© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Explosive Trace Detection Industry, Business Development Analysis and Future Challenges by 2024: Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  North America is projected to hold a major share in the explosive trace detection market over the forecast period owing to the increasing number of security vendors in the region.  Additionally, recent terrorist activities are promoting the demand for these devices in Europe, thus offering opportunities to the industry players.  Government regulations are playing a key role in the advancement of security screening devices. For instance, in the U.S., major customers are the government agencies and the demand for security detectors rely on state priorities and administrative initiatives.  The U.S. has proposed a legislation to enforce 100 percent cargo screening services, which is supposed to boost the explosive trace detection market growth. Regional Analysis of Explosive Trace Detection Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Explosive Trace Detection Market:  Based on application, the explosive trace detection market is segmented into aviation, transportation security, secured facilities, and defense. The aviation segment is anticipated to lead the market owing to the increasing air cargo and air passengers in the growing economies.  The explosive trace detection market is segmented by technology into thermo-redox, mass spectrometry, chemiluminescence, colorimetric & automated colorimetric, ion mobility spectrometry, and amplifying fluorescent polymer.  Rising demand for security, the protection of organizations with national importance along with public safety is projected to create new growth opportunities for the industry participants. In addition, growing Chinese investment in the construction of new airports is also predicted to offer a huge potential for the industry growth.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Some of the key players in the explosive trace detection market include Biosensor AB, Auto Clear, OSI Systems, Hitachi, Westminster International, ICx Technologies, Smiths Detection, Mistral Security, Scent Detection, Ketech Defence, Nuctech Co., Ltd., L-3 Communications, and Morpho Detection, Inc. These major players are adopting strategies to compete and sustain in the market that include strategic acquisitions and partnerships.  In July 2017, OSI systems acquired Morpho global explosive. The acquisition of this ETD segment of Smiths Group is complementary to the current operations and this will enable the company to serve customers’ unique needs seeking to secure public venues, borders, airports, and critical infrastructure. This acquisition will fill the gap in their aviation checkpoint offerings, which presently includes carry-on baggage inspection, automated tray return solutions, and passenger screening. Competitive Market Share of Explosive Trace Detection Market:

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