Threat Detection Systems Market – Comparison of Growth Pattern of Threat Detection Applications

[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.

Based on product/systems the threat detection systems market has been segmented into, Explosive and Narcotics Detectors, Personal Radiation Detectors, Dosimeters, Survey Meters, Identifiers, Photo Ionization Detectors, Air Samplers, Chemical Agent Detectors, Biological Agent Detectors, Laser Systems, Radar Systems, Video Surveillance Systems, Perimeter Intrusion Detection Systems, Wideband Wireless Communication Systems and Biometric Systems. The Video surveillance systems accounted for the largest share of the overall market and is expected to grow at a high rate between 2016 and 2022. 

Know More : Download PDF Brochure @ 

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10064174

Increasing need for reconnaissance at commercial places, industry premises, and public avenues is one of the prime factors which are leading the demand for video surveillance systems. Video surveillance recordings are also used for investigation purpose in many crime scenarios which is also driving the market for video surveillance systems; this factor is also driving the growth of the threat detection systems market for video surveillance systems.   

Based on application the threat detection systems market has been segmented into, Defense, Public Infrastructure, Commercial, Industrial, Institutional, and Residential. Public infrastructure is expected to hold the largest market share of threat detection systems. The commercial sector is expected to be the fastest-growing market by 2022. 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. Increasing threat of terrorism in public places is the key reason in increasing the demand for threat detection systems such video surveillance systems and explosive detectors, among other detection technologies in public infrastructure application during the forecast period.

North America is expected to dominate the threat detection systems market during the forecast period. The region contains several manufacturers and component suppliers of threat detection and border security systems. North America is witnessing a continuous increase in the research & development activities, particularly in the high-energy laser system technologies.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Markets and Markets 
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441