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Contraband Detector Market Size

Report ID: GMI8109 Published Date: February 2024Report Format: PDF
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Contraband Detector Market Size

Contraband Detector Market size was valued at USD 4.5 billion in 2023 and is estimated to register a CAGR of over 8% between 2024 and 2032. Rising security concerns due to terrorism, smuggling, and illegal immigration have led governments & private entities to invest in advanced contraband detection technologies. The need to secure borders, airports, seaports, and public spaces from illicit materials & activities is a major factor driving the demand for contraband detectors.

 

Contraband Detector Market

For instance, in January 2023, the Airport Authority of India purchased 219 X-ray machines for use in 70 government airports across India. These X-ray machines provide a dual view of the scanned luggage, increasing the possibility of identifying contraband inside the bags. It also offers both vertical and horizontal views of the screened luggage at the same time.

The increase in global trade and international travel has heightened the risk of contraband smuggling through commercial shipments and personal luggage. As global trade volumes grow, so does the need to secure shipping and logistics chains against the smuggling of illegal goods, fueling the adoption of contraband detection technologies in cargo & freight sectors. This necessitates more rigorous and widespread screening processes, contributing to the contraband detector market growth.

The upfront cost of purchasing and installing contraband detection equipment can be substantial. This initial investment is a significant barrier, particularly for smaller organizations, government agencies with limited budgets, or institutions in developing regions. The high capital expenditure required can deter potential buyers from investing in advanced detection systems. Beyond the initial purchase, ongoing maintenance costs also add to the financial burden of owning contraband detection equipment.

Maintenance expenses include regular calibration, software updates, repairs, and replacement of parts, all of which contribute to the total cost of ownership over the equipment's lifespan. These ongoing costs can strain the budgets of organizations, especially if they are not adequately prepared for them.

Author: Suraj Gujar , Deeksha Vishwakarma
Frequently Asked Question(FAQ) :

What is the size of the contraband detector market?+

The market size of contraband detector reached USD 4.5 billion in 2023 and is set to record substantial growth at over 8% CAGR from 2024 to 2032, propelled by the rising security concerns due to terrorism, smuggling, and illegal immigration, spurring investments from governments & private entities in advanced contraband detection technologies.

How big is North America contraband detector industry?+

North America market held over 30% of the revenue share in 2023, driven by the significant trade volume and economic activity including busy ports of entry & extensive commercial trade routes, surging the demand for robust security measures to prevent contraband smuggling in the region.

Why is the demand for X-ray imaging technology for contraband detection increasing?+

X-ray imaging segment accounted for more than 30% of the market share in 2023, owing to the surging global trade volumes and the exponential growth of e-commerce.

Who are the leading players operating in the contraband detector market?+

Some of the top firms engaged in the market are Leidos Holdings, Inc., OSI Systems, Inc., Smiths Group PLC, Nuctech Company Limited, Metrasens Inc., Adani Systems, Inc., and CEIA SpA.

Contraband Detector Market Scope

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