Global Security Screening Market 2015 - 2023: Industry Size, Share, Growth, Forecasts

Latest industry research report on: Global Security Screening Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts

Security screening is one of the most important concerns for security at public places such as airports, railway stations and others. It is typically used to detect unlawful objects including metal objects, weapons, liquor products and others. Screening includes scanning of people and their luggage to detect any hazardous objects. Security screening is majorly carried at places such as airports, government offices and border terminal points. Biometric systems are the most popular techniques used for screening people as it is the most reliable process for authentication. Screening systems based on biometrics method include voice scanner, face scanner, retina scanner, iris scanner and fingerprint scanner. Luggage and other belongings of the people are often screened using x-ray scanning machines to check for any prohibited objects in the baggage.

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Growing need for security measures at public places is the most significant factor driving the security screening market. Government organizations of different nations across the world focus on stringent security processes to curb smuggling and terrorists activities. The security screening market has witnessed high growth especially after the disastrous terror attacks in the U.S. and India. Furthermore, security screening market is strongly supported by the development in the information and communication technology (ICT) sector. Technological advancements in sensor technology have led to the emergence of non-immersive and contactless detection devices. Such devices have enabled regulatory authorities to enforce robust security solutions while limiting the inconvenience and intrusion of privacy of people. Modern security screening equipment are capable of screening the bones and other internal body parts for unethical and unlawful practices. Electronic passport (E-passport) is one of the latest developments for individual authentication. It is based on the biometric features of the passport holder and helps in reducing the instances of fake passports.

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The security screening market is segmented on the basis of products, applications and geographic regions. The market for security screening is further categorized based on type of products into X-ray screening system, electromagnetic detector, explosive trace detector and biometric system. The applications of security screening include airports, railway stations, border check points, government offices, private sector offices, educational institutes and other public places. Public places include shopping malls, temples, cinema halls, commercial complexes and others. Furthermore, the security screening market is segmented based on geographic regions into North America, Europe, Asia Pacific and Rest of the World (RoW). Currently, North America is the largest market for security screening systems in terms of revenue. The major factor driving the growth of security screening market in North America is the stringent security processes in the U.S. and Canada. However, Asia Pacific is expected to be the most lucrative market for security screening systems in coming years. This growth is majorly attributed to the rising threat of terror attacks and smuggling activities. In addition, increasing airport and entertainment infrastructure projects in Asia Pacific is another significant factor boosting the demand for security screening systems.

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Some of the leading companies in security screening market are Analogic Corporation, Aware, Inc., Digital Barriers plc, Argus Global Pty Ltd, Magal Security Systems Ltd, Safran SA, American Science and Engineering, Inc., Implant Sciences Corporation, OSI Systems, Inc., Smiths Group plc and others.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America
Asia Pacific
Europe
Middle East and Africa
Latin America

This report provides comprehensive analysis of

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments

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