Technology & Telecommunications

According to a market report by Lucintel, the future of the global explosive trace detection market looks promising with opportunities in the military and defense, transportation and logistic, public safety & law enforcement, and commercial applications. The global explosive trace detection market is expected to reach an estimated $2.05 billion by 2028 with a CAGR of 9.5% from 2023 to 2028. The major drivers for this market are rising number of terrorist acts, increasing government guidelines for aviation security screening, and rapid adoption this technology to check travellers and luggage at government, military, and enterprises places.



In this market, handheld and vehicle mounted are the two types of explosive trace detection used by various end use industries. Lucintel forecasts that handheld will remain the larger segment over the forecast period due to growing adoption of handheld devices in force protection, border security, search and rescue, and critical infrastructure applications.



Within this market, military and defense segment will remain the largest segment due to growing number of terrorist attacks and cross-border disputes and increasing investment in the defense industry.



APAC is expected to witness the highest growth over the forecast period due to rising number of airports and increasing adoption of explosive trace detection gadgets to detect narcotics in the region.

Autoclear, Bruker, DetectaChem, Leidos Holdings, Nuctech, Smiths Detection, and Teledyne FLIR are the major suppliers in the global explosive trace detection market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global explosive trace detection market by product, technology, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Explosive Trace Detection Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global explosive trace detection market by product, technology, application, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global explosive trace detection market by product (handheld, vehicle mounted, and others), technology (colorimetrics, ion mobility spectrometry, thermo-redox, chemiluminescence, amplifying fluorescent polymer, and others), application (military and defense, transportation and logistics, public safety and law enforcement, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?