The explosives detection and weapon detection market will grow at a CAGR of 20.2% in 2015-2020, a 5-fold hike from the 3.9% CAGR during 2000-2015. Europe is facing a surge of ISIS-inspired explosives and weapon borne terror attacks and threats representing challenges with a far greater reach than their economic ones. This issue impacts airport security, stadium security, public transportation security and other safety measures in populated areas. This alarming situation shows no signs of declining. Europeans are experiencing a new disturbing reality in which explosives and weapon borne terror is their "new normal". An increase in orders for weapon and explosives detection products had already commenced after the November 2015 Paris carnage (e.g., France manufacturers of weapon detectors reported a 300% sales hike after the Paris carnage).
Based on 6 months of the "Europe’s Terror & Migration Crisis Series" research, and over 110 face-to-face interviews and analyses, we forecast that the 2015-2020 market will grow at a CAGR of 20.2%, a 5-fold hike from the 3.9% CAGR during 2000-2015. Such a growth rate has not been seen in the European market since the 2002-2008 years, following 9/11.
The "European Explosives & Weapons Detection Technologies Market Forecast – 2017-2022" report + the bonus* "Global Homeland Security & Public Safety Industry – 2016 Edition" report are the only comprehensive reviews of the market available today. The objective of this study is to provide a detailed, time-sensitive and reasoned intelligence report.