Contraband Detector Market

L3 Technologies (US) and Smiths Group (UK) are leading players in Contraband Detector Market

The global contraband detector market is projected to grow from USD 3.9 billion in 2019 to USD 5.4 billion by 2024, at a CAGR of 6.7%. Major factors driving the growth of the contraband detector market are the rising security concerns due to rapid urbanization, the growing importance of security in the aviation & retail industries, and increasing government investments for improvement of existing transit facilities & construction of new transit locations, especially airports.

Major players in the contraband detector market include L3 Technologies (US), OSI Systems (US), Smiths Group (UK), NUCTECH (China), Magal Security Systems (Israel), Metrasens (UK), ADANI Systems (UK), Godrej Security Solutions (India), CEIA (Italy), and Berkeley Varitronics Systems (US). These players have adopted various strategies, such as agreements, collaboration, partnerships, acquisitions, and product launches, to expand their presence in the global contraband detector market further. Product launches & developments and contracts have been the most widely implemented strategies adopted by key players from 2016 to 2019, which helped them strengthen their product portfolio and broaden their customer base.

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L3 Technologies (US) is ranked first in the contraband detector market in 2018. Founded in 1997 and headquartered in New York, US, the company is a prime contractor in intelligence, surveillance, & reconnaissance (ISR) systems that are used across the sea, land, airborne, space, and cyber domains. The company also develops advanced defense technologies and commercial solutions in pilot training, aviation security (including modifications, logistics, and maintenance), night vision weapons, and maritime systems. Additionally, L3 is a leading provider of a broad range of communications and network systems and electronic systems. Most of the solutions to detect contraband and threat substances are provided in the Security & Detection Systems (SDS) segment. Under this segment, the company offers integrated security solutions for airports, ports, border crossings, and other critical infrastructures. Airport security screening solutions, explosive detection systems, whole-body scanning systems, as well as non-intrusive systems for threat, and contraband detector are the main products offered under the SDS business division. In June 2018, L3 launched the CV 2 software solution at the World Customs Organization’s (WCO) IT Conference & Exhibition, Peru. CV 2 is an intelligent platform that not only integrates inspection technologies but also manifests and advances information databases and security systems at points of entry to transform customs enforcement and revenue collection operations.

Smiths Group PLC (UK) was the second-largest company in the contraband detector market in 2018. Founded in 1851 and headquartered in London, UK, Smiths Group offers a variety of detection, screening, and inspection solutions. The company operates in five major divisions: John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek. Through its Smith Detection division, the company offers sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband. Through its Smith Detection division, the company offers sensors and systems that detect and identify explosives, narcotics, weapons, chemical agents, biohazards, and contraband. Smiths offers its security solutions for the aviation, port and borders, urban security, and defense markets. In June 2018, Smiths Detection started new product development with the Department of Defense to further refine the performance of the Chemical Explosives Detector (CED) Adapter for use with the M4A1 Joint Chemical Agent Detector (JCAD).

Related Reports:

Contraband Detector Market by Technology (X-ray, Metal Detection, Spectrometry & Spectroscopy), Screening (People, Baggage & Cargo), Deployment (Fixed, Portable), Application (Transportation, Government, Retail), and Region - Global Forecast to 2024

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Report Code
SE 7243
RI Published ON
7/18/2019
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