Handheld Backscatter X-Ray Devices Market 2022 Precise Outlook- Rapiscan Systems Inc. (A Part of OSI Systems Inc.), Viken Detection (Formerly Heuresis Inc.), Nutech Company Limited

The report considers the present scenario of the Handheld Backscatter X-Ray Devices Market and its dynamics for the forecast period 2022-2026. Handheld Backscatter X-Ray Devices Market covers a detailed overview of several growth enablers, restraints, and trends in the market. The research report highlights the market’s current and potential key opportunities along with crucial insights.   

The Global Handheld Backscatter X-ray Devices Market was valued at USD 47.8 million in 2020, and it is expected to reach USD 70.65 million by 2026, registering a CAGR of 6.2%, from 2021 to 2026. 

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The Handheld Backscatter X-Ray Devices market is highly competitive and consists of a number of major players. Companies like Rapiscan Systems Inc. (A Part of OSI Systems Inc.), Viken Detection (Formerly Heuresis Inc.), Nutech Company Limited Amongst Others.

Key Developments:

- 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.

Market Segmentation:

Segment by Type
Battery Life: Less than 5 Hours
Battery Life: 5 to 10 Hours
Battery Life: More than 10 Hours

Segment by Application
Customs and Border Protection
Law Enforcement
Critical Infrastructure
Military and Defense
Others

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.
- The majority of narcotics make their way into the United States through its ports of entry. In 2018, 90% of the her-oin, 88% of coc-aine, 87% of methamphetamine, and 80% of fentanyl seized by officials were smuggled through legal crossings in the country. The regional government is increasingly relying on X-ray technology to detect such illegal drugs at these ports of entry.

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

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools:  Handheld Backscatter X-Ray Devices Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Handheld Backscatter X-Ray Devices Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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