According to the new research report published by The Insight Partners, titled “X-Ray Security Scanner Market– Global Analysis and Forecasts to 2027”, the global X-Ray Security Scanner market is expected to reach US$ 7,282.8, Millon, by 2027; registering a CAGR of 6.5% during the forecast period 2019 to 2027.
In 2017, North America and Europe contributed the largest share of market revenue which accounted for more than 50% of the overall X-Ray Security Scanner market. The increasing security concerns in the airport and a large amount of baggage scanning is influencing the market growth in these regions.
APAC led the X-ray security scanner market in 2017 with more than one-third of the market share and it is expected to maintain its dominance during the forecast period by growing at a CAGR of more than 7.6%.
Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis – https://www.theinsightpartners.com/sample/TIPTE100000997/
The demand of X-ray security scanners in near future is mainly driven by growing air transport and constant geopolitical unrest across various geographical regions. Also, terrorism and criminal threats further boost the deployment of the device with variation by geography and end-user segment. Besides this, the mounting installed base further creates prospects for aftermarket and software upgrade returns. Companies operating in the market are focusing on expanding their footprints into emerging economies of the world. This is due to increasing infrastructural developments in these economies owing to the increasing urban population. Also, stringent government regulations regarding safety and security concerns are propelling the growth of the market. The high risk of terror attacks is another factor bolstering the market growth. The government of countries across the globe is concerned about their public safety and hence, mandating proper security checks in public places.
The X-Ray Security Scanner market has been segmented on the basis of product type into full-body X-ray scanners and baggage scanners. Further, the baggage scanner segment is sub-segmented into handheld scanners, cabinet X-ray systems, and cargo and vehicle inspection systems. Also, the market is categorized by end-user segment into air transport, land security, commercial malls and multiplexes, government and banks, postal items, and others. Air transport is the largest segment by end-user, which accounts for more than half of the total market share of the X-ray security scanner market.
Schedule a pre-sale discussion with the author team in a slot that you prefer to address queries on the scope of the report, customization, introduction to the methodology, assistance on technologies, and market definitions – https://www.theinsightpartners.com/inquiry/TIPTE100000997/
Growing Air Passenger Traffic Resulting in Expansion of Airport Infrastructure
The global air travel industry is growing at a rapid pace. According to a report released by Boeing related to the current market outlook of the aviation industry (2017–2036), the number of air passengers grew at 6.2% Y-o-Y during the past five years. The factors such as high living standards coupled with a rising middle-class population, particularly in emerging markets have resulted in increased growth. Also, growth in consumer spending related to tourism and travel in key economies has strengthened the demand for air travel. Owing to increasing air passenger traffic, there is a need to expand existing airport capacity and construct new airport infrastructure worldwide. Thus, significant investments in airport infrastructure have been noticed during the past few years and is expected to continue over the next 20 years. Further, the report states that during 2017–2021, there will be an investment of about US$ 1 trillion in new and existing airports globally. Also, APAC will account for nearly 40% of that investment.
X-ray Security Scanner Product Type-Based Market Insights
On the basis of product type, the global X-Ray Security Scanner market is segmented into conventional X-ray scanners and CT scanners. X-ray security scanners are advanced screening equipment that involves the security of individuals at places such as airports, government applications, border checkpoints, railways, public places, stadiums, private sectors, and others. There are several projects funded by CASRA that provides training related to X-ray scanners used at airports. Some of the projects include Osarp Training Study, 2D VS. 3D X-RAY Image Display Study, and ACXIS among others. With the aid of security scanner items such as explosive trace detectors, full-body X-ray scanners, electromagnetic metal detectors, biometric technology, communication technology, etc., an increase in illegal and unethical practices all over the world can be prohibited. X-ray safety scanning helps secure public spaces with regard to illegal activities and prevents economic, financial, among others.
X-ray Security Scanner Market: Competitive Landscape and Key Developments
Astrophysics, Inc., ADANI, Eurologix Security Group, L3 Security & Detection Systems, Nuctech Company Limited, OSI Systems, Inc., Gilardoni S.P.A., Kromek Group PLC, Smiths Detection Inc., and Teledyne ICM and Thales Group are among the key players in the global X-ray Security Scanner market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.
Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods – https://www.theinsightpartners.com/buy/TIPTE100000997/
In 2019, OSI System’s security division received a contract worth US$14 Mn to provide cargo and vehicle inspection systems; baggage and parcel inspection systems and also offer maintenance and support services.
In 2017, L3 Technologies Inc. acquired ETD business of Implant Sciences Corporation, and added to its L3 Security & Detection Systems division, to boost their leadership in security solutions and improve their capabilities in national and aviation security markets.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: [email protected]
Phone: +1-646-491-9876
