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Explosive Detection Equipment Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 140
  • SKU: IRTNTR44382
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The explosive detection equipment market share is expected to increase to USD 2.78 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.31%. 

This explosive detector market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers explosive detection equipment market segmentation by type (hand-held detectors, ground-mounted screeners, and vehicle-mounted mobile detectors) and geography (North America, APAC, Europe, Middle East and Africa, and South America). The explosive detection equipment market report also offers information on several market vendors, including Agilent Technologies Inc., Analogic Corp., Autoclear LLC, BAE Systems Plc, Chemring Group Plc, DetectaChem Inc., iSENTECH, Kromek Group Plc, L3Harris Technologies Inc., LASER DETECT SYSTEM LLC, Leidos Holdings Inc., Morphix Technologies, Novatest Srl, OSI Systems Inc., Security Electronic Equipment Co. Ltd., Smiths Detection Group Ltd., Suzhou Aoteng Electron Technology Co. Ltd., Teledyne FLIR LLC, Westminster Group Plc, and Cobham Advanced Electronic Solutions among others.

What will the Explosive Detection Equipment Market Size be During the Forecast Period?

Explosive Detection Equipment Market Size

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Explosive Detection Equipment Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increase in passenger traffic is notably driving the explosive detection equipment market growth, although factors such as confidence breaches due to the sale of counterfeit products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the explosive detection equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Explosive Detection Equipment Market Driver

  • One of the key factors driving the global explosive detection equipment market growth is the increase in passenger traffic.
  • Terror threats have augmented the level of security implemented at various checkpoints, resulting in the incorporation of advanced machinery to perform rapid scanning of personnel and baggage.
  • In Africa, several projects are underway in countries, including the Democratic Republic of Congo and Kenya, to improve the safety, security, and operations of public transport hubs through strategic infrastructure investments and capacity planning as per passenger inflow data collected over the last decade.
  • Companies are expanding their product offering with compact systems to ensure minimal installation constraints in tight spaces at various entry and exit points in an airport.
  • Faster check-in processes are being ensured through the introduction of automated passenger scanning systems such as EntryScan from Rapiscan Systems.
  • The adoption of advanced automated scanning systems will significantly contribute to the global explosive detection equipment market during the forecast period.

Key Explosive Detection Equipment Market Trend

  • Emergence of laser spectroscopy detection technology is one of the key explosive detection equipment market trends that is expected to impact the industry positively in the forecast period.
  • Developed by Laser Detect Systems (LDS), Israel, laser spectroscopy detection technology possesses the capability for both standoff and trace detection of material, eliminating the need for sampling.
  • The technology is portable and can be integrated into static, mobile, and handheld detectors.
  • The effectiveness of LDS technology is multifold, as it can easily detect explosives and minerals by correlating their spectral signature through a data bank of known substances.
  • The applicability even extends to forensically identifying and characterizing individually manufactured materials, which can eventually direct to their production source, resulting in easy tracking of the source of any explosive material used in a potential threat.
  • The emergence of such technologies will augment the growth of the market in the forecast years.

Key Explosive Detection Equipment Market Challenge

  • One of the key challenges to the global explosive detection equipment market growth is the confidence breach due to the sale of counterfeit products.
  • Handheld devices received widespread criticism after the deployment of non-functional fake bomb detectors ADE 651, produced by ATSC in the UK, resulted in the death of several innocent civilians, most notably in the July 2013 Baghdad bomb attack in which led to the loss of 165 civilian lives.
  • As bomb detectors play a vital role in ensuring public safety, any malfunction or failure to perform as per specifications may result in a significant loss of lives and property.
  • The instances of the widespread sales of counterfeit detectors to security agencies of various countries have reduced the confidence in handheld products.
  • The governments are restraining from procuring explosive detection equipment from foreign vendors, which is adversely affecting the global supply chain.
  • The low trust levels have reduced the number of contracts placed for such devices, which may hamper the market growth during the forecast period.

This explosive detection equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global explosive detection equipment market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the explosive detection equipment market during the forecast period.

