Explosive detection technology market is anticipated to grow at a CAGR of 6.3% during the forecast period (2024-2031). The explosive detection technology market is driven by increasing security concerns, stringent regulations, technological advancements, increasing air passenger traffic, military modernization programs, investments in R&D, emerging new threats, integration of AI and ML, growing demand for non-intrusive screening solutions, and public safety concerns. These factors drive the adoption of explosive detection technologies across sectors such as transportation, aviation, defense, law enforcement, and critical infrastructure protection. Advancements in sensor technologies, such as trace detection systems and X-ray scanners, improve detection accuracy and speed. The growing demand for non-intrusive screening solutions and public safety concerns further drive the adoption of explosive detection technologies.
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The demand for advanced security measures, such as explosive detection systems, to identify and stop terrorist attacks is highlighted by the rise in terrorist fatalities considering an improvement in prevalence. According to the Global Terrorism Index 2024 (GTI), presently continues to be a significant risk of terrorism globally. In 2023, there were 8,352 total terrorist fetalities, which is a 22.0% increase from the previous year. This has been the largest number since 2017. Fetalities have gone up by 5.0% even if the attacks of October 7th were excluded. This is despite a 22.0% decline in terrorist incidents to 3,350, which led to a 56.0% rise in the average number of fatalities per assault. This rate represents the lowest in over a decade.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Explosive Detection Technology Market by Technology Type
- Trace Detector
- Bulk Detector
Global Explosive Detection Technology Market by Function
- Manual
- Handheld
- Automated
Global Explosive Detection Technology Market by End-user
- Airport
- Critical Infrastructure
- Ports and Borders
- Military and Defense
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Analogic Corp.
- Bruker Corp.
- Chemring Group PLC
- Cobham Ltd.
- DetectaChem
- Elbit Systems Ltd.
- Emerson Electric Co.
- Kromek Group plc
- Leidos, Inc.
- Matheson Tri-Gas, Inc.
- MS Technologies Inc.
- OSI Systems Inc.
- Safran Group
- Security Electronic Equipment Co., Ltd.
- Scanna MSC Inc
- Smiths Group plc
- Thermo Fisher Scientific Inc.
- Westminster Group Plc
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global explosive detection technology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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