According to a new market report by Lucintel, the future of the explosive detector market looks promising with opportunities in the aviation, military and defense, public places, commercial, and cargo& transportation industries. The explosive detector market is expected to grow with a CAGR of 11% from 2019 to 2024. The major drivers for this market are rise in terrorist activities across the globe, government legislations for enhanced security screening, and increasing demand for safety and security in the aviation industry.
In this market, trace and bulk detection explosive detector technologies are used to ensure safety and security in various end use industries. Lucintel forecasts that trace detectors will remain the largest segment over the forecast period.
Within this market, vehicle-mounted, handheld, robotics, and biosensors are the major explosive detectors. These detectors are used in aviation, military and defense, public places, commercial, and cargo and transport industries. Lucintel forecasts that aviation will remain the largest end use market over the forecast period.
North America will remain the largest region over the forecast period due to increasing terrorist activities and government spending in the military and defense industry.

Safran, Smiths Group, L-3 Communications, OSI Systems, Nuctech, Implant Sciences Corporation, Flir Systems, Chemring Group, American Science & Engineering, Analogic Corporation, and Leidos Holdings, Inc. are among the major manufacturers of explosive detectors.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the explosive detectors market by technology, product type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled "Growth Opportunity in the Explosive Detector Market 2019-2024: Trends, Forecast, and Opportunity Analysis." This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the explosive detector market by technology, product type, end use industry, and region as follows:

By Technology [$M shipment analysis for 2019 – 2024]:

• Trace Detector
• Bulk Detector

By Product Type [$M shipment analysis for 2019 – 2024]:

• Vehicle Mounted
• Handheld
• Robotics
• Biosensor
• Others

By End Use Industry [$M shipment analysis for 2019 – 2024]:

• Commercial
• Cargo and transport
• Aviation
• Military and defense
• Others


By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the explosive detector market by technology (trace detector and bulk detector), product type (vehicle mounded, handheld, robotics, biosensor, and others), end use industry (commercial, cargo and transport, aviation, military and defense, 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?