X-Ray Security Screening System Market Is Expected to Witness a Steady Growth by 2023

MaketStudyReport.com adds a New X-Ray Security Screening System Market Research Report for the period of 2016-2023 that shows the growth of the market is rising at a 5.7% CAGR to 2023.

X-Ray Security Screening System Market size is set to exceed USD 3 billion by 2023. Rising concerns for safety at various places such as railways, airports, public places, stadiums, government applications, private sectors and border check lines will favor industry demand from 2016 to 2023.
Expanding unlawful and dishonest practices can be controlled with the help of x-ray screening frameworks thus avoiding economic, and human losses. Rising threat of psychological oppression and unlawful practices have brought about persistent upgrading of security and filtering items.

Commercial x-ray security screening system market will grow with 5.2% CAGR over the forecast period. Rising threat of terrorism has surged the need for scanning in commercial areas such as hotels, shopping malls and banks. The growing number of safety concerns on a global scale has compelled governments to re-evaluate their safety system and adapt new advanced mechanism to counter any future assaults. Conformity with safety measures and government regulations enacted to improve security infrastructure will positively impact x-ray security screening system market demand.

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Psychological oppressor assault dangers have driven huge interests in the flight security sector. In addition, drug trafficking, unlawful arms and movement have raised border security thereby driving industry demand. The consistent materials and products course through fringe intersections and ports are being checked to recognize various contrabands to avoid threats. Technological advancements in ensuring the fail-safe detection with maximum scanning and replacement of obsolete scanning products with newer versions are expected to further drive the industry growth.
People screening segment accounted for over 28% in 2015 and is estimated to have moderate growth from 2016 to 2023. Monitoring borders and roadways to detect smuggling and intrusion will support the segment demand.

Europe x-ray security screening system market share will have substantial growth from 2016 to 2023. Recent terrorist attacks in countries such as France, Germany, UK and Belgium will support the industry growth. MEA x-ray security screening system industry share accounted for over 5% of the revenue in 2015 and will have considerable growth from 2016 to 2023. Countries in the region are responding to ongoing disturbances with rapid spending on internal and homeland security technologies.

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Companies operating in the x-ray security screening system market are Morpho Detection, Analogic Corporation, OSI Systems, Rapiscan, Adani Systems, and Smiths Detection. The industry is characterized by presence of several large and small scale vendors offering advanced features which are focused on expanding their product offerings by investing heavily in R&D and developing advanced technologies.

X-Ray security screening system market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2012 to 2023, for the following segments:

By End-use:
Transit Industry, Commercial, Government

By Application:
People Screening, Product Screening

The above information has been provided on a regional and country basis for the following:

North America, U.S., Canada, Europe, Germany, UK, France, Italy, Russia, China, India, Japan, Latin America, Brazil, Mexico, MEA

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Related Report:

Airport Security Market Research Report 2023

Airport Security Market size is set to exceed USD 12.8 billion by 2023. Rising safety and passenger protection concerns due to increase in terrorist activities is expected to stimulate global airport security market size over the forecast period. Growing air traffic with the increasing air travelers owing to the time related factors and rising disposable income may contribute towards the industry demand. Increasing number of airports are investing in complex control & command (C2) and integration solutions due to the high level of security offered by such systems. Moreover, these systems provide greater situational awareness.

https://www.marketstudyreport.com/reports/airport-security-market/?utm_source=RR-PSR

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