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Smiths Detection Group Ltd. and L3Harris Technologies hold a significant share of over 15% in the market. Both companies are well known for their proficiency in developing cutting-edge detecting technology. While L3Harris Technologies provides a broad range of detection and security solutions, including technologies like radiation detection and chemical sensors, Smiths Detection Group Ltd. specializes in a variety of detection solutions, including X-ray systems, trace detectors, and mass spectrometry.
Both companies have a strong global presence with established distribution networks and partnerships worldwide. They have a broad market reach, servicing customers from different regions and industries, which contributes to their large market share.
Major companies operating in the explosive detectors industry are:
Smiths Detection Group Ltd, L3Harris Technologies, Rapiscan Systems, Leidos Holdings, Inc, Teledyne FLIR LLC, Thermo Fisher Scientific Inc, and Chemring Group PLC among others.
North America market held over 30% share in 2023, owing to increased security concerns.
The trace detector segment accounted for over 60% share in 2023, attributed to its applications across the industries.
The market size of explosive detectors reached USD 8.95 billion in 2023 and is set to witness 12% CAGR between 2024 and 2032, owing to rising frequency of terrorist attacks.