Global Contraband Detector Market Size 2024, Forecast To 2033
6 Mar, 2024
The contraband detector market has witnessed robust growth, increasing from $4.63 billion in 2023 to $4.96 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 7.2% during the historical period. This growth can be attributed to factors such as heightened security concerns, regulatory compliance requirements, the growth of global trade, and challenges posed by organized crime, contributing to the emphasis on air travel safety. Looking forward to 2028, the market is expected to maintain its strong growth trajectory, reaching $6.57 billion with a CAGR of 7.3%. Anticipated growth drivers for the forecast period include stricter border controls, market expansion in emerging economies, industry-specific compliance requirements, and concerns related to cross-border terrorism and public infrastructure protection. Notable trends during this period encompass customization for various applications, the adoption of cloud-based data storage, a focus on user-friendly interfaces, and continuous research and development efforts.
Global Contraband Detector Market Key Driver
The rising terrorist activities are expected to propel the growth of the contraband detector market going forward. Terrorist activities refer to acts of violence or intimidation by individuals, groups, or organizations to create fear, panic, and disruption within a population. Contraband detectors prevent terrorist activities like carrying weapons, cash, smuggled drugs, bombs, or explosives. They are critical for aviation security, cargo screening, and broader counter-terrorism and national security activities by discovering dangerous substances. For instance, in March 2023, according to Global Terrorism Index 2023, 2022 saw an increase in the average number of terrorist deaths from 1.3 per incident in 2021 to 1.7 per attack in 2022. Therefore, rising terrorist activities are driving the growth of the contraband detector market.
Get A Free Sample Of The Global Contraband Detector Market ReportGlobal Contraband Detector Market Segments
The contraband detector market covered in this report is segmented –
1) By Technology: X-ray Imaging, Metal Detection, Spectrometry and Spectroscopy, Other Technologies
2) By Target-Based Screening: People Screening, Baggage And Cargo Screening, Vehicle Screening
3) By Deployment Type: Fixed, Portable
4) By Application: Transportation, Government, Retail, Hospitality, Commercial, Industrial, Education, Events And Sports, Other Applications
By Geography:The regions covered in the contraband detector market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the global contraband detector market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the contraband detector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Contraband Detector Industry Players
Smiths Group plc, Nuctech Company Limited, Metrasens, LINEV Systems US Inc., Godrej & Boyce Mfg. Co Ltd., Garrett Electronics Inc., Leidos Holdings Inc., OSI Systems Inc., Costruzioni Elettroniche Industriali Automatismi C.E.I.A. SpA, Campbell/Harris Security Equipment Company, Vidisco Limited, Autoclear LLC, Astrophysics Inc., Berkeley Varitronics Systems Inc., MS Technologies Inc., ADANI Group, L3Harris Technologies Inc., Westminster International Limited, CEIA SpA, Rapiscan Systems Inc., American Science and Engineering Inc., Analogic Corporation, DetectaChem LLC, Fisher Research Laboratory, FLIR Systems Inc., Implant Sciences Corporation, Kromek Group plc, Morpho Detection LLC, NABCO Systems LLC, Optosecurity Inc., Scanna MSC Limited, Tek84 Engineering Group LLC,
Get The Full Global Contraband Detector Market Report
Contraband Detector Market Overview
A contraband detector is a device or system to identify and locate prohibited or illegal items. It is commonly used in security settings to prevent the smuggling of illicit goods or substances.
Contraband Detector Global Market Report 2023 provides data on the global contraband detector market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The contraband detector market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.