Threat Detection Systems Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Increasing Number of Terrorist Activities to Boost the Market Growth | Technavio

Technavio has announced its latest market research report titled Global Threat Detection Systems Market 2020-2024 (Graphic: Business Wire)

LONDON--()--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.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • 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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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Threat Detection Systems Market 2020-2024: Segmentation

Threat Detection Systems Market is segmented as below:

  • Application
    • Defense
    • Commercial
    • Industrial
    • Public Infrastructure
    • Residential.
  • 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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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/

Release Summary

The Global Threat Detection Systems Market will grow by USD 68.36 bn during 2020-2024

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/