Explosive Detectors Market Worth 6.12 Billion USD by 2020 - Seite 2

Aviation vertical expected to hold largest market share 

The aviation vertical is expected to hold the largest share of the Explosive Detectors Market by 2020. The market for explosive detectors in the commercial sector is expected to grow at the highest rate between 2015 and 2020. The market is also expected to witness growth in the public places application during the forecast period.

North America expected to hold the largest market share, while Europe is expected to have the highest CAGR 

North America is expected to hold the largest share of the explosive detectors market between 2015 and 2020, owing to the presence of a large number of security vendors. Europe also offers potential growth opportunities in the explosive detectors market. The recent terrorist attacks have highlighted the evolving nature of the terrorist threat.

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The major players in the explosive detectors market include Smiths Detection, Morpho Detection, L-3 Communication, OSI Systems, and Nuctech among others.

The scope of the report covers detailed information regarding the major factors influencing the growth of the explosive detectors market such as drivers, restraints, challenges, and opportunities. Detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the explosive detectors market.

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