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

Barchart · 10/15 18:54

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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