Threat Detection A $7.5 Billion Opportunity
Airports, train and metro stations, borders, sporting and tourist attractions, and other events that attract large crowds are always susceptible to potential violence, including concealed weapon threats. Along the way, growing demand for concealed weapon detection systems, for example, could help create a potential $7.5 billion investment opportunity by 2025. That’s a sizable catalyst for companies such as Liberty Defense Holdings Ltd. (TSXV:SCAN) (OTC:LDDFF), Shotspotter Inc. (NASDAQ:SSTI), Evolv Technologies Holdings Inc. (NASDAQ:EVLV), Wrap Technologies Inc. (NASDAQ:WRAP), and VSBLTY Groupe Technologies Corp. (CSE:VSBY)(OTC:VSBGF).
In addition, according to Future Market Insights, “A huge demand for concealed weapon detection systems is being observed in aviation industry, government sector, and commercial spaces such as educational institutes, banks, and shopping malls as public safety is threatened by anti-social groups. Accurate recognition and detection of concealed contraband and weapons can be done by terahertz body scanners to identify threats that are concealed underneath the clothes of a person or in bags. Remarkable advancements with incorporation of sensors, imaging technology, and actuators has a created lucrative ground for sales of concealed weapon detection systems.”