World Explosive Detectors Market Reviewed in Comprehensive M&M Research Study Now Available at MarketPublishers.com11 Apr 2016 • by Natalie Aster
LONDON – The global explosive detectors market expected to grow from a value of USD 3.56 billion as of 2015 to USD 6.12 billion by 2020, registering just under 11.5% CAGR. The market is driven by the rising terrorist activities from pole to pole, different government legislations to enhance security screening, and soaring demand for more rigid screening procedures and anti-terrorist activities.
The market for robotics-based explosive detectors is expected to capture the lion’s share of the market in the offing due to better efficiency and increased levels of control. The market for handheld explosive detectors will likely pick up steam and record the greatest CAGR over the next 5 years.
By vertical, aviation is anticipated to grab the biggest share of the overall explosive detectors market by end-2020. The commercial vertical is poised to post the fastest CAGR in the years to come.
Geography-wise, North America will likely account for the largest market share on account of the presence of a vast number of security vendors. Europe also shows high market potential. The latest terrorist attacks have limelighted the ever-progressive nature of the terrorist threat.
Morpho Detection, Smiths Detection, OSI Systems, L-3 Communication, and Nuctech amid others, are a few of the dominant players in the marketplace.
Topical research report “Explosive Detectors Market By Technology, Product Type, Application, Geography - Global Forecast To 2020” developed by M&M offers a detailed analysis of the global market for explosive detectors. It provides the revenue figures for the overall market and each of the sub-segments across the various vertical sectors and regions. The study presents a refined understanding of the pulse of the market by investigating the forces driving and restraining the sector’s growth, as well as delving deep into key challenges and opportunities of the marketplace. The report limelights the market trends and examines the market based on product type, technology and by verticals. The research publication explores the market performance across various geographies. It canvasses the competitive environment and offers detailed company profiles of the dominant industry players. Granular market forecasts are available the study as well.
Explosive Detectors Market By Technology, Product Type, Application, Geography - Global Forecast To 2020
Published: February, 2016
Price: US$ 4,650.00
More comprehensive studies by this publisher are available at M&M page.