Global Explosive Detection Equipment Market 2019-2023| Evolving Opportunities with Chemring Group and Cobham | Technavio
LONDON--(BUSINESS WIRE)--Nov 15, 2019--
Technavio has been monitoring the global explosive detection equipment market since 2017 and the market is poised to grow by USD 3.10 billion during 2019-2023 at a CAGR of almost 9% during the forecast period. Request Free Sample Pages
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Technavio has announced its latest market research report titled global explosive detection equipment market 2019-2023 (Graphic: Business Wire)
Read the 133-page research report with TOC on “Explosive Detection Equipment Market Analysis Report by Application (Hand-held detectors, Ground-mounted screeners, and Vehicle-mounted screeners), by Geography (APAC, Europe, the Middle East and Africa, and North America), and Segment Forecasts, 2019 - 2023”.
The market is driven by the enhanced security mandate of authorities. In addition, the advent of wearable explosive detection equipment is anticipated to further boost the growth of the explosive detection equipment market.
Increase in weapons and radiological materials and smuggling of explosives is encouraging the development of powerful technologies such as explosive detection equipment. In addition, security agencies are encouraged to enhance their security planning. The preventive security planning by security agencies involves the deployment of anti-explosive detectors and scanners in the aviation, offshore oil and gas transport, air cargo supply chain, and maritime sectors. Thus, the enhanced security mandate of authorities is expected to drive market growth during the forecast period.
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Major Five Explosive Detection Equipment Market Companies:
Chemring Group is headquartered in the UK and operates the business under various segments such as Countermeasures, Sensors, and Energetics. The company offers Husky mounted detection system (HMDS) and Groundshark.
Cobham is headquartered in the UK and offers products through the following business units: Communications and Connectivity, Mission Systems, Advanced Electronic Solutions, and Aviation Services. The company offers Vallon MINEHOUND VMR3.
FLIR Systems is headquartered in the US and operates the business operation under various business segments, namely Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection. The company offers Fido X3 and identiFINDER R440.
L3 Technologies is headquartered in the US and offers products through the following business segments: Electronic Systems, Aerospace Systems, Communication Systems, and Sensor Systems. The company offers eXaminer 3DX.
Smiths Group is headquartered in the UK and offers products through the following business segments: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek. The company offers HI-SCAN 7555aX and HI-SCAN 10080 XCT.
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Explosive Detection Equipment Application Outlook (Revenue, USD Million, 2019 - 2023)
- Hand-held detectors
- Ground-mounted screeners
- Vehicle-mounted screeners
Explosive Detection Equipment Regional Outlook (Revenue, USD Million, 2019 - 2023)
- North America
- South America
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PUB: 11/15/2019 05:00 PM/DISC: 11/15/2019 05:00 PM