Explosive Detectors Market - Forecast (2021 - 2026)
The market for Explosive Detector is forecast to reach $11.2 billion by 2026, growing at a CAGR of 8.3% from 2021 to 2026. The Explosive Detector Market is estimated to witness a sustainable growth over the forecast period majorly because of the different detecting features it offers in different industries. Explosive detectors are primarily used in military & defense sector typically through ground penetration radar and vehicle mounted devices. Explosive detectors are non-destructive inspection devices that are used to detect explosives and other flammable materials. Explosive detectors help users in detection of various explosive materials in solid, liquid as well as gaseous state. Explosive detectors are widely used in Aviation and Docks industry as well for security inspections. According to World Bank Reports, global expenditure on military was around $1.86 trillion in 2019 and has been increasing exponentially. This rise in investments done in military equipment has brought ...