Explosive Detector Market by Technology, Product Type and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4612756
  • Report
  • Region: Global
  • 175 pages
  • Allied Analytics LLP
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global explosive detector market accounted for $4,531 million in 2016, and is expected to reach $8,208 million by 2023, registering a CAGR of 8.7% from 2017 to 2023. Explosive detectors are non-destructive inspection devices that help its users in detecting explosives and other flammable materials. It is commonly used at airports, seaports, borders of countries, and in important structures such as the government buildings. The detection of explosives at airports, land borders, and seaports is an essential task for preventing terrorism and organized crime. Owing to terrorist use of explosive devices, strong interest has been focused towards the development of techniques and instrumentation to detect explosives. There has been a significant growth in research within this area – through both the development of new, advanced detection methods and the improvement of existing techniques. It is an important aspect of the overall effort to prevent the transport of illicit materials, which also includes small arms, nuclear material, and narcotics.

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

POTENTIAL BENEFITS

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.

MARKET SEGMENTATION

BY TECHNOLOGY

Trace Detector
Bulk Detector

BY PRODUCT TYPE

Vehicle Mounted
Handheld
Robotics
Biosensors

By End User

Military & defense
Cargo & transport
Aviation
Public places
Others

BY GEOGRAPHY

North America
U.S
Canada
Mexico
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
Europe
UK
Germany
France
Rest of Europe
LAMEA
Latin America
Middle East
Africa

KEY PLAYERS

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.
Smiths Detection

The other players in the value chain include (profiles not included in the report):

Hitachi, Ltd.
ICx Technologies
Mistral Security, Inc.
Scent Detection Technologies
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CHAPTER 1 INTRODUCTION
1.1.Report Description
1.2.Key Benefits for Stakeholders
1.3.Key Market Segments
1.4.Research Methodology
1.4.1.Secondary Research
1.4.2.Primary Research
1.4.3.Analyst Tools and Models

CHAPTER 2 EXECUTIVE SUMMARY
2.1.CXO Perspective

CHAPTER 3 MARKET OVERVIEW
3.1.Market Definition and Scope
3.2.Key Findings
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
3.5.Market Dynamics
3.5.1.Drivers
3.5.2.Restraint
3.5.3.Opportunity

CHAPTER 4 EXPLOSIVE DETECTOR MARKET, BY PRODUCT TYPE
4.1.Overview
4.1.1.Market Size and Forecast
4.2.Vehicle Mounted
4.2.1.Introduction
4.2.2.Key Market Trends, Growth Factors, and Opportunities
4.2.3.Market Size and Forecast
4.3.Handheld
4.3.1.Introduction
4.3.2.Key Market Trends, Growth Factors, and Opportunities
4.3.3.Market Size and Forecast
4.4.Robotics
4.4.1.Introduction
4.4.2.Key Market Trends, Growth Factors, and Opportunities
4.4.3.Market Size and Forecast
4.5.Others
4.5.1.Introduction
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.Overview
5.1.1.Market Size and Forecast
5.2.Trace
5.2.1.Introduction
5.2.2.Key Market Trends, Growth Factors, and Opportunities
5.2.3.Market Size and Forecast
5.3.Bulk
5.3.1.Introduction
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.Overview
6.1.1.Market Size and Forecast
6.2.Military & Defence
6.2.1.Introduction
6.2.2.Key Market Trends, Growth Factors, and Opportunities
6.2.3.Market Size and Forecast
6.3.Cargo & Transport
6.3.1.Introduction
6.3.2.Key Market Trends, Growth Factors, and Opportunities
6.3.3.Market Size and Forecast
6.4.Aviation
6.4.1.Introduction
6.4.2.Key Market Trends, Growth Factors, and Opportunities
6.4.3.Market Size and Forecast
6.5.Public Place
6.5.1.Introduction
6.5.2.Key Market Trends, Growth Factors, and Opportunities
6.5.3.Market Size and Forecast
6.6.Others
6.6.1.Introduction
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.Overview
7.1.1.Market Size and Forecast
7.2.North America
7.2.1.Introduction
7.2.2.Key Market Trends, Growth Factors, and Opportunities
7.2.3.Market Size and Forecast
7.2.4.U.S.
7.2.4.1.Market Size and Forecast
7.2.5.Canada
7.2.5.1.Market Size and Forecast
7.2.6.Mexico
7.2.6.1.Market Size and Forecast
7.3.Europe
7.3.1.Introduction
7.3.2.Key Market Trends, Growth Factors, and Opportunities
7.3.3.Market Size and Forecast
7.3.4.Germany
7.3.4.1.Market Size and Forecast
7.3.5.France
7.3.5.1.Market Size and Forecast
7.3.6.UK
7.3.6.1.Market Size and Forecast
7.3.7.Rest of Europe
7.3.7.1.Market Size and Forecast
7.4.Asia-Pacific
7.4.1.Introduction
7.4.2.Key Market Trends, Growth Factors and Opportunities
7.4.3.Market Size and Forecast
7.4.4.China
7.4.4.1.Market Size and Forecast
7.4.5.Japan
7.4.5.1.Market Size and Forecast
7.4.6.India
7.4.6.1.Market Size and Forecast
7.4.7.Rest of Asia-Pacific
7.4.7.1.Market Size and Forecast
7.5.LAMEA
7.5.1.Introduction
7.5.2.Key Market Trends, Growth Factors, and Opportunities
7.5.3.Market Size and Forecast
7.5.4.Latin America
7.5.4.1.Market Size and Forecast
7.5.5.Middle East
7.5.5.1.Market Size and Forecast
7.5.6.Africa
7.5.6.1.Market Size and Forecast

