Security Screening Market Growth, Trend and Forecast to 2022

Security is becoming one of the biggest concerns for governments all over the world. Security screening refers to the screening of individuals and their belongings in order to avoid economic, financial and personal loss in the future. This is generally done at public places like airports, railways, border checkpoints, banks among other places which either has a large influx of people or mean a lot for the government in terms either security or economy. Each country is developing more and more security screening products to counter the terrorist activities that have been rising recently. After the 9/11 attack in the USA and the 2008 attack in Mumbai, the whole world is made aware that no place is safe. So even the private commercial entities are investing a lot in security screening assets to safeguard their assets.

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End-user/Technology

Security Screening market consists of several products like explosive trace detectors, electromagnetic detectors, X-ray detectors among others where each employs a different variety of technology. The main users are all the government bodies and large privately owned institutions who want to safeguard their assets against unethical and unlawful practices.

Market Dynamics

Instead of using a single type of technology, the market is currently focusing on integrated screening systems. Hence, vendors in this market are continuously trying to update their product mix through innovation and constant research. They continuously spend on R&D to advance their technology for better detection of any unethical practice. Currently, the demand for an x-ray radiation security system is on the rise owing to their ability to see through many layers of materials. Increase in the number of airports and other important public places all over the world along with the growing acts of terrorism is guiding this sector forward at a tremendous pace. On the other hand, the success of this market is restrained by the harmful effects of radiation on the human body, fear of privacy interruption, high installation cost and negative publicity of defence.

Market Segmentation

Global security screening market is segmented on the basis of the type of product, application and geography.
On the basis of the type of product used, the market is segmented into: –
Biometric systems
X-ray systems
Liquid scanners
Electromagnetic metal scanners
Explosive trace detectors
Shoe scanners
On the basis of place of application, the market is segmented into: –
Airports
Border check points
Public places
Private commercial places
Others
On the basis of geography, the market is segmented into: –
USA
Europe
APAC
Rest of the world

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Regional/Geographic Analysis

The current market is dominated by the USA owing to their strict security protocols and their immense expense on security owing to the recent terrorist attacks. But the APAC region is expected to grow at the highest rate closely followed by the USA in the upcoming future. Europe is also a promising market owing to a large number of developed companies with huge pockets to spend on these expensive security screening systems.

Opportunities

Security screening market runs on innovations. Every company tries to innovate better product through their research to get a head start from their competitors. This sector has a strong correlation with information and communication technology sector. It is due to the advancement of technology in the radiation and sensor field that today we have contactless detection systems. Thus, the market players are constantly working towards new product offerings and hence the future of the security screening market is very bright as the advancement in technology knows no bounds.

Key Players

The key players in the market include Safran, American Science and Engineering, OSI Systems, Smiths Group, Digital Barriers among others.

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