Global X-Ray SecurityScreening Market is expected to reach USD 2.89 billion by 2020, according to a new study by Grand View
Research, Inc. Threats pertaining to piracy, drug trade, cross-border
terrorism, human trafficking, etc., are anticipated to fuel global x-ray
security screening market demand over the forecast period. The risk of
terrorist attack has driven investment in the aviation security. Further,
illegal arms, drug trafficking and immigration have heightened border security,
which is expected to favorably impact the demand for body & baggage
screening systems and explosive detection systems.
The sales of x-ray
security and inspection systems significantly rely on the decision of
governmental agencies to upgrade or expand existing border crossing inspection
sites, airports, seaport inspection sites, military facilities, and other
security installations. The decision of governmental agencies to incorporate
new systems or to upgrade existing infrastructure plays an important role in
driving market demand. Further, the aviation sector has to keep pace with
evolving travel environment by adopting several security measures, which is
expected to drive the x-ray security screening market over the next few years.
Development of flexible security screening systems in order to address terror threats
is also anticipated to fuel market demand. In addition, upgrades for existing
installations provide opportunities for market growth. However, ionizing
radiations generated by x-ray security scanners are known to be carcinogenic,
and may hinder market growth over the forecast period.
Full Research Report on Global X-Ray Security Screening
Market Analysis:
Further key findings from the study suggest:
- The transit sector is poised for high
growth over the forecast period. X-ray security screening systems are
primarily used for baggage screening, and account for substantial usage
across the civil aviation sector.
- X-ray security screening exhibits high
penetration in the government sector, and accounted for substantial market
share in 2013. Upgrades for existing installations are expected to drive
the regional market demand, particularly across the border security
application. The decision of governmental agencies to incorporate new
systems or to upgrade existing infrastructure plays an important role in
driving market demand.
- Product screening accounted for
considerable market share in 2013, with significant demand originating
from the cargo and baggage screening applications.
- North America accounted for a sizable
share of the global x-ray security screening market in 2013. The Homeland
Security Department has invested heavily in U.S. customs and border
security, which is expected to catapult the segment demand over the
forecast period.
- A few key industry participants,
including OSI Systems (Rapiscan), Smiths Detection, American Science and
Engineering, Morpho Detection and Analogic Corporation are constantly
innovating with considerable R&D investments to gain competitve
advantage, and maintain strong market position.
View more reports of this category by Grand View Research
at: http://www.grandviewresearch.com/industry/electronic-security-systems-and-devices
For the purpose of this study, Grand View Research has
segmented the Global X-Ray Security Screening Market on the basis of end-use,
application and region:
X-Ray Security Screening End-Use Outlook (Revenue, USD
Million, 2012 - 2020)
- Transit
- Commercial
- Government
X-Ray Security Screening Application Outlook (Revenue,
USD Million, 2012 - 2020)
- People Screening
- Product Screening
X-Ray Security Screening Regional Outlook (USD Million,
2012 - 2020)
- North America
- Europe
- Asia Pacific
- RoW
View Press Release of this research report by Grand View
Research: http://www.grandviewresearch.com/press-release/global-x-ray-security-screening-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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