From GlobeNewswire: 2024-05-14 16:00:00

The Global Explosive Trace Detection Market is expected to grow from USD 6.5 Billion in 2023 to USD 12.1 Billion by 2033 with a CAGR of 6.41%. The primary drivers are the increasing threat of terrorism and the need for stringent security measures in various sectors, including public safety and transportation.

ETD technology is being widely adopted by airports, government agencies, and private entities to enhance security screening processes and mitigate the risk of terrorist attacks. The market value chain analysis involves sourcing components, manufacturing ETD systems, advancing technology, distribution, installation, and training programs to ensure optimal performance.

The handheld segment accounted for the largest market share, offering portability for security personnel to conduct on-the-spot inspections at various locations. Ion mobility spectrometry technology dominates the market, providing outstanding sensitivity and selectivity for detecting trace levels of explosive compounds. North America is anticipated to dominate the market, while Asia Pacific witnesses the fastest market growth due to increasing urbanization and infrastructural expansion.

Major players in the Global Explosive Trace Detection Market include Smiths Detection Group Ltd., L3Harris Technologies Inc., and OSI Systems Inc. Recent market developments include a USD 20 million agreement between the TSA and Smiths Detection Group Ltd. for supply of Explosive Detection Systems. Market segmentation includes analysis by product, technology, end use, and region.



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