The latest market report published by Credence Research, Inc. “Trace Chemical Detector Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the global market is worth US$ 1.93 Bn in 2018 and expected to grow at a CAGR of 6.1% during the forecast period from 2019 to 2027.

Browse the full report at https://www.credenceresearch.com/report/trace-chemical-detector-market

Market Insights

"High security concern in public places driving the market demand"

The growing number of airports and increasing passenger numbers day-by-day in almost all regions of the world. With rising growth in the aviation sector, there is a high chance of drug-trafficking and threats from terrorist organizations. Growing concern about passenger safety and to stop illicit drug-trafficking, there is a high demand for trace chemical detectors. Further, with the increasing emphasis on anti-terrorism activities, many countries are deploying chemical and explosives detection systems across all its public places like airports, city transport lines, nationally important government facilities, and research centers.

Furthermore, miniaturization of a trace chemical detector is driving the market demand. Portable and handheld devices launched by major market players have great potential to increase their market demand. It can be incorporated into a mobile or stationary detection platform that can be further used as a point-source detector or as a remote (stand-off) detector. Both can be differentiated with its size, weight, portability, and logistical support requirements. These devices come at lower prices but, its growth is halted by its limitation in operation. On the contrary, new technological development having an ultrasensitive and broad range expected to grow the market during the forecast period. Overall, the global trace chemical detector market was valued at US$ 1.93 Bn in 2018 and expected to grow at around 6.1% CAGR from 2019 to 2027.

Browse the full report at https://www.credenceresearch.com/report/trace-chemical-detector-market

Trace Chemical Detector Market

The overall trace chemical detector market is slightly fragmented in nature and it is growing at moderate rate. However, technological advancement and launch of portable detectors is increasing its use in recent years.

Industrial Developments

• In November 2019, FLIR® Systems, Inc. launched FLIR Fido® X4, a handheld explosives trace detector. It has higher sensitivity and can detect broad range of explosives at nanogram to sub-nanogram levels in much less time of 10 seconds only.

• In November 2019, IDenta Corp. announced the launch of its new product – TANKER, an explosives detector and indentification.

• In October 2019, ACS Sensors has published in its article that black silicon based ultrasensitive detector can detect trace amount of explosives and highly toxic pollutants that found in medical and forensic labs.

Key Market Movements:

• Globally, the trace chemical detector market is growing at a CAGR of 6.1% for the period from 2019 to 2027.
• Based on product type, the trace chemical detector market is segmented into benchtop and portable TCD. Ease of handling and less expensiveness of portable TCD has high demand in the market.
• Based on end-use, security & defense segment captured the major share of the market in 2018 and is expected to retain its growth rate during the forecast period.

List of Companies Covered:

• ABB
• Siemens
• FLIR® Systems, Inc.
• Smiths Detection Group Ltd.
• RIGAKU CORPORATION
• TeknoScan Systems
• AMETEK Inc.
• Rapiscan Systems
• Bruker
• Nuctech Company Limited
• and Others

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/60165

Market Segmentation

By Product Type Segment

Benchtop TCD
Portable TCD
By Detection Type Segment

Explosives & Narcotics
Hydrocarbons
Composites
Metals & Alloys
Polymers
By End-use Segment

Security & Defense
Oil & Gas
Healthcare
Chemical & Pharmaceutical
By Geography Segment Type

North America (the U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (the Middle East & Africa, Latin America)
Key questions answered in this report

What was the market size of trace chemical detector market in 2018 and forecast up to 2027?
What are the key factors driving the global trace chemical detector market?
What are the key market trends and high-growth opportunities observed in the trace chemical detector market?
Which is the largest regional market for trace chemical detector market?
Which segment will grow at a faster pace? Why?
Which region will drive the market growth? Why?
Which players are leading the trace chemical detector market?
What are the key strategies adopted by the leading players operating in the market?
Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/60165

Our Blog: https://tcnindustry.com/2020/02/05/trace-chemical-detector-market-global-industry-size-share-growth-trends-analysis-and-forecast-2019-to-2027/

Medium Blog: https://medium.com/@kumarganesh028/trace-chemical-detector-market-global-industry-size-share-growth-trends-analysis-and-forecast-7dc6b7c99fb4