Semiconductor

  The global contraband detectors market is witnessing a steady rise. Contraband detectors complement other measures to improve security and control criminal activities inside and outside of the facilities. The market growth attributes to stringent government regulations to minimize rising criminal activities by detecting hidden items, such as currency, drugs, explosives, and weapons. With the changing requirements of technical & functional specifications for border monitoring equipment, the market is projected to witness increasing traction worldwide in the years to come. In this regard, Market Research Future (MRFR) states that the global  Contraband Detectors Market Size  is expected to garner revenues of USD 6.2 billion by 2027, registering a 5.83% CAGR during the forecast period (2020-2027). Additional factors bolstering the contraband detectors industry include the widespread awareness about safety and the rising use of fire detection systems across end-use indu...

  Market Analysis The contraband detectors market will touch USD 6.2 billion at a 5.83% CAGR in the forecast period (2020 2027), states the latest Market Research Future (MRFR) report. Drivers Increasing Extremist Activities to Boost Market Growth Growing concerns regarding security devices owing to rise in extremist activities coupled with fast-growing urbanization will boost the contraband detectors market growth in the forecast period. Due to increasing extremist incidents includes significant loss of life and property, governments across the globe are making huge investments in advanced contraband detector systems. Opportunities Growing Adoption in Retail and Transportation to offer Lucrative Opportunities The growing adoption of contraband detection technology in retail and transportation applications may offer robust opportunities for the  Contraband Detectors Market  in the forecast period. Key Players Leading players profiled in the global contraband detectors mar...