Who are the Major Explosive Detection Equipment Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Agilent Technologies Inc.
  • Analogic Corp.
  • Autoclear LLC
  • BAE Systems Plc
  • Chemring Group Plc
  • DetectaChem Inc.
  • iSENTECH
  • Kromek Group Plc
  • L3Harris Technologies Inc.
  • LASER DETECT SYSTEM LLC
  • Leidos Holdings Inc.
  • Morphix Technologies
  • Novatest Srl
  • OSI Systems Inc.
  • Security Electronic Equipment Co. Ltd.
  • Smiths Detection Group Ltd.
  • Suzhou Aoteng Electron Technology Co. Ltd.
  • Teledyne FLIR LLC
  • Westminster Group Plc
  • Cobham Advanced Electronic Solutions

 

This statistical study of the explosive detection equipment market encompasses successful business strategies deployed by the key vendors. The explosive detection equipment market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

  • Agilent Technologies Inc. - The company offers rapid liquid explosive detection for aviation security LEDS systems, Cobalt Insight200, and Handheld SORS System
  • Agilent Technologies Inc. - In February 2021, the company was given FDA approval for their PD L1 IHC 22C3 pharmDx for patients with non-small cell lung cancer.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The explosive detection equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Explosive Detection Equipment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the explosive detection equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Explosive Detection Equipment Market?

Explosive Detection Equipment Market Market segmentation by region

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32% of the market's growth will originate from North America during the forecast period. The US is the key market for explosive detection equipment in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.

The need to ensure national security and efficient public services will facilitate the explosive detection equipment market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The explosive detection equipment market in North America witnessed a slow growth in 2020, owing to the outbreak of COVID-19. However, the initiation of vaccination drives and restoration in supply chain activities revived the growth of the market in focus in the first half of 2021. Moreover, the construction of new airports and the launch of technologically advanced explosive detection products will spur the growth of the explosive detection equipment market in North America during the forecast period.

What are the Revenue-generating Type Segments in the Explosive Detection Equipment Market?

Explosive Detection Equipment Market Segmentation

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The explosive detection equipment market share growth in the handheld detectors segment will be significant during the forecast period. Handheld explosive detectors are the leading operational solution employed by modern security forces to detect explosives such as IEDs. Increased security measures adopted by worldwide security agencies at various locations are expected to drive the demand for handheld EDS, which is expected to drive the handheld detectors segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the explosive detection equipment market size and actionable market insights on post COVID-19 impact on each segment.

 

Explosive Detection Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.31%

Market growth 2022-2026

$ 2.78 billion

Market structure

Fragmented

YoY growth (%)

6.52

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 32%

Key consumer countries

US, China, India, France, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Agilent Technologies Inc., Analogic Corp., Autoclear LLC, BAE Systems Plc, Chemring Group Plc, DetectaChem Inc., iSENTECH, Kromek Group Plc, L3Harris Technologies Inc., LASER DETECT SYSTEM LLC, Leidos Holdings Inc., Morphix Technologies, Novatest Srl, OSI Systems Inc., Security Electronic Equipment Co. Ltd., Smiths Detection Group Ltd., Suzhou Aoteng Electron Technology Co. Ltd., Teledyne FLIR LLC, Westminster Group Plc, and Cobham Advanced Electronic Solutions

