In a recent published report, Kenneth Research has updated the market report for Explosives Detection System Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Explosives Detection System Market products.
The market research report by Kenneth Research on Explosives Detection System Market that has been analysed for the forecast period 2021 2025, includes a detailed segmentation of the market by SEGMENTS. The market research report predicts that the Explosives Detection System Market will grow at a significant CAGR during the forecast period, the growth being determined by growing trade on the value-added products and services in the aerospace & defense industry. According to the statistics by the Aerospace Industries Association (AIA), the aerospace and defense industry, in the United States, during the year 2018, generated a revenue worth USD 374 billion in value-added products and services.
Homeland Security Research Corporation analysts forecast a comeback for the Explosive Detection Systems (EDS) & Baggage Handling Systems (BHS) industry, generating a refreshing 4.2% CAGR for the 2014-2020 period. The growth will be boosted by 5 main drivers:
The Final Report will cover the impact analysis of COVID-19 on this industry:
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The expansion of the Asia Pacific aviation security markets
The replacement of outdated EDS systems
Expansion of new baggage handling systems facilities
Fast acceptance of tomographic coherent X-ray scattering EDS in premium security airports
Ever growing aftersale revenues
The “Tomographic Explosives Detection Systems EDS & BHS: Industry, Technologies & Global Market 2014-2020” report analyzes the following EDS markets:
Equipment sales
EDS installation market
Baggage Handling Systems market
Tomographic Explosives Detection Systems EDS & BHS: Industry, Technologies & Global Market
Premium Checked Luggage Screening Arrangement: Explosive Detection System (EDS), Baggage Handling System (BHS) and a X-Ray Diffraction System (Source: Morpho)
See also the latest version of this report
The Explosives Detection Market report, granulated into 27 sub-markets, offers for each sub-market 2011-2013 data and 2014-2020 forecasts and analyses. In 470 pages, 125 tables and 169 figures, the report analyzes and projects the 2011-2020 market and technologies from several perspectives, including:
National and regional markets (e.g., U.S., U.K., Germany, France, Saudi Arabia, China, India, Japan, Korea, Brazil)
Competitive environment: leading vendors and their products
Market analysis (e.g., market drivers / inhibitors, SWOT analysis)
Business environment (e.g., competitive analysis)
Current and pipeline technologies
Business opportunities and challenges
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