Contraband Detectors Market is expected to reach USD 6.9 billion by 2032, at a CAGR of 5.83% during the forecast period 2023-2032.
Research Reports
Sep 15, 2023
The global contraband detectors market is likely to witness a steady rise. The growing pressure to improve security and control criminal activities inside and outside the facilities would drive market growth. Market Research Future (MRFR) confirms that the global contraband detectors market is poised to escalate from USD 4.2 BN in 2022 to USD 6.9 BN by 2032, growing at a 5.83% CAGR during the forecast period (2023-2032).
Besides, stringent government regulations, growing pressure to control rising criminal activities, and the need to detect hidden items, such as drugs, explosives & weapons, and currency, substantiate the market growth. Changing requirements of technical and functional specifications for border monitoring equipment is estimated to boost the size of the market in the upcoming period.
Additionally, the widespread awareness of safety solutions and the growing adoption of fire detection systems across end-use industries worldwide bolster the market shares. Conversely, the lack of awareness about the benefits of contraband detectors is a major factor impeding market growth. Nevertheless, growing government funding and incentives for contraband detector manufacturers would support the market growth throughout the review period.
Major Players
Leading contraband detectors market players are
- Smiths Group (UK)
- Leidos (US)
- OSI Systems (US)
- Nuctech (China)
- Adani Systems (India)
- Metrasens (UK)
- Berkeley Varitronics Systems (US)
- CSECO (US)
- CEIA (Italy), and Godrej Security Solutions (India), among others.
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Contraband Detectors Market – Segments
The market report is segmented into screening type, technology, deployment, application, and region. The screening type segment comprises people, baggage & cargo, and vehicles. The technology segment comprises X-ray, metal detection, spectrometry & spectroscopy, and others.
The deployment segment comprises fixed and portable. The application segment comprises government, industrial, retail, hospitality, commercial, education, and others. By region, the contraband detectors market is segmented into the Americas, Europe, Asia-Pacific, and the rest of the world.
Contraband Detectors Market – Geographical Analysis
North America is the largest market for contraband detectors globally. Rising deployments of contraband detectors at airports, ports, and large public arenas, alongside the presence of several contraband detector manufacturers in this region, foster market growth. Besides, growing government initiatives to promote the contraband detectors use in residential, commercial, industrial, and public spaces boost the region’s market size.
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Global Contraband Detectors Market – Competitive Landscape
Highly competitive, the contraband detectors market appears fragmented due to the presence of several players. Matured and small-scale players, along with the new entrants, form a competitive landscape. These players strive to gain a larger competitive share through acquisitions, strategic partnerships, expansions, product/technology launches, and collaborations. Substantial R&D investments in developing a completely different technology compared to their competition.
Industry/Innovation/Related News:
Jan. 30, 2023 — RaySecur, a leading desktop T-ray imaging scanners provider, announced advances in the safety and accessibility of mail-based drug and contraband detection for the corrections market. Inmate mail security is designed to simplify the detection of drugs and contraband smuggled into corrections facilities via postal mail without opening it. Corrections officers and mail screeners gain improved drug-laced paper detection, increased portability, and chain-of-custody auditing, all without opening the mail.
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