Global Chemical Detection Technology Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
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MarketResearch.biz delivers in-depth insights on the global chemical detection technology market in its upcoming report titled, “Global Chemical Detection Technology Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global chemical detection technology market is estimated to register a CAGR of XX.X% during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the chemical detection technology market, their financials, supply chain trends, products and related technological innovations, key developments, apart from current and future strategies, acquisitions & mergers, and market footprint. The global chemical detection technology market report has been segmented on the basis of type, portability, end users, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various reliable sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts, with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make more accurate and informed forecasts about the market scenario in future.
Chemical detection technology is used to detect chemical agents (CA), toxic industrial chemicals (TIC), and toxic industrial materials (TIM) to prevent mishaps caused by chemicals. CA, TIC, and TIM are the chemical substances obtained from various sources such as industries, and are used in warfare or terrorist activity. This technology plays an important role in monitoring nuclear power plants, chemical chemicals, and various other plants handling sensitive chemicals; in order to avoid incidents such as Bhopal gas tragedy, Toronto propane explosion, PEPCON disaster, etc., In order to protect critical infrastructure, countries are compelled to adopt these technologies at key locations such as airports, railway stations, tourist places, etc. for safety purposes, owing to rising threat of terrorism acts. The various technologies adopted to detect the presence of chemical substances with analytical chemistry techniques are Ion Mobility Spectroscopy (IMS), Raman Spectroscopy, Infra-red Spectroscopy, Colorimetric analysis, Flame Photometry, Surface Acoustic Wave, Photo Ionization, Flame Ionization, etc.
Some primary factors driving growth of the global chemical detection technology market is the use of technology in various sectors such as defense, civil, and commercial for detection of illegal drugs, explosives, etc. Rising safety concerns is also expected to fuel growth of the global chemical detection technology market significantly in the coming years. In addition, chemical companies or companies handling hazardous materials, are susceptible to chemical related mishap, which can lead to severe loss to people and property. In order to curb these uncertain events, companies have also been continuously adopting chemical detection techniques on their sites. These factors are expected to drive growth of the global chemical detection technology market.
Major factors restraining growth of the target market are high cost of equipment and high operating cost. Major trend observed in the market is the portable chemical detection equipment, which is expected to fuel growth of the target market.
The North America market accounts for highest share in the global chemical detection technology market in terms of revenue and is expected to maintain its dominance over the forecast period. This is owing to rapid adoption of the technology and presence of key players in countries in the region. Asia Pacific and Middle & Africa are also expected to register significant growth, owing to rising risk of terrorism activities in the region.
Global Chemical Detection Technology Market Segmentation:
Segmentation by detector:
- Point Detectors
- Standoff Detectors
- Analytical instruments
Segmentation by portability:
- Portable equipment
- Non-portable equipment
Segmentation by end users:
- Defense sector
- Civil sector
Segmentation by application:
- First Responders market
- Firefighting control
- Real time monitoring of toxic
- Hazardous industrial chemicals in environment
- Chemical disaster management
- Detecting air-borne chemical threats
Segmentation by region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Smiths Group plc
- Thermo Fisher Scientific Inc.
- Chemring Group PLC
- FLIR® Systems, Inc.
- ChemImage Corp.
- Bruker Detection Corporation
- Secure Point Technologies, Inc.
- General Dynamics Corporation
- Federal Resources
- Environics Oy.
- RAE Systems by Honeywell
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