Explosive Trace Detection Market Is Expected To Reach $ 2.36 Billion by 2025

 Explosive Trace Detection Market

San Francisco, 25 Sep 2020: The Report Explosive Trace Detection (ETD) Market Size, Share & Trends Analysis Report By Product Type (Handheld, Vehicle-Mounted), By Application (Military & Defense, Public Safety, Transportation), And Segment Forecasts, 2018 - 2025

The global explosive trace detection market size is expected to reach USD 2.36 billion by 2025, according to a study conducted by Grand View Research, Inc., registering a 10.5% CAGR during the forecast period. Rise in terrorist activities across the globe and increasing the adoption of explosive trace detectors in public safety and law enforcement sectors have bolstered market growth. These devices enable users to experience enhanced security and detection capabilities.

The growing interest of explosive trace detector companies such as Chemring Group PLC in capturing a larger market share in regions such as Middle East is expected to drive the adoption of explosive trace detectors. Additionally, increasing commercial activities are bolstering market growth in the region.

The Asia Pacific regional market is expected to witness considerable growth, owing to the increasing need for public safety. Stringent government regulations pertaining to security screening is also bolstering the market growth. Additionally, increased defense budgets in developing countries in the region are boosting the market.

However, high costs pertaining to the development and maintenance of explosive trace detectors are expected to hinder market growth. Therefore, device providers are focusing on developing affordable solutions that can be used in other application sectors, such as utilities and transportation.

Access Research Report of Explosive Trace Detection Market https://www.grandviewresearch.com/industry-analysis/explosive-trace-detection-market

Further key findings from the study suggest:

  • Handheld explosive trace detectors offer visual and audio alerts. Therefore, the segment is expected to exhibit the highest CAGR over the forecast period
  • Demand for explosive trace detectors is expected to increase in the public safety and law enforcement segment owing to benefits such as real-time 3D color images offered by these detectors
  • Asia Pacific is expected to emerge as the fastest-growing region over the forecast period due to increased adoption of explosive trace detectors by the transportation and logistics sector in the region
  • Prominent industry participants include Chemring Group; FLIR Systems, Inc.; L3 Technologies, Inc.; OSI Systems, Inc.; and Smiths Detection Inc.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global explosive trace detection market based on product type, application, and region:

Explosive Trace Detection Product Type (Revenue, USD Million, 2014 - 2025)

  • Handheld
  • Vehicle-Mounted
  • Other Detectors

Explosive Trace Detection Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Military & Defense
  • Transportation & Logistics
  • Public Safety & Law Enforcement
  • Commercial
  • Others

Explosive Trace Detection Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America
  • Europe
  • Asia Pacific
  • South America
  • MEA

Access Press Release of Explosive Trace Detection Market @ https://www.grandviewresearch.com/press-release/global-explosive-trace-detection-market

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.

For More Information:www.grandviewresearch.com

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