X-Ray Security Screening System Market Set for Rapid Growth and Trend by 2024

MarketStudyReport.com Adds New X-Ray Security Screening System Market 2017 – 2024 research report providing information and data By Product, By Application, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 95 Pages with table and figures in it.

X-Ray Security Screening System Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 5% CAGR to 2024.

X-Ray Security Screening System Market is set to exceed USD 3 billion by 2024. X-ray security screening system market is expected to grow over the estimated timespan, owing to the increasing adoption at the border crossing points to ensure safety and security. Persisting risk of terrorist attacks has encouraged the investment form the aviation sector. The systems are increasingly being implemented in the airports to prevent the harm to passengers, aircrafts, & crew and enhance national security, thus propelling the x-ray security screening system market growth. Growing threats of drug trafficking, illegal arms trade, and illegal immigration has increased the governments of various countries to use these scanning systems at public places including hotels, government sites, transport hubs, and museums & concerts.

Possibilities of skin tissue damage due to ionization effect of the rays is expected to challenge the x-ray security screening system market growth. Growing stringency of regulations put forth by the U.S. Department of Health and Human Services (HHS) and the U.S. Food and Drug Administration (FDA) discouraging the use of high-frequency systems is expected to hamper the x-ray security screening system market growth over the future. However, the growing usage of backscatter x-ray systems, that reduce the health hazards in people scanning applications is expected to gain popularity.

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The trend of automation of detection process is becoming highly popular in the industry. Resource constraints such as limited staff for operating the equipment and budget are expected to hamper the growth in the long term. The companies are investing in R&D to increase the efficiency of these systems and generate more scans in a given timeframe. For instance, the R&D team of Rapiscan is working to automate the detection and screening process. The company is developing tools that help an operator analyze the image and quickly identify potential threats.

Growing need to scan the cargos at the border checkpoints is driving the demand from transit industry, thus propelling the x-ray security screening system market over the forecast timespan. Companies in the industry offer a portfolio of configurable high-energy radiation scanning systems to keep the trade flowing smoothly. Technologies such as advanced cargo imaging and detection are developed that provides dynamic range and superior penetration views.

Asia Pacific is expected to grow at a fast pace in the industry over the future, owing to growing number of passengers travelling through airways. Growing trade across the borders, particularly in developing countries including India and China is driving the adoption of these systems. Astrophysics, in partnership with the local supplier, will supply these equipment for the 2018 Winter Olympics and Paralympics in South Korea later this year, thus impacting the x-ray security screening system market positively.

Some of the major players in x-ray security screening system market include OSI Systems (Rapiscan), Morpho Detection, Smith Detection, Analogic Corporation, L3 Security & Detection Systems, Analogic Corporation, Adani Group, Astrophysics, Inc., and American Science and Engineering. The companies are developing software solutions to enable to view an integrated scanned image. For instance, CV2 software solution by L3 integrates the data from several scanning systems to a centralized display. This allows quick access to the contents of the cargo locally for illegal or contraband items.

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Related Report:

United States X-Ray Security Screening System Market Report 2018

In this report, the United States X-Ray Security Screening System market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

https://www.marketstudyreport.com/reports/united-states-x-ray-security-screening-system-market-report-2018/?utm_source=RR-PSR

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