Concealed Weapon Detection Systems Market to Record Stellar Growth as Public Security Gains Priority
The global concealed weapon detection systems market is estimated to record a value worth more than US$ 180 Mn by the end of 2020, and is estimated to cross the US$ 300 Mn mark by 2030.
Concealed Weapon Detection Systems Market
A recent market study published by Future Market Insights on the Concealed Weapon Detectio...
A huge demand for concealed weapon detection systems is being observed in aviation industry, government sector, and commercial spaces such as educational institutes, banks, and shopping malls as public safety is threatened by anti-social groups. Accurate recognition and detection of concealed contraband and weapons can be done by terahertz body scanners to identify threats that are concealed underneath the clothes of a person or in bags.
Remarkable advancements with incorporation of sensors, imaging technology, and actuators has a created lucrative ground for sales of concealed weapon detection systems.
Configurable terahertz body scanning systems have been widely deployed on a global scale as security screening with concealed weapon detection at ports and borders is gaining pressing importance amidst growing political tensions.
Rise of cross border terrorism and increasing number of terrorist outfits have given every government a reason to invest in the best and the most advanced concealed weapon detection technologies.
The aviation sector is expanding with an increase in the number of passengers across the globe, which demands efforts to keep pace with the growing travel dynamics. Adoption of security screening and concealed weapon detection technologies, such as terahertz body scanners with deep learning capabilities, at these venues is likely to boost the growth of the global concealed weapon detection systems market during the forecast period.
Key Takeaways from Global Concealed Weapon Detection Systems Market Study
- Mobile concealed weapon detectors to surge at a CAGR of 8.8% between 2020 and 2030
- Transportation infrastructure to remain the leading segment exhibiting a 2.1x growth during the forecast period
- North America to hold a lion’s share of 41.8% in global concealed weapon detection systems market
- Terahertz body scanners to remain bullish as technological advancements remain unparalleled
- Increased product selling prices, amongst established players, to be seen as markets try to recover from COVID-19 pandemic
Integration of High Efficiency Sensing Solutions to Boost Adoption
Rising threats of terrorism targeted at public places for mass attacks have created an urgent need for modern, advanced concealed weapon detectors. Security screening combined with concealed weapon detection solutions are used to detect sly threats and contraband items without any physical interaction between security personnel and the person being screened.
Efficient security screening and weapon detection at high public throughput venues like courthouses, airports, museums, and prisons demands use of high efficiency sensing technologies. This demand for efficient concealed weapon detection is motivating companies to develop and integrate high speed sensors into security screening solutions.
Airports, railway stations, metro stations, national borders and tourist attractions, among other venues, are susceptible to illegal operations and terrorism, which can be tackled by incorporating autonomous and covert sensing resources. The integration of high quality, autonomous sensing equipment is expected to play a major role in propelling the growth of the global concealed weapon detection systems market during the forecast period.
“Today, end users operating in BFSI, retail, and education industries are taking a more advanced approach to detect threats. Smart, portable concealed threat detection equipment is being adopted by these end users, which is estimated to offer lucrative opportunities for growth during the forecast period,” says the FMI analyst.
Competition Landscape of Concealed Weapon Detection Market
Concealed weapon detection systems market players are striving to generate new revenue streams by deploying concealed weapon detection systems for new end users operating in market sectors that the company does not usually cater to.
For instance, in August 2019, Smiths Detection Group Ltd. deployed customized X-ray systems with integrated auto-detection software that autonomously detects weapons and explosives, among other contraband. The solution was deployed for a simulated emergency preparedness drill legislated by Land Transport Authority and constituting rail operators at the HarbourFront Station in Singapore.
Key market players are focusing on gaining technological expertise and enhancing their attractiveness in the concealed weapon detection market by acquiring and merging with other key participants in the global security screening technology market. This approach also enables the company to minimize competition on both regional as well as global levels.
For instance, In May 2020, Leidos completed the acquisition of the security detection and automation division of L3Harris Technologies, Inc. This acquisition helped Leidos strengthen its airport screening and critical infrastructure screening product portfolio, among other industrial automation products like automated tray returning systems.
More Valuable Insights on Concealed Weapon Detection Market
FMI’s research on the global concealed weapon detection systems market is segmented into three major segments. By product, the global concealed weapon detection systems market is segmented into millimeter wave body scanners, X-ray body scanners and terahertz body scanners. Millimeter wave body scanners are further segregated into active millimeter wave body scanners and passive millimeter wave body scanners, while X-ray body scanners are further segmented into backscatter X-ray scanners and transmission X-ray scanners.
With respect to type, the global concealed weapon detection systems market is segregated into stationary and mobile. With regards to application, the global concealed weapon detection systems market has been segmented into transportation infrastructure, correctional facilities, stadiums and sports arenas, and military and defense, among others. The extensive segregation of the market helps readers evaluate lucrative opportunities in the global concealed weapon detection systems market.
About Technology Division at Future Market Insights
The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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