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Explosive Detection Equipment Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive explosive detection equipment market growth during the next five years
  • Precise estimation of the explosive detection equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the explosive detection equipment industry across North America, APAC, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of explosive detection equipment market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Hand-held detectors - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Hand-held detectors - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Hand-held detectors - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Hand-held detectors - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Hand-held detectors - Year-over-year growth 2021-2026 (%)
    • 5.4 Ground-mounted screeners - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Ground-mounted screeners - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Ground-mounted screeners - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Ground-mounted screeners - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Ground-mounted screeners - Year-over-year growth 2021-2026 (%)
    • 5.5 Vehicle-mounted mobile detectors - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Vehicle-mounted mobile detectors - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Vehicle-mounted mobile detectors - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Vehicle-mounted mobile detectors - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Vehicle-mounted mobile detectors - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 40: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 France - Market size and forecast 2021-2026
      • Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Agilent Technologies Inc.
              • Exhibit 93: Agilent Technologies Inc. - Overview
              • Exhibit 94: Agilent Technologies Inc. - Business segments
              • Exhibit 95: Agilent Technologies Inc. - Key news
              • Exhibit 96: Agilent Technologies Inc. - Key offerings
              • Exhibit 97: Agilent Technologies Inc. - Segment focus
            • 10.4 Chemring Group Plc
              • Exhibit 98: Chemring Group Plc - Overview
              • Exhibit 99: Chemring Group Plc - Business segments
              • Exhibit 100: Chemring Group Plc - Key news
              • Exhibit 101: Chemring Group Plc - Key offerings
              • Exhibit 102: Chemring Group Plc - Segment focus
            • 10.5 iSENTECH
              • Exhibit 103: iSENTECH - Overview
              • Exhibit 104: iSENTECH - Product / Service
              • Exhibit 105: iSENTECH - Key offerings
            • 10.6 Kromek Group Plc
              • Exhibit 106: Kromek Group Plc - Overview
              • Exhibit 107: Kromek Group Plc - Product / Service
              • Exhibit 108: Kromek Group Plc - Key offerings
            • 10.7 L3Harris Technologies Inc.
              • Exhibit 109: L3Harris Technologies Inc. - Overview
              • Exhibit 110: L3Harris Technologies Inc. - Business segments
              • Exhibit 111: L3Harris Technologies Inc. - Key news
              • Exhibit 112: L3Harris Technologies Inc. - Key offerings
              • Exhibit 113: L3Harris Technologies Inc. - Segment focus
            • 10.8 OSI Systems Inc.
              • Exhibit 114: OSI Systems Inc. - Overview
              • Exhibit 115: OSI Systems Inc. - Business segments
              • Exhibit 116: OSI Systems Inc. - Key offerings
              • Exhibit 117: OSI Systems Inc. - Segment focus
            • 10.9 Security Electronic Equipment Co. Ltd.
              • Exhibit 118: Security Electronic Equipment Co. Ltd. - Overview
              • Exhibit 119: Security Electronic Equipment Co. Ltd. - Product / Service
              • Exhibit 120: Security Electronic Equipment Co. Ltd. - Key offerings
            • 10.10 Smiths Detection Group Ltd.
              • Exhibit 121: Smiths Detection Group Ltd. - Overview
              • Exhibit 122: Smiths Detection Group Ltd. - Product / Service
              • Exhibit 123: Smiths Detection Group Ltd. - Key offerings
            • 10.11 Suzhou Aoteng Electron Technology Co. Ltd.
              • Exhibit 124: Suzhou Aoteng Electron Technology Co. Ltd. - Overview
              • Exhibit 125: Suzhou Aoteng Electron Technology Co. Ltd. - Product / Service
              • Exhibit 126: Suzhou Aoteng Electron Technology Co. Ltd. - Key offerings
            • 10.12 Teledyne FLIR LLC
              • Exhibit 127: Teledyne FLIR LLC - Overview
              • Exhibit 128: Teledyne FLIR LLC - Business segments
              • Exhibit 129: Teledyne FLIR LLC - Key offerings
              • Exhibit 130: Teledyne FLIR LLC - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 131: Inclusions checklist
                • Exhibit 132: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 133: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 134: Research methodology
                • Exhibit 135: Validation techniques employed for market sizing
                • Exhibit 136: Information sources
              • 11.5 List of abbreviations
                • Exhibit 137: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Explosive Detection Equipment Market market growth will increase by $2.78 bn during 2022-2026.
              The explosive detection equipment market market is expected to grow at a CAGR of 7.31% during 2022-2026.
              Technavio has segmented the explosive detection equipment market market by type (hand-held detectors, ground-mounted screeners, and vehicle-mounted mobile detectors) ,geography (North America, APAC, Europe, Middle East and Africa, and South America) , and geographic (North America, APAC, Europe, MEA, and South America).
              Agilent Technologies Inc., Analogic Corp., Autoclear LLC, BAE Systems Plc, Chemring Group Plc, DetectaChem Inc., iSENTECH, Kromek Group Plc, L3Harris Technologies Inc., LASER DETECT SYSTEM LLC, Leidos Holdings Inc., Morphix Technologies, Novatest Srl, OSI Systems Inc., Security Electronic Equipment Co. Ltd., Smiths Detection Group Ltd., Suzhou Aoteng Electron Technology Co. Ltd., Teledyne FLIR LLC, Westminster Group Plc, Cobham Advanced Electronic Solutions are a few of the key vendors in the explosive detection equipment market market.
              North America will register the highest growth rate of 32% among the other regions. Therefore, the explosive detection equipment market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the explosive detection equipment market market growth are:
              • Increase in passenger traffic
              • Emergence of laser spectroscopy detection technology
              The explosive detection equipment market market vendors should focus on grabbing business opportunities from the hand-held detectors segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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