Global Explosive Trace Detection (ETD) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global explosive trace detection (ETD) market in its upcoming report titled, “Global Explosive Trace Detection (ETD) Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global explosive trace detection (ETD) market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. 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 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global explosive trace detection (ETD) market report has been segmented on the basis of product type, application, and region.
Explosives trace detectors (ETD) are equipment used for explosive detection to detect explosives of small magnitude. The detection is accomplished by sampling non-visible trace amounts of particulates. The equipment is used mainly at airports and other vulnerable areas considered susceptible to acts of unlawful interference. These devices use Ground Penetrating Radar (GPR), a technology which allows users to detect and identify explosives, narcotics, and drugs.
Rising terrorist activities across the globe, coupled with rising need to protect population and increasing government initiatives for improving security are key factors driving growth of the global explosive trace detection market. In addition, ETDs’ advanced features such as integrated GPS enables users to receive precise target location, store large amount of data, and send and receive data from other users for efficient and quick communication. It also enables users to receive and share high quality images of materials detected using touchscreen color display.
However, high cost involved in development and maintenance of explosive trace detectors are expected to hamper growth of the market. In addition, stringent government regulations regarding security screening equipment is expected to challenge growth of the global explosive trace detection market.
North America market is expected to account for largest revenue share in the global market in 2017, owing to presence of major players and rising need for and law enforcement in countries in this region. Europe accounts for second-largest revenue share contribution to the global companion diagnostics market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. Asia Pacific market is expected to register higher CAGR as compared to other regional markets during the forecast period, owing to increasing terrorist activities and rising demand for public safety. In addition, R&D activities undertaken by various defense organizations is also expected to boost growth of the market in this region.
Global explosive trace detection market segmentation:
By Product Type:
- Other Detectors (Robotics and Biosensors)
- Military & Defense
- Transportation & Logistics
- Public Safety & Law Enforcement
- Others (Residential, Aviation, etc.)
- North America
- Asia Pacific
- Latin America
- 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
- Autoclear LLC
- Smiths Detection Inc.
- American Science and Engineering Inc.
- FLIR Systems Inc.
- OSI Systems Inc.
- Leidos Holdings Inc.
- Analogic Corporation
- Morpho Detection
- L-3 Communication
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