Security Screening Market is Anticipated to Reach a CAGR of 7.3% From 2027 - Lead by Aware, Anviz Global, Analogic, Iris ID, Nuctech Company Limited, OSI Systems and Smiths Detection

Security Screening Market accounted to US$ 6.95 Bn in 2018 and is expected to grow at a CAGR of 7.3% during the forecast period 2019 – 2027, to account to US$ 13.64 Bn by 2027.

Geographically, the security screening market is segmented into North America, APAC, Europe, MEA, and SAM regions. Asia Pacific led the security screening market in 2018 with a significant market share and is anticipated to continue its dominance in the coming years. The region would continue to generate relatively greater profit, contributing to increase in overseas trade, e-commerce, FDIs, and construction industry.

Increasing disposable income has led the masses of the region to opt for airways which impact the scenario airports as well and so contribute towards accelerating utilization of new security systems.

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The North America is the second-largest market in the security screening market. Apart from Asia pacific and North America, Europe remains at the third-largest geographic segment in the security screening market. The security screening market heavily depends on changing government standards and budgets.

Airports look ahead to deploy new security system to ensure friendly screening processes within less time. In North America, The Transportation Security Administration (TSA) is a US government representative which screens air travelers, to ensure safety of both individuals and mode of transportation in the country.

Top Leading Market Players:

1. Aware, Inc.
2. Anviz Global
3. Analogic Corporation
4. Iris ID, Inc.
5. L3 Security & Detection Systems
6. Magal Security Systems Ltd
7. Nuctech Company Limited
8. OSI Systems, Inc.
9. Smiths Detection Inc.
10. Teledyne ICM (Teledyne Technologies Incorporated)

Worldwide Security Screening Market Analysis to 2027 is a specialized and in-depth study of the Security Screening Industry with a focus on the global market trend. The report aims to provide an overview of global Security Screening Market with detailed market segmentation by product/application and geography. The global Security Screening Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Security Screening players and offers key trends and opportunities in the market.

Persistent threat resulting in loss of human life

From last few years, some nations has witnessed incidences that resulted in terrorist attacks owing to weak security checks at various places, including, airports, seaports, railway stations, and hotels, among others. During the past few years, there have been many incidences that resulted in terrorist attacks owing to weak security checks at various places such as airports, seaports, railway stations, and hotels, among others. This factor holds a foremost position in influencing the adoption of security screening.

Upsurge in investment for the consuctruction of commercial complexes and other buildings

Construction & infrastructural development is considered to be one of the prime contributions to a country’s socio-economic development. The developing economies worldwide, including India, China, and Brazil, among others, are experiencing a notable growth rate in commercial construction. For instance, China and Japan are investing in the infrastructure sector of the Philippines, Indonesia, Korea, Bangladesh, and Malaysia, among others. Therefore, a significant amount of investment towards infrastructure projects supported by FDIs is expected to provide huge opportunities for security screening companies and thus, positively impacting the security screening market.

Security Screening Market Segmentation :

Global Security Screening Market – By Product

• X-Ray Scanner
• Biometric Systems
• Explosive Trace Detector
• Electromagnetic Metal Detector

Global Security Screening Market - By Application

• Border Check point
• Airport
• Government Applications
• Public Places
• Others

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What our report offers:

• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.

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