Explosive Trace Detection Market Key Players, Industry Overview and Supply Chain Till 2025
“Global Explosive Trace Detection Market report includes in-depth analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment and future outlook.�
The global Explosive Trace Detection Market size is expected to value at USD 2.36 billion by 2025, during the forecast period. The market is subject to witness a substantial growth due to the increase in terrorist activities around the world, rise in the use of trace detectors for illegal arms and drug trafficking, and growing adoption by domestic law enforcement agencies. The use of explosive trace detectors offers enhanced capabilities such as an integrated global positioning system that allows consumers to locate position of object, and larger storage capacity to share critical information over communication channel. In addition, explosive trace detectors allow operators to view images of objects placed inside of closed box on the touchscreen-enabled LCD displays. Globally, the explosive trace detection market is predicted to grow at CAGR of 10.5% in forecast period, providing numerous opportunity for market players to invest for research and development in the explosive trace detection market. However, critical factors such as rising cost related to the deployment and repairs of explosive trace detectors, decline in the defense expenditure and saturation of such devices mainly in developed economies are significantly hampering growth of the market. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industryreports/explosive-trace-detection-etd-market/request-sample