Security Screening Market Technological Innovation and Global Demand 2020 to 2024

The report titled "Security Screening Market" has recently added by MarketInsightsReports to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.

The security screening market was valued at USD 6.66 billion in 2018 and is expected to reach a value of USD 8.92 billion by 2024, at a CAGR of 5.1%, over the forecast period (2019-2024).

To Buy Now-

https://www.marketinsightsreports.com/report/purchase/05221254310?mode=su&source=openpr?mode=74

The leading companies operating in this market are Smiths Detection Inc., L-3 Communications Security and Detection Systems Inc., OSI Systems Inc., 3DX-Ray Ltd and others.

Market Overview:

Computerized tomography or CT scanners have witnessed an increased popularity, due to the large size and noisiness of the traditional scanners. These are expected to replace the traditional X-ray scanners, particularly in the aviation sector.
Digital transformation, while incorporating the benefits of machine learning and artificial intelligence, is expected to advance the capabilities of the present systems.
Though the number of terrorist attacks worldwide has decreased significantly from 12,121 in 2015 to 8,584 in 2017, according to the National Consortium for the Study of Terrorism and Responses to Terrorism, terrorism continues to be a significant threat to several countries even today, with a higher terrorism index. Therefore, the security screening market is expected to significantly benefit from the strict laws and regulations regarding the inspection of humans, luggage, and goods in transit.

Industry news:

20 Mar 2019: Smiths Detection reported its organization with Gold Coast Airport in Australia, some portion of Queensland Airports Limited, to preliminary Smiths Detection's most recent CT innovation screening frameworks for traveler carry-on baggage.As part of the preliminary, Smiths Detection presented a progressed coordinated checkpoint arrangement that will help to convey progressively severe security, while improving traveler experience. The key spotlight will be on the ECAC EDS CB C3 affirmed HI-SCAN 6040 CTiX lodge things screening framework utilizing CT innovation to deliver 3D pictures

Dec. 23, 2019: OSI Systems, Inc. (NASDAQ: OSIS) declared that its Security division got a request for roughly $12 million to give activity and upkeep administrations to Rapiscan® Systems and AS&E® security screening equipment."We anticipate proceeding to help this client that uses a few of our review framework stages to build working environment wellbeing and ensure its basic foundation," said OSI Systems' Chairman and CEO, Deepak Chopra.

Get a Free sample copy before purchase:

https://www.marketinsightsreports.com/reports/05221254310/security-screening-market-growth-trends-and-forecast-2019-2024/inquiry?source=openpr&Mode=74

Global Security Screening Market Split by Product Type and Applications:

This report segments the global Security Screening market on the basis of Types are:

Cargo & Vehicle Inspection
Parcel Inspection
Personnel Inspection
Explosives & Narcotics Detectionx
Liquid Inspection
Radioactive Substances Monitor
Others

On the basis of Application, the Global Security Screening market is segmented into:

Airport
Other Public Transportation
Large Stadium/Facility
Others

Asia-Pacific Accounts for Largest Market Share

The largest share in the security screening market is occupied by Asia-Pacific, with China, India, and Japan being the key shareholders. China is one of the prominent markets in the Asia-Pacific region. Vendors in the country are continuously innovating their products. For instance, in January 2019, Safeway Inspection System Limited launched a new portable X-ray scanner, AT2310. This type of X-ray scanner for security inspection is used to inspect small baggage and parcels and find explosives and dangerous weapons.
The Indian market is expected to be one of the largest aviation markets in the world by 2026, making security a mission-critical factor in enabling Indias airports to be future-ready. In February 2018, the Airports Authority of India (AAI) placed an order for multiple CTX 9800 DSiTM systems at a combined value of over USD 50 million, with Smiths Detection. The first group of machines were expected to be installed in the second half of 2018.

Explore Full Report With Detailed TOC Here:

https://www.marketinsightsreports.com/reports/05221254310/security-screening-market-growth-trends-and-forecast-2019-2024?source=openpr&Mode=74

Key Highlights of the Report

- Quantitative market information and forecasts for the global Security Screening industry, segmented by type, end use and geographic region.
- Expert analysis of the key technological, demographic, economic and regulatory factors driving growth in Security Screening to 2024.
- Market opportunities and recommendations for new investments.
- Growth prospects among the emerging nations through 2024.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

Contact US :

Irfan Tamboli (Head of Sales)
Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.