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Explosive Detection Equipment Market to Grow by USD 2.68 Billion (2024-2028), with AI Revolutionizing the Landscape and Rising Passenger Traffic Driving Demand – Technavio

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NEW YORK, Oct. 15, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global explosive detection equipment market size is estimated to grow by USD 2.68 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 7.08%  during the forecast period. Increase in passenger traffic is driving market growth, with a trend towards emergence of laser spectroscopy detection technology. However, confidence breach due to the sale of counterfeit products  poses a challenge. Key market players include Agilent Technologies Inc., Analogic Corp., Autoclear LLC, BAE Systems Plc, Chemring Group Plc, DetectaChem Inc., iSENTECH, Kromek Group Plc, L3Harris Technologies Inc., LASER DETECT SYSTEM LLC, Leidos Holdings Inc., Morphix Technologies, Novatest Srl, OSI Systems Inc., Security Electronic Equipment Co. Ltd., Smiths Detection Group Ltd., Suzhou Aoteng Electron Technology Co. Ltd., Teledyne FLIR LLC, and Westminster Group Plc.

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Explosive Detection Equipment Market Scope

Report Coverage

Details

Base year

2023

Historic period

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.08%

Market growth 2024-2028

USD 2678.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.49

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 38%

Key countries

US, China, India, France, and UK

Key companies profiled

Agilent Technologies Inc., Analogic Corp., Autoclear LLC, BAE Systems Plc, Chemring Group Plc, DetectaChem Inc., iSENTECH, Kromek Group Plc, L3Harris Technologies Inc., LASER DETECT SYSTEM LLC, Leidos Holdings Inc., Morphix Technologies, Novatest Srl, OSI Systems Inc., Security Electronic Equipment Co. Ltd., Smiths Detection Group Ltd., Suzhou Aoteng Electron Technology Co. Ltd., Teledyne FLIR LLC, and Westminster Group Plc

Market Driver

Laser Detect Systems (LDS) of Israel has introduced a revolutionary explosive detection technology using laser spectroscopy. This portable solution can detect various materials, including explosives, narcotics, chemicals, biological substances, and minerals, through standoff or trace methods, eliminating the need for sampling. The technology integrates multiple spectral analysis and data fusion tools with real-time data collected via a laser beam. It can identify individually manufactured materials, leading to their production source, enhancing source tracking. Background noise, such as black pepper saturation, is eliminated, increasing reliability. This technology’s versatility and effectiveness will significantly contribute to the growth of the global explosive detection equipment market during the forecast period. 

The Explosive Detection Equipment (EDE) market is experiencing significant growth due to increasing threats from terrorists and other anti-social elements. Fixed systems and robotics are trending in this market for their ability to detect bulk explosives in public places. Safety is a top priority, and EDEs are essential for detecting nitroaromatics, nitrate esters, nitramines, inorganic nitrates, chlorates, and peroxides in military equipment, IEDs, homemade bombs, and conventional military force. LCD/LED screens and LED indicator lights provide real-time results, while Li-Ion batteries ensure uninterrupted operation. EDEs are used to detect explosives in war zones, territorial disputes, and defense and security applications. OSI Systems’ Spaser technology and graphene sensors are innovative solutions for detecting TNT, radiological components, chemical components, and biological components in ports, airports, and border control points. 

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Market Challenges

The explosive detection equipment market has faced scrutiny due to the sale of counterfeit devices to defense agencies in the Middle East and APAC. These faulty detectors, such as the ADE 651 handheld device produced by ATSC in the UK, have led to tragic consequences, including the loss of innocent lives and significant property damage. The reliability of handheld explosive detection devices has been questioned, leading governments to hesitate in purchasing from foreign vendors. This reluctance has negatively impacted the global supply chain and reduced the number of market contracts, thereby limiting growth opportunities for the explosive detection equipment market during the forecast period.The Explosive Detection Equipment (EDE) market faces significant challenges due to the increasing use of chlorates and peroxides in Improvised Explosive Devices (IEDs) by terrorists and militant groups. Military equipment is also a concern, as territorial disputes can lead to the deployment of conventional military force, increasing the risk of encountering explosives. IEDs come in various forms, including roadside bombs, large-vehicle borne IEDs, aerial bombs, and homemade bombs made from fertilizers, TNT, and radiological, chemical, or biological components. EDEs are essential for securing ports, airports, border control points, and public spaces. New technologies like Spaser, graphene, and portable X-rays are being developed to improve EDE capabilities. OSI Systems, laser spectroscopy, thermal neutron activation, artificial intelligence, ground penetration radar, vehicle-mounted devices, and flammable materials detection are key areas of focus. Defense spending and transportation, including aviation, remain significant markets for EDEs.

