Contraband Detectors Market Trends, Growth And Regional Outlook and Forecast 2020-2027 | Impact of COVID-19

 Market Analysis 

The contraband detectors market will touch USD 6.2 billion at a 5.83% CAGR in the forecast period (2020 2027), states the latest Market Research Future (MRFR) report.

 

Drivers 

Increasing Extremist Activities to Boost Market Growth 

Growing concerns regarding security devices owing to rise in extremist activities coupled with fast-growing urbanization will boost the contraband detectors market growth in the forecast period. Due to increasing extremist incidents includes significant loss of life and property, governments across the globe are making huge investments in advanced contraband detector systems. 

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Opportunities 

Growing Adoption in Retail and Transportation to offer Lucrative Opportunities 

The growing adoption of contraband detection technology in retail and transportation applications may offer robust opportunities for the market in the forecast period. 

 

Restraints 

High Initial Investment to act as Market Restraint 

The high initial investment coupled with higher operational and maintenance costs related to large security systems may act as a market restraint. 

 

Challenges 

Medical Threats posed by Full-Body Scanners to act as Market Challenge

Medical threats that are posed by full-body scanners may act as a market challenge over the forecast period. Exposure to high-level x-rays can boost the risk of cardiovascular diseases and cancer. 

 

COVID-19 Analysis 

Global lockdowns have adversely affected the contraband detectors market. The drop in travelling and shut down of public places for a long time resulted in the redundancy of purchases and the adoption of contraband detectors over the years. The operational costs and maintenance also went up significantly during the lockdown with frequent re-introduction and lifting of shutdowns, globally and locally. 

 

Market Segmentation 

The global contraband detectors market has been segmented based on screening type, technology, deployment, and application. 

 

By screening type, the baggage and cargo segment will lead the market over the forecast period for its use in theatres and malls and early adoption of the technology in the baggage and cargo segment. 

 

By technology, the x-ray segment will dominate the market over the forecast period. 

 

By deployment, the fixed deployment segment will spearhead the market over the forecast period. 

 

By application, the retail segment will command the market over the forecast period. 

 

Regional Analysis 

North America to Command Contraband Detectors Market 

North America will command the contraband detectors market over the forecast period. Concentration of large public arenas, ports and airports in the region, growing number of manufacturers, the region being at the forefront of emerging and innovative technologies, well-developed familiarity and adoption of contraband detectors, proliferation of the technology industry, growing adoption in the US and Canada, high concentration of market players, abundant availability of competent technical expertise, and the increasing need for operative contraband detectors and effective surveillance management of large events are adding to the global contraband detectors market growth in the region. Besides, the rising consumer interest in technologies, the presence of various developed nations that possess high technological adoption rates, the growing concerns of security and safety of many critical areas present in the US and Canada, and increasing adoption of contraband detectors in the aviation industry to improve their security services and eliminate any foul activities are also adding market growth. 

 

Key Players

Leading players profiled in the global contraband detectors market report include Smiths Group (UK), OSI Systems (US), Leidos (US), Nuctech (China), Metrasens (UK), Adani Systems (India), Berkeley Varitronics Systems (US), CEIA (Italy), CSECO (US), and Godrej Security Solutions (India).

 

The global contraband detectors market is both fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches and more.

 

Get complete Report @ https://www.marketresearchfuture.com/reports/contraband-detectors-market-10620

About Us:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottom line margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

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