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Frost Radar™: Explosive Trace Detectors, 2024

Publisher Frost & Sullivan
Published Jan 12, 2024
SKU # MC18451667

Description

Frost Radar™: Explosive Trace Detectors, 2024



Explosive trace detector devices and systems detect and identify trace amounts of explosives, illicit substances, and narcotics in airports and transportation, critical infrastructure, and government facilities.

Revenue reached $6 billion globally in 2022 and is expected to grow significantly because of increasing security concerns, regulatory requirements, terrorist activities, defense expenditure, and demand for enhanced safety measures in critical national infrastructure.

Airports are the main customers because of stringent aviation security measures, stricter regulatory frameworks, and an ever- expanding global network. Prisons and border crossings follow.

The market is fragmented, with multiple multinational and local players offering a variety of products. Desktop-based detectors are expected to be the fastest-growing product type because of their portability and ease of use.

The future of the market will be shaped by emerging technologies such as next-generation mass spectrometry and artificial intelligence that will enhance detection accuracy while reducing operational expenses.

This Frost Radar™ benchmarks equipment providers and serves as a foundation for further in-depth analysis and decision- making for industry stakeholders, investors, and policymakers.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their vision, current capabilities and growth pipeline, go-to-market strategies, performance over the last three years, approach to innovation, understanding of Mega Trends, product portfolio, and alignment with customer requirements are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.

Table of Contents

  • Frost RadarTM Summary
    • Research Summary
    • Strategic Imperative
    • Growth Environment
    • Competitive Environment
    • Autoclear
    • Bruker Corporation
    • GreyScan Australia Pty Ltd
    • Leidos
    • NUCTECH
    • Rapiscan Systems
    • Smiths Detection
    • Teledyne FLIR
    • Thermo Fisher Scientific
    • Vehant Technologies
    • Westminister Group
  • Strategic Insights
  • Legal Disclaimer

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