The
Contraband Detector Global Market Report 2024 by The Business Research Company
provides market overview across 60+ geographies in the seven regions -
Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the
Middle East, and Africa, encompassing 27 major global industries. The report
presents a comprehensive analysis over a ten-year historic period (2010-2021)
and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Contraband Detector Market:
https://www.thebusinessresearchcompany.com/report/contraband-detector-global-market-report
According to The Business Research Company’s Contraband Detector Global Market
Report 2024, The contraband detector market size has grown strongly in recent
years. It will grow from $4.63 billion in 2023 to $4.96 billion in 2024 at a
compound annual growth rate (CAGR) of 7.2%. The
growth in the historic period can be attributed to security concerns,
regulatory compliance, global trade growth, organized crime challenges, air
travel safety..
The contraband detector market size is expected to see strong growth in the
next few years. It will grow to $6.57 billion in 2028 at a compound annual
growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed
to stricter border controls, market expansion in emerging economies,
industry-specific compliance, cross-border terrorism concerns, public
infrastructure protection.. Major trends in the forecast period include
customization for various applications, adoption of cloud-based data storage,
focus on user-friendly interfaces, continuous research and development..
The rising terrorist activities are expected to propel the growth of the
contraband detector market going forward. Terrorist activities refer to acts of
violence or intimidation by individuals, groups, or organizations to create
fear, panic, and disruption within a population. Contraband detectors prevent
terrorist activities like carrying weapons, cash, smuggled drugs, bombs, or
explosives. They are critical for aviation security, cargo screening, and
broader counter-terrorism and national security activities by discovering
dangerous substances. For instance, in March 2023, according to Global
Terrorism Index 2023, 2022 saw an increase in the average number of terrorist
deaths from 1.3 per incident in 2021 to 1.7 per attack in 2022. Therefore,
rising terrorist activities are driving the growth of the contraband detector
market.
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The contraband detector market covered in this report is segmented –
1) By Technology: X-ray Imaging, Metal Detection, Spectrometry and
Spectroscopy, Other Technologies
2) By Target-Based Screening: People Screening, Baggage And Cargo Screening,
Vehicle Screening
3) By Deployment Type: Fixed, Portable
4) By Application: Transportation, Government, Retail, Hospitality, Commercial,
Industrial, Education, Events And Sports, Other Applications
The inclusion of AI technology is a key trend gaining popularity in the
contraband detector market. Major companies operating in the contraband
detector market are adopting AI technologies to sustain their position in the
market. For instance, in September 2022, OD Security, a Netherlands-based
security company, launched the automatic contraband detection software THEIA
for contraband detectors. THEIA is a complete body scanner that automatically
detects threats. THEIA employs sophisticated artificial intelligence (AI)
software to automatically highlight and identify irregularities in scan
pictures, directing employees to suspected contraband and enhancing the
security of the prison estates by preventing the entry of contraband. THEIA
uses machine learning techniques to identify contraband. Large quantities of
negative body scan photos were used to train it, increasing general safety,
THEIA lowering operator error, and raising general security in jails and other
detention facilities.
The contraband detector market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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