening.

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