Market Trends of Explosive Trace Detection Industry
This section covers the major market trends shaping the Explosive Trace Detection Market according to our research experts:
Commercial Segment is Projected to Show Significant Growth During the Forecast Period
The commercial segment of the market is expected to show significant growth during the forecast period. The growth is attributed to the increasing security concerns and stringent government rules for the aviation sector. Rising terrorism and illegal arms transfer lead to rising demand for advanced security systems which drive market growth. The ETDs can detect drugs, narcotic substances, and deadly explosive chemicals such as Ammonium Nitrate, Nitro-glycerine, and RDX in less time.
Increasing air traffic, growing investments in airport security, and stringent government rules for enhanced security at airports drive the growth of the market. ETD technology is used at checkpoints and boarding areas, where the airport authority conducts screenings. The increasing incidents of terrorist activities require airports to use explosive trace detectors.
For instance, in August 2022, Smiths Detection started the installation of 30 HI-SCAN 6040 CTiX carry-on baggage screening systems at Leonardo di Vinci International Airport in Rome. The company's HI-SCAN 6040 CTiX is a computed tomography (CT) X-ray scanner that produces high-resolution volumetric 3D images for quick baggage assessment and low false-alarm rates. There are more than 950 security system units deployed at about 340 airports in the United States. The agency also uses explosive trace detection technology to screen passengers for trace amounts of explosive residue. Thus, the growing use of ETDs at airports for enhanced security boosts the market growth during the forecast period.
Asia Pacific Will Showcase Remarkable Growth During the Forecast Period
Asia Pacific is projected to show significant growth in the explosive trace detection market during the forecast period. The growth is due to the increasing defense expenditure from China and India and rising terrorism across the region. Increasing security concerns at airports and stringent regulations from law enforcement agencies for enhanced security boost market growth. For instance, in July 2022, The Kolkata Police Special Branch in India is spending Rs 2 crore for the procurement of nine handheld explosive detection devices to improve security for VVIPs. The devices are also capable to detect narcotics. Furthermore, in September 2021, Incheon International Airport Corporation (IIAC), a South Korea-based airport signed a contract with Smiths Detection to install its explosives detection system (EDS) HI-SCAN 10080 XCT for hold baggage screening at Incheon International Airport (ICN) Terminal 2. The deployment aims to complete by 2024. Thus, the growing focus on improving security and rising procurement of advanced explosive trace detectors from security agencies propel the growth of the market across the Asia Pacific.
