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Explosive Trace Detection Market Trends and Forecast

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.
 
Explosive Trace Detection Market

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown here. 
 
Explosive Trace Detection Market by Segments

 
Explosive Trace Detection Market by Segment

The study includes trends and forecast for the global explosive trace detection market by product, technology, application, and region, as follows:

Explosive Trace Detection Market by Product [Shipment Analysis by Value from 2017 to 2028]:

  • Handheld
  • Vehicle Mounted
  • Others

Explosive Trace Detection Market by Technology [Shipment Analysis by Value from 2017 to 2028]:

  • Colorimetrics
  • Ion Mobility Spectrometry
  • Thermo-Redox
  • Chemiluminescence
  • Amplifying Fluorescent Polymer
  • Others

Explosive Trace Detection Market by Application [Shipment Analysis by Value from 2017 to 2028]:

  • Military and Defense
  • Transportation and Logistics
  • Public Safety and Law Enforcement
  • Commercial
  • Others

Explosive Trace Detection Market by Region [Shipment Analysis by Value from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Explosive Trace Detection Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, explosive trace detection companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the explosive trace detection companies profiled in this report include: 
  • Autoclear
  • Bruker
  • DetectaChem
  • Leidos Holdings
  • Nuctech
  • Smiths Detection
  • Teledyne FLIR

Explosive Trace Detection Market Insights

  • 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.
  • Military and defense 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.

Features of the Explosive Trace Detection Market

  • Market Size Estimates: Explosive trace detection market size estimation in terms of value ($B)
  • Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Explosive trace detection market size by various segments, such as by product, technology, application, and region
  • Regional Analysis: Explosive trace detection market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by product, technology, application, and regions for the explosive trace detection market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the explosive trace detection market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the explosive trace detection market size?
Answer: The global explosive trace detection market is expected to reach an estimated $2.05 billion by 2028.
Q2. What is the growth forecast for explosive trace detection market?
Answer: The global explosive trace detection market is expected to grow with a CAGR of 9.5% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the explosive trace detection market?
Answer: 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.
Q4. What are the major segments for explosive trace detection market?
Answer: 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.
Q5. Who are the key explosive trace detection companies?
Answer: Some of the key explosive trace detection companies are as follows:
  • Autoclear
  • Bruker
  • DetectaChem
  • Leidos Holdings
  • Nuctech
  • Smiths Detection
  • Teledyne FLIR
Q6. Which explosive trace detection segment will be the largest in future?
Answer: 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.
Q7. In explosive trace detection market, which region is expected to be the largest in next 5 years?
Answer: 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.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 

This report answers following 11 key questions

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?
 
Table of Contents
 
1. Executive Summary

2. Global Explosive Trace Detection Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges 

3. Market Trends and Forecast Analysis from 2017 to 2028
3.1. Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2. Global Explosive Trace Detection Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Explosive Trace Detection Market by Product
3.3.1: Handheld
3.3.2: Vehicle Mounted
3.3.3: Others 
3.4: Global Explosive Trace Detection Market by Technology 
3.4.1: Colorimetrics
3.4.2: Ion Mobility Spectrometry
3.4.3: Thermo-Redox
3.4.4: Chemiluminescence
3.4.5: Amplifying Fluorescent Polymer
3.4.6: Others 
3.5: Global Explosive Trace Detection Market by Application
3.5.1: Military and Defense
3.5.2: Transportation and Logistics
3.5.3: Public Safety and Law Enforcement
3.5.4: Commercial
3.5.5: Others

4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global Explosive Trace Detection Market by Region
4.2: North American Explosive Trace Detection Market 
4.2.1: North American Explosive Trace Detection Market by Product: Handheld, Vehicle Mounted, and Others
4.2.2: North American Explosive Trace Detection Market by Application: Military and Defense, Transportation and Logistics, Public Safety and Law Enforcement, Commercial, and Others
4.3: European Explosive Trace Detection Market 
4.3.1: European Explosive Trace Detection Market by Product: Handheld, Vehicle Mounted, and Others
4.3.2: European Explosive Trace Detection Market by Application: Military and Defense, Transportation and Logistics, Public Safety and Law Enforcement, Commercial, and Others
4.4: APAC Explosive Trace Detection Market 
4.4.1: APAC Explosive Trace Detection Market by Product: Handheld, Vehicle Mounted, and Others
4.4.2: APAC Explosive Trace Detection Market by Application: Military and Defense, Transportation and Logistics, Public Safety and Law Enforcement, Commercial, and Others
4.5: ROW Explosive Trace Detection Market 
4.5.1: ROW Explosive Trace Detection Market by Product: Handheld, Vehicle Mounted, and Others
4.5.2: ROW Explosive Trace Detection Market by Application: Military and Defense, Transportation and Logistics, Public Safety and Law Enforcement, Commercial, and Others 

5. Competitor Analysis 
5.1: Product Portfolio Analysis 
5.2: Operational Integration 
5.3: Porter’s Five Forces Analysis 

6. Growth Opportunities and Strategic Analysis 
6.1: Growth Opportunity Analysis 
6.1.1: Growth Opportunities for the Global Explosive Trace Detection Market by Product
6.1.2: Growth Opportunities for the Global Explosive Trace Detection Market by Technology
6.1.3: Growth Opportunities for the Global Explosive Trace Detection Market by Application
6.1.4: Growth Opportunities for the Global Explosive Trace Detection Market by Region
6.2: Emerging Trends in the Global Explosive Trace Detection Market 
6.3: Strategic Analysis 
6.3.1: New Product Development 
6.3.2: Capacity Expansion of the Global Explosive Trace Detection Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Explosive Trace Detection Market 
6.3.4: Certification and Licensing 

7. Company Profiles of Leading Players 
7.1: Autoclear
7.2: Bruker
7.3: DetectaChem
7.4: Leidos Holdings
7.5: Nuctech
7.6: Smiths Detection
7.7: Teledyne FLIR 
 
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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