The increasing rate of terrorist and anti-social activities across the globe is anticipated to be a major factor driving the growth of global explosives and weapons detection systems market. The growing advancement in ammunition technology is leading to the development of more technologically advanced weapons. For instance, the advent of non-metallic parts of weapons which were undetectable through traditional metal detectors encouraged the introduction of inductive sensors based detection systems with enhanced capabilities to serve the purpose. These weapons use the electromagnetic fields to detect weapons and explosives. Government authorities are keen on strengthening border security in order to limit foreign attacks. The government bodies across the globe are emphasizing to upgrade the security measures for their citizens. For instance, in June 2019, the Indian government made it obligatory for 84 airports to install full-body scanners within a year. These airports include 26 hyper-sensitive airports and 58 sensitive airports, owing to increased security threats in these facilities. This is expected to influence the growth of global explosives and weapons detection systems market over the forecast period.
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The government and private sectors are increasing the application of digital technology in order to boost safety and internal security. The growing initiative by the government in order to strengthen the security measures would provide an opportunity for players in the market. Additionally, the government is setting standards and is establishing a competitive environment in order to gauge the latest technology. For instance, Defence and Security Accelerator (DASA), which is a branch of the UK Defence Science and Technology Laboratory and the Ministry of Defence, launched a programme titled “Finding Explosives Hidden in Electrical Items”. The programme would invite investments from the government over a period of 5 years in order to promote innovation so as to enhance the protection of people and assets. Similar initiatives by the government globally showcases potential growth opportunity for the global explosives and weapons detection systems market over the next eight years
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The detailed research study provides qualitative and quantitative analysis of global explosives and weapons detection systems market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
In terms of revenue, global explosives and weapons detection systems market is expected to reach US$ 18938.05 Mn by 2027 owing to increase adoption of technologically advanced systems for explosives detection systems.
On the basis of technology, tomographic EDSs segment is expected to witness highest CAGR over the forecast period owing to high advanced technology which is used in high levels of detection.
On the basis of end users, aviation security segment is projected to hold the largest market size. The growing cross border terrorism and increasing need for ensuring safety and security of people in aviation sector is expected to be foremost factor which drives the growth of market.
The strategic collaborations between the government authorities and private companies towards enhancement of security measures across public facilities showcases potential growth opportunities for the market growth.
Some of the players operating in the global explosives and weapons detection systems market Eye on Air, EmiTech, Inc., Multix, Chemring Group PLC, L3 Security & Detection Systems, FLIR Systems, Inc., OSI Systems, Inc., Smiths Group plc., amongst others
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Global Explosives and Weapons Detection Systems Market:
X-Ray Screening Systems
IED Mitigation Devices
Vehicle and Container Screening Systems
Product Sales & Integration
Aftersales Services (Repair & Maintenance, Refurbishment, Etc.)
Planning, Consulting & Training Services
By End Users
Land Transportation Security
Secured Perimeters & Buildings
Public Venue Security
Rest of North America
Rest of Europe
Rest of Southeast Asia
Rest of Asia Pacific
Middle East and Africa
Rest of Middle East & Africa
Rest of Latin America
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