Handheld Backscatter X-Ray Devices Market Extensive Demand, New Development and Research 2021-2026

MarketInsightsReports has published a report entitled Global Handheld Backscatter X-Ray Devices Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The Global Handheld Backscatter X-ray Devices Market was valued at USD 5.3 million in 2019, and it is expected to reach USD 64.6 million by 2025, registering a CAGR of 6.2%, from 2020 to 2025.

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Key Market Players: Rapiscan Systems Inc. (A Part of OSI Systems Inc.),Viken Detection (Formerly Heuresis Inc.)_, Nutech Company Limited_ and Other

Industry News and Updates:

- June 2020 - Viken Detection launched a handheld and under-vehicle x-ray system that scans vehicles for hidden cash, drugs, and weapons that may help prevent illegal drug and gun smuggling at the U.S.-Mexico border. _
- April 2020 - In order to contain the COVID-19 spread, Nuctech Company Limited has its non-contact human body security detector approved by China Civil Aviation Administration with an A-Class License. _

Key Market Trends

Customs and Border Protection Accounts for Significant Market Share

- The custom and border protection (CBP) organizations are some of the prominent end-users of handheld backscatter X-ray devices. _The increasing occurrence of drugs, currency, explosives, arms, ammunition, and illicit trading of endangered species specimens, among other materials, is increasing worldwide. It is essential to look out for unreachable areas to scan or scrutinize the vehicle to stop this trading. Thus, handheld backscatter X-ray devices play a crucial role in identifying these vehicles to prevent these trades and improve national security._
- Given the scale of illicit occurrences, the North American region exhibits significant backscatter technology deployments specific to this application. According to the US CBP, total enforcement actions held by the agency in Fiscal 2019 were 1,148,024. During the same period, USD 68,879,080 was seized at the US border, alone.

Asia-Pacific to Hold Significant Market Growth

- The region houses Nutech as the leading manufacturer for the production of Handheld backscatter. However, with the regions increased investments in technology and public safety, the adoption of the same has significant potential._
- For instance, Backscatter X-Ray Device acquired through the APSP is being used by Thai Customs to detect SALW in the country. As per Illicit Trade Report 2018, Small Arms And Light Weapons (SLAW) activities conducted by the WCO fell under the auspices of the Asia Pacific Security Project, which provided countries in the Asia Pacific region with SALW training activities. _
- Further, the global terrorism index in 2019 suggests that in 2018, terror-related deaths in the Philippines, though declined by 9%, accounting 297 deaths, the terror-related incidents also decreased by 13% from 486 in 2017 to 424 in 2018. Despite such a fall in terrorist activity, the Philippines remained a significant Southeast Asian country to be ranked in the ten countries most impacted terrorism. _

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Handheld Backscatter X-Ray Devices market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Handheld Backscatter X-Ray Devices market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Handheld Backscatter X-Ray Devices market.

Market Segments: This part of the report discusses product type and application segments of the global Handheld Backscatter X-Ray Devices market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Handheld Backscatter X-Ray Devices used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format

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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 on the market. Both upstream and downstream of the entire supply chain 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.

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