Home / Press Release / Terrorism & Drug-Trafficking Amplified Trace Chemical Detector Market At US$ 1.93 Bn In 2018

Terrorism & Drug-Trafficking Amplified Trace Chemical Detector Market At US$ 1.93 Bn In 2018

The latest market report published by Credence Research, Inc. “Trace Chemical Detector Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the global market is worth US$ 1.93 Bn in 2018 and expected to grow at a CAGR of 6.1% during the forecast period from 2019 to 2027.

Market Insights

"High security concern in public places driving the market demand"

The growing number of airports and increasing passenger numbers day-by-day in almost all regions of the world. With rising growth in the aviation sector, there is a high chance of drug-trafficking and threats from terrorist organizations. Growing concern about passenger safety and to stop illicit drug-trafficking, there is a high demand for trace chemical detectors. Further, with the increasing emphasis on anti-terrorism activities, many countries are deploying chemical and explosives detection systems across all its public places like airports, city transport lines, nationally important government facilities, and research centers.

Browse the full report at https://www.credenceresearch.com/report/trace-chemical-detector-market

Furthermore, miniaturization of a trace chemical detector is driving the market demand. Portable and handheld devices launched by major market players have great potential to increase their market demand. It can be incorporated into a mobile or stationary detection platform that can be further used as a point-source detector or as a remote (stand-off) detector. Both can be differentiated with its size, weight, portability, and logistical support requirements. These devices come at lower prices but, its growth is halted by its limitation in operation. On the contrary, new technological development having an ultrasensitive and broad range expected to grow the market during the forecast period. Overall, the global trace chemical detector market was valued at US$ 1.93 Bn in 2018 and expected to grow at around 6.1% CAGR from 2019 to 2027. 

Trace Chemical Detector Market

The overall trace chemical detector market is slightly fragmented in nature and it is growing at moderate rate. However, technological advancement and launch of portable detectors is increasing its use in recent years.

Industrial Developments

• In November 2019, FLIR® Systems, Inc. launched FLIR Fido® X4, a handheld explosives trace detector. It has higher sensitivity and can detect broad range of explosives at nanogram to sub-nanogram levels in much less time of 10 seconds only.

• In November 2019, IDenta Corp. announced the launch of its new product – TANKER, an explosives detector and indentification.

• In October 2019, ACS Sensors has published in its article that black silicon based ultrasensitive detector can detect trace amount of explosives and highly toxic pollutants that found in medical and forensic labs.

Key Market Movements:

• Globally, the trace chemical detector market is growing at a CAGR of 6.1% for the period from 2019 to 2027.
• Based on product type, the trace chemical detector market is segmented into benchtop and portable TCD. Ease of handling and less expensiveness of portable TCD has high demand in the market.
• Based on end-use, security & defense segment captured the major share of the market in 2018 and is expected to retain its growth rate during the forecast period.

List of Companies Covered:

• Siemens
• FLIR® Systems, Inc.
• Smiths Detection Group Ltd.
• TeknoScan Systems
• Rapiscan Systems
• Bruker
• Nuctech Company Limited
• and Others

The Global Trace Chemical Detector Market is Segmented into:

Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion

 Product Type Segment (2017–2027; US$ Bn)

 Detection Type Segment (2017-2027; US$ Bn)

 End-use Segment (2017-2027; US$ Bn)

 Geography Segment (2017–2027; US$ Bn)

*Complete segmentation list is on report page

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