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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.
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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
Key Explosive Detection Equipment Market Trend
Key Explosive Detection Equipment Market Challenge
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.
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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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 |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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