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By 2024, Explosive Trace Detection Market is Projected to Hold Major Industry Share Via North America Region

Author : Ronak Bora | Published Date : 2019-04-08 

The qualitative research study introduced by Global Market Insights, Inc. on Explosive Trace Detection Market Report provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the industry.

North America is projected to hold a major share in the explosive trace detection market over the forecast period owing to the increasing number of security vendors in the region. Additionally, recent terrorist activities are promoting the demand for these devices in Europe, thus offering opportunities to the industry players.

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Increasing risk of terrorism across the globe has prompted the demand for high-level monitoring in government, public, aviation, nuclear power plants, transportation, embassies, and other places. The security agencies and the government officials are using these detectors as a part of the security program to protect the citizens and significant infrastructure from the attacks. With the increasing frequency of terrorist attacks, the explosive trace detection market is likely to gain traction in the coming years.

Advancements in explosive detection products by implementing advanced sample collection techniques have established a substantial trend in the market globally, helping product enhancement and better performing trials. New advanced explosive trace detection devices can gather trace particle from the material, which is to be examined in essential amounts. Technological advancements are helping these devices to perform the tasks efficiently and report the findings of any destructive material. This new development is projected to improve the product penetration and drive explosive trace detection market growth.

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By product, the explosive trace detection market is segmented into robotics, vehicle-mounted, handheld, and biosensors. Robotic explosive detectors are expected to gain the maximum market share in the projected period owing to their greater level of control and efficiency. Recent developments in unmanned systems have increased the remarkable market base of robotics-based explosive detectors.

Based on application, the explosive trace detection market is segmented into aviation, transportation security, secured facilities, and defense. The aviation segment is anticipated to lead the market owing to the increasing air cargo and air passengers in the growing economies.

Some of the key players in the explosive trace detection market include Biosensor AB, Auto Clear, OSI Systems, Hitachi, Westminster International, ICx Technologies, Smiths Detection, Mistral Security, Scent Detection, Ketech Defence, Nuctech Co., Ltd., L-3 Communications, and Morpho Detection, Inc. These major players are adopting strategies to compete and sustain in the market that include strategic acquisitions and partnerships.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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