IMARC Group, a leading market research company, has recently releases 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 share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
The global explosive trace detection (ETD) market size reached US$ 2.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2028, exhibiting a growth rate (CAGR) of 11.60% during 2023-2028.
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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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.
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
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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