Global Security Screening Market Analysis by Device Type, Application, End-Use, Region and segments forecast till 2033
Market Overview
The global security screening market was worth USD 8,350 million in 2022 and is anticipated to amplify at a CAGR of 10.2%, thereby amassing a valuation of USD 19,180 million by end of the assessment timeframe.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 8,350 million |
Market Forecast in 2033 | USD 19,180 million |
CAGR % 2023-2033 | 10.2% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Honeywell, OSI Systems, L-3 Communications Holdings, Lockheed Martin Corporation, Raytheon Technologies, FLIR Systems, Argus TrueID, Safran, Shenzhen Security Electronic Equipment Co., Limited, Bruker, Aware, Inc., Muon Systems, Analogic Corporation, ADANI Systems, American Science and Engineering Inc., Leidos, Implant Sciences Corporation, Astrophysics Inc., Magal Security Systems Ltd., Digital Barriers plc, Lingacom Ltd., Nuctech Company Limited, 3DX-Ray Ltd., Teledyne ICM SA, Passport Systems Inc., CEIA SpAg , Thales, NEC, and Smiths Detection. |
Global Security Screening Market- Description
Security screening refers to a procedure that is intended to prevent prohibited items and other threats from entering a designated area like airport. Equipment such as metal detectors, x-ray machines, and millimeter waves machines are used to detect the presence of any dangerous item like explosives. This process is predominantly aimed at the protection of citizens from malicious harm, crime, and terrorist attacks.
Rise in terrorism and fraudulent activities, increase in the number of airports, and technological advancements in the field are primarily augmenting the dynamics of this industry sphere. Furthermore, surge in cross-border conflicts, easy availability of integrated screening systems, and favorable government policies to promote screening activities in public places are adding momentum to the market progression.
Also, escalating demand from the defines sector, rising security concerns in aviation, and increasing adoption of biometric systems in corporate workplaces are creating lucrative opportunities for the marketplace to prosper. On the contrary, high installing costs pertaining to security screening devices is hindering the remuneration scope of this industry vertical.
Global Security Screening Market: Key Trends
· Surging Security Concerns in Aviation to Aid Market Expansion:
There has been a steep rise in the prevalence of terrorist activities in the aviation sector. This has escalated the demand for efficient security screening measures across airports for the determination of any malicious activity. Moreover, governments across the globe have also implemented stringent policies to prevent criminal activities like hijacks and blasts. This in turn has created an upward trend for the market.
· Technological Advancements in The Field to Fuel Market Growth:
With the emergence of various innovative technologies, the security screening system has also evolved. The integration of IoT in the field has enabled real-time surveillance to highlight the presence of any prohibited item in airports, offices, and other public places. Moreover, these advanced systems are also equipped with the ability to verify the identity of an individual to prevent the chance of any malicious activity in public places. These factors have contributed to the progression of this business sphere.
Global Security Screening Market- Segmental Analysis
By Device Type:
• X-Ray Screening
o Body Scanners
o Baggage Scanners
o Handheld Scanners
• Biometric
o Fingerprint Recognition
o Facial Recognition
o Iris Recognition
o Vein Recognition
o Retina Recognition
o Others
• Electromagnetic Metal Detection
o Walk Through
o Handheld
o Ground Search
o Others
• Spectrometry and Spectroscopy
• Others
The biometric segment is slated to amass notable gains over owing to the accuracy of biometric security screening systems.
By Applications:
• People Screening
• Mail and Parcel
• Baggage and Cargo Screening
• Explosives and Narcotics
• Vehicle Inspection
• Others
The baggage and cargo screening segment is expected to garner significant returns over the stipulated timeline attributing to the steep rise in the number of air passengers across the globe.
By End Use:
• Transportation
• Retail Stores and Malls
• Hospitality
• Government
• Industrial
• Commercial
• Educational Institutes
• Events and Sports
• Others
The events and sports segment is predicted to showcase lucrative growth trends over the estimated timeframe. This is credited to the surging terrorist and criminal activities in areas with massive gatherings.
