According to the report titled ‘Global Threat Detection Systems Market Size study, by Type (Explosive Detection, Radiological and Nuclear Detection, Chemical and Biological Detection, Narcotics Detection, Intrusion Detection) by Product/System (Explosive and Narcotics Detectors, Personal Radiation Detectors, Dosimeters, Survey Meters, Identifiers, Photo Ionization Detectors, Air Samplers, Chemical Agent Detectors, Biological Agent Detectors, Laser Systems, Radar Systems, Video Surveillance Systems, Perimeter Intrusion Detection Systems, Wideband Wireless Communication Systems, Biometric Systems) by Application(Defence, Public Infrastructures, Commercial, Industrial, Institutional, Residential) and Regional Forecasts 2021-2027’, available with Market Study Report, global threat detection systems market is anticipated to grow at 13.3% CAGR during 2021-2027.
 

Surging cross-border disputes leading to national security concerns, along with rising terrorist activities are the major factors that are driving the growth of global threat detection systems market. Moreover, dire need of surveillance at public gatherings and strict government instructions to set up security devices with automation adoption are further catalyzing the industry expansion.
 

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Notably, threat detection system is employed to spot various threats such as explosive materials, drugs, and prohibited substances. Rising attacks in order to gain unauthorized access to data has compelled many businesses to make cybersecurity mandatory. This factor, alongside integration of biometrics and robotics technologies with solution are expected to propel the demand. However, general incognizance, lack of control over terminal connectivity solutions as well as absence of secure boot are major challenges that ought to be addressed in this business sphere.

Based on type, the market is divided as radiological & nuclear detection, explosive detection, narcotics detection, chemical & biological detection, and intrusion detection. Speaking of application, the marketplace is divided into defense, public infrastructure, commercial, industrial, institutional, and residential.
 

In terms of product, worldwide threat detection systems industry is categorized into personal radiation detectors, explosive & narcotics detectors, survey meters, dosimeters, air samplers, identifiers, photo ionization detectors, biological agent detectors, chemical agent detectors, radar systems, perimeter intrusion detection systems, video surveillance systems, biometric systems, and wideband wireless communications systems.
 

Regionally, North America holds sizeable market share currently, pertaining to aggressive digital transformation with acceptance of cloud computing, smartphones, and analytics at inter and intra business level. Parallelly, Europe and Asia Pacific are poised to generate significant revenues for the industry sphere during the study period, due to rising demand for connectivity monitoring and management solutions among businesses.
 

The competitive scenario for global threat detection systems market is defined by companies namely, Chemring Group plc, Amazon.com Inc., Axis Communications AB, RAE Systems Inc., Mirion Technologies Inc., Teledyne FLIR LLC, Smiths Group plc, Safran S.A., Vectra AI Inc., and Thales Group.