Bomb Detection System Market Size, Share, Growth, And Industry Analysis by Type (Solid, Liquid, and Gas) By Application (Airport, Harbor, Frontier, and Others), Regional Forecast To 2033

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BOMB DETECTION SYSTEM MARKET REPORT OVERVIEW

The global bomb detection system market is poised for significant growth, starting at approximately USD 8.83 billion in 2024, rising to USD 9.4 billion in 2025, and projected to reach USD 15.43 billion by 2033, with a CAGR of 6.4% from 2025 to 2033.
  

Because of the various detecting features it provides in various industries, the explosive detector market is anticipated to rise steadily over the forecast period. Military and defense applications for explosive detectors often involve ground penetrating radar and vehicle mounted equipment. Non-destructive inspection tools called explosive detectors are used to look for explosives and other flammable items. Users can utilize explosive detectors to find different explosive materials in their solid, liquid, and gaseous states.

COVID-19 IMPACT

Lack of Demand from End-Use Industries Impacted the Exhaust Market Growth

On the market for industrial exhaust blowers, the COVID-19 epidemic had a considerable effect. The need for the exhausts decreased as a result of the pandemic's impact on the world economy. Construction and manufacturing, two sectors that use blowers extensively, were negatively hampered by the lockdowns and limitations on the flow of people and materials. Ultimately, the COVID-19 pandemic had a bad effect on the industrial industry, but it is anticipated that the market would rebound once the pandemic comes under control.

LATEST TRENDS

Government Regulations to Flourish Market Advancements

The demand for bomb detection systems is rising due to government regulations requiring more thorough security checks and an increase in criminal activity worldwide, particularly at crucial locations like airports and train stations. Over the projected period, it is anticipated that expenditures in mass transit infrastructure and an increase in airports would be a major driver of product demand.

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BOMB DETECTION SYSTEM MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into Centrifugal Blower, Axial Blower and Others

By Application Analysis

Based on application, the market can be divided into Commercial Buildings, Industrial Factories and Others

DRIVING FACTORS

Terrorism Threat to Foster Market Growth

The rise in passenger traffic is one of the main reasons boosting the bomb detection system market growth globally. Threats from terrorism have increased the level of security set up at different checkpoints, leading to the installation of cutting-edge equipment to undertake quick scanning of people and luggage.

Technological Advancements to Flourish Market Expansion

One of the major market trends for explosive detection equipment that is anticipated to have a favorable effect on the sector over the forecast period is the development of laser spectroscopy detection technology. Israel-based Laser Detect Systems (LDS) created a laser spectroscopy detection technique that can detect materials from a distance and in detail, doing away with the necessity for sampling.

RESTRAINING FACTORS

Fake Products to Impede Market Expansion

The loss of trust brought on by the selling of fake goods is one of the major obstacles to the expansion of the global market for explosive detection equipment. The market for explosive detection equipment is growing mostly due to a rise in passenger traffic, but other factors, such as trust issues brought on by the sale of fake goods, may restrain this growth.

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BOMB DETECTION SYSTEM MARKET REGIONAL INSIGHTS

R&D Activities to Flourish Market in North America

Due to the region's increased R&D of cutting-edge bomb detection technologies, which is likely to drive the market there throughout the forecast period, North America is predicted to hold a significant bomb detection system market share.

As a result of mounting pressure brought on by the departure of defense personnel from Afghanistan and Iraq, military and police forces have been strengthened by the provision of cutting-edge explosive detecting technology. Additionally, improvised explosive devices (IED) and the employment of covert explosives pose a persistent threat to land-based military personnel. As a result, several government laboratories are using sensitive, trustworthy technologies for explosive detection.

KEY INDUSTRY PLAYERS

Key Players Are Focusing on M&A as well as Investing in R&D to Increase their Market Share

Main competitors in the sector are implementing a number of measures to enhance their market share. To launch novel and cutting-edge products on the market, the market's leaders are spending money on research and development. Additionally, they are expanding their product line through mergers and acquisitions.

List of Top Bomb Detection System Companies

• Rotax Electronics (India)
• Detecta Chem (U.S.)
• Westminster (U.K.)
• Photonic Science (U.S.)
• RS DYNAMICS (U.S.)
• Teledyne FLIR (U.S.)
• Smiths Detection (U.K.)
• Phoenix (Germany)
• High Tech Detection Systems (HTDS) (France)
• Leido (U.S.)
• Rapiscan Systems (U.S.)

REPORT COVERAGE

The CAGR expected to be in during the forecast period, and also the USD value in 2024 and what it is expected to be in 2033. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period.