Need for Integrated Data and Rising Demand for Drug Development is Boosting the Explosive Detector Market
Chicago, IL -- (SBWIRE) -- 09/15/2017 -- Explosive detector is a device which can detect the amount of explosive material. This is done by collating all necessary information from the subsystems and a decision is made whether an alarm should start while a certain amount of explosive is detection. This could be a warning system from an explosive detection equipment or it can be a from a human being. Rise in terror attacks is the main factor driving the explosive detector market. The detection equipment are used for various applications like security checks at airports or other public places, luggage screening, and so on. This report studies the current and future aspects of explosive detector market.
The report on the global Explosive detector market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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KEY PREMIUM INDUSTRY INSIGHTS
1. There is a significant rise in the use of explosives for terror attacks conducted worldwide by terrorist associations which is a rising point of concern for several countries. Using explosive detector is one way to detect the location and amount of explosive materials. These devices are highly accurate, sensitive and fast. Moreover, they are very easy to use.
2. All these factors are contributing towards the growth of the explosive detector market. The rise in number of terror attacks using explosive is boosting the market growth. Governments worldwide are taking efforts to curb the practices of using or exporting explosives and are paying more attention towards security checks and luggage screenings specifically at public places which is promoting the market growth and creating newer growth opportunities for the market.
3. However, the risk of failure of explosive detectors is hampering the growth of the market. In addition, there are advanced explosives that can might not be detected with the help of explosive detector devices which is acting as a major market restraint.
The global explosive detector market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributors for the explosive detector market. The region shall continue to dominate over the forecasted period because of the presence of key manufacturers of explosive detector devices. Also, the government is investing heavily in security a arrangement which is favoring the progress of the market. Next in line is the Europe region which is witnessing a steady pace of market growth because of stringent government regulations regarding security checks. Overall, the global market is bound to grow at a face pace due to the rise in demand for strict security policies.
This report analyzes the explosive detector market by the following segments:
Explosive Detector Market, by Technology
1. Trace Detector
2. Bulk Detector
Explosive Detector Market, by Product Type
1. Vehicle Mounted
Explosive Detector Market, by End User
1. Military & defense
2. Cargo & transport
4. Public places
KEY MARKET PLAYERS
Key players in the explosive detector market include:
1. Analogic Corporation
2. Chemring Group Plc
3. Cobham Plc
4. FLIR Systems, Inc.
5. Westminster International Ltd.
6. L-3 Communication
7. OSI Systems
8. Smiths Detection
9. Nuctech Co. Ltd.
10. Novo Dr Ltd.
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