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The explosive detection equipment market size is forecast to increase by USD 2.68 billion and is estimated to grow at a CAGR of 7.08% between 2023 and 2028. The market is experiencing significant growth, driven by the increase in passenger traffic at airports and other public transportation hubs. This trend necessitates the deployment of advanced EDE systems to ensure security and prevent potential threats. A key market trend is the emergence of laser spectroscopy detection technology, which offers high accuracy and sensitivity in detecting explosives. However, the market faces challenges, including confidence breaches due to the sale of counterfeit products. These issues call for stringent regulations and certification processes to maintain the integrity of the market and ensure the safety and security of the public. The market is expected to continue its growth trajectory, fueled by technological advancements and the evolving threat landscape.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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