Explosive Trace Detection Market

Explosive Trace Detection Market

Growth Factors of Explosive Trace Detection Market

The global explosive trace detection market size was valued at USD 1.37 billion in 2023 and is projected to grow from USD 1.49 billion in 2024 to USD 3.01 billion by 2032, exhibiting a CAGR of 8.1% during the forecast period of 2024-2032.

The COVID-19 pandemic first slowed the Explosive Trace Detection (ETD) marketplace due to decreased tour and public events. Still, it later expanded demand as security features have been heightened in airports and public spaces at some stage in recovery, impeding explosive trace detection market growth.

Key riding elements for the Explosive Trace Detection (ETD) market encompass increasing protection issues due to growing global terrorism, stricter guidelines for public protection, and a growing call for advanced detection technology in airports, border controls, and defence sectors. Additionally, adopting ETD devices in industrial and transportation hubs boosts marketplace increases.

The ETD market is witnessing a surge in advanced detection technologies. Ion Mobility Spectrometry (IMS) is gaining prominence for its super capability to come across an extensive range of explosives with super sensitivity and velocity, expanding the global explosive trace detection market share. Additionally, Raman Spectroscopy gives a real-time solution for identifying explosives without needing pattern education, ensuring fast and green detection. These contemporary technologies are revolutionising the sector of explosive trace detection, improving safety features and safeguarding public protection.

Comprehensive Analysis of Explosive Trace Detection Market

The Explosive Trace Detection (ETD) market is segmented by product, technology, and stop-use. The rising call for compact gadgets in programs like border protection and essential infrastructure dominates the handheld ETD segment. The portable/movable segment is anticipated to grow hastily, driven by commercial and protection demand. In terms of technology, ion mobility spectrometry has led the marketplace, with increasing industrial zone calls for chemiluminescence, which is projected to see a good-sized boom. By end-use, the protection sector held the most crucial marketplace proportion, and at the same time, the industrial region, especially in aviation, is anticipated to have the highest increase rate.

The North America region led the explosive trace detection market by benefitting a size of USD 430 million in 2023 due to expanded defence spending and the developing acquisition of next-technology ETD devices using law enforcement agencies; the market is experiencing a significant increase.

The leading players in the Explosive Trace Detection (ETD) market significantly shape its growth trajectory and set industry benchmarks. Key players, including Analogic Corporation (U.S.), Autoclear, LLC (U.S.), Bruker (U.S.), DetectaChem (U.S.), FLIR Systems, Inc. (U.S.), Leidos (U.S.), Morphix Technologies (U.S.), NUCTECH COMPANY LIMITED (China), OSI Systems, Inc. (U.S.), RS DYNAMICS (Switzerland), and Smiths Detection Group Ltd. (U.K.), contribute to a competitive landscape, driving innovation and advancing the market.

In March 2024, 908 Devices Inc., a leader in handheld and desktop devices designed for chemical and biochemical evaluation, introduced the global expansion of the MX908 for detecting and identifying hint quantities of priority tablets and chemical threats. New contracts with DrugDetect EU and the NATO Support and Procurement Agency (NSPA) will facilitate the deployment of the MX908, a portable excessive-strain mass spectrometry tool, across numerous environments, which include navy operations and correctional facilities.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 8.1% from 2024 to 2032

Unit Value (USD Billion)

Segmentation

By Product

- Handheld

- Portable/ Movable

- Fixed Point/ Standalone

By Technology

- Colorimetrics

- Ion Mobility Spectrometry

- Thermo Redox

- Chemiluminescence

- Amplifying Fluorescent Polymer

By End Use

- Commercial

- Defense

- Public Safety and Law Enforcement

- Others

By Geography

- North America (By Product, Technology, End Use, and Country)

• The U.S. (By Product)
• Canada (By Product)
• Mexico (By Product)

- Europe (By Product, Technology, End Use, and Country)

• The U.K. (By Product)
• Germany (By Product)
• France (By Product)
• Russia (By Product)
• Rest of Europe (By Product)

- Asia Pacific (By Product, Technology, End Use, and Country)

• China (By Product)
• India (By Product)
• Japan (By Product)
• Australia (By Product)
• South Korea (By Product)
• Rest of Asia-Pacific (By Product)

- The Middle East & Africa (By Product, Technology, End Use, and Country)

• The UAE (By Product)
• Saudi Arabia (By Product)
• South Africa (By Product)
• Rest of the Middle East & Africa (By Product)

- South America (By Product, Technology, End Use, and Country)

• Brazil (By Product)
• Argentina (By Product)
• Rest of South America (By Product)


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