Threat Detection Equipment Market - By Product Type (Explosive Detection, Radiation Detection, Chemical and Biological Detection, Narcotics Detection), By Technology, By End Use & Forecast, 2022 – 2032

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format

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Threat Detection Equipment Market - By Product Type (Explosive Detection, Radiation Detection, Chemical and Biological Detection, Narcotics Detection), By Technology, By End Use & Forecast, 2022 – 2032

Threat Detection Equipment Market Size

Threat Detection Equipment Market size was valued at USD 88 billion in 2022 and is anticipated to grow at a CAGR of over 8% between 2023 and 2032. Rapid technological advancements are driving innovations in threat detection equipment. The emerging technologies, such as Artificial Intelligence (AI), Machine Learning (ML), data analytics, and IoT, are being integrated into threat detection systems to enhance accuracy, speed, and efficiency. The advancements in sensor technology, imaging techniques, and software algorithms are also improving the detection capabilities of equipment.

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The threat detection equipment market is involved in the development, manufacturing, distribution, and deployment of equipment, specifically designed to detect & mitigate various threats. Such equipment is utilized across different sectors & industries to enhance security, protect assets, and mitigate potential risks. Threat detection equipment encompass a wide range of technologies, devices, and systems that are designed to identify & alert potential threats such as explosives, weapons, chemical, biological, radiological & nuclear (CBRN) hazards, illicit substances, and other security risks.

Threat Detection Equipment Market Report Attributes
Report Attribute Details
Base Year 2022
Threat Detection Equipment Market Size in 2022 USD 88 Billion
Forecast Period 2022 to 2032
Forecast Period 2022 to 2032 CAGR 8%
2032 Value Projection USD 190.5 Billion
Historical Data for 2018 – 2022
No. of Pages 137
Tables, Charts & Figures 490
Segments covered Product type, technology, and end use
Growth Drivers
  • Increasing security threats
  • Stringent government regulations
  • Growing Awareness and Preparedness
  • Technological advancements
  • Increasing international trade and travel
Pitfalls & Challenges
  • Cost and budget constraints
  • Integration and interoperability

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Upgrading your security with fancy equipment like X-ray scanners, bomb detectors, and cyber shields can cost a pretty penny. This can be a real headache for businesses, especially small ones and those with tight budgets. The biggest hurdle is the upfront cost. It's like trying to leap over a huge wall. Plus, once you've got your equipment up and running, there are still bills to pay. You'll need to keep it all in good shape, fix any problems, update software, train staff, and maybe even hire more people to handle it. All these expenses can add up fast and make it tough for businesses to keep up. It's like a heavy weight dragging them down. And if they can't afford to spend enough on maintenance and operations, it can put a damper on the whole market.

COVID-19 Impact

The COVID-19 pandemic had significant impacts on the global threat detection equipment market. The COVID-19 pandemic heightened the focus on public health & safety in commercial settings such as airports, shopping malls, office buildings, and entertainment venues. There is a growing need to implement threat detection equipment that can identify potential health threats including fevers, respiratory issues, and the adherence to mask-wearing protocols.

Threat Detection Equipment Market Trends

Imagine you're a security guard scanning bags at an airport. With the latest E-beam technology, your eyes light up. This super-cool tech gives you a super-clear view of what's inside, like an X-ray with extra superpowers. Electron beams shoot through objects, painting a detailed picture of their contents. It's like seeing every nook and cranny, so you can spot hidden weapons or suspicious items like a detective. Especially in busy places like airports or seaports, this technology is a lifesaver, helping to keep people safe. E-beam scans go beyond ordinary X-rays. They make the difference between materials crystal clear, so you can tell apart innocent items from potential threats. It's like having a built-in superpower to protect your community from harm.

Threat Detection Equipment Market Analysis

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Based on product type, the threat detection equipment market is segmented into explosive detection systems, radiation detection system, chemical and biological detection system, narcotics detection system, others. The chemical and biological detection systems segment holds CAGR of over 9% in 2022 and is expected to grow at a lucrative pace till 2032. The rising global security concerns related to chemical & biological threats, including terrorism, bioterrorism, and the potential uses of chemical or biological agents, drive the demand for advanced detection systems. Major players are collaborating to develop chemical & biological threat detection systems.

For instance, in August 2022, Smiths Detection partnered with Block MEMS to develop non-contact chemical detection device for the U.S. Department of Defense. The healthcare sector plays a significant role in the demand for chemical & biological detection systems. These systems are used in hospitals, clinics, laboratories, and public health organizations to monitor & detect infectious diseases, chemical hazards, and biological agents. The need for early detection, containment, and effective response in healthcare settings will drive this segment growth.

