Explosive Detector Market– Smart Strategies of the Research and Development Process

The rise in occurrences of organized crimes and the presence of antisocial networks, growth in aviation security need and government regulation on public safety, and massive government investments for improving the state safety are the key drivers for the growth of the global explosive detector market. Moreover, the increase in demand for national security, the safety of institutions having high national importance, and public safety are expected to provide lucrative opportunities to market players.

Explosive detector increases the resilience of a nation against threats such as terrorism, smuggling, and others. Growing demand for advanced explosive detectors and efficient defense systems, stringent government regulations aimed at reducing the arms transfer and aiming to maintain peace drive the global explosive detector market Moreover, innovation in explosive trace detectors by using advanced sample collection technology creates a significant opportunity in the global market.

The aviation sector is projected to maintain its lead in the end-user segment. The emerging economies (of Asia-Pacific and European countries) also expand their military and defense budget to counter the rise in activities of terrorists and make their international boundaries more secure.

The major players such as Westminster International Ltd., Analogic Corporation, Chemring group PLC, Flir Systems, Inc., NOVO DR Ltd., L-3 Technologies, Inc., Cobham PLC, Nuctech Company Ltd., OSI Systems, Inc., and Smiths Detection adopt new technology launch as their key strategy to expand their market foothold.

Bulk detector is the leading segment in the global market, and is expected to maintain this trend throughout the forecast period. However, trace detector segment is expected to witness significant growth in the future, owing to advancement in explosive trace detector products by using advanced sample collection technology.