New York, NY, May 27, 2019 (GLOBE NEWSWIRE) -- 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, 2018–2025”. According to the report, the global threat detection systems market accounted 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.

Browse through 84 Tables & 39 Figures spread over 187 Pages and in-depth TOC on “Global Threat Detection Systems Market Size, Share 2018: Industry Type, Trends, Segments, Analysis and Forecast to 2025”.

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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.

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. The U.S. is expected to be the most lucrative country of this regional market, owing to the rising government investments in threat detection systems. In 2019, the U.S. “Department of Homeland Security” estimated a security budget worth USD 51.7 billion for the fiscal year 2020 as compared to USD 47.5 billion for the fiscal year 2019.

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The European threat detection systems market is driven by the rising demand for threat detection systems in the manufacturing sector. UK, France, and Germany are anticipated to be major contributors in terms of revenue to this regional market. Companies like BMW, Airbus, and Siemens are focusing on using these systems to prevent any mishaps. Several market players are focusing on developing systems that are compatible with Artificial Intelligence (AI) technology specifically for the European industrial sector. This, in turn, is anticipated to further fuel the region’s threat detection systems market in the future.

The Asia Pacific is estimated to hold a substantial share of the global threat detection systems market in the years ahead. India, South Korea, Japan, and China are anticipated to make notable contributions to this regional market, owing to the rising awareness about threat detection systems in the public sector and growing adoption of security systems in commercial places. For instance, in 2019, the Osaka airport authorities ordered AI-enabled baggage screening systems to speed up the screening process at multiple passenger lanes at the airport.

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, 2018–2025” Report at https://www.zionmarketresearch.com/report/threat-detection-systems-market

Latin America is projected to witness notable growth in the threat detection systems market over the forecasted timespan, owing to the rising investments made in the defense sector in Brazil and Argentina. Threat detection systems help in ensuring that military personnel are notified about potential threats, such as airborne chemicals on the field apart from collecting and analyzing air samples. In 2017, Brazil spent around USD 23.83 billion as compared to USD 17.82 billion in 2013. A major portion of this amount was spent on security systems.

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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.

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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
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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