10 January 2019 –
The Global
Explosives Trace Detection Market is expected to grow at a
significant CAGR in the upcoming years as the scope is increasing across the
globe. The need and growing concern for homeland security and safety are
expected to drive growth in the industry. Rise in terrorist activities and
threat of criminal attacks have forced several governments to fortify security
measures. Heavy investments are being
made on adoption of high-end technology to combat terrorism and provide
homeland security. The ETD technology effectively addresses security needs and
helps to monitor, detect, and prevent commercial facilities from threats.
The technology forms a key modality and has gained
prominence within the defense sector, homeland security, and public safety
infrastructure. ETD ensures secured air, sea, and land transportations.
Furthermore, it helps in ensuring public safety, critical infrastructure protection,
and law enforcement. The explosives trace detection market is expected to gain
traction owing to substantial investments in public transportation &
aviation security sector along with public spaces & venues security.
Explosives trace detection provides secured facilities exclusively to first
responders such as firefighters and police officers. Counter terrorism
operations and activities, and tighter screening process are among the key
factors driving market growth.
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The explosives trace detection market is expected to witness
significant growth in North American countries such as the U.S. and Canada.
This growth can be attributed to the need of screening billions of luggage
items and baggage at airports and seaports. Moreover, countries such as the
U.S. along with the European Union have enforced 100% cargo screening on all
passenger flights. This has subsequently bolstered growth in the industry.
Asian countries such as China, India, and Japan have witnessed steady growth in
airport passengers and air cargo traffic. This has led rise in demand for
explosives trace detectors in the region. Moreover, China’s heavy investments
in public security and new airports along with Indian Increasing government
investments and initiatives in counter terrorism activities have incited
explosives trace detection market growth.
Market growth prominently depends on government funding. Any
decrease in this funding can directly have an impact on the explosives trace
detection market. Explosives trace detection is a complex and expensive
endeavor. Lack of detectable signatures for volatile objects and variety of
methods to deploy such weapons pose a major threat to the market. Detectors
with high sensitivity and selectivity are very expensive and due to lack of
cost-efficient detectors, market growth is hindered. Receptor-based nanosensors
have poor selectivity and physically are very small to detect explosives’
traces in a specific time frame. Key players dominating the explosives trace
detection market include Auto Clear US, Biosensor Applications AB, Electronic
Sensor Technology, FLIR Systems, Hitachi Ltd., Ion Applications Inc., Nuctech,
OSI Systems Inc., Safran S.A., Smiths Detection Group PLC, and Thermo Fisher
Scientific Inc.
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Market Segment:
Key Applications
•
Customs
•
Airport
•
Station
•
Other
Key Regions
·
North America
·
Europe
·
Asia Pacific
·
Middle East and Africa
·
South America
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