(MENAFN- Zion Market Research) Zion Market Research has published a new report titled 'Threat Detection Systems Market by Type (Explosive Detection, Radiological and Nuclear Detection, Narcotics Detection, Chemical and Biological Detection, Intrusion Detection, and Others), by Product (Personal Radiation Detectors, Dosimeters, Photo Ionization Detectors, Chemical Agent Detectors, Biological Agent Detectors, Laser Systems, Radar Systems, Video Surveillance Systems, Perimeter Intrusion Detection Systems, Wideband Wireless Communication Systems, Biometric Systems, and Others), and by Application (Defense, Public Infrastructure, Commercial, Industrial, and Residential): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20182025. According to the report, the globalthreat detection systems marketaccounted for USD 70.2 billion in 2018 and is expected to reach USD 163.4 billion by 2025, at a CAGR of around 12.8% between 2019 and 2025.
The rising number of terror attacks at commercial places has led manufacturers to develop technologically advanced security systems. Various commercial outlets, such as malls, cafes, and theaters, are focusing on using technically advanced systems to prevent any mishaps. In 2018, retail giant, Walmart, announced that it has tested facial recognition technology for its security systems. Various organizations from the manufacturing sector, such as Audi, Apple, and Samsung Electronics, are expanding their businesses in numerous developing countries, which is further driving the demand for threat detection systems. Organizations are also focusing on using Artificial Intelligence (AI) and the Internet of Things (IoT) technology with these systems. This, in turn, is expected to support the threat detection systems market in the future. However, the high initial investment may have an adverse effect on this market's growth. Alternatively, the adoption of biometrics security systems in consumer electronics is anticipated to open new growth avenues for the market in the upcoming years.
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Browse the full'Threat Detection Systems Market by Type (Explosive Detection, Radiological and Nuclear Detection, Narcotics Detection, Chemical and Biological Detection, Intrusion Detection, and Others), by Product (Personal Radiation Detectors, Dosimeters, Photo Ionization Detectors, Chemical Agent Detectors, Biological Agent Detectors, Laser Systems, Radar Systems, Video Surveillance Systems, Perimeter Intrusion Detection Systems, Wideband Wireless Communication Systems, Biometric Systems, and Others), and by Application (Defense, Public Infrastructure, Commercial, Industrial, and Residential): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20182025Report at https://www.zionmarketresearch.com/report/threat-detection-systems-market
By type, the global threat detection systems market is fragmented into explosive detection, radiological and nuclear detection, narcotics detection, chemical and biological detection, intrusion detection, and others. By product, the global threat detection systems market includes dosimeters, personal radiation detectors, photoionization detectors, biological agent detectors, chemical agent detectors, radar systems, laser systems, video surveillance systems, wideband wireless communication systems, perimeter intrusion detection systems, biometric systems, and others. The video surveillance systems segment is expected to grow considerably in the future, owing to the increasing demand for surveillance cameras in developing economies of the Asia Pacific region. The laser systems segment is anticipated to hold a considerable market share over the forecasted timeframe, due to the rising demand for laser systems in Europe and Latin America. The application segment of the market comprises public infrastructure, residential, industrial, commercial, and defense. The commercial segment is expected to grow significantly in the upcoming years.
By region, Asia Pacific is estimated to hold a substantial share of the global threat detection systems market in the years ahead. India, South Korea, and China are anticipated to make notable contributions to this regional market, owing to the increasing awareness and rising adoption of security systems in commercial places. The North American threat detection systems market, being the most technically advanced region, is anticipated to grow significantly in the future, due to the presence of leading market organizations, such as RAE Systems, FLIR Systems, etc.
Some noticeable players of the global threat detection systems market are Smiths Group, Safran, Thales, RAE Systems, FLIR Systems, Mirion Technologies, Rapiscan Systems, AXIS Communications, Chemring Group, and Chemimage Corporation.
This report segments the global threat detection systems market into:
Global Threat Detection Systems Market: Type Analysis
- Explosive Detection
- Radiological and Nuclear Detection
- Narcotics Detection
- Chemical and Biological Detection
- Intrusion Detection
- Others
Global Threat Detection Systems Market: Product Analysis
- Personal Radiation Detectors
- Dosimeters
- Photo Ionization Detectors
- Chemical Agent Detectors
- Biological Agent Detectors
- Laser Systems
- Radar Systems
- Video Surveillance Systems
- Perimeter Intrusion Detection Systems
- Wideband Wireless Communication Systems
- Biometric Systems
- Others
Global Threat Detection Systems Market: Application Analysis
- Defense
- Public Infrastructure
- Commercial
- Industrial
- Residential
Global Threat Detection Systems Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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