Global Threat Detection Systems Market to Reach $352.6 Billion by 2030
The global market for Threat Detection Systems estimated at US$151.7 Billion in the year 2023, is expected to reach US$352.6 Billion by 2030, growing at a CAGR of 12.8% over the analysis period 2023-2030. Explosive Detection Systems, one of the segments analyzed in the report, is expected to record a 13.9% CAGR and reach US$220.2 Billion by the end of the analysis period. Growth in the Radiological & Nuclear Detection Systems segment is estimated at 12.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $45.6 Billion, While China is Forecast to Grow at 11.7% CAGR
The Threat Detection Systems market in the U.S. is estimated at US$45.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$58.8 Billion by the year 2030 trailing a CAGR of 11.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.6% and 10.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.9% CAGR.
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