The market for explosives detection devices is expected to grow by USD 2.78 billion as vendors implement growth strategies such as technological innovations

NEW YORK, November 21, 2022 /PRNewswire/ — The Explosives Detection Devices Market Size is expected to grow by $2.78 billion from 2021 to 2026. Moreover, according to Technavio, the growth momentum of the market is set to accelerate at a CAGR of 7.31% during the forecast period. The report provides an up-to-date analysis of the market and to know the exact growth variance and YOY growth rate, Download a free sample report.

Technavio has announced its latest market research report titled Global Explosive Detection Equipment Market 2022-2026

Technavio has announced its latest market research report titled Global Explosive Detection Equipment Market 2022-2026

Explosives Detection Devices Market 2022-2026: Vendor Landscape

The global explosives detection devices market is highly competitive and characterized by the presence of many prominent players vying for large market share. Strict security and regulatory policies in the defense segment are likely to limit the entry of new players. Furthermore, the sales of technology-based platforms like EDS are primarily influenced by the prevailing economic situation in dominant markets like the US and the US Europe. As such, purchases may be postponed or canceled during economic downturns and a relatively slower adoption rate is expected. Diversification of geographic markets, along with product offerings, would be a key criterion for ensuring long-term profitability and survival.

Explosives Detection Devices Market 2022-2026: Segmentation

The market share growth of explosives detection devices in the handheld detectors segment will be significant during the forecast period. Portable explosives detectors are the leading operational solution used by modern security forces to detect explosives such as IEDs. Enhanced security measures taken by security agencies around the world at various locations are expected to boost the demand for wearable EDS, which is expected to drive the wearable detectors segment during the forecast period.

32% of market growth comes from North America during the forecast period. The US is the key market for explosives detection equipment North America. The 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 growth of explosives detection devices market North America over the forecast period.

Learn about the contribution of each segment, summarized in concise infographics and detailed descriptions. View a FREE sample PDF report

Explosives Detection Devices Market 2022-2026: Scope

The Explosives Detection Devices Market report covers the following areas:

This study identifies the advent of laser spectroscopy detection technology as one of the key drivers behind the explosives detection equipment market growth in the next few years.

Subscribe to our “Basic Plan” with annual billing at $5000 This allows you to download 5 reports and view 100 reports per month

Explosives Detection Devices Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the wet wipes and wipes market 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. etc.

This report provides a complete list of the major vendors, their strategies, and the latest developments. Buy now to get detailed vendor information

Explosives Detection Devices Market 2022-2026: Key Highlights

  • CAGR of the market over the forecast period 2022-2026

  • Detailed information on factors that will support the growth of the Explosives Detection Devices Market in the next five years

  • To estimate the explosives detection devices market size and its contribution to the parent market

  • Predictions about upcoming trends and changes in consumer behavior

  • – The growth of the Explosives Detection Devices market

  • Analysis of the competitive landscape of the market and detailed information about vendors

  • Comprehensive details of factors that will challenge the growth of the Explosives Detection Devices market, vendors

Related reports:

Gas Detectors Market by Product, Application and Geography- Forecast and Analysis 2021-2025: Gas Detectors market share is expected to increase by USD 918.26 million from 2020-2025.

Radiation Detection and Monitoring Devices Market by Product and Geography – Forecast and Analysis 2021-2025: The Radiation Detection and Monitoring Devices Market Share is expected to increase by $558.94 million from 2020 to 2025.

Scope of the Explosives Detection Devices Market

report coverage

details

page number

120

base year

2021

forecast period

2022-2026

Growth Dynamics & CAGR

Accelerate with 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 & Africa, and South America

make a market contribution

North America at 32%

Important consumer countries

USA, China, India, France and Great Britain

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

company 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

Root market analysis, market growth drivers and barriers, fast growing and slow growing segment analysis, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

Table of Contents:

1. Summary

2 market landscape

3 market size

4 Five Forces Analysis

5 Market Segmentation by Type

6 customer landscape

7 Geographical Landscape

8 drivers, challenges and trends

9 provider landscape

10 Vendor Analysis

11 Appendix

about us

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies from 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

Contact

Technavio Research
Jess Maida
Media and Marketing Executive
United States: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Global Explosives Detection Devices Market 2022-2026

Global Explosives Detection Devices Market 2022-2026

decision

decision

View original content to download multimedia: https://www.prnewswire.com/news-releases/explosive-detection-equipment-market-to-grow-by-usd-2-78-bn-vendors-to -deploy-growth-strategies-how-to-innovate-in-technology—technavio-301681604.html

SOURCE Technavio

Source

Leave a Reply

Your email address will not be published. Required fields are marked *