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Threat Detection Systems Market to Record an Impressive Growth by 2024

Zion Market Research, the market research group announced the analysis report titled "Threat Detection Systems Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"


Sarasota, FL -- (SBWIRE) -- 09/19/2017 -- Global Threat Detection Systems Market: Overview

The threat detection systems are employed to detect threat against terrorist activities. Many business enterprises deployed these systems to safeguard against such a threat and handle organizational issues in an efficient manner. The threat detection systems comprise intrusion detector, radiological, explosive detector, nuclear detector, and others.

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Global Threat Detection Systems Market: Growth Factors

One of the major growth factors of the market is rising terrorist activities, which may fuel the global threat detection systems market growth in future. In addition, growing government initiatives to protect against such incidences also fosters the global market growth; hence, resulting in increased security measures at the railway stations, airports, government offices, malls, private organizations and so on. Recently, factors such as growth in the terror activities and hacking, the demand for threat detection devices, biometric systems, and video surveillance systems have increased to ensure public safety; this is expected to boost the global threat detection systems market growth in future. Demand for biometric systems is accelerating from commercial establishments in order to improve existing security systems; this, in turn, is anticipated to contribute to the growth in future. Conversely, threat detection systems are not cost-effective and do not meet the real need of the business enterprises, such as aviation security, and transportation; this may hinder the global market growth.

Global Threat Detection Systems Market: Segmentation

The global threat detection systems market is fragmented based on the system as photoionization detectors, dosimeters, wideband wireless communication systems, biological agent detectors, explosive and narcotics detectors, perimeter intrusion detection systems, radar systems, personal radiation detectors, video surveillance systems, chemical agent detectors, laser systems, biometric systems, identifiers, survey meters, and air samplers. Based on the type, the global threat detection systems market is categorized as chemical and biological detection, explosive detection, intrusion detection, radiological and nuclear detection, narcotics detection, and others. On the basis of application, the global market is segregated as institutional, defense, commercial, residential, public infrastructure, industrial, and others.

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Global Threat Detection Systems Market: Regional Analysis

North America shows lucrative market opportunities in the global threat detection systems market owing to high investment on the technological innovation and R&D, which is expected to influence the global market in future. In addition, the emergence of high-energy laser system technologies in this region may boost the global threat detection systems market growth. This trend is followed by Asia Pacific owing to increasing terror activities in this region, which in turn results in increasing need for threat detection systems, which is projected to boost the global market growth.

Global Threat Detection Systems Market: Competitive Players

Key players dominating the global threat detection systems market are FLIR Systems Inc., Axis Communication AB, Smiths Group PLC, Chemring Group plc, Safran S.A., and Rapiscan Systems Inc. Other players in the global market include Thales S.A., Mirion Technologies Inc., RAE Systems Inc., and ChemImage Sensor Systems.

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