When it comes to spotting threats, different types of high-tech tools are used, such as X-ray machines, trace detectors, infrared scanners, video surveillance, and spectrometry equipment. Spectrometry has been a standout player in this field, raking in over $9.5 billion in 2022. And it's predicted to keep growing strong until 2032. That's because spectrometry is like a super-sensitive sniffer, capable of picking up even the tiniest traces of stuff. This makes it a great choice for detecting dangerous things like explosives, drugs, and chemical weapons. The cool part about spectrometry is that it can figure out what these substances are made of. Whether it's at the airport, in a lab, or in the field, spectrometry helps keep us safe and healthy. Its versatility makes it a must-have in various industries, from security to healthcare to environmental protection.

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Based on end use, the threat detection equipment market is segmented commercial, industrial, public infrastructure, military, and defense & prison, institutional, transportation and aviation, healthcare. The military and defense & prison segment is the fastest growing segment in the market and holds a CAGR of over 9.5% in 2022 and is expected to grow at a lucrative pace up to 2032. The growing demand for threat detection equipment in intelligence gathering & surveillance activities of the military & defense sector is driving segmental growth.

Advanced surveillance technologies, including video analytics, Unmanned Aerial Systems (UAS), or ground-based sensors, aid in monitoring borders, critical infrastructure, or remote areas. These technologies enhance situational awareness, early threat detection, and decision-making capabilities. Correctional facilities, including prisons and detention centers, face unique security challenges. Threat detection equipment is essential for maintaining security within these facilities, detecting weapons, contraband, or other prohibited items. It prevents escape attempts, reduces violence among inmates, and improves the overall safety & security of correctional facilities.

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Asia Pacific is the fastest growing region in the global market with a revenue of over 22 billion in 2022. The Asia Pacific region threat detection equipment market growing significantly due to increasing security concerns, rapid industrialization, infrastructure development, government initiatives, and technological advancements. The adoption of these solutions will help in protecting critical assets, ensuring workplace safety, and mitigating potential risks in the industrial sectors across the region.

China has been beefing up its military power with new gadgets and fancy tech. It's like they're getting ready for a possible showdown in the Asia-Pacific region. And it's not just China. India is also pumping money into airport security to protect its people from bad guys. Airports in India are teaming up with companies like Smiths Detection to get their hands on top-notch equipment. For example, the Noida International Airport recently got themselves some fancy X-ray machines and a super-fast bomb scanner that uses some crazy tech called Computed Tomography (CT). These gadgets are so advanced, they can even tell when someone is trying to sneak a bomb in their luggage.

Threat Detection Equipment Market Share

The threat detection equipment market is highly competitive owing to the presence of key players such as Smiths Detection and Leidos. Other prominent industry participants include

  • Lockheed Martin Corporation, Inc,
  • Raytheon Technologies Corporation,
  • Smiths Group PLC.,
  • Thermo Fisher Scientific Inc

 Industry participants are expected to increase their foothold in the commercial industry with growing investments in facility centers & acquisitions. Significant investments in R&D to gain technological competitiveness and aggressive business strategies including technological launches, collaborations & long-term agreements with clients to capture the market share are positively impacting the market.

Threat Detection Equipment Industry News

  • In May 2022, Renesas and Intel partnered to develop a new BCM using Intel's Atom processor. The BCM is more powerful & energy-efficient than its previous models and supports a wider range of features such as ADAS & autonomous driving.
     
  • In March 2021, Smiths Detection was selected by the Heathrow Airport Administration for the supply of HI-SCAN 6040 CTiX magnetic resonance X-rays, featuring a higher degree of security & efficiency. Through this move, the company is expanding its brand presence across the industry.

The Threat Detection Equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and shipments (Thousand units) from 2018 to 2032, for the following segments

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By Product Type

  • Explosive Detection Systems
  • Radiation Detection Systems
  • Chemical and Biological Detection Systems
  • Narcotics Detection Systems
  • Others

By Technology

  • X-ray Scanners
  • Trace Detection
  • Infrared Screening
  • Spectrometry
  • Video Surveillance
  • Others

By End Use

  • Commercial
  • Industrial
  • Public Infrastructure
  • Military and Defense & Correctional Facility
  • Institutional
  • Transportation and aviation
  • Healthcare

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ANZ 
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • UAE
    • KSA
    • South Africa

Frequently Asked Questions (FAQ)

What is the threat detection equipment market worth?

Market size for threat detection equipment was USD 88 billion in 2022 and will record over 8% CAGR from 2023 to 2032 driven by emerging technologies, such as artificial intelligence (AI), machine learning (ML), data analytics, and IoT.

What is the size of the spectrometric threat detection equipment industry?

Threat detection equipment industry size from the spectrometry technology segment exceeded USD 9.5 billion in 2022 due to the higher need to offer high detection sensitivity in the identification & analysis of trace amounts of substances.

How is the demand for threat detection equipment driven by military, and defense & prison sector?

Threat detection equipment industry share from the military and defense & prison segment is the fastest growing segment in the market and holds a CAGR of over 9.5% during the forecast period driven by growing adoption in intelligence gathering & surveillance activities.

What is the size of the APAC threat detection equipment market?

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