Global Security Screening Market Size, Trends & Growth Opportunity, By Technology (X-Ray Screening, Electromagnetic Metal Detection, Biometric, Spectrometry and Spectroscopy, and Others), By Application (People Screening, Baggage and Cargo Screening, and Vehicle Inspection), By End Use (Transportation, Retail Stores and Malls, Hospitality, Government, Commercial, Industrial, Educational Institutes, and Events & Sports), By Region and Forecast till 2027.
Report ID : IR100188 | Industries : Energy & Power | Published On :May 2024 | Page Count : 244
Global Security Screening Market Size, Trends & Growth Opportunity, By Technology (X-Ray Screening, Electromagnetic Metal Detection, Biometric, Spectrometry and Spectroscopy, and Others), By Application (People Screening, Baggage and Cargo Screening, and Vehicle Inspection), By End Use (Transportation, Retail Stores and Malls, Hospitality, Government, Commercial, Industrial, Educational Institutes, and Events & Sports), By Region and Forecast till 2027.
Global Security Screening Market
Global security screening Market was valued at USD $10.35 billion in 2021 which is expected to reach USD 19.18 billion by 2027 at a CAGR 10.65%.
Security screening enable individuals to access classified information or restricted areas, by thorough frisking & background check.
Market Drivers
The growing terrorist attack and the increase in need for preventing unethical and unlawful acts is a major key driving factor which expected to boost the global security screening market growth over the forecast period. For instance, as per the Global Terrorism Database documents, in 2018, there were around 9,600 terrorist attacks across the globe, which killed around 22,980 people, including approximately 7,290 perpetrators and 15,690 victims.
Easy availability of integrated screening systems due to continuous technological advancements has enabled vendors to integrate traditional screening and scanning products, thereby propelling the global security screening market growth. Furthermore, Favorable government policies supporting screening devices installations to ensure public safety is expected to accelerate the market growth. Moreover, the increase in security concerns in aviation & increased demand for large scale security surveillance at public gatherings are expected to fuel the global security screening market growth throughout the forecast period.
Market Restraints
High installation costs, high risk of negative publicity of defense, and growing privacy concerns are major restraining factors which are expected to hamper the growth of global security screening market during this forecast period. Also, competitive pressure on manufacturers and strong health effects of full body scanning may hinder the growth of global security screening market.
Market Segmentation
The Global Security Screening Market is segmented into technology such as X-Ray Screening, Electromagnetic Metal Detection, Biometric, Spectrometry and Spectroscopy, and Others. The biometric systems used for security screening include fingerprint scanners, face scanners, and Iris Scanners. It helps in the identification of criminals by comparing the scans with the database of existing biometric records. This system requires less time to scan and have more accuracy. Hence, biometric systems can be used in applications such as access control in offices/buildings, e-commerce, immigration, and border control.
On the basis of application, market is segmented into People Screening, Baggage and Cargo Screening, and Vehicle Inspection.
Further, market is segmented into end use such as Transportation, Retail Stores and Malls, Hospitality, Government, Commercial, Industrial, Educational Institutes, and Events & Sports.
Regional Analysis
The Global Security Screening Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America is the largest market for security screening in terms of revenue. Due to the increase in adoption of security screening systems for security checks, especially in public places. Further, APAC is expected to witness the high installation of security systems to address constant terrorist threats.
Key Players
The major players in the security screening market are Smiths Detection Inc, OSI Systems Inc., Gilardoni SpA, CEIA SpA, Astrophysics Inc., Nuctech Company, Analogic Corporation, Teledyne ICm, 3DX-Ray Ltd, L-3 Communications Security and Detection Systems Inc., etc. These companies have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration.
Market Taxonomy
By Technology
• X-Ray Screening
• Electromagnetic Metal Detection
• Biometric
• Spectrometry and Spectroscopy
• Others
By Application
• People Screening
• Baggage and Cargo Screening
• Vehicle Inspection
By End Use
• Transportation
• Retail Stores and Malls
• Hospitality
• Government
• Commercial
• Industrial
• Educational Institutes
• Events & Sports
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Security Screening Market?
• What will be the growth rate from 2021 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Security Screening Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Security Screening Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Security Screening Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Security Screening Market Share Analysis, By Technology
5.3 Global Security Screening Market Size and Forecast, By Technology
5.3.1 X-Ray Screening
5.3.2. Electromagnetic Metal Detection
5.3.3. Biometric
5.3.4. Spectrometry and Spectroscopy
5.3.5. Others
6 Global Security Screening Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Security Screening Market Share Analysis, By Application
6.3 Global Security Screening Market Size and Forecast, By Application
6.3.1 People Screening
6.3.2 Baggage and Cargo Screening
6.3.3 Vehicle Inspection
7 Global Security Screening Market, By End Use
7.1 Y-o-Y Growth Comparison, By End Use
7.2 Global Security Screening Market Share Analysis, By End Use
7.3 Global Security Screening Market Size and Forecast, By End Use
7.3. 1 Transportation
7.3.2. Retail Stores and Malls
7.3.3. Hospitality
7.3.4. Government
7.3.5. Commercial
7.3.6 Industrial
7.3.7 Educational Institutes
7.3.8 Events & Sports
8Global Security Screening Market, By Region
8.1 Global Security Screening Market Share Analysis, By Region
8.2 Global Security Screening Market Share Analysis, By Region
8.3 Global Security Screening Market Size and Forecast, By Region
9 North America Security Screening Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Security Screening Market Share Analysis, By Technology
9.3 North America Security Screening Market Size and Forecast, By Application
9.4 North America Security Screening Market Size and Forecast, By End Use
9.5 North America Security Screening Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10EuropeSecurity Screening Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Security Screening Market Share Analysis, By Technology
10.3 Europe Security Screening Market Size and Forecast, By Application
10.4 Europe Security Screening Market Size and Forecast, By End Use
10.5 Europe Security Screening Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Security Screening Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Security Screening Market Share Analysis, By Technology
11.3 Asia Pacific Security Screening Market Size and Forecast, By Application
11.4 Asia Pacific Security Screening Market Size and Forecast, By End Use
11.5 Asia Pacific Security Screening Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Security Screening Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Security Screening Market Share Analysis, By Technology
12.3 Latin America Security Screening Market Size and Forecast, By Application
12.4 Latin America Security Screening Market Size and Forecast, By End Use
12.5 Latin America Security Screening Market Size and Forecast, Country
13Middle East Security Screening Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Security Screening Market Share Analysis, By Technology
13.3 Middle East Security Screening Market Size and Forecast, By Application
13.4 Middle East Security Screening Market Size and Forecast, By End Use
13.5 Middle East Security Screening Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Smiths Detection Inc
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. OSI Systems Inc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Gilardoni SpA
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 CEIA SpA
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Astrophysics Inc
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Nuctech Company Limited
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Analogic Corporation
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Teledyne ICm
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 3DX-Ray Ltd
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 L-3 Communications Security and Detection Systems Inc.
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies