The Latin America Trace Detection Market size is estimated at USD 0.09 billion in 2024, and is expected to reach USD 0.12 billion by 2029, growing at a CAGR of 6.31% during the forecast period (2024-2029).
Latin America’s trace detection market is semi-consolidated, with several global and local players holding significant shares. Some prominent market players are Teledyne FLIR LLC, OSI Systems Inc., Leidos, Smiths Detection Group Ltd, and Analogic Corporation. Several players are involved in designing and developing advanced explosive trace detectors capable of detecting minute explosive particles.
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