Threat Detection Systems Market by Product (Dosimeter, Laser, Radar, Video Surveillance, Biometric) Geography - Global Forecast to 2022
[192 Pages Report] The threat detection systems market was valued at USD 48.38 billion in 2015 and is estimated to reach USD 119.17 billion by 2022, at a CAGR of 13.11% during the forecast period. The growth of this market is propelled by the increasing acts of terrorism across the globe in the past few years. Due to which governments in terror-affected nations to introduce new regulations making it mandatory to install advanced security systems across airports, commercial centers, and tourist destinations.
Increasing act of terrorism across the globe and growing need for large scale surveillance at public gathering to drive the global threat detection market demand close to USD 119.17 billion by 2022
The growth of the threat detection market is majorly driven by Increasing act of terrorism across the globe and growing need for large scale surveillance at public gathering and increasing government regulation for security devices
Threat detection systems are used in various end use application like Defense, Public Infrastructure, Commercial, Industrial, Institutional and Residential. Public infrastructure is the largest application area of threat detection market these sysetms are deployed in places like airports, railway station, sport stadiums, shopping malls, pilgrimages and others .
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With the continuous development of technology and increasing government regulation for security devices, there is a rise in adoption of threat detection products such as explosive and narcotics detectors, personal radiation detectors, dosimeters, survey meters, identifiers, photo-ionization detectors (pid), air samplers,chemical agent detectors, biological agent detectors, radar systems, video surveillance systems, perimeter intrusion detectors, wide-band wireless communication systems, biometric systems and others.
North America held the largest market share in 2015
North America held the largest share of the threat detection systems market in 2015, followed by APAC and Europe. The U.S. accounted for the largest share of the threat detection systems market in North America, followed by Canada and Mexico. The region has several companies operating as manufacturers and suppliers of components that are used in internal threat detection and border security management. North America is witnessing a continuous increase in the research & development activities, particularly in high-energy laser system technologies.
The major players operating in this market includes 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
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