What Has Driven the Growth of the Explosive Detection Technology Market in Recent Years?
The explosive detection technology market has seen considerable growth due to a variety of factors.
• Recent years have seen robust growth in the market size of explosive detection technology. The market is projected to expand from $7.33 billion in 2024 to $7.82 billion in 2025, registering a compound annual growth rate (CAGR) of 6.7%.
Factors like heightened focus on national security, growth in defence and homeland security budgets, increasing demand for screening technologies, substantial investments in research & development, and a rise in drone usage contribute to the growth experienced in the historic period.
What Are the Future Growth Projections for the Explosive Detection Technology Market?
The explosive detection technology market is expected to maintain its strong growth trajectory in upcoming years.
• There is an expectation of significant expansion in the explosive detection technology market in the coming years, with predictions showing a rise to $10 billion by 2029, and a compound annual growth rate (CAGR) of 6.4%.
This projected growth during the forecast period is primarily due to factors such as the larger number of airports and associated investments, increased defense and military expenditure, governmental policies, heightened demand for security infrastructure, and an elevated risk from explosive strikes. Technological progression, the incorporation of AI, sensor technology, robotics, and data analytics are all major trends in this forecast period.
What Are the Critical Driver Fuelling the Explosive Detection Technology Market's Growth?
The increasing incidences of worldwide terrorism are anticipated to accelerate the expansion of the explosive detection technology market. Terrorism involves violence, intimidation, or threats, usually directed towards innocent civilians, with the aim of accomplishing political, religious, or ideological goals. The surge in terrorism can be attributed to political instability, ideological extremism, socio-economic disparity, technological progress, and existing geopolitical disputes. Counter-terrorism incorporates explosive detection technology to spot and inhibit the use of explosives in populated areas, airports, and places with heightened risk, thereby maintaining peace and security. For instance, the 2023 Global Terrorism Index report by Institute for Economics & Peace, an organization based in Australia, revealed in December 2023 that terrorist attacks have become more destructive, with the average fatalities per attack escalating by 26%. The death rate increased to 1.7 fatalities per attack in 2022, a significant increase from 1.3 fatalities per attack in 2021. Hence, the upward trend in global terrorism is fuelling the progress of the explosive detection technology market.
What Are The Major Segments Within The Explosive Detection Technology Market?
The explosive detection technology market covered in this report is segmented –
1) By Technology: Bulk Detection, Trace Detection
2) By Function: Automated, Manual
3) By Application: Transport Safety, Safeguarding Facilities, Other Applications
4) By End Use: Air Transport, Critical Infrastructure, Ports And Borders, Military And Defense
Subsegments:
1) By Bulk Detection: X-ray Inspection Systems, Gamma-ray Detection Systems, Neutron Activation Systems, Ground Penetrating Radar (GPR), Explosive Detection Using Canine-Assisted Detection Systems, Bulk Acoustic Wave (BAW) Sensors, Acoustic and Vibration-Based Detection Systems, Advanced Radar Imaging For Bulk Detection
2) By Trace Detection: Ion Mobility Spectrometry (IMS), Mass Spectrometry (MS), Laser-Induced Breakdown Spectroscopy (LIBS), Surface Enhanced Raman Spectroscopy (SERS), Chemical Ionization Detection, Photoionization Detectors (PID), Field Asymmetric Ion Mobility Spectrometry (FAIMS), Electronic Nose and Sensor Arrays For Trace Detection
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Which Trends Are Expected To Transform The Explosive Detection Technology Market?
Leading firms in the explosive detection technology market are prioritizing the development of novel solutions like a portable trace detection system to augment security protocols in diverse settings. This system is a small gadget crafted to identify minuscule amounts of explosive materials instantly - enabling swift and effective screening in places like airports, border crossings, and public gatherings. For example, in April 2023, Pokhriyal, an Indian enterprise specializing in the production of advanced explosive detection systems, introduced NanoSniffer. This is a microsensor-based explosive trace detector engineered for swift and precise detection of explosives, rendering it ideal for a range of uses including airport security, military activities, and public safety.
Who Are the Key Players in the Explosive Detection Technology Market?
Major companies operating in the explosive detection technology market are include:
•General Electric Company
• Safran SA
• L3Harris Technologies Inc.
• Leidos Holdings Inc.
• Elbit Systems Ltd.
• Smiths Detection Group Ltd.
• Bruker Corporation
• Cobham PLC
• FLIR Systems Inc.
• MSA Safety Incorporated
• OSI Systems Inc.
• Chemring Group PLC
• Analogic Corporation
• Nuctech Company Limited
• Rapiscan Systems Inc.
• American Science and Engineering Inc.
• Implant Sciences Corporation
• Morpho Detection LLC
• Autoclear LLC
• Viken Detection LLC
• Kromek Group PLC
• Proengin SA
What Is The Most Dominant Region In The Explosive Detection Technology Market?
Asia-Pacific was the largest region in the explosive detection technology market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the explosive detection technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
