Security Screening Equipment Market Progresses for Huge Profits During 2017 - 2025

Global Security Screening Equipment Market: Market Dynamics

The global Security Screening Equipment market is expected to be significantly driven by increasing government investments in security due to the upsurge in terror activities across the globe. Furthermore, ongoing infrastructural developments across countries to develop new airports, stadiums and other such infrastructures will also lead to an increased demand for novel and efficient security screening systems. A significant upsurge in demand for security screening equipment from private sector is expected over the forecast period. This is primarily due to the fact that, people, day-by-day, are getting aware of the importance of such equipment and as a result, these systems are also being increasingly deployed in residential buildings/apartments/townships so as to ensure the safety of man, material and property. Installation of biometric systems at commercial spaces is also an example of the same.

The market for security screening equipment is highly competitive due to the presence of a large number of Tier I and Tier II players globally. Owing to this fact, advancement in technology has emerged as a major product differentiator among manufacturers. The global security screening market is expected to significantly benefit from the strict laws and regulations regarding inspection of human and goods/luggage in transit.

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One of the chief factors restraining the growth of the security screening equipment is the high installation cost of these equipment, particularly complete object/body detectors. This limits application of full body detectors to airports and government & military buildings. Another prominent factor that is hampering the growth of the market is the negative publicity of some screening equipment – it’s been said and written often that these equipment pose threat to human health due to exposure to various radiations.

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