Global Security Screening Market
Published Date:5 Feb 2020
Category:ICT & Telecom
Impact Analysis on the Growth of Market
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Security is becoming one of the biggest concerns for governments all over the world. Security screening refers to the screening of individuals and their belongings in order to avoid economic, financial and personal loss in the future. This is generally done at public places like airports, railways, border checkpoints, banks among other places which either has a large influx of people or mean a lot for the government in terms either security or economy. Each country is developing more and more security screening products to counter the terrorist activities that have been rising recently. After the 9/11 attack in the USA and the 2008 attack in Mumbai, the whole world is made aware that no place is safe. So even the private commercial entities are investing a lot in security screening assets to safeguard their assets.
Security Screening market consists of several products like explosive trace detectors, electromagnetic detectors, X-ray detectors among others where each employs a different variety of technology. The main users are all the government bodies and large privately owned institutions who want to safeguard their assets against unethical and unlawful practices.
Instead of using a single type of technology, the market is currently focusing on integrated screening systems. Hence, vendors in this market are continuously trying to update their product mix through innovation and constant research. They continuously spend on R&D to advance their technology for better detection of any unethical practice. Currently, the demand for an x-ray radiation security system is on the rise owing to their ability to see through many layers of materials. Increase in the number of airports and other important public places all over the world along with the growing acts of terrorism is guiding this sector forward at a tremendous pace. On the other hand, the success of this market is restrained by the harmful effects of radiation on the human body, fear of privacy interruption, high installation cost and negative publicity of defence.
Global security screening market is segmented on the basis of the type of product, application and geography.
On the basis of the type of product used, the market is segmented into: -
Electromagnetic metal scanners
Explosive trace detectors
On the basis of place of application, the market is segmented into: -
Border check points
Private commercial places
On the basis of geography, the market is segmented into: -
Rest of the world
The current market is dominated by the USA owing to their strict security protocols and their immense expense on security owing to the recent terrorist attacks. But the APAC region is expected to grow at the highest rate closely followed by the USA in the upcoming future. Europe is also a promising market owing to a large number of developed companies with huge pockets to spend on these expensive security screening systems.
Security screening market runs on innovations. Every company tries to innovate better product through their research to get a head start from their competitors. This sector has a strong correlation with information and communication technology sector. It is due to the advancement of technology in the radiation and sensor field that today we have contactless detection systems. Thus, the market players are constantly working towards new product offerings and hence the future of the security screening market is very bright as the advancement in technology knows no bounds.
The key players in the market include Safran, American Science and Engineering, OSI Systems, Smiths Group, Digital Barriers among others.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage