Threat Detection Systems Market to Almost Reach USD 120 Bn by 2022, Predicts M&M in New Report Published at MarketPublishers.com26 Oct 2016 • by Natalie Aster
LONDON – As of 2015, the value of the global threat detection systems market stood at nearly USD 48.4 billion. This evolving marketplace is set to showcase relatively high growth in the offing, with its CAGR being over 13%.
There is a quite long range of factors propelling this growth, such as the territorial conflicts’ upsurge, a growing threat of terrorism across the globe, government regulations that are related to security devices, to name a few of them.
However, there are also some important obstacles this space has to overcome. Ever-rising concerns over the privacy intrusion are amongst them.
This marketplace is predicted to have a value of just under USD 120 billion by 2022.
Systems of video surveillance are set to have the highest growth tempo in the coming years if compared to other segments when it comes to threat detection products. This quick growth will stem from the rising demand for systems like these at the public infrastructure.
In terms of applications, the commercial sector will be the segment boasting the highest growth rate. In terms of regions, the largest share in this space belongs to North America. This region, by the way, is not expected to grow rapidly in the coming years. Meanwhile, APAC is set to grow at the swiftest pace, with India, Japan as well as China being amongst countries that will ignite this growth.
Thales, Chemring Group and FLIR Systems are some of the key players in this space.
New report “Threat Detection Systems Market by Detection Type, Product, Application, and Geography - Global Forecast to 2022” developed by MarketsandMarkets (aka M&M) offers a profound analysis of the worldwide market for threat detection systems. The study provides a bird’s eye overview of this rapidly growing marketplace. It limelights driving forces and restraints and it investigates challenges along with opportunities.
The report draws up a precise picture of industry trends. The research study examines the market space on the basis of application fields, detection types and products. It casts light on performance of the marketplace across major geographies, be they regions or countries.
The research report scrutinizes the competitive environment, besides including profiles of key players. Global forecasts for this space through 2022 can be found in this cutting-edge study, too.
More new studies by our research partner can be found at M&M page.