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Segment Overview 

This explosive detection equipment market report extensively covers market segmentation by  

Type 1.1 Hand-held detectors1.2 Ground-mounted screeners1.3 Vehicle-mounted mobile detectorsGeography 2.1 North America2.2 APAC2.3 Europe2.4 Middle East and Africa2.5 South America

1.1 Hand-held detectors-  The Explosive Detection Equipment (EDE) market is experiencing significant growth due to heightened security concerns worldwide. Governments and businesses invest heavily in EDE to ensure safety. Advanced technologies like X-ray systems, metal detectors, and trace detection equipment are driving market expansion. Manufacturers focus on innovation to improve accuracy and efficiency. The market is expected to continue growing, driven by increasing demand for reliable and effective EDE solutions.

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Research Analysis

The Explosive Detection Equipment (EDE) market encompasses a range of technologies designed to detect and identify explosive materials in various sectors. Portable X-ray devices, thermal neutron activation analyzers, and laser spectroscopy are among the advanced technologies used for explosive detection. The growing threat of terrorism has led to a significant increase in demand for EDE in transportation and aviation sectors. Military applications are also a major market for EDE, particularly for vehicle-mounted devices and robotics. EDE is used to detect flammable materials in public spaces, including LCD/LED screen monitors and bulk detection systems. Other technologies include handheld detectors, Spaser, and graphene-based sensors. EDE is essential in securing ports, airports, border control points, and other critical infrastructure from potential threats.

Market Research Overview

The Explosive Detection Equipment (EDE) market encompasses a range of technologies designed to identify and neutralize explosive threats in various sectors. Portable X-ray machines, laser spectroscopy, thermal neutron activation, and ground penetration radar are among the key technologies used for explosive detection. The market is driven by the heightened threat of terrorism, with a focus on transportation and aviation security. Military applications and law enforcement agencies also utilize EDE for defense spending and safety in public spaces. Laser spectroscopy and thermal neutron activation are non-destructive testing methods used for detecting explosives. Robotics and vehicle-mounted devices are used for bomb disposal and bulk detection in public places. Flammable materials, nitroaromatics, nitrate esters, nitramines, chlorates, and peroxides are common explosive components. EDE also includes Li-Ion batteries, LCD/LED screens, and LED indicator lights for user-friendly operation. EDE is essential for detecting IEDs, homemade bombs, and other explosive threats in public places, military equipment, and defense and security applications. War and terrorist activities, as well as anti-social activities, are major drivers of the market. EDE technologies are also used for detecting radiological and chemical components in explosives. Ongoing research in artificial intelligence, Spaser, and graphene is expected to advance the capabilities of EDE in the future. Ports, airports, and border control points are critical infrastructure that require advanced EDE systems for security. The market for EDE is expected to grow significantly due to the increasing demand for safety and security in public places and transportation. The use of EDE in defense and security applications, including military equipment and territorial disputes, is also expected to drive market growth.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeHand-held DetectorsGround-mounted ScreenersVehicle-mounted Mobile DetectorsGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Tata Elxsi Launches Coalesce: An Innovative XR Platform for Digital Twins and Remote 3D Collaboration powered by the Snapdragon Spaces XR Platform

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SAN DIEGO and BENGALURU, India, Oct. 16, 2024 /PRNewswire/ — Tata Elxsi, the leading global design and technology services company, announced the launch of Coalesce powered by the Snapdragon Spaces™ XR Platform (Snapdragon Spaces XR Developer Platform | Snapdragon Spaces [qualcomm.com]) from Qualcomm Technologies, Inc. Coalesce is an XR-based immersive collaboration solution that brings together spatial computing, digital twins and simulations. It facilitates reviews of product models and supports collaboration features for sharing text/audio comments, notes, and screen recordings with globally dispersed teams, including a 360-degree review for immersive interaction.

The Snapdragon Spaces XR platform is paving the way to a new frontier of spatial computing. The platform is empowering the creation of immersive experiences for XR devices that enable a multitude of enterprise use cases, for transformative spatial computing experiences.

Tata Elxsi’s Coalesce is a device-agnostic and web-based XR solution on the Snapdragon Spaces platform. This solution uses a wide range of built-in tools, enables effortless navigation through intuitive controls and gestures, and integrates advanced features for functional customisation. With cloud-integrated CMS and Gen AI integration, Coalesce delivers value to industries such as Automotive, Manufacturing, Rail, and High-Tech, blending domain expertise with digital innovation.

Unlike most XR platforms, Coalesce supports seamless, interactive design reviews with any VR device, using a custom UI. The platform is designed primarily for product design reviews like CAD but can also be used for training purposes across various sectors. For instance, Coalesce allows virtual walkthroughs of manufacturing processes for stakeholder collaboration and accelerates automotive design reviews, reducing the need for physical prototypes.