Global Security Screening Market: Geographical Landscape
North America, Middle East & Africa, Europe, Latin America, and Asia Pacific are the major regions constituting the geographical ambit of this business sphere. Among these, Asia Pacific is projected to capture a high revenue share. This is attributable to the rise in terrorist activities, increase in the number of airports, and widespread technological advancements in the field.
Global Security Screening Market- Recent Developments
· In March 2023, Smiths Detection, a leading provider of security screening solutions, announced that it had received a contract worth USD 80 million to supply advanced X-ray scanners for security screening at airports in the US. The scanners use advanced imaging technology to detect concealed explosives and other threats.
· In February 2023, Rapiscan Systems, a global supplier of security screening solutions, announced the launch of a new checkpoint screening system that combines advanced X-ray technology with artificial intelligence (AI) and machine learning algorithms to enhance security and streamline the screening process.
Global Security Screening Market: Company Profiles
· Honeywell
· OSI Systems
· L-3 Communications Holdings
· Lockheed Martin Corporation
· Raytheon Technologies
· FLIR Systems
· Argus TrueID
· Safran
· Shenzhen Security Electronic Equipment Co., Limited
· Bruker
· Aware, Inc.
· Muon Systems
· Analogic Corporation
· ADANI Systems
· American Science and Engineering Inc.
· Leidos
· Implant Sciences Corporation
· Astrophysics Inc.
· Magal Security Systems Ltd.
· Digital Barriers plc
· Lingacom Ltd.
· Nuctech Company Limited
· 3DX-Ray Ltd.
· Teledyne ICM SA
· Passport Systems Inc.
· CEIA SpAg
· Thales, NEC
· Smiths Detection.
· Others
Global Security Screening Market: Regional Scope
North America
· U.S.
· Canada
· Mexico
Europe
· U.K.
· Germany
· France
· Italy
· Spain
· Rest of Europe
Asia Pacific
· China
· India
· Japan
· South Korea
· Australia
· Rest of Asia Pacific
South America
· Brazil
· Argentina
· Rest of South America
Middle East and Africa
· Saudi Arabia
· UAE
· Egypt
· South Africa
· Rest of Middle East and Africa
Why to buy this Report?
Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis.
Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in the market.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.
1. Global Security Screening Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Security Screening Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years – 2020 to 2021
1.3.2. Projected Data Reporting Years – 2022 to 2033
1.3.3. Reporting Data Parameters – Value (US$ Million)
1.4. Global Security Screening Market Scope and Market Estimation
1.4.1. Global Security Screening Market Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Security Screening Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Security Screening Segmentation
1.5.1. Device Type of Global Security Screening Market
1.5.2. Application of Global Security Screening Market
1.5.3. End Use of Global Security Screening Market
1.5.4. Key Regions of Global Security Screening Market
2. Global Security Screening Market - Executive Summary
2.1. Global Security Screening Market – Summary & Snapshot
2.2. Global Security Screening Market, By Device Type (US$ Million)
2.3. Global Security Screening Market, By Application (US$ Million)
2.4. Global Security Screening Market, End Use (US$ Million)
2.5. Global Security Screening Market, By Geography (US$ Million)
2.6. Global Security Screening Market Outlook & Future Opportunities
3. Security Screening Trends, Outlook, and Factors Analysis
3.1. Global Security Screening Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Security Screening Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Security Screening Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Security measures in public areas are becoming increasingly important.
3.2.1.2. Biometrics solutions are in high demand in the private sector.
3.2.1.3. The surge in security screening systems is due to an increase in terrorism and fraudulent activities, as well as strict regulatory regulations.
3.2.2. Restraints
3.2.2.1. Installation of full body scanners comes at a considerable expense, and X-ray radiation from these scanners causes health problems.
3.2.3. Opportunities
3.2.3.1. Increased adoption of smart security screening technology in emerging countries is projected to open up new development opportunities.
