LONDON--(BUSINESS WIRE)--Technavio has been monitoring the threat detection systems market and it is poised to grow by USD 68.36 bn 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.
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Frequently Asked Questions:
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What are the major trends in the market?
Growing demand for large-scale surveillance at public places is a major trend. -
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 12.26% and the incremental growth of the market is anticipated to be $ 68.36 billion. -
Who are the top players in the market?
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. -
What is the key market driver?
The increasing number of terrorist activities is driving the growth of the market. -
How big is the North America market?
The North America region will contribute 38% of the market share
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 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.
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Threat Detection Systems Market 2020-2024: Segmentation
Threat Detection Systems Market is segmented as below:
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Application
- Defense
- Commercial
- Industrial
- Public Infrastructure
- Residential.
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Geography
- 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. The 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.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Threat Detection Systems Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist threat detection systems market growth during the next five years
- Estimation of the threat detection systems market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the threat detection systems market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of threat detection systems market, vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Defense - Market size and forecast 2019-2024
- Commercial - Market size and forecast 2019-2024
- Industrial - Market size and forecast 2019-2024
- Public infrastructure - Market size and forecast 2019-2024
- Residential - Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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
- Vectra AI Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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