Contraband Detectors Market Latest Trend, Business Opportunities, And Industry Forecast 2020 To 2027

Market Research Future published a research report on “Contraband Detectors Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

The Contraband Detectors Market Demand is witnessing a steady rise. Contraband detectors complement other measures to improve security and control criminal activities inside and outside of the facilities. The market growth attributes to stringent government regulations to minimize rising criminal activities by detecting hidden items, such as currency, drugs, explosives, and weapons.

With the changing requirements of technical functional specifications for border monitoring equipment, the market is projected to witness increasing traction worldwide in the years to come. In this regard, Market Research Future (MRFR) states that the global Contraband Detectors Market Share is expected to garner revenues of USD 6.2 billion by 2027, registering a 5.83% CAGR during the forecast period (2020-2027).

Additional factors bolstering the contraband detectors industry include the widespread awareness about safety and the rising use of fire detection systems across end-use industries. However, the lack of awareness of the benefits of these systems is a major factor impeding the market growth. Nevertheless, rising government funding and incentives to motivate manufacturers would support the market growth throughout the assessment period.

Global Contraband Detectors Market – Segmentations

The contraband detectors market is segmented into screening types, technologies, deployments, applications, and regions. The screening type segment is sub-segmented into people, baggage cargoes, and vehicles. The technology segment is sub-segmented into X-ray, metal detection, spectrometry spectroscopy, and others.

The deployment segment is sub-segmented into fixed and portable. The application segment is sub-segmented into government, industrial, retail, hospitality, commercial, education, and others. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.

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Contraband Detectors Market –Geographical Analysis

North America dominates the global contraband detectors market. The largest market share is attributed to the larger deployments of contraband detectors at airports, ports, and large public arenas. Besides, growing numbers of contraband detector manufacturers foster market growth in this region.

Government initiatives to install contraband detectors in residential, commercial, industrial, and public spaces boost the region’s market size. Moreover, the sustainable and well-established economy in the region allows market demand and deployments to grow further.

Major Players:

Key players leading the smoke detector market include Smiths Group (UK), OSI Systems (US), Leidos (US), Nuctech (China), Metrasens (UK), Adani Systems (India), Berkeley Varitronics Systems (US), CEIA (Italy), CSECO (US), and Godrej Security Solutions (India), among others.

Industry/Innovation/Related News:

Nov.02, 2020 --- Researchers at ETH Zurich announced the development of new lasers that fire terahertz beams, propelling medical imaging, and contraband detection. These new semiconductor lasers work with small, portable coolers to enable applications outside laboratories. The laser could enable new portable medical diagnostics and explosive detectors.

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