The Explosive Trace Detection [ETD] Market Size was valued at 1137.50 million in 2022 and is expected to reach USD 2250.60 million by 2030 with a growing CAGR of 8.91% over the forecast period 2023-2030.
Explosives Trace Detectors are pieces of explosive detection hardware that can distinguish trace amounts of explosives. The detection location is refined by inspecting non-noticeable "trace" particulate measurements. ETD s and other devices are also used to detect narcotics. The hardware is primarily used in aeroplane terminals, strategic locations, and helpless territories considered vulnerable to terrorist attacks.
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The growing need for aviation security and the strictness of public safety regulations are the primary drivers for the market. Furthermore, an increase in terrorist attacks around the world, an increase in the number of plane hijackings, and an increased concern for people's safety are expected to help the market grow. However, the high initial cost of installation is expected to be one of the major restraint factors for market growth.
Explosive trace detectors include advanced features such as integrated GPS, which allows users to receive precise target location as well as store and share data with other users via wired and wireless connections to improve communication. They also provide users with clear images of materials identified via the touchscreen colour display. These devices use Ground Penetrating Radar technology to detect and identify organic and inorganic materials such as explosives, narcotics, and drugs. They also have features like expandable libraries, which help users store large amounts of data.
MARKET DYNAMICS
KEY DRIVERS
Aviation Security System Technological Advancements
Rising Number of Terrorist Activities Globally.
RESTRAINTS
The thermo-redox system can only detect the presence of NO2 groups and cannot differentiate between explosives and potential interferents that contain NO2 groups.
Weaknesses in Trace Detection Systems
CHALLENGES
The acquisition and operational costs associated with ETD systems are high, which not only limits market growth but also creates challenges for government plans to improve public safety in general.
Increased terrorist attacks around the world, an increase in plane hijackings, and growing concern about people's safety are all expected to help the market grow.
OPPORTUNITIES
ETD systems are becoming increasingly important in the fight against rising terrorist activity around the world.
Increased emphasis on the dependability and cost-effectiveness of explosive trace detection systems
THE IMPACT OF COVID-19
The current market growth forecast for Global explosive trace discovery by 2028 is expected to be lower than the previous COVID-19 estimates. The epidemic has had a devastating effect on the aviation, defense and maritime industry worldwide. Operations in the aviation and maritime industries have been severely affected, which has contributed to the growth of the explosive trace discovery market. Demand for explosive trace discovery acquisition programs has decreased, resulting in losses in the commercial sale of part of the producers.
Many governments around the world are focused on controlling the COVID-19 outbreak in their countries. Therefore, they invest heavily in health care products and in the production and / or purchase of vaccines. Therefore, the cost of new explosive trace discovery acquisition programs is expected to be lower than pre-COVID estimates for the next few years. Demand is likely to reach pre-COVID levels in a few years, as the global economy develops more slowly, as affected organizations (airlines, urban transport systems, etc.) are allowed to operate at a greater extent in their capabilities.
Demand for acquisition is expected to grow in the area of public safety and law enforcement due to the same benefits as real-time 3D color images provided by these devices. This segment is expected to record rapid growth in the explosive detection market.
Explosive tracking sensors offer functions such as LED indicator lights, sound alarms, real-time sensor map, and enhanced battery life, ideal for military and defense, commercial, transportation, and other fields. These functions allow users to experience improved security. Explosive tracking detectors also provide firmware updates by connecting to Wi-Fi, which keeps the device updated with the latest software.
Includes touch screen LCD displays that display battery-related information. This feature allows users to control device usage. In addition, explosive tracking identifiers enable users to store historical files and share data from the use of a wired or wireless connection, thus improving communication.
Over the forecast period, handheld detectors are expected to be the fastest-growing segment. Users benefit from enhanced detection and convenience thanks to features such as tri-mode operation and an open database. Over the forecast period, the market is expected to grow at a CAGR of 10.9 percent.
Optical Character Recognition (OCR), bumper-to-bumper scanning, and an easy match feature are all available on vehicle-mounted explosive trace detectors. These features allow users to identify each container as it is scanned, saving time. Other detectors, such as robotics-based and biosensors, are expected to see an increase in demand due to technological advancements and components such as an onboard computer, compass, and accelerometer provided by these detectors. Over the forecast period, the segment is expected to grow at a CAGR of 10.5 percent.