CHAPTER 8 RELATED INDUSTRY INSIGHTS
8.1.Global Explosion Proof Equipment Market
8.1.1.Executive Summary
8.2.Global Industrial Explosives Market
8.2.1.Executive Summary

CHAPTER 9 COMPANY PROFILES
9.1.Analogic Corporation
9.1.1.Company Overview
9.1.2.Operating Business Segments
9.1.3.Business Performance
9.1.4.Key Strategic Moves and Developments
9.2.Chemring Group Plc
9.2.1.Company Overview
9.2.2.Operating Business Segments
9.2.3.Business Performance
9.2.4.Key Strategic Moves and Developments
9.3.Cobham Plc
9.3.1.Company Overview
9.3.2.Operating Business Segments
9.3.3.Business Performance
9.3.4.Key Strategic Moves and Developments
9.4.FLIR Systems, Inc.
9.4.1.Company Overview
9.4.2.Operating Business Segments
9.4.3.Business Performance
9.4.4.Key Strategic Moves and Developments
9.5.Westminster International Ltd.
9.5.1.Company Overview
9.5.2.Operating Business Segments
9.5.3.Business Performance
9.5.4.Key Strategic Moves and Developments
9.6.L-3 Communication
9.6.1.Company Overview
9.6.2.Operating Business Segments
9.6.3.Business Performance
9.6.4.Key Strategic Moves and Developments
9.7.OSI Systems
9.7.1.Company Overview
9.7.2.Operating Business Segments
9.7.3.Business Performance
9.7.4.Key Strategic Moves and Developments
9.8.Smiths Detection
9.8.1.Company Overview
9.8.2.Operating Business Segments
9.8.3.Business Performance
9.8.4.Key Strategic Moves and Developments
9.9.Nuctech Co. Ltd.
9.9.1.Company Overview
9.9.2.Operating Business Segments
9.9.3.Key Strategic Moves and Developments
9.10.Novo Dr Ltd.
9.10.1.Company Overview
9.10.2.Operating Business Segments
9.10.3.Key Strategic Moves and Developments
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According to a new report titled, Explosive Detector Market by Technology, Product Type and End User: Global Opportunity Alysis and Industry Forecast, 2017-2023, the global explosive detector market accounted for $4,531 million in 2016, and is expected to reach $8,208 million by 2023, growing at a CAGR of 8.7% from 2017 to 2023. In 2016, North America domites the global market, in terms of revenue, accounting for more than 30% share of the global market, followed by Europe.

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.
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Note: Product cover images may vary from those shown
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