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Market Share of Explosive Detection Technologies

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North America and Europe are expected to contribute significant revenue share to the global explosive detection technologies market throughout the forecast period.
Global Market Study on Explosive Detection
Technologies: Asia-Pacific Anticipated to be the
Fastest Growing Market
R e s e a r c h
Report Media Releases
Global Sales of Explosive Detection Technologies
Estimated to be Valued at US$ 5.4 Bn by 2016; Projections
Indicate an Incremental Opportunity of US$ 3.9 Bn
Between 2016 and 2024
The global demand for explosive detection technologies is expected to increase at a Y-o-Y
growth rate of 5.4% in 2016. Global consumption of explosive detection technologies is
estimated to be pegged at 41,960 units by the end of 2016 and is expected to increase at a
M a r k e t
CAGR of 5.2% over the forecast period (2016–2024). In a new report titled “Explosive Detection
Technologies Market: Global Industry Analysis and Forecast, 2016–2024”, Persistence Market
Research analyzes the global explosive detection technologies market and provides a forecast for
the next eight years.
Demand for explosive detection technologies is expected to increase at a significant rate across
airports in order to ensure security. Increasing regulations across the globe to enhance security,
increasing passenger volumes, upcoming airport construction projects, and increasing terror
threat perception are major factors expected to drive the demand for explosive detection
technologies worldwide. A growing geo-political unrest in various countries across the globe is
P e r s i s t e n c e
also expected to support market growth in the near future. Top market players are focusing on
obtaining long-term supply agreements for explosive detection technologies for government and
other applications, which in turn is expected to increase installation of new devices in various
countries across the globe. Development of improvised explosive devices is a major challenge
for the explosive detection technologies market. Moreover, explosive detection is a labor
intensive process requiring faster screening to avoid significant delays. This factor is likely to
restrain the growth of the explosive detection technologies market over the forecast period.
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http://www.persistencemarketresearch.com/samples/11098
The global explosive detection technologies market is segmented on the basis of Function,
Technology, End User, and Region. The Manual segment is expected to expand at a CAGR of
6.1% in terms of value and the automated segment is expected to expand at the highest CAGR
of 8.0% in terms of value over the forecast period. The Bulk Detection segment is estimated to
account for a market value share of 57.4% by the end of 2016; while the Trace Detection
Global Explosive Detection Technologies Market 2016-2024
R e s e a r c h
segment is anticipated to be valued at US$ 2,285.7 Mn by the end of 2016 and is expected to
reach US$ 4,154.7 Mn by the end of the forecast period. The Air Transport and Critical
Infrastructure segments are estimated to collectively account for over 55% revenue share by the
end of 2016.
Browse Complete Report @ http://www.persistencemarketresearch.com/marketresearch/explosive-detection-technologies-market.asp
On the basis of regions, the global explosive detection technologies market has been segmented
into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Asia
Pacific is estimated to account for over 20% share of the global explosive detection technologies
M a r k e t
market in terms of value by the end of 2016, projected to expand at a value CAGR of 9.0% over
the forecast period. Markets in North America and Europe are estimated to collectively account
for over 60% share in terms of value by the end of 2016. North America and Europe are
expected to contribute significant revenue share to the global explosive detection technologies
market throughout the forecast period.
Download Table of Content Here @ http://www.persistencemarketresearch.com/marketresearch/explosive-detection-technologies-market/toc
Leading players operating in the global explosive detection technologies market are – Safran
SA, Smiths Group plc., L-3 Communications Holdings Inc., Kromek Group plc, OSI Systems Inc.,
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Elbit Systems Ltd., Chemring Group PLC, Implant Sciences Inc., Guangzhou Skyscanner
Electronic Equipment Co. Ltd., Security Electronic Equipment Co. Ltd., Suzhou Aoteng Electron
Technology Co. Ltd., Kunshan Sanxun Electronics Technology Co. Ltd., Tongfang Weishi
Technology Co. Ltd., and Shanghai WeiEn Security Equipment Co. Ltd.
Global Explosive Detection Technologies Market 2016-2024
R e s e a r c h
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Global Explosive Detection Technologies Market 2016-2024
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