Assessment of COVID-19's Effect on Threat Detection Systems Market 2020-2024 | Increasing Number of Terrorist Activities to Boost Growth | Technavio
Technavio has been monitoring the threat detection systems market and it is poised to grow by USD 68.36 billion 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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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Threat Detection Systems Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amazon.com (News - Alert) 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. To make the 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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The increasing number of terrorist activities have been instrumental in driving the growth of the market. However, the high cost of TDS might hamper market growth.
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. https://www.technavio.com/report/threat-detection-systems-market-industry-analysis
Threat Detetion Systems Market 2020-2024: Segmentation
Threat Detection Systems Market is segmented as below:
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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:
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.
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Threat Detection Systems Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Application
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