3.2.3.2. Increased development in the information and communication technology (ICT) sector.
3.2.3.3. Technological advancements in sensor technology.
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porter’s Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Security Screening
3.8. Technological Roadmap
3.9. Key Investment Pockets of Security Screening
3.9.1. By Device Type
3.9.2. By Application
3.9.3. By End Use
3.9.4. By Regions
4. Global Security Screening Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Security Screening Market, 2020 – 2021 (US$ Million)
4.2. Global Security Screening Market, By Device Type, 2020 To 2021 (US$ Million)
4.3. Global Security Screening Market, By Application, 2020 To 2021 (US$ Million)
4.4. Global Security Screening Market, By End Use, 2020 To 2021 (US$ Million)
4.5. Global Security Screening Market, By Region, 2020 To 2021 (US$ Million)
5. Global Security Screening Market Estimates & Forecast Trend Analysis, by Device Type
5.1. Global Security Screening Market Share (%) Estimates and Forecasts, by Device Type, 2022 & 2033
5.2. Global Security Screening Market Revenue (US$ Million) Estimates and Forecasts, by Device Type, 2022 to 2033
5.2.1. X-Ray Screening
5.2.1.1. Body Scanners
5.2.1.2. Baggage Scanners
5.2.1.3. Handheld Scanners
5.2.2. Biometric
5.2.2.1. Fingerprint Recognition
5.2.2.2. Facial Recognition
5.2.2.3. Iris Recognition
5.2.2.4. Vein Recognition
5.2.2.5. Retina Recognition
5.2.2.6. Others
5.2.3. Electromagnetic Metal Detecton
5.2.3.1. Walk Through
5.2.3.2. Handheld
5.2.3.3. Ground Search
5.2.3.4. Others
5.2.4. Spectrometry and Spectroscopy
5.2.5. Others
6. Global Security Screening Market Estimates & Forecast Trend Analysis, by Application
6.1. Global Security Screening Market Share (%) Estimates and Forecasts, By Application, 2022 & 2033
6.2. Global Security Screening Market Revenue (US$ Million) Estimates and Forecasts, by Application, 2022 to 2033
6.2.1. People Screening
6.2.2. Mail and Parcel
6.2.3. Baggage and Cargo Screening
6.2.4. Explosives and Narcotics
6.2.5. Vehicle Inspection
6.2.6. Others
7. Global Security Screening Market Estimates & Forecast Trend Analysis, by End Use
7.1. Global Security Screening Market Share (%) Estimates and Forecasts, By End Use, 2022 & 2033
7.2. Global Security Screening Market Revenue (US$ Million) Estimates and Forecasts, by End Use, 2022 to 2033
7.2.1. Transportation
7.2.2. Retail Stores and Malls
7.2.3. Hospitality
7.2.4. Government
7.2.5. Industrial
7.2.6. Commercial
7.2.7. Educational Institutes
7.2.8. Events and Sports
7.2.9. Others
8. Global Security Screening Market Analysis and Forecast, by Region
8.1. Global Security Screening Market Share (%) Estimates and Forecasts, By Region, 2022 & 2033
8.2. Global Security Screening Market Revenue (US$ Million) Estimates and Forecasts, By Region, 2022 To 2033
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Middle East and Africa
8.2.5. Latin America
9. North America Security Screening: Estimates & Forecast Trend Analysis
9.1. North America Security Screening Assessments & Key Findings
9.2. North America Security Screening Share (%) Estimates and Forecasts, 2022 & 2033
9.3. North America Security Screening Size Estimates and Forecast (US$ Million) (2022 To 2033)
9.3.1. By Device Type
9.3.2. By Application
9.3.3. By End Use
9.3.4. By Major Country
9.3.4.1. The U.S.
9.3.4.2. Canada
10. Europe Security Screening: Estimates & Forecast Trend Analysis
10.1. Europe Security Screening Assessments & Key Findings
10.2. Europe Security Screening Share (%) Estimates and Forecasts, 2022 & 2033
10.3. Europe Security Screening Size Estimates and Forecast (US$ Million) (2022 to 2033)
10.3.1. By Device Type
10.3.2. By Application
