It isn’t uncommon to hear about plane hijacks and mid-air bombings these days. As such, the high profile agencies like airports and ports are employing several security measures. Along these lines, the government of India has made security audits at every airport mandatory. This is into practice since the year 2016. 100% cargo screening has been mandated by the TSA (Transportation Security Administration) since the year 2012 in the US. The EC (European Commission) laid down regulations regarding the risk-based screening for cargo since the year 2013.
The ongoing trend is that of developing miniaturized and portable units, so as to curtail the equipment’s cost. In other words, development of low-cost devices for detecting chemical explosives in minimum time could make way for lucrative opportunities for the players in explosive detection technologies market. Persistence Market Research has entailed these findings with subsequent steps to be taken in its latest market study entitled “Explosive Detection Technologies Market”.
What’s with the dispersion of Explosive Detection Technologies Market?
Explosive Detection Technologies market, by technology, spans bulk detection (X-Ray, infrared, electromagnetic, and others) and trace detection (optical, non-optical, biosensors, and others). By function, it’s manual and automated. By end-use, it’s critical infrastructure, air transport, ports and borders, and military and defense. Out of these, military and defense holds the largest market share. Persistence Market Research has mentioned about these facts in its latest market study entitled “Explosive Detection Technologies market”.
North America holds the largest market share, followed by the Europe, Asia—Pacific, LATAM, and MEA. With security being of prime concern, the governments across the globe are proactively investing in explosive detection technologies. This scenario is expected to continue even in the forecast period. Also, air travel is on the verge of resumption post-Covid. Persistence Market research has envisioned this with probable calls to action in its latest market study entitled “Explosive Detection Technologies Market”.
Competitive Detection Technologies
Persistence Market Research has profiled the key players in explosive detection technologies market as Smiths Group plc, Kromek Group plc, 3Harris Technologies, Inc., OSI Systems Inc., Elbit Systems Ltd., Chemring Group Plc, Implant Sciences Inc., Guangzhou Skyscanner Electronic Equipment Co. Ltd., Security Electronic Equipment Co., Ltd., and Suzhou Aoteng Electron Technology Co., Ltd. These players are into mergers, acquisitions, new product launch, partnerships, and joint ventures to keep themselves afloat in the forecast period.
The global explosive detection technologies market is expected to witness geometric progression in the forecast period – Persistence Market Research