Global Security Screening Systems Market to Reach US$ 13.4 Billion by 2032, Influenced by Rising Terrorist Threats

October 01, 2019 | Technology & Media

IMARC Group’s latest report, titled “Security Screening Systems Market Report by Product Type (X-Ray Screening Systems, Explosive Trace Detector, Electromagnetic Metal Detector, Shoe Scanner, Liquid Scanner, Biometric Systems), Application (Transit, Government, Commercial), and Region 2024-2032”, finds that the global security screening systems market size reached US$ 8.5 Billion in 2023. Security screening systems detect the presence of any illegal or prohibited items by examining individuals and their luggage. The traditional security methods, such as manual scanning, are now being replaced with enhanced X-ray security screening systems that enable advanced imaging of individuals without any inconvenience and intrusion of their privacies. Security screening technology helps in safeguarding people from explosives, concealed weapons and other contrabands without any physical contact between the screener and the object that is being screened. As a result, these systems are commonly deployed at government offices, border terminal points, airports, railway stations, educational institutions and various commercial complexes to provide protection against terrorism and from any other threats.

Global Security Screening Systems Market Trends:

The rising threat of terrorism, militant encroachments, smuggling of illegal weapons or products have escalated the demand for security screening systems around the world. These state-of-the-art systems involve security equipment that is capable of scanning internal body parts to detect the presence of illicit drugs or smuggled goods. Besides this, several technological advancements have enabled manufacturers to develop sensor and biometric technologies for enhancing and improving security methods by employing voice, face, fingerprint, iris and retina scanners for security authentication. Apart from this, expeditious development in the information and communication technology (ICT) has led to the adoption of comprehensive screening systems to safeguard consumers’ identity and confidential information from being accessed by unauthorized hackers. For instance, fingerprint recognition and biometric scanning have become reliable solutions in the IT industry as they are unique for each individual and significantly minimize the possibilities of identity theft. Also, governments of numerous countries are introducing stringent regulations to ensure public safety. This, along with the rapid urbanization and globalization, has led to the installation of security screening systems across the corporate sectors to restrict invasion of unauthorized personnel and to promote confidentiality. Looking forward, the market value is projected to reach US$ 13.4 Billion by 2032, expanding at a CAGR of 5.1% during 2024-2032.

Market Summary:

  • Based on the product type, X-ray screening systems represent the most preferred product type. Other major segments include explosive trace detector, electromagnetic metal detector, shoe scanner, liquid scanner and biometric systems.
  • On the basis of the application, the market has been segregated into transit, government and commercial sectors. The transit sector currently accounts for the majority of the total market share.
  • Region-wise, North America enjoys the leading position in the market, accounting for the majority of the overall market share. Other major regions are Asia Pacific, Europe, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has also been examined with the presence of several key players operative in the industry. Some of the screening systems market competitors include American Science and Engineering, Inc., Analogic Corporation, Argus Global Pty Ltd., Aware Incorporation, Digital Barriers PLC, Magal Security Systems Ltd., OSI Systems, Inc., Safran SA and Smiths Group PLC.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered American Science and Engineering, Inc., Analogic Corporation, Argus Global Pty Ltd, Aware Incorporation, Digital Barriers PLC, Magal Security Systems Ltd., OSI Systems, Inc., Safran SA, and Smiths Group PLC
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Security Screening Systems Market to Reach US$ 13.4 Billion by 2032, Influenced by Rising Terrorist Threats
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