Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.84 Billion | USD 9.27 Billion | 5.90% | 2022 |
FrequentlyAsked Questions
Mass threat detection systems are products that find a spectrum of applications in subway stations and mass banquets.
The global mass threat detection system market growth is owing to strict government laws regulating the use of security equipment.
According to a study, the global mass threat detection system industry size was $5.84 billion in 2022 and is projected to reach $9.27 billion by the end of 2030.
The global mass threat detection system market is anticipated to record a CAGR of nearly 5.90% from 2023 to 2030.
The Asia-Pacific mass threat detection system industry is set to register the highest CAGR over the forecasting timeline owing to high-security concerns in the various countries of the Asia-Pacific zone. Apart from this, supportive government legislation, rising industrialization, and the need for protecting key assets of organizations will proliferate the regional industry expansion. The need for workplace safety and reducing potential risks in manufacturing units will prop up the industry landscape in the Asia-Pacific region.
The global mass threat detection system market is led by players such as Parsons Corporation, Honeywell Systems, Smith Group Plc, Rapiscan Systems, Siemens AG, Thales S.A., FLIR Systems, Inc., OSI Systems, Inc., Safran SA, Ameristar Perimeter Security, Aventura Technologies, Axis Communications AB, Avigilon, Lockheed Martin Corporation, Raytheon Company, Northrop Grumman Corporation, Anixter International, Chemring Group PLC, and Cobham Plc.
The mass threat detection system market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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