Market Share of Explosive Trace Detection Industry
The explosive trace detection market is fragmented in nature with the presence of several global and local players holding significant shares in the explosive trace detection market. Some prominent market players are Teledyne FLIR LLC, OSI Systems Inc., Leidos, Smiths Detection Group Ltd., and Analogic Corporation. Several players are involved in the design and development of advanced explosive trace detectors that are capable of detecting minute explosive particles.
Furthermore, the growing focus of ETD OEMs on business expansion through contracts, mergers and acquisitions, and agreements drive market growth. For instance, in April 2021, The Indian Institute of Technology (IIT)- in Bombay incubated NanoSniff Technologies developed the world's first micro-sensor-based explosive trace detector (ETD). It can detect explosives in less than 10 seconds and also identifies and categorizes explosives into different classes. It can detect all classes of conventional, military, and homemade explosives.
Explosive Trace Detection Market Leaders
Teledyne FLIR LLC
OSI Systems, Inc.
Leidos
Smiths Detection Group Ltd.
Analogic Corporation
*Disclaimer: Major Players sorted in no particular order
