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Security Screening Market Size, Industry Analysis By Device Type (X-Ray Screening, Biometric, Electromagnetic Metal Detection, And Spectrometry And Spectroscopy), By Application (People Screening, Mail And Parcel, Baggage And Cargo Screening, Explosives And Narcotics, Vehicle Inspection), By End-Use (Transportation, Retail Stores And Malls, Hospitality, Government, Industrial, Commercial, Educational Institutes, Events And Sports) & Region - Forecasts

  • PUBLISHED ON
  • 26/05/2022
  • NO OF PAGES
  • 248
  • CATEGORY
  • Information Communication & Technology

 

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

 

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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

Quality Assurance Process

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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




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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  • Assign a senior SR executive as QA Executive
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Case Study- Automotive Sector

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).

Solution

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.

Market Estimates and Forecast

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.

Case Study- ICT Sector

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.


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