Aditya S Chikodi, Vice President & Head – Industrial Design, Engineering, & XR, said, “Product design and engineering are taking a leap forward with augmented virtual reality and spatial computing. Coalesce introduces a revolutionary approach to digital twins and performance simulation, pushing the boundaries of XR in the product development process.”

Per Neilson, Senior Director, Product Management at Qualcomm Technologies, Inc., added, “Tata Elxsi is working to bring the Coalesce platform to market, empowering industries and executive workforce to collaborate and make real-time decisions in product design and enterprise simulated environments. We are excited to see this platform brought to Snapdragon Spaces.”

To see Coalesce in action, get in touch.

About Tata Elxsi

Tata Elxsi is a fully integrated global design and technology consultancy, creating innovative products, services and experiences to build brands and help businesses grow. It has a multi-disciplinary team of over 13,000 design researchers, strategists, product, UX/UI designers, technologists, and engineers. Tata Elxsi helps clients globally to bring new ideas and award-winning products and services to market. For over 30 years, we have been helping brands differentiate and win.

Tata Elxsi leverages its comprehensive AR/VR capabilities across various sectors, including engineering design and modelling, worker safety, medical training, and virtual showrooms. The company’s expertise in application development, platforms and devices, and service integration ensures robust support for dispersed teams. With advanced development processes and technologies such as AI/ML, GenAI, XR, Metaverse, Tata Elxsi offers end-to-end solutions and platforms to improve user engagement and experience, driving innovation and efficiency in spatial computing. For more information, visit www.tataelxsi.com

Snapdragon branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Snapdragon Spaces is a trademark or registered trademark of Qualcomm Incorporated.

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SOURCE Tata Elxsi

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From India to the World: Global Startups Club’s International Expansion to Begin in Dubai & Abu Dhabi

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MUMBAI, India, Oct. 16, 2024 /PRNewswire/ — Global Startups Club, one of India’s largest and most active communities for early-stage founders, entrepreneurs, and investors, is expanding into international markets. With a strong commitment to supporting these startups, Global Startups Club has become a valuable resource, hosting offline networking meetups that connect founders, investors, and entrepreneurs. Building on its success in India, the club is now focusing on global markets, marking a new chapter in its mission to promote entrepreneurial growth. The club has created a network of over 12,000 startup founders, including more than 250 venture capitalists and investors, and thousands of budding entrepreneurs.

Global Startups Club’s international journey starts with major meetups in Dubai & Abu Dhabi, UAE, on 19th and 20th October, in partnership with Bon Conseil. These events will bring together promising startups and influential investors from the region, providing a valuable space for sharing ideas and fostering connections. Drawing on its experience in India, Global Startups Club aims to create an environment where entrepreneurs can learn from each other and explore opportunities for growth.

After launching in the UAE, the club plans to start community building in Canada in November, the United States in partnership with Maulik Mehta of MaShCube – Crossborder Tax Solutions, and the United Kingdom in March in partnership with Gisela Lyshetti of Market Forever Global – Digital Marketing Agency. These locations were chosen to engage with different startup ecosystems and support early-stage businesses looking to grow internationally. Each offline experience will be tailored to meet the needs of startups in these areas, focusing on bringing together investors, mentors, and entrepreneurs to help them succeed.

With an already well-established presence in more than 12 cities across India, Global Startups Club has built a strong community that supports startup founders through meetings and collaborative opportunities. These interactions help startups gain valuable insights and develop partnerships that lead to their success. Cities like Bengaluru, Hyderabad, and Mumbai have become hubs for the club’s vibrant activities, bringing together the brightest minds in the entrepreneurial ecosystem.

The club’s summit in Chennai, scheduled for December 7th, 2024, highlights its strong presence in India. The summit is expected to attract over 450 delegates, including startup founders, investors, and industry leaders from across the country. It will feature engaging panel discussions, keynote speeches, and interactive sessions, creating a platform for sharing ideas and driving growth. As Global Startups Club continues to support startups, this important summit will spark discussions about the future of entrepreneurship in India and worldwide.

As part of its growth plan, Global Startups Club aims to expand to over 15 cities in six countries within the next year. This expansion will focus on key startup hubs worldwide, enabling the club to connect early-stage founders with global investors, mentors, and business opportunities. By encouraging collaborations across borders, the club aims to help startups grow and succeed internationally.

Global Startups Club’s international expansion is a significant step in the journey as a key player in the startup ecosystem. With a strong reputation in India and a strategic move to enter global markets, the club is setting new standards for how startup communities can thrive and make a difference. By focusing on building connections, creating funding opportunities, and supporting talent across borders, the club is not only expanding its reach but also strengthening the global startup community overall.

