Explosive Detection Equipment Market to Grow by USD 2.68 Billion (2024-2028), with AI Revolutionizing the Landscape and Rising Passenger Traffic Driving Demand - Technavio

NEW YORK, Oct. 15, 2024 /PRNewswire/ -- Report with market evolution powered by AI- The global explosive detection equipment market size is estimated to grow by USD 2.68 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 7.08%  during the forecast period. Increase in passenger traffic is driving market growth, with a trend towards emergence of laser spectroscopy detection technology. However, confidence breach due to the sale of counterfeit products  poses a challenge. Key market players include Agilent Technologies Inc., Analogic Corp., Autoclear LLC, BAE Systems Plc, Chemring Group Plc, DetectaChem Inc., iSENTECH, Kromek Group Plc, L3Harris Technologies Inc., LASER DETECT SYSTEM LLC, Leidos Holdings Inc., Morphix Technologies, Novatest Srl, OSI Systems Inc., Security Electronic Equipment Co. Ltd., Smiths Detection Group Ltd., Suzhou Aoteng Electron Technology Co. Ltd., Teledyne FLIR LLC, and Westminster Group Plc.

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Market Driver

Laser Detect Systems (LDS) of Israel has introduced a revolutionary explosive detection technology using laser spectroscopy. This portable solution can detect various materials, including explosives, narcotics, chemicals, biological substances, and minerals, through standoff or trace methods, eliminating the need for sampling. The technology integrates multiple spectral analysis and data fusion tools with real-time data collected via a laser beam. It can identify individually manufactured materials, leading to their production source, enhancing source tracking. Background noise, such as black pepper saturation, is eliminated, increasing reliability. This technology's versatility and effectiveness will significantly contribute to the growth of the global explosive detection equipment market during the forecast period. 

The Explosive Detection Equipment (EDE) market is experiencing significant growth due to increasing threats from terrorists and other anti-social elements. Fixed systems and robotics are trending in this market for their ability to detect bulk explosives in public places. Safety is a top priority, and EDEs are essential for detecting nitroaromatics, nitrate esters, nitramines, inorganic nitrates, chlorates, and peroxides in military equipment, IEDs, homemade bombs, and conventional military force. LCD/LED screens and LED indicator lights provide real-time results, while Li-Ion batteries ensure uninterrupted operation. EDEs are used to detect explosives in war zones, territorial disputes, and defense and security applications. OSI Systems' Spaser technology and graphene sensors are innovative solutions for detecting TNT, radiological components, chemical components, and biological components in ports, airports, and border control points. 

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Market Challenges

• The explosive detection equipment market has faced scrutiny due to the sale of counterfeit devices to defense agencies in the Middle East and APAC. These faulty detectors, such as the ADE 651 handheld device produced by ATSC in the UK, have led to tragic consequences, including the loss of innocent lives and significant property damage. The reliability of handheld explosive detection devices has been questioned, leading governments to hesitate in purchasing from foreign vendors. This reluctance has negatively impacted the global supply chain and reduced the number of market contracts, thereby limiting growth opportunities for the explosive detection equipment market during the forecast period.
• The Explosive Detection Equipment (EDE) market faces significant challenges due to the increasing use of chlorates and peroxides in Improvised Explosive Devices (IEDs) by terrorists and militant groups. Military equipment is also a concern, as territorial disputes can lead to the deployment of conventional military force, increasing the risk of encountering explosives. IEDs come in various forms, including roadside bombs, large-vehicle borne IEDs, aerial bombs, and homemade bombs made from fertilizers, TNT, and radiological, chemical, or biological components. EDEs are essential for securing ports, airports, border control points, and public spaces. New technologies like Spaser, graphene, and portable X-rays are being developed to improve EDE capabilities. OSI Systems, laser spectroscopy, thermal neutron activation, artificial intelligence, ground penetration radar, vehicle-mounted devices, and flammable materials detection are key areas of focus. Defense spending and transportation, including aviation, remain significant markets for EDEs.

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Segment Overview 

This explosive detection equipment market report extensively covers market segmentation by  

1. Type 
• 1.1 Hand-held detectors
• 1.2 Ground-mounted screeners
• 1.3 Vehicle-mounted mobile detectors
2. Geography 
• 2.1 North America
• 2.2 APAC
• 2.3 Europe
• 2.4 Middle East and Africa
• 2.5 South America

1.1 Hand-held detectors-  The Explosive Detection Equipment (EDE) market is experiencing significant growth due to heightened security concerns worldwide. Governments and businesses invest heavily in EDE to ensure safety. Advanced technologies like X-ray systems, metal detectors, and trace detection equipment are driving market expansion. Manufacturers focus on innovation to improve accuracy and efficiency. The market is expected to continue growing, driven by increasing demand for reliable and effective EDE solutions.

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Research Analysis

The Explosive Detection Equipment (EDE) market encompasses a range of technologies designed to detect and identify explosive materials in various sectors. Portable X-ray devices, thermal neutron activation analyzers, and laser spectroscopy are among the advanced technologies used for explosive detection. The growing threat of terrorism has led to a significant increase in demand for EDE in transportation and aviation sectors. Military applications are also a major market for EDE, particularly for vehicle-mounted devices and robotics. EDE is used to detect flammable materials in public spaces, including LCD/LED screen monitors and bulk detection systems. Other technologies include handheld detectors, Spaser, and graphene-based sensors. EDE is essential in securing ports, airports, border control points, and other critical infrastructure from potential threats.

Market Research Overview

The Explosive Detection Equipment (EDE) market encompasses a range of technologies designed to identify and neutralize explosive threats in various sectors. Portable X-ray machines, laser spectroscopy, thermal neutron activation, and ground penetration radar are among the key technologies used for explosive detection. The market is driven by the heightened threat of terrorism, with a focus on transportation and aviation security. Military applications and law enforcement agencies also utilize EDE for defense spending and safety in public spaces. Laser spectroscopy and thermal neutron activation are non-destructive testing methods used for detecting explosives. Robotics and vehicle-mounted devices are used for bomb disposal and bulk detection in public places. Flammable materials, nitroaromatics, nitrate esters, nitramines, chlorates, and peroxides are common explosive components. EDE also includes Li-Ion batteries, LCD/LED screens, and LED indicator lights for user-friendly operation. EDE is essential for detecting IEDs, homemade bombs, and other explosive threats in public places, military equipment, and defense and security applications. War and terrorist activities, as well as anti-social activities, are major drivers of the market. EDE technologies are also used for detecting radiological and chemical components in explosives. Ongoing research in artificial intelligence, Spaser, and graphene is expected to advance the capabilities of EDE in the future. Ports, airports, and border control points are critical infrastructure that require advanced EDE systems for security. The market for EDE is expected to grow significantly due to the increasing demand for safety and security in public places and transportation. The use of EDE in defense and security applications, including military equipment and territorial disputes, is also expected to drive market growth.

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation

• Type
• Hand-held Detectors
• Ground-mounted Screeners
• Vehicle-mounted Mobile Detectors
• Geography
• North America
• APAC
• Europe
• Middle East And Africa
• South America

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Company Landscape

11 Company Analysis

12 Appendix

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SOURCE Technavio