Security Screening Equipment Market Will Generate Record Revenue by 2029

The global security screening equipment market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period (2023-2030). In recent years, security concerns have become a top priority for governments, businesses, and individuals globally. With increasing threats of terrorism and cross-border security threats, the need for robust security measures has become more critical than ever. As a result, the security screening equipment market has been witnessing significant growth, driven by rising investments in infrastructure development and security measures. Governments across the globe are increasingly investing in infrastructure development and security measures to enhance security and safety. For instance, in February 2023, The Federal Aviation Administration (FAA), announced the allocation of nearly $1 billion under the Bipartisan Infrastructure Law to 99 airports across the country. 

The funding helps meet the growing demand for air travel and invests in key areas to help get travelers in and out of airports more quickly and improve the passenger experience by investing in new baggage systems, larger security checkpoints, and improved ground transportation. The investments will go to airports in 47 states and two territories. Earlier in March 2019, the Transportation Security Administration made a $96.8 million investment in computed tomography (CT) technology, which provides enhanced screening capabilities and reduces the need for physical pat-downs and bag searches. This investment demonstrates the government's commitment to enhancing security measures and the significant role of advanced security screening equipment in achieving this goal.

In addition to government investments, businesses, and organizations are also investing in security measures to protect their assets and ensure the safety of their employees and customers. For instance, in the banking sector, banks are investing in advanced security screening equipment, including biometric authentication systems and surveillance cameras, to prevent fraud and enhance security. Similarly, in the education sector, schools and universities are investing in security screening equipment, including metal detectors and X-ray scanners, to enhance campus security and prevent threats.

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

o             By Product Type

o             By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- including Smiths Detection Group Ltd., L3Harris Technologies, Nuctech Company Ltd., KetechDefence Ltd., Point Security, Inc., and others.

Security Screening Equipment Market Report Segment

By Product Type

X-ray Scanners
Walk-through Metal Detector
Hand-held Metal Detector 
Explosives Trace Detection 
Explosives Trace Portal 
Explosives Detection System
Liquid Container Screening
Threat Image Projection (TIP) Systems

By Application

Airports
Government Buildings
Commercial and Public Spaces
Residential
Military and Defense 
Others

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Security Screening Equipment Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Adani Systems, Inc.
American Science and Engineering Inc.
Analogic Corp.
Analogic Corp.
Garrett Metal Detectors
L3Harris Technologies
Nuctech Company Ltd.
OSI Systems, Inc.
PerkinElmer Inc.
Rapiscan Systems
Smiths Detection Group Ltd.
Teledyne Technologies Inc.
Vanderlande Industries B.V.
XP Metal Detectors

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