Trace Chemical Detector Market Analysis: Global Expected to Grow at a CAGR of 6.1%

The increasing number of airports and the increasing number of passengers on a daily basis in almost all regions of the world. With increasing growth in the aviation sector, there is a high risk of drug trafficking and threats from terrorist organisations. There is a growing concern about passenger safety and to stop illicit drug trafficking, and there is a high demand for trace chemical detectors. Furthermore, with increasing emphasis on anti-terrorism activities, many countries are deploying chemical and explosive detection systems across all public places, such as airports, city transport lines, nationally important government facilities, and research centres.

Furthermore, miniaturization of a trace chemical detector is driving the market demand. Portable and handheld devices launched by major market players have great potential to increase their market demand. It can be incorporated into a mobile or stationary detection platform that can be further used as a point-source detector or as a remote (stand-off) detector. Both can be differentiated with its size, weight, portability, and logistical support requirements. These devices come at lower prices but, due to their limited operation, their growth is halted. On the contrary, new technological developments with an ultra-sensitive and wide range expected to increase the market during the forecast period. Overall, the global market for trace chemical detectors was valued at US$1.93 billion in 2018 and is expected to grow at around 6.1% CAGR from 2019 to 2027.

The overall trace chemical detector market is slightly fragmented in nature and it is growing at moderate rate. However, technological advancement and launch of portable detectors is increasing its use in recent years.

Regional Analysis

“North America the largest & Asia Pacific, the fastest market”

North American region has a highly developed chemical, and pharmaceutical industry. The U.S. is the major market for TCD, as high demand is coming from its security and defense sector. Further, a large number of airports present in the region along with its tight security protocols has high demand from homeland security, airport security, and other important government premises. In 2018, the North American region has captured over 40% share of the global trace chemical detector market.

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Furthermore, the U.S. has the biggest oil refinery capacity with over 18.8 million barrels per calendar day of refining capacity as of January 2019 and the oil boom of the North America and presence of major chemical companies such as DuPont, Linde plc., Air Liquide, BASF SE, the region has a high demand for TCD. Additionally, Asia Pacific has shown the great potential of growth in 2018. The regional countries like China and India showing high growth in its chemical, pharmaceutical, healthcare, and defense industries owing to its growing economy. This, in turn, has a high demand for TCD, thereby growing its share in the global trace chemical detector market.

Industrial Developments

  • In November 2019, FLIR® Systems, Inc. launched FLIR Fido® X4, a handheld explosives trace detector. It has higher sensitivity and can detect broad range of explosives at nanogram to sub-nanogram levels in much less time of 10 seconds only.
  • In November 2019, IDenta Corp. announced the launch of its new product — TANKER, an explosives detector and indentification.
  • In October 2019, ACS Sensors has published in its article that black silicon based ultrasensitive detector can detect trace amount of explosives and highly toxic pollutants that found in medical and forensic labs.

Key Market Movements:

  • Globally, the trace chemical detector market is growing at a CAGR of 6.1% for the period from 2019 to 2027.
    • Based on product type, the trace chemical detector market is segmented into benchtop and portable TCD. Ease of handling and less expensiveness of portable TCD has high demand in the market.
    • Based on end-use, security & defense segment captured the major share of the market in 2018 and is expected to retain its growth rate during the forecast period.

List of Companies Covered:

  • ABB
  • Siemens
  • FLIR® Systems, Inc.
  • Smiths Detection Group Ltd.
  • RIGAKU CORPORATION
  • TeknoScan Systems
  • AMETEK Inc.
  • Rapiscan Systems
  • Bruker
  • Nuctech Company Limited

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