Contraband Detector Market

Market Leadership - Contraband Detector Market

The global contraband detector market size is projected to grow from USD 3.9 billion in 2021 to USD 5.6 billion by 2026, at a CAGR of 7.5%. The market was declined  in 2020, mainly due to the impact of COVID-19. The supply chain disruption caused by the pandemic is expected to affect the market significantly. Also, due to lockdown restrictions, companies were not able to source the required labor for their operations due to travel restrictions.

Though the market is impacted in 2020, it is expected to fully recover by 2021. The increasing need for security due to rapid urbanization and rise in terrorist attacks is the key factor driving the growth of the contraband detector market. Also, the growing use of contraband detectors in transportation and retail applications is likely to boost market growth.

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Leidos ( US), OSI Systems (US), Smiths Group (UK), Nuctech Company Limited (China), Metrasens( UK), ADANI (US), Costruzioni Elettroniche Industriali Automatismi C.E.I.A. (Italy), Berkeley Varitronics Systems, (US), Godrej Security Solutions (India), Campbell/Harris Security Equipment Company (US), Garrett Metal Detectors. (US), PKI Electronic Intelligence (Germany), Vidisco (Israel), Global Security Solutions (Canada), Astrophysics (US), Autoclear (US), Gilardoni (Italy), Aventura Technologies (US), and Ranger Security Detectors (US) are the key players in the contraband detector market.

The contraband detector market is consolidated, owing to the presence of several players. Key strategies adopted by these players to expand their product portfolio, increase their market share, and expand their presence in the market are deals and product launches. Many market players adopted product launches and deals as their primary business strategies. For instance, in June 2020, Rapiscan System acquired an artificial intelligence platform from Synapse Corporation to enhance its ability to detect threats and prohibited items using advanced deep learning techniques and computer vision. The players adopted a product launch strategy to expand their offerings. For instance, in September 2020, Smiths Detection, a division of Smiths Group PLC, announced its newest X-Ray inspection system HI-SCAN 5030 C, which is specifically designed for versatile commercial security operations. The compact size and lightweight features of the solution enable it to seamlessly fit into checkpoints and mailrooms.

Smiths Group offers a variety of detection, screening, and inspection solutions. The company operates through four major divisions: John Crane, Smiths Detection, Smiths Interconnect, and Flex-Tek. Through its Smith Detection division, the company has gained a global position in threat detection and security screening technologies. The company offers sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband. The company also specializes in integrated solutions for checkpoints, hold baggage, and air cargo. It offers its security solutions for the aviation, port and borders, urban security, and defense markets. Smiths Group has worked toward building an extensive global distribution network for the sale of its contraband detectors solutions. This has helped the company to expand its contraband detectors offerings to the transportation, government and industrial markets in the last few years.

OSI Systems offers a wide range of products in the contraband detector market. The company operates through three major segments: Security, Optoelectronics and Manufacturing, and Healthcare. Under the Security segment, the company offers security and inspection systems for turnkey security screening operations, and integrated solutions, along with their maintenance services, across the world. All these products are sold under the Rapiscan Systems and American Science and Engineering (AS&E) brands. These products utilize several inspection technologies and advanced threat identification algorithms for baggage and parcel inspection, cargo and vehicle inspection hold baggage and people screening, radiation detection, and explosive and narcotics trace detection. The company caters to diverse application areas including homeland security, military, and aerospace. The company serves a large and growing worldwide customer base through an extensive distributor network and global operations across different continents.

Related Reports:

Contraband Detector Market with COVID-19 Impact Analysis by Technology (X-ray,Metal,Spectroscopy), Screening Type (People, Baggage&Cargo, Vehicle),Deployment Type (Fixed,Portable), Application and Regio - Global Forecast to 2026

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Report Code
SE 7243
RI Published ON
5/31/2021
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