IMARC Group, a leading market research company, has recently released report titled, “Explosive Trace Detection (ETD) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, The study provides a detailed analysis of the industry, including the global explosive trace detection (ETD) market size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the explosive trace detection market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 2.1 Billion |
| Market Forecast in 2028 | US$4.1 Billion |
| Growth rate (2023 to 2028) | CAGR of 11.60% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is explosive trace detection?
Explosive Trace Detection (ETD) represents a technology used to detect the presence of minute traces of explosive substances that may pose a threat. They are characterized by heightened sensitivity to notice extremely low levels of explosive residue and enhanced selectivity to distinguish between different types of explosives and non-explosive substances. ETD systems are non-invasive devices that work by non-contact sampling and rapid detection, thereby facilitating efficient screening in high-traffic areas. They can be utilized with other security measures, including X-ray scanners, metal detectors, and canine teams, thereby minimizing the risk of damage or compromising the integrity of tested items and providing better output.
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What are the growth prospects and trends in the explosive trace detection industry?
The rising need for enhancing safety standards in critical infrastructure, such as government buildings and public gathering spaces, on account of the increasing threats of terrorism, mob attacks, insurgence, and geopolitical tensions, is among the key factors driving the explosive trace detection (ETD ) market. Moreover, the implementation of strict security regulations in the aviation industry to protect passengers and prevent potential terrorist attacks is resulting in large-scale product deployment in airports, which is also stimulating the market growth. Besides this, the growing number of measures by the government bodies of numerous countries to detect and prevent the smuggling of explosives or other dangerous materials is acting as another significant growth-inducing factor. Furthermore, continuous product innovations with enhanced sample collection features, analysis techniques, and data interpretation software are further propelling the global market. Apart from this, growing urbanization levels and increasing cross-border trade are positively influencing the market growth. Additionally, the introduction of improvised explosive devices (IEDs) and extensive research and development (R&D) activities by key players are anticipated to fuel the explosive trace detection (ETD) market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Insights:
- Handheld
- Vehicle-Mounted
- Others
Technology Insights:
- Colorimetrics
- Ion Mobility Spectrometry
- Thermo-Redox
- Chemiluminescence
- Amplifying Fluorescent Polymer
- Others
Application Insights:
- Military and Defense
- Transportation and Logistics
- Public Safety and Law Enforcement
- Commercial
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Autoclear LLC
- Bruker Corporation
- DetectaChem LLC
- Leidos Holdings Inc.
- Nuctech Company Limited
- Smiths Detection Group Inc
- Teledyne FLIR LLC
- Westminster International Ltd., etc.
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