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The Explosive Detectors Market Size would reach market size of $9,069.2 million by 2023, growing at a CAGR of 9.4% during 2017 -2023. Explosive detectors are used to detect different kinds and amount of explosive materials by combining the available data from an operational subsystem. Once the assessment is done, the explosive detector is programed to raise an alarm in case of detection of explosives for resolution by either explosive-detection equipment or by a human operator.The explosive detector market would witness unprecedented growth in the years ahead, due to growing security concerns around the world. The explosive detectors were basically employed in the aerospace & defense applications. However, technological advancements and growing awareness about the benefits of explosive detectors have expanded the application areas of the technology in many other industries such as aviation, cargo & transport and government sectors.
Based on Technologies, the Explosive Detectors Market Size is segmented into Bulk Detector and Trace Detector. Based on Products Types, the market is segmented into Handheld, Vehicle Mounted, Robotics, and Others. Based on End Users, the market is segmented into Aviation, Military & Defense, Cargo & Transport, Public Places, and Others.Based on region, Explosive Detector market size is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific) and Latin America, Middle East & Africa. North America remained the dominant region in the Explosive Detector market in 2016. Asia Pacific would witness promising CAGR during the forecast period (2017-2023).
The Explosive Detectors Market Analysis report covers the analysis of key stake holders of the Explosive Detector market. Key companies profiled in the report include Analogic Corporation, Chemring Group Plc., Cobham Plc., Flir Systems, Inc., Westminster Group, L-3 Communications Holdings, Inc., OSI Systems, Smiths Group Plc. (Smiths Detection), Nuctech Co. Ltd., and Novo Dr Ltd.