DUBLIN–(BUSINESS WIRE)–Feb 28, 2019–The “Global Explosive Trace Detection (ETD) Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The explosive trace detection (ETD) market will register a CAGR of almost 11% by 2023.
The rapid increase in air passenger numbers has resulted in significant changes in the standard operating procedure (SOP) of airport terminals as they need to manage this growth with minimum capacity constraints while ensuring no lapses in security protocols.
Terror threats have augmented the level of security at various checkpoints, resulting in the incorporation of advanced machinery to perform rapid scanning of people and baggage for explosives and other threats such as chemical weapons. Hence, companies are expanding their product offerings with compact systems to ensure minimal installation constraints in tight spaces at various entry and exit points in an airport.
Thus, the growing adoption of advanced automated scanning systems will significantly contribute to the global ETD market during the forecast period.
Evolution of concealment techniques used by terror organizations
Global transport systems are targeted by terrorist organizations for inflicting mass casualties and causing substantial damage to the economy of a country. The frequency of terrorist attacks at surface transportation targets such as crowded train stations, commuter trains, subways, and substances. Increasing procurement levels are, therefore, expected to boost the global ETD market during the forecast period.
Confidence breach due to sale of counterfeit products
The global ETD market is subjected to global criticism due to the scams that the market witnessed during the last decade. The instances of widespread sales of counterfeit detectors to security agencies of various countries have lowered the level of confidence on the authenticity of handheld products. Moreover, the low trust levels have reduced the number of contracts placed for such devices, which, in turn, have limited the growth opportunities for the global ETD market.
The market appears to be highly fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
The key players in the global explosive trace detection (ETD) market are Chemring Group PLC, FLIR Systems, Inc., L3 Technologies, Inc., OSI Systems, Inc., Smiths Group plc.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Infrastructure, border security, and public safety – Market size and forecast 2018-2023
- Defense – Market size and forecast 2018-2023
- Airport, transportation, and logistics security – Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2018-2023
- APAC – Market size and forecast 2018-2023
- Europe – Market size and forecast 2018-2023
- MEA – Market size and forecast 2018-2023
- South America – Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Advent of wearable explosive detection equipment
- Emergence of unmanned systems-based detectors
- Advent of AI tools in EDS
- Emergence of Laser Spectroscopy Detection Technology
PART 11: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Chemring Group PLC
- FLIR Systems, Inc.
- L3 Technologies, Inc.
- OSI Systems, Inc.
- Smiths Group plc
PART 13: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/research/22pdw4/global_explosive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190228005512/en/
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INDUSTRY KEYWORD: TECHNOLOGY SECURITY DEFENSE OTHER DEFENSE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 02/28/2019 08:21 AM/DISC: 02/28/2019 08:21 AM