Urban Security Screening Market Projected to Garner Significant Revenues By 2031

Allied Market Research, titled, "Urban Security Screening Market," The urban security screening market was valued at $8.6 billion in 2021, and is estimated to reach $22.3 billion by 2031, growing at a CAGR of 10.1% from 2022 to 2031.

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Urban security screening enables the assurance from threats against unethical and unlawful practices. Urban security screening devices ensure safety against unethical and unlawful activities and protect financials and humans. The rise in the need for TSA precheck and airport security checks, drives the demand for security equipment, such as X-ray systems, hand-held detectors, and explosive detectors, and is expected to provide growth opportunities for the urban security screening market size. Technological advancements in the urban security screening market may favorably impact the market growth over the coming years. Many countries have increased spending on new security equipment to advance their security measures.

The urban security screening industry has gained high traction in the government sector, homeland security, educational institute, industrial, and residential sectors. For instance, the rise in several smart cities has created the need for security systems while the increase in airports boosts the growth of the urban security screening market. Urban security screening has become an important part of detecting land mines and weapons, such as guns, blades, and knives, especially in airport security. They are further used for identification purposes at offices and educational institutes. Detection of explosives at airports, seaports, and land borders is an essential task to prevent terrorism and organized crimes.

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However, the installation, manufacture, and maintenance costs of urban security screening devices are high, owing to their complex design and high. Hence, the need for such high costs associated with urban security screening products may hamper the growth of the market. Conversely, new trends in security devices, such as computed tomography inspection and inbuilt alarms, favor the market growth. In addition, the increase in terrorism and the rise in illegal activities & fraud boost the use of urban security screening devices. Moreover, the need and use of security screening devices are increasing, which notably contributes toward the urban security screening market growth. For instance, X-ray security systems are used in the government sector and aeronautics industry; handheld detectors are used in airports; and biometric systems are used in many offices and educational institutes. According to the urban security screening market analysis, the baggage scanners segment is anticipated for the largest urban security screening Market Share, in 2021, owing to the wide application of baggage screening in airports, hotels, multiplexes, railway stations, metro stations, and cinema theatres is fueling their demand. Additionally, the explosive/narcotics detectors segment is expected to grow at the highest CAGR during the forecast period, owing to growing demand for the detection and identification of an extensive range of explosives (military or commercial) and narcotics in military applications, airports, ports, border checkpoints, police stations, prisons, and government buildings.

The outbreak of COVID-19 has significantly impacted the growth of the urban security screening sector in 2020, owing to a significant impact on prime players operating in the supply chain. On the contrary, the market was principally hit by several obstacles amid the COVID-19 pandemic, such as a lack of skilled workforce availability and delay or cancelation of projects due to partial or complete lockdowns, globally. Country-wise, China holds a significant share in the urban security screening market, owing to the presence of prime players. Major organizations and government institutions in the country are intensely putting resources into this urban security screening these prime sectors have strengthened the growth of the urban security screening market in the region.

KEY FINDINGS OF THE STUDY

- In 2021, the baggage scanners segment accounted for maximum revenue and is projected to grow at a notable CAGR during the forecast period.
- The airports segment accounted for around 23.85% of the urban security screening market trends in 2021.
- Asia-Pacific contributed for the major share in the home automation and controls market, accounting for the highest revenue share in 2021.

The key players profiled in the report include Smiths Group PLC, Astrophyics, Rapiscan, Leidos, Hitachi, Environics, Proengin, Bruker Daltonics, Thermofisher, and Thruvision. Market players have adopted various strategies, such as product launch, collaboration& partnership, joint venture, and acquisition to expand their foothold in the urban security screening market.

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