Increase in terrorist activities across the globe, government regulation for greater and effective security checking, especially at critical establishments such as airport and railway stations majorly drive the factors for the growth of explosive detectors market. Moreover, quick response and user-friendly applications are some other benefits assisting the market. Improvised explosives, and risk of failure of the device in public safety are some of the causes of restraints in the growth of the market. However, strict government regulations for safety measure at sensitive places are expected to boost the market growth
The market for explosive detectors market is segmented into technology, product type, end user, and geography. The technology is further bifurcated into trace and bulk types. The product type is classified into vehicle mounted, handheld, robotics, and others. The end user segment is further categorized into military & defense, cargo & transport, aviation, public places, and others. Geographically, it is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Major companies profiled in the report include Westminster International Ltd., Analogic Corporation, Chemring group PLC, FLIR Systems, Inc., NOVO DR Ltd., L-3 Technologies, Inc., Cobham PLC, Nuctech Company Ltd., OSI Systems, Inc., and Smiths Detection
Comprehensive analysis of the current trends and future estimations in the global explosive detector market is provided.
The report offers a competitive scenario of the market with growth trends, structure, driving factors, scope, opportunities, and challenges.
It includes a detailed analysis of the key segments to provide insights on market dynamics.
Porter’s Five Forces analysis highlights the potential of buyers & suppliers and the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.
BY PRODUCT TYPE
By End User
Military & defense
Cargo & transport
Rest of Asia-Pacific
Rest of Europe
Westminster International Ltd.
Chemring group PLC
FLIR Systems, Inc.
NOVO DR Ltd.
L-3 Technologies, Inc.
Nuctech Company Ltd.
OSI Systems, Inc.
The other players in the value chain include (profiles not included in the report):
Mistral Security, Inc.
Scent Detection Technologies
1.2.Key Benefits for Stakeholders
1.3.Key Market Segments
1.4.3.Analyst Tools and Models
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
3.1.Market Definition and Scope
3.2.1.Top Impacting Factors
3.2.2.Top Winning Strategies
3.2.3.Top Investment Pockets
3.3.Porters Five Forces Analysis
3.4.Market Share Analysis, 2016
CHAPTER 4 EXPLOSIVE DETECTOR MARKET, BY PRODUCT TYPE
4.1.1.Market Size and Forecast
4.2.2.Key Market Trends, Growth Factors, and Opportunities
4.2.3.Market Size and Forecast
4.3.2.Key Market Trends, Growth Factors, and Opportunities
4.3.3.Market Size and Forecast
4.4.2.Key Market Trends, Growth Factors, and Opportunities
4.4.3.Market Size and Forecast
4.5.2.Key Market Trends, Growth Factors, and Opportunities
4.5.3.Market Size and Forecast
CHAPTER 5 EXPLOSIVE DETECTOR MARKET, BY TECHNOLOGY
5.1.1.Market Size and Forecast
5.2.2.Key Market Trends, Growth Factors, and Opportunities
5.2.3.Market Size and Forecast
5.3.2.Key Market Trends, Growth Factors, and Opportunities
5.3.3.Market Size and Forecast
CHAPTER 6 EXPLOSIVE DETECTOR MARKET, BY END-USER
6.1.1.Market Size and Forecast
6.2.Military & Defence
6.2.2.Key Market Trends, Growth Factors, and Opportunities
6.2.3.Market Size and Forecast
6.3.Cargo & Transport
6.3.2.Key Market Trends, Growth Factors, and Opportunities
6.3.3.Market Size and Forecast
6.4.2.Key Market Trends, Growth Factors, and Opportunities
6.4.3.Market Size and Forecast
6.5.2.Key Market Trends, Growth Factors, and Opportunities
6.5.3.Market Size and Forecast
6.6.2.Key Market Trends, Growth Factors, and Opportunities
6.6.3.Market Size and Forecast
CHAPTER 7 EXPLOSIVE DETECTOR MARKET, BY GEOGRAPHY
7.1.1.Market Size and Forecast
7.2.2.Key Market Trends, Growth Factors, and Opportunities
7.2.3.Market Size and Forecast
220.127.116.11.Market Size and Forecast
18.104.22.168.Market Size and Forecast
22.214.171.124.Market Size and Forecast
7.3.2.Key Market Trends, Growth Factors, and Opportunities
