Industry Trends

Practices › Testing, Inspection & CertificationThreat Detection Systems Market


Threat Detection Systems Market


Semiconductor & Electronics
Testing, Inspection & Certification

The threat detection systems market is expected to reach USD 119.17 billion in 2023 from USD 56.91 billion by 2016 at a CAGR of 13.11% during the forecast period. The growth of this market is driven by the increase in the terrorist activities and rising territorial conflicts and geopolitical instabilities. Government regulations also play an important role in the increasing demand for the threat detections systems.  

Based on product/systems the threat detection systems market has been segmented into, Explosive and Narcotics Detectors, Personal Radiation Detectors, Dosimeters, Survey Meters, Identifiers, Photo Ionization Detectors, Air Samplers, Chemical Agent Detectors, Biological Agent Detectors, Laser Systems, Radar Systems, Video Surveillance Systems, Perimeter Intrusion Detection Systems, Wideband Wireless Communication Systems and Biometric Systems. The Video surveillance systems accounted for the largest share of the overall market and is expected to grow at a high rate between 2016 and 2022. Increasing need for reconnaissance at commercial places, industry premises, and public avenues is one of the prime factors which are leading the demand for video surveillance systems. Video surveillance recordings are also used for investigation purpose in many crime scenarios which is also driving the market for video surveillance systems; this factor is also driving the growth of the threat detection systems market for video surveillance systems.   

Based on application the threat detection systems market has been segmented into, Defense, Public Infrastructure, Commercial, Industrial, Institutional, and Residential. Public infrastructure is expected to hold the largest market share of threat detection systems. The commercial sector is expected to be the fastest-growing market by 2022. Intrusion detection systems are used on a large scale in office spaces, banks, lodging, and warehouses. Video surveillance systems and biometric systems are used on a large scale in the commercial sector to restrict the unauthorized access. Increasing threat of terrorism in public places is the key reason in increasing the demand for threat detection systems such video surveillance systems and explosive detectors, among other detection technologies in public infrastructure application during the forecast period.

 

North America is expected to dominate the threat detection systems market during the forecast period. The region contains several manufacturers and component suppliers of threat detection and border security systems. North America is witnessing a continuous increase in the research & development activities, particularly in the high-energy laser system technologies.

Threat Detection Systems Market

The key restraining factor for the growth of the threat detection systems market is the concerns over intrusion of privacy. Companies have adopted the new product developments and partnerships, contracts, agreements, & joint-venture strategies, to expand their market presence and distribution networks in the threat detection market for the forecast period.

Some of the major players in the threat detection systems market are Smiths Group PLC (U.K.), Safran S.A. (France), FLIR Systems Inc. (U.S.), and Thales S.A. (France). The initial capital investment on product development and setting up an efficient manufacturing process to build reliable products is quite high. Moreover, the companies also need to earn the trust of the market to gain new contracts; hence, the impact of new entrants is considerably low.

Increase in the terrorist activities and rising territorial conflicts and geopolitical instabilities

Public Infrastructure

Infrastructure is one of the key application segments for threat detection systems. Infrastructure consists of applications wherein large areas such as airports, railway stations, and other areas need to be covered for surveillance. Also, the transportation is a part of infrastructure sector which includes railway stations, airports, bus stations, and vehicles. Such video surveillance reduces the need for security guards as they can only conduct periodic check of each location. This is increasing the demand for video surveillance system in this segment.

Infrastructure applications are the part of public surveillance which has government regulations such as law enforcement must obtain a warrant prior to using a stored data to automatically identify individuals, provide safety guards, and also for personnel with access to a public video surveillance system, and so on. Following are the key places wherein threat detection systems are deployed on a large scale:

  • Airports
  • Railway stations
  • Sports stadiums
  • Shopping malls
  • Pilgrimages
  • Others (amusement and theme parks and gardens)

Commercial Spaces

In this segment, various commercial areas such as corporate offices, banks, lodging, retail shops, and healthcare clinics are considered. In addition, non-manufacturing buildings such as warehouses are also considered under this segment. Threat detections systems are being used in private sectors on a large scale. Biometric systems are used in IT companies for the identification and access purpose. This helps in maintaining security by disallowing unauthorized persons from entering private offices. Handheld and walk-through metal detectors are used at the entry point of corporate buildings to detect any unwanted metal objects. X-ray screening systems are installed in private companies to detect any illegal objects carried by employees in their baggage. Video surveillance systems are also used to keep watch in office surroundings and enhance the safety of the office environment. It is very important to maintain security at workplaces to ensure the smooth functioning of the private sector companies. Due to such advantages of the threat detection devices, their demand is expected to rise soon.

Following are the major places wherein threat detection systems are deployed for the safety purpose:

  • Business offices
  • Banks and financial buildings
  • Lodging
  • Retail shops
  •  Healthcare clinics
  •  Warehouses (non-manufacturing)

Critical questions would be;

  • Where will all these developments take the industry in the mid to long term?
  • Which industry will hold the major market potential in threat detection systems ecosystem?
  • Which will be the major market expansion strategy adopted by the players in the studied market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

We can help find ?

Latent demand for you, for your prospective client, or your prospective partners