Global X-Ray Security Screening System Market to reach USD 3.1 BN by 2025 with a CAGR of 5% from 2019-2025
Posted On July 17, 2019
Value Market Research added a new report on Global X-Ray Security Screening System Market. It shows that the market will generate USD 3.1 BN (revenue) by 2025 with a CAGR of 5% during 2019-2025 and was valued USD 2.2 BN (by revenue) in 2018. As per the analysis rising security concern due to the growing terrorist and illegal activities all over the world is the major factor fueling the market demand. Growing illegal contraband weaponry and drugs across the globe is also expected to foster market growth. Additionally, rising government initiatives for enforcing safety and security protocols coupled with the advancement in the security system is further projected to aid in the market growth. Moreover, rising installment of such security system across the national and international border as these areas are more prone to terror attacks are also anticipated to fuel industry expansion.
X-ray security screening system is a security inspection solution which is a very important tool in the protection of critical infrastructure since they are used to detect the threat and explosives objects such as weapons and illegal drugs across various important places like government buildings, prison, malls, hospitals, airports, etc. It automatically detects and indicate the dangerous and illegal items on or inside the human body. One of the most important benefits of this system is that they also detect explosives liquids even if it is concealed. This system is broadly used across checkpoints all over the world for inspection in order to prevent terrorism, narcotrafficking and other modern menaces
The report "Global X-Ray Security Screening System Market Report By End-Use (Transit Industry, Commercial, And Government), By Application (Product Screening And People Screening) And By Regions - Industry Trends, Size, Share, Growth, Estimation, And Forecast, 2018-2025" covers major segments, factor influencing developments, major challenges, opportunities, and competitive dashboard.
Market segmentation section includes end-user, application, and region. End-use include transit industry, commercial, and government. Transit industry held the leading position as this encounter huge transportation of goods and are more prone to terrorist attacks and smugglings activities. Application encompass product screening and people screening. Product screening holds the largest share in the market and this can be accredited to the rising transportation of illegal items like drugs and weaponry across the border. Geographical segmentation covers North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is dominating the overall market and this can be attributed to the rising adoption of this system across government buildings and defense sector. Also, upgrading of an existing system coupled with the increased security measures at international airports is further expected to boost regional market value.
The Report Segments Global X-Ray Security Screening System Market -
Middle East & Africa
Players Profiled In The Report:
3DX-RAY Ltd., Adani Systems Inc., Analogic Corporation, Astrophysics Inc., Autoclear LLC, Eurologix Security Group Ltd., Gilardoni Spa, Kapri Corp, L-3 Communications Security & Detection Systems, Leidos Holdings, Inc., MinXray, Inc., Nuctech Company Ltd., OSI Systems, Inc., Scanna MSC Ltd., Smiths Detection, Todd Research Ltd., Totalpost Ltd., Vanderlande, Vidisco Ltd., VJ Technologies Inc, Westminster International Ltd. and YXLON International GmbH.
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