[PDF] Urban Security Screening Market Analysis, Competitive Insight And Key Drivers, Research Report 2021 - 2031 | Smiths Group PLC, Astrophyics, Rapiscan

The Report Shades a Light on Future and Opportunities in the Urban Security Screening Industry.

The Urban Security Screening Market was valued at $8.6 billion in 2021, and is projected to reach $22.3 billion by 2031, growing at a CAGR of 10.1% from 2022 to 2031 according to a new report by Allied Market Research. The report covers an analysis of the major impacting factors and top 10 investment pockets that influence the market growth and new opportunities in the future.

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The recent technological developments and rise in demand have an instrumental effect on the growth of the market. The Urban Security Screening Market report offers a comprehensive analysis of the market on the basis of various parameters including sales, sales analysis, market size, share, trends, and major driving factors. In addition, the report offers Porter's five forces model, portfolio and financial analysis, and business overview of services and products. Such statistical tools provide a piece of vital information to recognizing lucrative opportunities in the industry.

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The TOP MARKET PLAYERS that are currently active in the industry: Smiths Group PLC, Astrophyics, Rapiscan, Leidos, Hitachi, Environics, Proengin, Bruker Daltonics, Thermofisher and Thruvision.

These companies have adopted various business strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations to maintain market position.

The study provides an in-depth analysis of the dynamic driving and restraining factors, major challenges, and lucrative opportunities. Moreover, the study offers a SWOT analysis that helps understand the restraining and driving factors in the industry. The global Urban Security Screening Market report covers an overview of the market and outlines market definition and scope.

The drivers and opportunities aid in understanding the ever-changing industry trends and how companies can leverage such trends. On the other hand, the challenges and restraints included in the report aid in recognizing lucrative market investments. The global Urban Security Screening report offers a quantitative and qualitative analysis of the market. The qualitative study highlights the value chain analysis, pain point analysis, and key regulations.

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The report includes a detailed analysis of the impact of the Covid-19 pandemic on the market. The report covers consumer preferences, trends, and budget impact on the market because of the pandemic. The global Urban Security Screening Market is under the influence of technological advancements. The emergence of innovative technologies such as artificial intelligence (AI), cloud computing, big data, Electronics & semiconductors industries, Internet of Things (IoT), and cryptocurrency have a major impact on the global Urban Security Screening Market growth. The report helps recognize the role of such advanced technologies in Urban Security Screening Market growth.

Browse in-depth TOC on Urban Security Screening Market:

>> Pages: 268

>> Tables: 133

>> Charts: 59

Key Market Segments:

Product Type

• Trace Detectors
• Baggage Scanners
• Vehicle Scanners
• Cargo Scanners
• CBRN Detection
• Explosive/narcotics Detectors

End Use

• Government Buildings
• Airports
• Educational Institutes
• Public Places
• Others

The baggage scanners segment to dominate the global market in terms of revenue by 2031

Based on the product type, the baggage scanners segment contributed to the highest market share in 2021, accounting for more than one-fourth of the global urban security screening market. The segment is predicted to contribute majorly toward an overall market share in 2031. The growth of the segment over the forecast period can be attributed to the lucrative use of baggage scanners in screening activities at airports, railway stations, hotels, metro stations, multiplexes, and cinema theatres. However, the explosive/ narcotics segment is predicted to register the fastest CAGR of nearly 11.67% from 2022 to 2031. The segmental growth can be credited to the need for identifying and detecting a wide range of explosives. The report also provides an overall analysis of the segments such as vehicle scanners, cargo scanners, CBRN detection, and trace detectors.

The educational institutes segment to contribute the highest CAGR of 12.14% Over 2022-2031

On basis of end use, the educational institutes segment is set to register the highest CAGR of 12.14% over the forecast period. The highest growth rate of the segment can be credited to the high demand for security and safety for students and staff. Furthermore, the need for screening students for preventing them from carrying harmful objects such as sharp items and knives with them will boost the growth of the segment during the assessment period. However, the airports segment contributed a major share toward the global urban security screening market in 2021, accounting for nearly one-fourth of the global market share. The growth of the segment can be attributed to the presence of artificial intelligence methods for automatic object recognition for aviation security. The report also provides an overall analysis of the segments such as government buildings, public places, and others.

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By Region:

1) North America- (U.S., Canada, Mexico)

2) Europe- (Germany, UK, France, Spain, Italy, Rest of Europe)

3) Asia-Pacific- (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)

4) LAMEA- (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

The Asia-Pacific region to maintain dominant status over 2022-2031

Based on the region, Asia-Pacific contributed notably toward the global urban security screening market share in 2021, and is projected to continue its dominance during the forecast period. The region accounted for nearly half of the global market share in 2021. Furthermore, the region is predicted to record the highest CAGR of 10.98% over the forecast timeline. The growth of the regional market over the projected timeline can be credited to the increase in the number of airports. Furthermore, the swift growth of the infrastructure sector in the region is anticipated to prop up the security screening in the foreseeable future, thereby driving the regional market trends.

The analysis of segment and sub-segment is offered in graphical and tabular formats. This study is instrumental to understanding the highest revenue-generating and fasting growing segments of the Urban Security Screening Market, which is vital for making strategic investments.

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