The market for Explosive Detector is forecast to reach $11.2 billion by 2026, growing at a CAGR of 8.3% from 2021 to 2026. The Explosive Detector Market is estimated to witness a sustainable growth over the forecast period majorly because of the different detecting features it offers in different industries. Explosive detectors are primarily used in military & defense sector typically through ground penetration radar and vehicle mounted devices. Explosive detectors are non-destructive inspection devices that are used to detect explosives and other flammable materials. Explosive detectors help users in detection of various explosive materials in solid, liquid as well as gaseous state. Explosive detectors are widely used in Aviation and Docks industry as well for security inspections. According to World Bank Reports, global expenditure on military was around $1.86 trillion in 2019 and has been increasing exponentially. This rise in investments done in military equipment has brought a major uplift in the manufacturing of Explosive detectors which tend to enhance its market growth in the forecast period.
Explosive Detector Market Segment Analysis - By Type
Portable explosive detector has dominated the Explosive Detector Market with a share of 65.2% in 2020 as compared to Fixed explosive detector. In general, portable explosive detectors are handheld or vehicle mounted detectors having automated calorimetric real time sensor technology. These are helpful for inspection of both trace as well as bulk type detection. With the recent upgrades in Portable explosive detectors, it makes it is easy for the user to digitally inspect even for non-visible traces. It has intelligent self-monitoring feature and are typically water resistant. Portable explosive detectors generally consist of digital LCD/LED screen with LED Indicator lights and provide long battery life with internal rechargeable Li-Ion battery. Portable explosive detectors are used in detection of explosives with Nitroaromatics, Nitrate Esters, Nitramines, Inorganic Nitrates, Chlorates, Peroxides and Other contents. These are mainly used for applications in Airports, Docks, Law enforcement, Bomb squads and other private security.
Explosive Detector Market Segment Analysis - By End Use Industry
Explosive Detectors are widely used for different Military & Defense operations and account for 24.6% of the share in 2020. Explosive Detectors plays a vital role in the line of Defense and Security of countries as well as countrymen. With the ongoing Government investments in Military & Defense sector of leading economies such as US, Canada, India and China, the technology advancements in Military equipment has been exponentially high. Research and Development has been a major concern for Military & Defense sector. This has brought a major uplift in the demand of Explosive Detectors which tend to enhance its market growth. According to World Bank Reports, percent of general expenditure done by government on Military & Defense sector was 6.38% in 2019 as is expected to show growth in forecast period.
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Explosive Detector Market Segment Analysis - By Geography
Asia-Pacific accounts for being the highest market share at 32.6%. The market growth in this region is predominantly high due to ongoing territorial disputes between neighboring countries such as India and China. According to World Bank Reports, Indian government invested $71.25 billion and China with a huge investment of $261.08 billion in 2019. Due to presence of maximum countries Asia-Pacific region, the security at territorial areas plays an important role. This tends to uplift the demand of Explosive Detectors, especially vehicle mounted systems in this region. Moreover, with the increasing investment in Defense Manufacturing Industry of leading economies such as India, China and Others, the technology advancement has shown a major growth. According to India Brand Equity Foundation (IBEF) Reports, India’s Defense Manufacturing sector witnessed a CAGR of 3.9% between 2016 and 2020. The Indian government has set the defense production target at US$ 25.00 billion by 2025 (including US$ 5 billion from exports by 2025). These investments tend to propel the market growth of Explosive Detectors in forecast period.
Explosive Detector Market Drivers
Rise in investments done in Military & Defense sector drives market growth
With the increasing investments in Military and Defense sector especially in leading economies such as US, China and India, the manufacturing of military equipment has been very high which promotes ongoing technology developments. Developments in Military & Defense sector has been a prime focus of majority of leading economies. According to World Bank Reports, the overall Military Expenditure has been highest in US of about $731.75 billion, followed by China with $261.08 billion and India with $71.12 billion in 2019 and is expected to rise in forecast period due to ongoing territorial disputes between India and China. This increasing investment tends to drive the market growth of Explosive Detectors in global market.
Rise in demand of Explosive Detectors in Aviation industry
The demand of Explosive Detectors has been always high in Military & Defense sector, but nowadays, with the increasing terrorist attacks in many parts of the world, the economies are trying to increase their security at airports as it is the major hub of worldwide connectivity. According to International Air Transport Association (IATA), it is necessary to have regular inspections of explosives and other flammable substances at airports to increase the safety of passengers as well as countries. IATA introduced the inspection of Improvised Explosive Devices (IEDs) into a security restricted area of an airport and onto an aircraft, by a person (passenger, crew staff) including the baggage (cabin baggage, hold baggage and other personal or professional baggage) which is considered as high risk in the ICAO Aviation Security Global Risk Context statement. IATA proposed urgent deployment of effective and sustainable explosive detection screening capabilities for all screening processes especially for these IEDs. These security guidelines increased the installation and application of Explosive Detectors in Aviation industry which tend to drive its market growth.
Explosive Detector Market Challenges
Inability to trace IEDs
One of the major challenges faced by Explosive Detector Market globally is the inability to trace Improvised Explosive Devices (IEDs). IEDs are basically a homemade bomb, constructed from military or non-military components, that is frequently employed by terrorists and people of wrong means to imbalance the society. It acts as an effective weapon against a conventional military force. When used as roadside bombs, IEDs can interdict lines of communication, disrupt traffic and damage or destroy targeted vehicles. Large-vehicle borne IEDs are one of the most dangerous IEDs. IEDs can be made of many different kinds of objects and materials, including artillery or mortar rounds, aerial bombs, certain types of fertilizers, TNT and other explosives. IEDs can also contain radiological, chemical or biological components to increase their lethal and psychological effects. These makes it difficult for the Explosive Detectors to determine the explosive content which brings a major challenge in the market growth of Explosive Detectors in global level. However, with ongoing developments, explosive detectors will be capable of tracing IEDs in future.
Explosive Detector Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Explosive Detector Market. The Explosive Detector Market is dominated by major companies such as Westminster International Ltd., Analogic Corporation, Chemring group PLC, FLIR Systems, Inc., NOVO DR Ltd., L-3 Technologies Inc., Cobham PLC, Nuctech Company Ltd., OSI Systems Inc. and Smiths Detection.
Acquisitions/Technology Launches/Partnerships
On November 05, 2019 FLIR Systems launched their new Fido X4 Premium Handheld Explosives Trace Detector, the newest, most advanced version of its premium handheld explosives trace detector. The Fido X4 delivers unmatched sensitivity for a broad range of explosives, so users can easily detect threats at levels other devices cannot.
On August 08, 2019 Smiths Detection launched their new integrated X-ray system with auto-detecting explosives and weapons software at Harbour Front Station during Emergency Preparedness Exercise. This solution brings together advanced X-ray inspection capabilities, an automated clearance mode and remote screening to detect key threats such as concealed explosives or weapons. This unique automated clearance aims to clear the majority of bags that contain no obvious threats without human intervention.
Key Takeaways
The Explosive Detector Market is estimated to witness a sustainable growth over the forecast period because of the growing need of security and safety of public from war, terrorist activates and anti-social activities.
The other factor responsible for the growth of Explosive Detector Market is because of the different detecting features it offers in different industries. It helps in inspection of explosives in solid, liquid as well as gaseous state.
In addition, increasing safety concerns over countries territorial regions and war prone areas has brought rapid installation of explosive detectors in vehicle mounted systems and ground penetration radars these regions. This tends to propel the Explosive Detector market growth.
Moreover, quick response and user-friendly applications with recent technology upgrades are some other benefits which are enhancing market growth.
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