By Technology
Thermo-Redox
Chemiluminescence
Amplifying Fluorescent Polymer
Ion Mobility Spectrometry
Colorimetrics & Automated Colorimetric
By Product Type
Handheld
Vehicle-Mounted
By Application
Military & Defense
Public Safety
Transportation
By End-Use
Critical Infrastructure
Costumes & Border Protection
Event Security
Ports
Event Security
By Type
Hand Held
Table Top
Other Detectors
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REGIONAL ANALYSIS
The North American market holds the largest market share, thanks to the presence of explosive device manufacturers such as Auto clear, LLC, and L3 Technologies, Inc. The Asia Pacific region, on the other hand, is expected to witness high growth opportunities. due to the growing need for public safety and law enforcement. The development activities carried out by various security agencies in the explosive detection sector also enhance market growth. In addition, the increasing adoption of these devices in other sectors, such as transportation and goods, drives the growth of the regional market.
In the MEA region, investments made by explosive tracking technology providers such as Chemring Group PLC boost market growth. For example, Chemring
Group PLC has launched its new office in the United Arab Emirates (UAE) to improve its position in the UAE acquisition market.
REGIONAL COVERAGE:
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are FLIR Systems, Implant Sciences Corp, NUCTECH Co. Ltd., Recent Events, Autoclear, Biosensor Applications AB, Detecta Chem, Smiths Detection, Westminster International, American Innovations and Other Players
Implant Sciences Corp-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 1137.50 Million |
| Market Size by 2030 | US$ 2250.60 Million |
| CAGR | CAGR of 8.91% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Technology (Thermo-Redox, Chemiluminescence, Amplifying Fluorescent Polymer, Mass Spectrometry, Ion Mobility Spectrometry, and Colorimetrics & Automated Colorimetric) • By Product Type (Handheld, Vehicle-Mounted) • By Application (Military & Defense, Public Safety, Transportation) • By End-Use (Critical Infrastructure, Costumes & Border Protection, Event Security, Law Enforcement, Ports, and Event Security) • By Type (Hand Held, Table Top and Other Detectors) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | FLIR Systems, Implant Sciences Corp, NUCTECH Co. Ltd., Recent Events, Autoclear, Biosensor Applications AB, Detecta Chem, Smiths Detection, Westminster International, American Innovations. |
| DRIVERS | • Aviation Security System Technological Advancements • Rising Number of Terrorist Activities Globally. |
| RESTRAINTS | • The thermo-redox system can only detect the presence of NO2 groups and cannot differentiate between explosives and potential interferents that contain NO2 groups. • Weaknesses in Trace Detection Systems |
According to SNS insiders, the Explosive Trace Detection Market size was USD 10.44 billion in 2021 and is expected to reach USD 18.98 billion by 2028 with a CAGR of 8.91% over the forecasted period.
Many governments around the world are focused on controlling the COVID-19 outbreak in their countries. Therefore, they invest heavily in health care products and in the production and / or purchase of vaccines. Therefore, the cost of new explosive trace discovery acquisition programs is expected to be lower than pre-COVID estimates for the next few years
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Yes, this report cover top down , bottom up Quantitative Research. Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Explosive Trace Detection Market, by Technology
8.1 Thermo-Redox
8.2 Chemiluminescence
8.3 Amplifying Fluorescent Polymer
8.4 Mass Spectrometry
8.5 Ion Mobility Spectrometry
8.6 Colorimetric's & Automated Colorimetric
9. Explosive Trace Detection Market Segmentation, by Product Type
9.1 Handheld
9.2 Vehicle-Mounted
10. Explosive Trace Detection Market Segmentation, by Application
10.1 Military & Defense
10.2 Public Safety
10.3 Transportation
11. Explosive Trace Detection Market Segmentation, by End-Use
11.1 Critical Infrastructure
11.2 Costumes & Border Protection
11.3 Event Security
11.4 Law Enforcement
11.5 Ports
11.6 Event Security
12. Explosive Trace Detection Market Segmentation, by Type
12.1 Hand Held
12.2 Table Top
12.3 Other Detectors
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14. Company Profiles
14.1 Recent Events
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Smiths Detection
14.3 Westminster International
14.4 Detecta Chem
14.5 FLIR Systems
14.6 Implant Sciences Corp.
14.7 NUCTECH Co. Ltd
14.8 American Innovations
14.9 Autoclear
14.10 Biosensor Applications AB
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
16. Conclusion
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