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According to a new report Explosive Detector Market (2017-2023), published by KBV Research, the Explosive Detector Market is expected to attain a market size of $9.0 billion by 2023, growing at a CAGR of 9.4% during the forecast period.
The Bulk Detector market dominated the Global Explosive Detector Market by Technology in 2016, and would continue to be a dominant market till 2023. The Trace Detector market is expected to witness a CAGR of 13.5% during (2017 - 2023).
The North America market dominated the Global Vehicle Mounted Explosive Detectors Market by Region in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 8.5 % during the forecast period. The Europe market is expected to witness a CAGR of 9% during (2017 - 2023). Additionally, The Asia Pacific market is expected to witness a CAGR of 11.8% during (2017 - 2023).
The Aviation market dominated the Global Explosive Detectors Market by End User in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 8.2 % during the forecast period. The Military & Defense market is expected to witness a CAGR of 9.8% during (2017 - 2023). Additionally, The Cargo & Transport market would attain a market value of $1,609.8 million by 2023.
Based on the Analysis presented in the Cardinal matrix, L-3 Communications Holdings, Inc., is the forerunners in the Explosive Detectors market. Companies such as Flir Systems, Inc., Smiths Group Plc., OSI Systems Inc. and Chemring Group Plc. are some of the key innovators in Explosive Detectors Market.
KBV Cardinal Matrix - Explosive Detectors Market,
Source: KBV Research Analysis, Company Publications and Secondary Research
The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key influencing factors of the global Explosive Detector have been discussed in the report along with the elaborated company profiles of 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.
Full report - https://www.kbvresearch.com/explosive-detector-market/
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