7.3.3.Market Size and Forecast
126.96.36.199.Market Size and Forecast
188.8.131.52.Market Size and Forecast
184.108.40.206.Market Size and Forecast
7.3.7.Rest of Europe
220.127.116.11.Market Size and Forecast
7.4.2.Key Market Trends, Growth Factors and Opportunities
7.4.3.Market Size and Forecast
18.104.22.168.Market Size and Forecast
22.214.171.124.Market Size and Forecast
126.96.36.199.Market Size and Forecast
7.4.7.Rest of Asia-Pacific
188.8.131.52.Market Size and Forecast
7.5.2.Key Market Trends, Growth Factors, and Opportunities
7.5.3.Market Size and Forecast
184.108.40.206.Market Size and Forecast
220.127.116.11.Market Size and Forecast
18.104.22.168.Market Size and Forecast
CHAPTER 8 RELATED INDUSTRY INSIGHTS
8.1.Global Explosion Proof Equipment Market
8.2.Global Industrial Explosives Market
CHAPTER 9 COMPANY PROFILES
9.1.2.Operating Business Segments
9.1.4.Key Strategic Moves and Developments
9.2.Chemring Group Plc
9.2.2.Operating Business Segments
9.2.4.Key Strategic Moves and Developments
9.3.2.Operating Business Segments
9.3.4.Key Strategic Moves and Developments
9.4.FLIR Systems, Inc.
9.4.2.Operating Business Segments
9.4.4.Key Strategic Moves and Developments
9.5.Westminster International Ltd.
9.5.2.Operating Business Segments
9.5.4.Key Strategic Moves and Developments
9.6.2.Operating Business Segments
9.6.4.Key Strategic Moves and Developments
9.7.2.Operating Business Segments
9.7.4.Key Strategic Moves and Developments
9.8.2.Operating Business Segments
9.8.4.Key Strategic Moves and Developments
9.9.Nuctech Co. Ltd.
9.9.2.Operating Business Segments
9.9.3.Key Strategic Moves and Developments
9.10.Novo Dr Ltd.
9.10.2.Operating Business Segments
9.10.3.Key Strategic Moves and Developments
Rise in occurrences of organized crimes and the presence of antisocial networks, growth in aviation security need and government regulation on public safety, and massive government investments for improving the state safety are the key drivers for the growth of the global explosive detector market. Moreover, increase in demand for tiol security, the safety of institutions having high tiol importance, and public safety are expected to provide lucrative opportunities to market players. Bulk detector is the leading segment in the global market, and is expected to maintain this trend throughout the forecast period. However, trace detector segment is expected to witness significant growth in the future, owing to advancement in explosive trace detector products by using advanced sample collection technology.
The aviation sector is projected to maintain its lead in the end user segment. The emerging economies (of Asia-Pacific and European countries) also expand their military and defense budget to counter the rise in activities of terrorists and make their intertiol boundaries more secure.
North America is expected to maintain its domince throughout the forecast period, owing to the presence of key companies in the region. Moreover, strict policies of U.S. government on terrorism and swift growth of the U.S. aerospace industry is expected to assist the market growth.
Europe is projected to grow at the highest CAGR during the forecast period, owing to increase in terrorist attacks, rise in safety concerns due to war condition with Middle-East countries. Furthermore, increase in military spending by the European Union is expected to support the market growth.
Key findings of the Explosive Detector Market:
In 2016, bulk detector segment domited the global explosive detector market, in terms of revenue, and is projected to grow at a CAGR of 8.3% during the forecast period.
Robotics segment is projected to grow at a CAGR of 9.8%.
Military & defense is expected to exhibit a CAGR of 9.1% during the forecast period.
The major players such as Westminster Intertiol Ltd., Alogic Corporation, Chemring group PLC, Flir Systems, Inc., NOVO DR Ltd., L-3 Technologies, Inc., Cobham PLC, Nuctech Company Ltd., OSI Systems, Inc., and Smiths Detection adopt new technology launch as their key strategy to expand their market foothold.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.