10.3.3. By End Use
10.3.4. By Major Country
10.3.4.1. Germany
10.3.4.2. The U.K.
10.3.4.3. France
10.3.4.4. Italy
10.3.4.5. Spain
10.3.4.6. Rest of Europe (includes all other European countries)
11. Asia Pacific Security Screening: Estimates & Forecast Trend Analysis
11.1. Asia Pacific Security Screening Assessments & Key Findings
11.2. Asia Pacific Security Screening Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Asia Pacific Security Screening Size Estimates and Forecast (US$ Million) (2022 To 2033)
11.3.1. By Device Type
11.3.2. By Application
11.3.3. By End Use
11.3.4. By Major Country
11.3.4.1. China
11.3.4.2. Japan
11.3.4.3. India
11.3.4.4. ASEAN
11.3.4.5. South Korea
11.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
12. Middle East & Africa Security Screening: Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Security Screening Assessments & Key Findings
12.2. Middle East & Africa Security Screening Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Middle East & Africa Security Screening Size Estimates and Forecast (US$ Million) (2022 To 2033)
12.3.1. By Device Type
12.3.2. By Application
12.3.3. By End Use
12.3.4. By Major Country
12.3.4.1. GCC
12.3.4.2. South Africa
12.3.4.3. Egypt
12.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
13. Latin America Security Screening: Estimates & Forecast Trend Analysis
13.1. Latin America Market Assessments & Key Findings
13.2. Latin America Security Screening Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Latin America Security Screening Size Estimates and Forecast (US$ Million) (2022 to 2033)
13.3.1. By Device Type
13.3.2. By Application
13.3.3. By End Use
13.3.4. By Major Country
13.3.4.1. Brazil
13.3.4.2. Mexico
13.3.4.3. Rest of Latin America (includes all other Latin America countries)
14. Competitive Landscape
14.1. Security Screening Revenue Share Analysis (%), By Major Players (2021)
14.2. Security Screening Competition Matrix, By Leading Players
14.3. Security Screening List of Emerging, Prominent and Leading Players
14.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, Etc.
15. Company Profiles
15.1. Smiths Detection
15.1.1. Company Overview & Insights
15.1.2. Financial Performance
15.1.3. Product / Service Portfolio
15.1.4. Geographical Footprint & Share
15.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
15.2. Honeywell
15.3. OSI Systems
15.4. L-3 Communications Holdings
15.5. Lockheed Martin Corporation
15.6. Raytheon Technologies
15.7. FLIR Systems
15.8. Argus TrueID
15.9. Safran
15.10. Shenzhen Security Electronic Equipment Co., Limited
15.11. Bruker
15.12. Aware, Inc.
15.13. Muon Systems
15.14. Analogic Corporation
15.15. ADANI Systems
15.16. American Science and Engineering Inc.
15.17. Leidos
15.18. Implant Sciences Corporation
15.19. Astrophysics Inc.
15.20. Magal Security Systems Ltd
15.21. Digital Barriers plc
15.22. Lingacom Ltd
15.23. Nuctech Company Limited
15.24. 3DX-Ray Ltd
15.25. Teledyne ICM SA
15.26. Passport Systems Inc.
15.27. CEIA SpAg
15.28. Thales
15.29. NEC
15.30. Others
16. Assumptions and Research Methodology
16.1. Data Mining
16.2. Secondary Research
16.3. Primary Research
16.4. Subject Matter Expert Advice
16.5. Quality Check
16.6. Final Review
16.7. Data Triangulation
16.8. Bottom-Up Approach
16.9. Top-Down Approach
16.10. Research Flow
16.11. Key Insights from Industry Experts
16.12. Data Sources
16.13. Assumptions
16.14. Limitations
17. Conclusions and Recommendations
17.1. Key Research Findings and Conclusion
17.2. Key Insights & Recommendations from Analysts
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Only Four Thousand Seven Hundred Fifty US dollar
Only Five Thousand Seven Hundred Fifty US dollar
Only Seven Thousand Seven Hundred Fifty US dollar