COVID-19 Impact and Recovery Analysis | Threat Detection Systems Market 2020–2024 | Increasing Number of Terrorist Activities to Boost Growth | Technavio
Technavio has been monitoring the threat detection systems market and it is poised to grow by USD 68.36 billion during 2020–2024, progressing at a CAGR of over 13% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amazon.com Inc., Axis Communications AB, Chemring Group Plc, FLIR Systems Inc., Mirion Technologies Inc., RAE Systems Inc., Safran SA, Smiths Group Plc, Thales Group, and Vectra AI Inc. are some of the major market participants. The increasing number of terrorist activities will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The increasing number of terrorist activities has been instrumental in driving the growth of the market.
Threat Detection Systems Market 2020–2024: Segmentation
Threat Detection Systems Market is segmented as below:
- Application
- Geography
- Defense
- Commercial
- Industrial
- Public Infrastructure
- Residential
- North America
- Europe
- APAC
- MEA
- South America
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Threat Detection Systems Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our threat detection systems market report covers the following areas:
- Threat Detection Systems Market Size
- Threat Detection Systems Market Trends
- Threat Detection Systems Market Industry Analysis
This study identifies the growing demand for large-scale surveillance at public places as one of the prime reasons driving the threat detection systems market growth during the next few years.
Threat Detection Systems Market 2020–2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the threat detection systems market, including some of the vendors such as Amazon.com Inc., Axis Communications AB, Chemring Group Plc, FLIR Systems Inc., Mirion Technologies Inc., RAE Systems Inc., Safran SA, Smiths Group Plc, Thales Group, and Vectra AI Inc. Backed with competitive intelligence and benchmarking, our research reports on the threat detection systems market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
