Research Overview
Threat Perception Accelerates Adoption of Explosive Detection Systems
The 9/11 attacks have changed the dynamics of the explosive detection systems
(EDS) market across the globe. From a niche market poised for growth, it has
become a booming industry fueled by threat perceptions and the on-going efforts
to contain terrorism. Terrorists, functioning independently of nations, instill
immense fear and apprehension in civilians and governments alike with their
technical knowledge about explosives.
This Frost & Sullivan study on the U.S. EDS market analyzes the defense
and security segments for comprehensive information on growth opportunities,
vital trends, and includes strategic conclusions. The analysis also looks at
market restraints and drivers to enable participants in the EDS markets to plan
effectively.
Increased Security Expenditure Helps Ensure Civilian Security
Basic explosives do not require extensive technical knowledge and can be
created with materials commonly available in the United States ? Making
importation redundant. This heightens the threat posed by explosives to civilian
safety.
"Governments have increased efforts toward annihilating this threat
perception and raising security measures to ensure maximum civilian
protection," says the analyst of this research. "For instance, airline
security was greatly expanded when the Congress mandated all checked luggage be
screened for explosives before December 31, 2002, which was effectively
met."
Technical Innovations Key to Enhanced Market Growth
With pressure for increasing security measures mounting, authorities are
seeking innovative and technically enhanced products. Rising awareness levels
are also benefiting the industry by bringing in new money for research,
development, testing, and evaluation. "Once the Department of Defense (DoD)
recognizes a problem, the trickle-down of fresh money and ideas and an expanding
government market in general should have a positive effect upon the entire
market," says the analyst. "This will benefit the EDS segment by
lowering costs and improving technical quality by inventing speedier and
sensitive equipment with reduced chances of false alarms."
Frost & Sullivan Growth Partnership Service
Based on extensive and in-depth research, real-world consulting work, and new
theories tested in hundreds of companies across many industries, Frost &
Sullivan has evolved its Growth Partnership Services (GPS) program that provides
established and emerging firms with powerful growth visions. Moving beyond token
mission statements, GPS provides an actionable vision to growth consulting
partners by illustrating how key intelligence and strategic research based on
defined goals can guide day-to-day behavior and overall company direction. The
foundation of Frost & Sullivans GPS includes:
- Assisting companies to reach their full potential in the core business
- Providing growth strategies to help companies expand into related
businesses
- Preemptively redefining the core business during market turbulence
- Applying the Frost & Sullivan framework to identify and address common
mistakes resulting from misaligned corporate strategies
- Recommending growth management strategies through continuous partnership
To maximize the potential for growth within a firms internal and external
environment, Frost & Sullivan consultants can facilitate the creation of
strategic programs that deliver improved market success. Frost &
Sullivans strengths lie in combining strategic understanding with market
expertise and applying these with absolute commitment to its clients growth. | 
View Cart
