Thursday, 10 January 2019

Explosives Trace Detection Market 2025 In-Depth Analysis by Top Key Benefits, Capacity, Outlook and Dynamics


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.


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.


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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