Global explosive trace detection market is estimated at USD 850 million in 2013 and is expected to grow at a CAGR of over 13% over the forecast period. Increasing need for tighter screening process and improvement in state security due to increased terrorist activities has helped these products gain importance. Globally, explosive trace detection market has been perceiving advanced sample collection and growing product length.
Increasing tensions and terrorist activities throughout the world has triggered demand for high-level monitoring in aviation, public, government and other places. This is expected to fuel explosive trace detection systems demand.
Rising occurrences of organized crimes and the presence of antisocial networks which has led to high-level security system requirements to tackle them. Maoist organizations increased their activities in many regions and being a major threat to public and VIP safety. Explosive trace detectors play a vital role ensuring VIP and public safety & security.
Places of national interest including religious places, critical & state industries such as atomic power plants space installations, oil fields and refineries, heavy engineering, steel plants, fertilizer units, airports, hydroelectric & thermal power plants and factories owned and controlled by the state undergoing serious threat from antisocial activists. Explosive trace detectors play a major role in helping the security organizations to safeguard these institutions.
Advancement in explosive trace detector products by using advanced sample collection technology has developed as a significant trend in global market helping product improvement and better performing tests.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/explosive-trace-detection-market
New explosive trace detection equipment can collect trace particle from the material to be examined in required amount. Technological advancement helps these devices to perform all the tasks efficiently to report findings of any harmful materials. This new development is expected to enhance product penetration of leading companies and propel growth in the market.
Increasing terrorism throughout the world has resulted in the increase of security screening system in all public places and areas including airports, ports, railway stations, shopping malls, etc., thus boosting market growth. Large-scale Surveillance in the public gathering is being a crucial task for maintaining law & order. Explosive trace detection equipment usage in this scenario is expected to foster the product demand over the forecast period.
Growing aviation security need and government regulation on public safety are projected to encourage market growth as aviation security depends on the safety screening to a maximum extent. Increasing incidences of plane highjack's along with rising focus on passenger security is expected to fuel the market growth over the forecast period.
High equipment installation cost is projected to restrain the market growth. The Economic downturn has decreased government spending on public security which is further projected to hamper the market growth over the forecast period.
Increasing demand for national security, the safety of institutions having high national importance and public safety is anticipated to create new opportunities for the market participants. Rising Chinese investment in building new airports is also projected to provide ample prospect for the market growth.
Turmoil occurred Middle East countries, as well as terrorist strikes in various nations across the world, is expected to increase demand for explosive trace detection equipment. Proposed legislation by the U.S. to enforce hundred percent cargo screening practices is supposed to enhance further the market growth.
The explosive trace detection market can be divided on the basis of technology, product, type, region and end-use sector. Based on the product the market can be segmented as hand held, table top and other detectors. Handheld detectors are portable detectors which are used on the sedentary basis.
By technology, the market can be segmented as chemiluminescence, thermo-redox, amplifying fluorescent polymer, mass spectrometry, ion mobility spectrometry, and colorimetrics & automated colorimetric.
Based on end-use, the market can be segmented as critical infrastructure, costumes & border protection, event security, law enforcements, ports, and event security. Ports & customs and border protection sectors use explosive trace detection equipment to a great extent to make sure that no illegal material cross the border in or out. In event security and law enforcement the equipment’s are used for public safety.
North America occupies significant market share presently. Massive government investments for improving the state safety is the primary reason for the market growth. Terrorist attack on the U.S. in addition to increasing threat from various terrorist organizations such as ISIS has helped the market penetration. Asia Pacific expected to witness highest growth rate over the forecast period. The increase in terrorist activates in countries such as Pakistan, India, Bangladesh, etc., along with cross-border tensions in the region are the primary factors contributing to the growth.
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com
Increasing tensions and terrorist activities throughout the world has triggered demand for high-level monitoring in aviation, public, government and other places. This is expected to fuel explosive trace detection systems demand.
Rising occurrences of organized crimes and the presence of antisocial networks which has led to high-level security system requirements to tackle them. Maoist organizations increased their activities in many regions and being a major threat to public and VIP safety. Explosive trace detectors play a vital role ensuring VIP and public safety & security.
Places of national interest including religious places, critical & state industries such as atomic power plants space installations, oil fields and refineries, heavy engineering, steel plants, fertilizer units, airports, hydroelectric & thermal power plants and factories owned and controlled by the state undergoing serious threat from antisocial activists. Explosive trace detectors play a major role in helping the security organizations to safeguard these institutions.
Advancement in explosive trace detector products by using advanced sample collection technology has developed as a significant trend in global market helping product improvement and better performing tests.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/explosive-trace-detection-market
New explosive trace detection equipment can collect trace particle from the material to be examined in required amount. Technological advancement helps these devices to perform all the tasks efficiently to report findings of any harmful materials. This new development is expected to enhance product penetration of leading companies and propel growth in the market.
Increasing terrorism throughout the world has resulted in the increase of security screening system in all public places and areas including airports, ports, railway stations, shopping malls, etc., thus boosting market growth. Large-scale Surveillance in the public gathering is being a crucial task for maintaining law & order. Explosive trace detection equipment usage in this scenario is expected to foster the product demand over the forecast period.
Growing aviation security need and government regulation on public safety are projected to encourage market growth as aviation security depends on the safety screening to a maximum extent. Increasing incidences of plane highjack's along with rising focus on passenger security is expected to fuel the market growth over the forecast period.
High equipment installation cost is projected to restrain the market growth. The Economic downturn has decreased government spending on public security which is further projected to hamper the market growth over the forecast period.
Increasing demand for national security, the safety of institutions having high national importance and public safety is anticipated to create new opportunities for the market participants. Rising Chinese investment in building new airports is also projected to provide ample prospect for the market growth.
Turmoil occurred Middle East countries, as well as terrorist strikes in various nations across the world, is expected to increase demand for explosive trace detection equipment. Proposed legislation by the U.S. to enforce hundred percent cargo screening practices is supposed to enhance further the market growth.
The explosive trace detection market can be divided on the basis of technology, product, type, region and end-use sector. Based on the product the market can be segmented as hand held, table top and other detectors. Handheld detectors are portable detectors which are used on the sedentary basis.
By technology, the market can be segmented as chemiluminescence, thermo-redox, amplifying fluorescent polymer, mass spectrometry, ion mobility spectrometry, and colorimetrics & automated colorimetric.
Based on end-use, the market can be segmented as critical infrastructure, costumes & border protection, event security, law enforcements, ports, and event security. Ports & customs and border protection sectors use explosive trace detection equipment to a great extent to make sure that no illegal material cross the border in or out. In event security and law enforcement the equipment’s are used for public safety.
North America occupies significant market share presently. Massive government investments for improving the state safety is the primary reason for the market growth. Terrorist attack on the U.S. in addition to increasing threat from various terrorist organizations such as ISIS has helped the market penetration. Asia Pacific expected to witness highest growth rate over the forecast period. The increase in terrorist activates in countries such as Pakistan, India, Bangladesh, etc., along with cross-border tensions in the region are the primary factors contributing to the growth.
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com
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