Explosive Detectors Market Trace Detectors Segment is Expected to Grow at the Highest Rate – Forecast 2020
The Explosive Detectors Market size, in terms of value, is estimated to grow from USD 3.56 Billion in 2015 to USD 6.12 Billion by 2020, at a CAGR of 11.4% between 2015 and 2020. Although the market is currently dominated by the bulk detectors technology, the trace detectors segment is expected to grow at the highest rate during the forecast period. This report forecasts the market size and future growth potential of the explosive detectors market across different segments such as technology, product types, verticals, and region. The base year considered for the study is 2014 and the market size forecast is provided for the period between 2015 and 2020. The research methodology used to estimate and forecast the explosive detectors market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of...