X-Ray Security Screening System Market to Flourish with an Impressive CAGR by 2027
A report by GMI, Inc. estimates that the X-ray security screening system market could amass USD 5.5 billion in value through 2027. X-ray security screening system have become pivotal across airports and border checks owing to rise in cases of smuggling of illegal items like weapons and drugs. Using these systems, authorities can scan people’s belongings as well as cargoes for hazardous items.
X-ray security screening system market have gained significant demand with imposition of strict security checks across government facilities, airports and sports stadiums. The adoption of advanced technologies like machine learning and AI is helping improve overall detection capabilities of these systems.
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With rising complexity of hardware associated with these security screening systems, there will be a consequent demand for efficient installation and maintenance services. Companies specializing in X-ray security screening system industry are focusing on offering superior-quality services to capture a large market share along with ensuring longevity of their solutions.
Manufacturers are frequently introducing advanced systems that are reliable, precise, and are also easy to use. Market players are also inking strategic partnerships, alliances, and mergers and acquisitions to gain a competitive edge over other related firms.
In August 2021, Liberty Defense Holdings Ltd., a concealed weapons and thread detection specialist, inked a technical and marketing collaboration with Micro-X Inc, to explore a combined technology offering using Liberty’s HEXAWARE walk-through screening portal for improved people and passenger screening in both aviation or commercial security environment.
Areas such as prisons, courts, and government offices are steadily incorporating X-ray security screening system market. The deployment of these advanced security technology in government buildings ensures the safety of resources, employees, and assets.
As government offices hold confidential documents, there is a growing need to protect such infrastructure from potential breach. Use of highly advanced X-ray systems becomes crucial to scan people in parliament buildings during meetings and safeguard government officials. Meanwhile, prisons are adding security screening solutions to detect any hidden drugs or hazardous materials being smuggled to prisoners.
Large-scale infrastructure projects like airports in Europe has driven the need for technologically advanced X-ray systems. In January 2020, Spanish airport authority, Aena announced its plan to invest nearly USD 1.84 billion under its 2022-2026 Strategic Plan, to remodel its Adolfo Suárez Madrid-Barajas unit.
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All in all, developments in transportation infrastructure across regions like Europe and Latin America will drive the demand for advanced X-ray security systems that allow authorities to protect people and assets.
The surge in the number of terrorist attacks, open gunfire at public spaces, and bombings have encouraged authorities to adopt advanced screening systems. With airports and railway stations becoming a primary target for terrorists, there will continue to be an increasing need for screening systems at such terminals.
Driven by the increasing investments made in R&D by the market players to introduce innovative and highly reliable security solutions, the global X-ray security screening system market size is slated to witness rapid growth over time.
Table of Contents (ToC) of the report:
Chapter 1 Methodology and Scope
1.1 Scope & definitions
1.2 Methodology and forecast parameters
1.3 COVID-19 impact
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 MEA
1.4 Data sources
1.4.1 Secondary
1.4.2 Primary
Chapter 2 Executive Summary
2.1 X-ray security screening system market 3600 synopsis, 2017 - 2027
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Component trends
2.1.4 Type trends
2.1.5 Application trends
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