Concealed Weapon Detection Systems Demand Increasing as so Does Security Concerns

FinancialNewsMedia.com News Commentary 

PALM BEACH, Fla., Nov. 1, 2022 /PRNewswire/ -- Concealed weapons detection systems are used in different public spaces in order to prevent human loss and protect people. Around the world, public protection has become a grave concern. Civic protection is one of the most prominent features required for citizens' safety. During the evaluation period, the use of concealed weapons detection systems in military and defense, transport infrastructure, stadium and sports arenas, correctional facilities, and others could invite promising growth prospects.  A report from Data Bridge Market Research projected that Concealed weapon detection systems market is expected to reach USD 289.06 million by 2028 witnessing market growth at a rate of 6.10% in the forecast period of 2021 to 2028.  The report said: "Increasing demand of security system in aviation industry, government sector, and commercial spaces such as educational institutes, banks, and shopping malls, rise of cross border terrorism and increasing number of terrorist outfits, increasing adoption of security screening, integration of high efficiency sensing solutions are some of the major as well as vital factors which will likely to augment the growth of the concealed weapon detection systems market in the projected timeframe of 2021-2028.   Active companies in the markets this week include Liberty Defense Holdings Ltd. (OTCQB:LDDFF) (TSXV:SCAN.VN), Patriot One Technologies (OTCQX:PTOTF) (TSX:PAT.TO), Evolv Technology (NASDAQ:EVLV), Knightscope, Inc. (NASDAQ:KSCP), Fortinet® (NASDAQ:FTNT).