Threat Detection Equipment Market Analysis

Threat Detection Equipment Market Analysis

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.
 

Based on technology, the threat detection equipment market is segmented into X-ray Scanners, trace detection, infrared screening, spectrometric, video surveillance, others. The Spectrometry segment was valued at over USD 9.5 billion in 2022 and is expected to grow at a lucrative pace through 2032. Spectrometry technology offers high detection sensitivity, allowing the identification & analysis of trace amounts of substances. This technology can detect & analyze the chemical composition of various materials including explosives, narcotics, chemical agents, and hazardous substances. The ability to detect minute quantities of these substances makes spectrometry a valuable tool in threat detection, contributing to segment growth. Spectrometry technology has diverse applications across different sectors and industries. It is used in airport security for the detection of explosives, in pharmaceuticals for quality control & counterfeit drug identification, in environmental monitoring for detecting pollutants, and in industrial settings for process control & material analysis. The broad range of applications contributes to the growth of spectrometry technology in the threat detection equipment industry.
 

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.
 

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 steadily increasing its defense expenditure, making investments in advanced military technologies and equipment. As tensions and security challenges persist in the Asia Pacific region, the Chinese military & defense industry is investing in advanced equipment to detect & counter potential threats, both conventional and asymmetric. The increased collaborations of airports with threat detection equipment manufacturers are driving market growth in India. For instance, in February 2023 Noida International Airport signed an agreement with Smiths Detection. To screen passenger carry-on luggage, Smiths Detection will provide the HI-SCAN 6040 DV, a cutting-edge high resolution & dual-view X-ray screening system; and the HI-SCAN 10080 XCT, a next-generation high-speed Computed Tomography (CT) explosives detection system that complies with TSA and ECAC regulations as well as BCAS standards.