“Threat of terrorism is fueling the growth of the threat detection systems market.”
The threat detection systems market is expected to grow at a CAGR of 13.11% between 2016 and 2022 to reach USD 119.17 billion by 2022 from USD 48.38 billion in 2015. Threat of terrorism is the key factor which is increasing the demand for the threat detection devices including explosive detector, intrusion detector, radiological and nuclear detector, and others. Increasing demand for threat detection equipment, especially for commercial application, is one of the major factors fueling the growth of this market. The key restraining factor for the growth of the threat detection systems market is the complexities and high acquisition cost of these equipment.
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“Market for Video surveillance systems to grow at the highest rate during the forecast period.”
The market for video surveillance systems is expected to grow at the highest rate. Growing need for surveillance systems at public infrastructure would boost the demand for video surveillance systems. Also, video surveillance systems are used on a large scale in commercial places such as offices, banks, retail shops, and healthcare clinics, among others for safety. Also, to minimize the threat of terrorist activities and crime scenes, video surveillance systems are deployed in the public places on a large scale.
“Commercial application is estimated to grow at a high rate during the forecast period.”
Commercial sector is expected to grow at the highest rate among all the applications. Intrusion detection systems are used on a large scale in office spaces, banks, lodging, and warehouses. Video surveillance systems and biometric systems are used on a large scale in the commercial sector to restrict the unauthorized access. Public infrastructure is the second-highest growing application for the threat detection systems market. Public avenues are targeted by terrorists. To minimize such incidences, threat detection devices are deployed in these places on a large scale.
“North Americas and APAC are the major markets for threat detection systems.”
North America is expected to hold the largest share of the threat detection systems market during the forecast period, while the market in APAC is expected to grow at the highest rate during the same period. China, Japan, and India are some of the major countries driving the growth of the threat detection systems market in APAC. A significant number of prominent companies offering threat detection equipment are based in North America. This is one of the major factors driving the growth of the threat detection systems market in North America.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people in the power over Ethernet solutions industry.
The break-up of primary participants for the report has been shown below:
• By Company Type: Tier 1 – 18 , Tier 2 – 31, and Tier 3 – 51%
• By Designation: C-Level Executives – 26%, Directors – 40%, and Others – 34%
• By Region: North America – 51%, Europe – 32%, APAC – 12%, and RoW – 5%
The report also profiles the key players in the threat detection systems market and analyzes their market ranking. The prominent players profiled in this report are Smiths Group PLC (U.K.), Safran S.A. (France), FLIR Systems Inc. (U.S.), Thales S.A. (France), Rapiscan Systems Inc. (U.S.), RAE Systems Inc. (U.S.), Chemring Group plc (U.K.), ChemImage Sensor Systems (U.S.), Mirion Technologies Inc. (U.S.), and Axis Communication AB (Sweden), among others.
Related Report:
Global Chemical Detection Equipments Market Survey and Trend Research 2018
This report describes the development of the industry by upstream & downstream, industry overall and development, key companies, as well as type segment & market application and so on, and makes a scientific prediction for the development industry prospects on the basis of analysis, finally, analyzes opportunities for investment in the industry at the end of the report.
Industry Chain Raw Materials Cost Technology Consumer Preference
Industry Overall: History Development & Trend Market Competition Trade Overview Policy
Region (North America, Europe, Asia-Pacific, South America, Middle East, Africa): Regional Market Production Development Sales Regional Trade Regional Forecast
Company (Smiths Group, Thermo Fisher Scientific, Chemring Group, Flir Systems, General Dynamics Corporation, General Dynamics Corporation, Federal Resources, Environics, Honeywell, Bioquell etc.): Company Profile Product & Service Business Operation Data Market Share
Investment Analysis: Market Features Investment Opportunity Investment Calculation
Read More: https://watchersofmarkets.com/products/global-chemical-detection-equipments-market-survey-and-trend-research-2018
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