As the club ventures into international markets, the gatherings in Dubai, UAE; Vancouver, Canada on November 16th; and Seattle, USA on November 30th will lay the foundation for a global network that supports the growth and success of startups everywhere.

About Global Startups Club:

Global Startups Club powered by Mojo Capital is not just an event. It’s an experience that fosters collaboration, innovation, and growth. As a startup networking ecosystem , we pride ourselves on creating dynamic platforms where entrepreneurs, investors, and industry experts converge to build meaningful connections.

Global Startups Club go beyond casual introductions. Our events feature curated networking sessions, ensuring meaningful connections that can fuel your startup journey. We believe in pushing boundaries! Our events incorporate innovative networking formats, from speed dating sessions to interactive workshops, providing diverse opportunities to connect.

For more details and to stay updated on upcoming opportunities, visit Global Startups Club: https://www.globalstartups.club/globalstartupsclub.

Photo: https://mma.prnewswire.com/media/2531989/Global_Startups_Club.jpg

 

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Sony Acquires KinaTrax, Inc. to Expand Its Sports Data Business into Player Performance

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– Marking a new expansion into the biomechanics and player performance space –

TOKYO and BASINGSTOKE, United Kingdom, Oct. 16, 2024 /PRNewswire/ — Sony Corporation (“Sony”) today announced that Sony welcomed KinaTrax, Inc. (“KinaTrax”), a leader in research-grade markerless motion capture technology for sports that collects in-game biomechanical performance data on athletes, into Sony’s sports businesses through a recent acquisition.

Joining forces with Hawk-Eye Innovations Limited (“Hawk-Eye”), a Sony group company that forms an integral part of Sony’s sports businesses, KinaTrax will bring its trusted biomechanical and analytical expertise, as well as its markerless motion capture technology to Sony’s portfolio and is expected to further create synergy to maximize the use of sports data for athletes, teams, leagues and fans alike.

Hawk-Eye, Beyond Sports and Pulselive form the core foundation of Sony’s sports businesses, with a shared commitment to deliver best-in-class officiating, broadcast and digital solutions to the sports world around sports data technologies. Welcoming KinaTrax bolsters Sony’s capability to serve important use cases for sports data, such as analysis and biomechanics for coaching, scouting and athletes’ performance.

Rufus Hack, CEO of Hawk-Eye, Pulselive and Beyond Sports stated: “By welcoming KinaTrax into the family, we are excited to further expand our offering, under our mission of unlocking the power and emotion of sport through data. We are incredibly privileged to partner with an overwhelming majority of the top global sports leagues, and this acquisition allows us to broaden our proposition through new biomechanical insights in the critical and growing field of player performance.”

Steven Cadavid, President of KinaTrax also said: “We’re excited to become part of Sony and its sports businesses, and to bring our know-how to complement the powerful tech Hawk-Eye, Pulselive, and Beyond Sports have developed and are delivering today. The future of sports is in deeper data tracking and the creation of smarter insights through innovative technology. With Sony, by enhancing KinaTrax’s expertise in capturing and delivering biomechanical performance data, we aim to contribute to provide sports leagues, teams and players with the best insights to improve performance and pursue success.”

KinaTrax, Inc.

KinaTrax provides professional and collegiate teams with game-changing insights focusing on teams’ most valuable asset: their athletes. The company delivers research-grade markerless motion capture technology that allows teams to collect in-game biomechanical performance data. The camera systems are currently deployed in over 75 stadiums and labs across MLB, MiLB, and NCAA organizations, and are expanding into other sports leagues.

The comprehensive sets of tools for data capture and analysis are operationalized for daily use by players, GMs, coaches, trainers, medical staff, and researchers, providing value that goes beyond traditional scouting, training, and rostering.

About Sony Corporation
Sony Corporation is a wholly owned subsidiary of Sony Group Corporation and is responsible for the Entertainment, Technology & Services (ET&S) business. With the mission to “create the future of entertainment through the power of technology together with creators,” we aim to continue to deliver Kando* to people around the world. For more information, visit: http://www.sony.net/

*Kando is a Japanese word that roughly translates to the sense of awe and emotion you feel when experiencing something beautiful and amazing for the first time.

About Hawk-Eye Innovations Limited
Hawk-Eye has been at the forefront of sports officiating and broadcast enhancement technology since 2001. The world’s biggest sporting events trust Hawk-Eye to make the right call when it matters most.

Hawk-Eye’s vision-processing, video replay and creative graphic technologies make sport fairer, safer, more engaging and better informed. Hawk-Eye’s innovations are constantly changing the face of sports officiating, production, content management, and fan engagement in every sport.

Hawk-Eye forms a key part of Sony’s sports businesses with a shared mission to deliver best-in-class officiating, broadcast and digital solutions to the sports world.

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SOURCE Sony Corporation

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