The global trace chemical detector market is expected to reach US$ 5.29 Million by the year 2032 at a CAGR of 7.2% between 2022 and 2032.
Growing number of terrorist activities, various cross-border conflicts, and likewise are resulting in higher concerns regarding security all over. This could be attributed to incidences like in August 2020, Delhi police did arrest a terrorist carrying 30 Kg of explosives. Also, Jammu & Kashmir Police, in February 2021, did recover an improvised explosive device (IED) weighing 7 Kg adjoining bus stand based out of Jammu.
Growing procurement on the part of ETD systems from homeland security and law enforcement agencies is expected to accelerate the trace chemical detector market in the near future.
At the same time, the fact that certain economies have cut down on defense expenditure can’t be ignored. Though countries like Indonesia had curtailed defense budget by US$ 588 Million during the pandemic and Thailand by US$ 555 Million, they haven’t shown any signs of restoration as of now.
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This factor has already started showing restraints with respect to trace chemical detector market and the status is expected to remain unchanged if restoration measures are not taken.
Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Trace Chemical Detector Market’. It has its team of analysts and consultants to deploy a bottom-up approach in its primary, secondary, and tertiary modes of research.
“Strict regulations imposed by the governments regarding security screening in the aviation sector is expected to boost the trace chemical detector market in the years to come”, says an analyst from Future Market Insights.
Competitive Detectors
- Shimadzu Corporation, of late, came up with a highly selective and sensitive Sulfur (chemiluminescence) detection system called ‘Nexis SCD-2030’; especially for helping petrochemical industry operators detect traces of sulfur in fuel.
- Smith Detection, in November 2020, did upgrade the IONSCAN 600 trace detection solution for detecting synthetic cannabinoids. It has also been found that it’s effective with regards to detection of concealed narcotics.
- NanoSniff Technologies (an IIT Bombay start-up_, in April 2021, did develop the very first micro sensor-based ETD (explosive trace detector that is capable of detecting explosives in not more than 10 seconds, along with identifying and categorizing diverse classes of the explosives.
- Westminster Group, in January 2021, did ink a contract for supplying EVD3500 handheld explosive trace detectors to the Cambodian company. EVD3500 is capable of detecting homemade, commercial, and military explosives inclusive of plastics, ammonium nitrates, peroxide-based explosives like HMTD and TATP, and black powders.
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What does the Report detect?
- The research study is based on test type (narcotics, hydrocarbon, composites, metal & alloys, and polymers), by product type (portable and benchtop), by end-user (security & defense, aerospace, oil & gas, chemical & pharmaceutical, and healthcare & research), and by application (explosives & narcotics detection, building protection, subway protection, chemical weapon detection, petrochemical testing, and chemical research).
- Convenience offered through portability is expected to drive the trace chemical detector market going forward.
Key Segments
Based on Test Type
- narcotics
- hydrocarbon
- composites
- metal & alloys
- polymers
Based on Product Type
- benchtop
- portable
Based on End User
- security & defence
- aerospace
- oil & gas
- chemical & pharmaceutical
- healthcare & research
Based on Application
- explosive & narcotics detection
- building protection
- subway protection
- chemical weapon detection
- petrochemical testing
- chemical research
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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