Explosive Trace Detection Market Pit Falls and Growth Prospects from 2017 to 2024

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Explosive Trace Detection Industry, Business
Development Analysis and Future Challenges by
2024 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Explosive Trace Detection
Market

• 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.

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• 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.

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Competitive Market Share of Explosive Trace
Detection Market

• 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.

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Trace Detection Market _at_ http//bit.ly/2vn7Ebo R
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