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Threat Detection Systems Market worth 119.17 Billion USD by 2022

Thursday, January 12, 2017 14:42
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(Before It's News)

According to the new market research report Threat Detection Systems Market by Detection Type (Explosive, Radiological & Nuclear, Chemical & Biological, Narcotics, Intrusion), Product (Dosimeter, Laser, Radar, Video Surveillance, Biometric), Application, and Geography – Global Forecast to 2022″, the market is expected to grow from USD 48.38 Billion in 2015 to reach USD 119.17 Billion by 2022, at a CAGR of 13.11% between 2016 and 2022. Increasing threat of terrorist activities, rising territorial conflicts, and geopolitical instabilities have led to the rise in the demand for threat detection systems. Also, increasing need for large-scale surveillance systems at public and commercial places is driving the demand for threat detection equipment.

Browse 69 market data tables and 61 figures spread through 192 pages and in-depth TOC on “Threat Detection Systems Market – Global Forecast to 2022”
http://www.marketsandmarkets.com/Market-Reports/threat-detection-system-market-10064174.html
Early buyers will receive 10% customization on reports.

The market for video surveillance systems are likely to grow at the highest rate during the forecast period

Video surveillance systems are expected to lead the overall threat detection systems market during the forecast period and is expected to grow at the highest rate between 2016 and 2022.  Increasing need for reconnaissance at commercial places, industry premises, and public avenues is one of the prime factors which is leading the demand for video surveillance systems. Video surveillance recordings are also used for the investigation purpose in many crime scenarios which is also driving the market for video surveillance systems.

Public infrastructure sector accounted for the largest share of the threat detection systems market in 2015

The threat detection systems market is led by the public infrastructure which is further segmented into airports, railway stations, sports stadiums, shopping malls, pilgrimages, and others. The high demand for threat detection devices from airports and shopping malls, especially for explosive detectors, video surveillance systems, and biometric systems, is one of the major factors driving the growth of the threat detection systems market for the public infrastructure application. The commercial sector is the second-largest market and the threat detection systems market for the commercial sector is estimated to grow at the highest rate between 2016 and 2022.

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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

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.

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