Threat Detection Systems Market Size, Share, And Growth Report 2032

Threat Detection Systems Market: Size

The global Threat Detection Systems Market size was worth around USD 133.04 billion in 2023 and is predicted to grow to around USD 406.06 billion by 2032 with a compound annual growth rate (CAGR) of roughly 13.2% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Threat Detection Systems Market on a global and regional level.

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Threat Detection Systems Market: Overview

The threat detection systems market is expected to grow in the future, owing to the strict government regulations at various public places. The demand for security systems, such as closed alarm systems, circuit television (CCTV) systems, and access control systems, is on the rise to safeguard citizens against terrorism, theft, damage, and other such incidents. Furthermore, the rising investments made in public security systems are also fueling the threat detection systems market.

The rising number of terror attacks at commercial places has led manufacturers to develop technologically advanced security systems. Various commercial outlets, such as malls, cafes, and theaters, are focusing on using technically advanced systems to prevent any mishaps. In 2018, retail giant, Walmart, announced that it has tested facial recognition technology for its security systems. However, the high initial investment may have an adverse effect on this market’s growth. Alternatively, the adoption of biometrics security systems in consumer electronics is anticipated to open new growth avenues for the market in the upcoming years.

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Threat Detection Systems Market: Segmentation

The study provides a crucial view of the threat detection systems by segmenting it based on type, product, application, and region. All the segments of threat detection systems market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By type, the global threat detection systems market is fragmented into explosive detection, radiological and nuclear detection, narcotics detection, chemical and biological detection, intrusion detection, and others. The narcotics detection segment is projected to hold a substantial market share in the years ahead, owing to the rising product demand at airports and other transportation routes.

By product, the global threat detection systems market includes dosimeters, personal radiation detectors, photo ionization detectors, biological agent detectors, chemical agent detectors, radar systems, laser systems, video surveillance systems, wideband wireless communication systems, perimeter intrusion detection systems, biometric systems, and others. The video surveillance systems segment is expected to grow considerably in the future, owing to the increasing demand for surveillance cameras in developing economies of the Asia Pacific region. The application segment of the market comprises public infrastructure, residential, industrial, commercial, and defense.

Threat Detection Systems Market: Report Scope

Threat Detection Systems Market: Regional Analysis

The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe with further classification into the U.S., Canada, Mexico, UK, France, Germany, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Argentina, UAE, and South Africa. 

By region, Asia Pacific is estimated to hold a substantial share of the global threat detection systems market in the years ahead. India, South Korea, and China are anticipated to make notable contributions to this regional market, owing to the increasing awareness and rising adoption of security systems in commercial places. The North American threat detection systems market, being the most technically advanced region, is anticipated to grow significantly in the future, due to the presence of leading market organizations, such as RAE Systems, FLIR Systems, etc.

Threat Detection Systems Market: Competitive Players

Some noticeable players of the global threat detection systems market are:

• Smiths Group
• Safran
• Thales
• RAE Systems
• Flir Systems
• Mirion Technologies
• Rapiscan Systems
• AXIS Communications
• Chemring Group
• Chemimage Corporation

The Global Threat Detection Systems Market is segmented as follows:

Global Threat Detection Systems Market: Type Analysis

• Explosive Detection
• Radiological and Nuclear Detection
• Narcotics Detection
• Chemical and Biological Detection
• Intrusion Detection
• Others

Global Threat Detection Systems Market: Product Analysis

• Personal Radiation Detectors
• Dosimeters
• Photo Ionization Detectors
• Chemical Agent Detectors
• Biological Agent Detectors
• Laser Systems
• Radar Systems
• Video Surveillance Systems
• Perimeter Intrusion Detection Systems
• Wideband Wireless Communication Systems
• Biometric Systems
• Others

Global Threat Detection Systems Market: Application Analysis

• Defense
• Public Infrastructure
• Commercial
• Industrial
• Residential

Global Threat Detection Systems Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa