The global explosive detector market is projected to grow at a CAGR of 11% during 2019 to 2024. The growth of explosive detector market is driven by rise in terrorist activities across the globe, government legislations for enhanced security screening, and increasing demand for safety and security in aviation industry.
Some of the Key Questions answered in
this exclusive report are:
Q.1 What are some of the
most promising potential, high-growth opportunities for the global explosive
detector market by technology (trace detector and bulk detector), product type
(vehicle mounded, handheld, robotics, biosensor, and others), end use industry (commercial,
cargo and transport, aviation, military and defense, and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the explosive detector market?
Q.4 What are some
changing demands of customers in the explosive detector market?
Q.5 What are the new
developments in the explosive detector market? Which companies are leading
these developments?
Q.6 What strategic initiatives
are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this explosive detector area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this explosive detector market?
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Market Segmentation:
Based on technology, the
explosive detector market is segmented into trace detector and bulk detector.
The trace detectors segment accounted for the largest share of the market in
2020 and is expected to register the highest CAGR during the forecast period.
North America will
remain the largest region over the forecast period due to increasing terrorist
activities and government spending in the military and defense industry.
Key Players in the
explosive detector market are Safran, Smiths Group, L-3 Communications, OSI
Systems, Nuctech, Implant Sciences Corporation, Flir Systems, Chemring Group,
American Science & Engineering, Analogic Corporation, and Leidos Holdings,
Inc.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
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https://www.lucintel.com/explosive-detector-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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