The global explosive trace detection (ETD) market size is expected to register a lucrative CAGR over the forecast period. Increasing initiatives by various governments across the globe for improvised security of the population is a key factor expected to drive growth of the global market. In addition, rising terrorist activities has further resulted in need and demand for ETDs.
The global explosive trace detection market report has been segmented on the basis of product type, application, and region.
On the basis of product type the global market is segmented into handheld, vehicle-mounted, and other detectors (robotics and biosensors). The handheld detectors segment is expected to register highest CAGR in terms of revenue owing to product offerings such as tri-mode operation and open database which offers enhanced detection and convenience to users.
On the basis of application, the global market is segmented into military & defense, transportation & logistics, public safety & law enforcement, commercial, and others (residential, aviation, etc.). The public safety & law enforcement segment is expected to adopt these detectors the most and is expected to register highest CAGR in terms of revenue during the forecast period.
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On the basis of region, the global explosive trace detection market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The market in North America is estimated to hold major revenue share in the global market, followed by markets in Europe Asia Pacific, Latin America, and Middle East & Africa respectively. Market in Asia Pacific is projected to register comparatively higher CAGR during the forecast period.
Key players operating in the global explosive trace detection market include Autoclear LLC, Smiths Detection Inc., American Science and Engineering Inc., FLIR Systems Inc., OSI Systems Inc., Leidos Holdings Inc., Analogic Corporation, Morpho Detection, L-3 Communication, and Nuctech.