X-ray Security Scanner Market Analysis and Forecast 2020: By Keyplayers Astrophysics, Inc., Eurologix Security Group, L3 Security & Detection Systems, Analogic Corporation, NUCTECH COMPANY LIMITED, OSI Systems, Inc., Gilardoni S.p.A., Kromek Group plc, Sm

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X-ray security scanner are used for detecting dangerous organic, inorganic, and metal materials by passing them through the scanner. Full body scanners and baggage scanners are used to protect passengers, facilities and assets from any type of harm or hazard. The number of airports and transportation centers are increasing globally and the need for provision of proper security to these areas is increasing. The protection of these areas is important to avoid loss of revenue, loss of human lives, and baggage mishandling. Hence, the above factors are expected to create growth
opportunities for players operating in the X-ray security scanner market over the forecast period.
Key Players in the global X-ray security scanner market

Major key players operating  in x-ray security scanner market include Astrophysics, Inc., Eurologix Security Group, L3 Security & Detection Systems, Analogic Corporation, NUCTECH COMPANY LIMITED, OSI Systems, Inc., Gilardoni S.p.A., Kromek Group plc, Smiths Detection Inc., and TELEDYNE ICM.

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Factors driving the growth of the global X-ray security scanner market

Expansion of airport infrastructure and the increasing threat of terror attacks are the major factors driving the growth of X-ray security scanner market. Critical infrastructure is the primary target for terror attacks and therefore require protection from internal and external threats. Illicit and illegal activities as well as threat of terror attacks is increasing owing to weak security systems at airports, seaports, railway stations, and hotels. Body-scanning as well as scanning of products is necessary to prevent terror attacks and other illicit activities in public places such as airports, railways, and hotels. For instance, in March 2016, 30 people were killed in terror attacks at the departure hall of Brussels Zaventem International Airport and the Maelbeek metro station. Istanbul Ataturk Airport's parking as well as the entrance of international arrival terminal was also attacked by terrorists and 41 people were killed.
The increasing trade activities are also driving the growth of the X-ray security scanner market. For instance, according to the World Trade Organization (WTO) report, merchandise exports reached US$ 17.43 trillion and trade increased by 4.7% in terms of volume. Moreover, the increasing instances of illegal activities such as smuggling during movement of heavy goods from seaports and airports is favoring the growth of this market.

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Regional Analysis of the global X-ray security scanner market

On the basis of region, the X-ray security market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America expected to account for the largest market share over the forecast period owing to presence of major players such as Astrophysics, Inc., L3 Security & Detection Systems and OSI Systems, Inc.
Apart from North America, Asia Pacific is expected to witness significant growth in the global X-ray security scanner market owing to high investments by governments in the transport infrastructure in urban areas. Moreover, investments in construction of Metrorail and airport are driving the growth of the Asia Pacific X-ray security scanner market. For instance, according to the Civil Aviation Administration of China (CAAC), in December 2018, government planned to build 450 airports to improve accessibility of air travel in China.

Moreover, in December 2019, according to the India Brand Equity Foundation (IBEF), India has invested US$ 777.73 billion in the infrastructure by 2020 for the development of the country.

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Segmentation of the global X-ray security scanner market

The global X-ray security scanner market is segmented on the basis of end user, application, and region.

• On the basis of end user, the market is segmented into:
◦ Government
◦ Commercial
◦ Transit Industry

• On the basis of application, the market is segmented into:
◦ People Scanning
◦ Product Scanning

• On the basis of region, the market is segmented into:
◦ North America
◦ Europe
◦ Asia Pacific
◦ Latin America
◦ Middle East and Africa

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This release was published on openPR.