USD 3.3 Billion
Report ID:
SQMIG45J2148 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
91
|Figures:
76
X-Ray Security Screening System Market size was valued at USD 3.6 Billion in 2023 and is poised to grow from USD 3.93 Billion in 2024 to USD 7.89 Billion by 2032, growing at a CAGR of 9.10% during the forecast period (2025-2032).
Market expansion can be attributed to the increasing security threats, including criminal activities, and the growing adoption of screening techniques for inspecting individuals and goods to detect weapons. Furthermore, the rise in commercial construction, especially the establishment of large shopping centers, is driving demand for advanced security screening solutions.
The X-ray security screening industry has rapidly evolved, offering easy-to-use, fast, and safe screening systems. Advancements in hardware and software have expanded the applications of X-ray security screening beyond industrial use, providing opportunities for upgrading existing installations.
However, concerns about ionizing radiation exposure and potential health risks, such as skin cancers, associated with backscatter scans may hinder market growth. Despite this, the expansion of airports and other commercial infrastructure, coupled with the persistent threat of terrorism and illegal activities due to inadequate security measures, continues to drive the X-ray security screening industry. Preventing terrorist attacks and illicit activities necessitates the use of body scanning and advanced screening technologies.
US X-Ray Security Screening System Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.3 Billion
Largest Segment
Product screening
Fastest Growth
Product screening
Growth Rate
9.10% CAGR
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The global x-ray security screening system market is segmented on the basis of component, type, application, Region. By component, the market is segmented into solution, service. By type, the market is segmented into product screening, people screening. By application, the market is segmented into government, commercial, transportation, airways, railways, roadways. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
X-Ray Security Screening System Market Analysis By Type
The development of integrated screening systems has benefited the product screening market category, which will hold a commanding 71.6% market share in 2022. The expansion of the market is being driven by vendors that have used these developments to effortlessly integrate both established screening and new scanning applications. Additionally, a major driver for this market is the ongoing threat of criminal activity like drug trafficking at airports. With manufacturers increasingly concentrating on intelligent and integrated solutions to improve efficiency and speed, future growth in this area may depend on offers connected to training and maintenance. Additionally, it is anticipated that the growth of smartphones and the Internet of Things (IoT) would increase demand for smart security solutions and accelerate the use of security screening technologies.
The people screening market is expected to increase significantly between 2023 and 2030, with a predicted growth rate of 8.8%. Governments and businesses are looking for cutting-edge solutions to strengthen their information technology infrastructure and security systems as a result of ongoing risks including cyberattacks, natural disasters, terrorism, and other perils. The implementation of sophisticated biometric systems, such as authentication and Command, Control, Communications, & Computers (C2) frameworks, combined with surveillance systems, is a proactive step taken by governments to increase public safety and security. Additionally, it is anticipated that in the upcoming years, the public screening segment will see strong demand for X-ray security screening systems due to the growing popularity of automated screening technology, which offers real-time data intelligence and shortens screening times.
X-Ray Security Screening System Market Analysis By Application
The government sector obtained a substantial market share of 45.9% in 2022. The widespread use of security screenings by governmental organizations and law enforcement agencies to improve general security is the primary cause of the X-ray screening security market's rapid rise within this category. In reaction to the rising number of terrorist occurrences globally, both governments and commercial organizations are investing significantly in security measures.
Government institutions, such as courthouses, parliamentary buildings, and public banks, among others, must have security inspections and monitoring. To strengthen security measures, government organizations are often implementing different security gadgets including X-ray security scanners, portable detectors, metal detectors, and biometric systems. For the duration of the projection period, these reasons are propelling a significant demand for X-ray screening security systems to protect public infrastructure.
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North America held a commanding 32.7% revenue share in 2022, dominating the world market for X-ray security screening. This market strength is ascribed to substantial government expenditures made to improve infrastructure for public safety and security, particularly in reaction to threats like terrorism and illegal immigration. Unaffected by the method of transportation, all containers entering the United States are thoroughly scanned by U.S. Customs and Border Protection. This thorough examination goes beyond radiation detection to classify around 5% of containers as "high risk," in which case X-ray or gamma-ray imaging technologies are used to examine them. Throughout the projection period, these elements are expected to fuel demand for X-ray security screening systems in the area.
With a fantastic CAGR of 9.6% predicted for the projection period, the Asia Pacific region is anticipated to become the region with the quickest growth. The spike in innovative large-scale commercial developments, the expansion of airport infrastructure, and significant expenditures in other public infrastructure development programs are credited with this fast growth. For example, the Bureau of Civil Aviation Security (BACS) published technical standards for Indian airports in December 2022, allowing the installation of technology that examines luggage without forcing people to take their personal devices out. Security organizations might do away with the requirement that electronic devices be removed by utilizing technologies like computed tomography and neutron beam technology. The expansion of the local X-ray security screening market is predicted to be further fueled by these developments over the forecast period.
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X-Ray Security Screening System Market Drivers
Increasing Security Concerns
Infrastructure Growth
Smart Screening Solutions
X-Ray Security Screening System Market Restraints
Health Concerns
Costs and Financial Restraints
Privacy Issues
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The global market for X-ray security screening displays a competitive and dynamic environment made up of a mix of well-known market players and cutting-edge upstarts. With their wide product portfolios and well-established global presences, major companies including Smiths Group plc, Rapiscan Systems (OSI Systems), and L3Harris Technologies lead the market. These businesses continually make research and development investments in order to provide cutting-edge X-ray security screening systems that satisfy the changing requirements of several industries, including aviation, transportation, and critical infrastructure protection.
Startups and up-and-coming companies are also building a name for themselves in the market by providing cutting-edge security screening methods and technology. These entrants frequently concentrate on specialized markets and game-changing technologies, promoting market expansion and innovation. Collaborations and alliances between well-established companies and newcomers are becoming more frequent, enabling the integration of complementary technology and the investigation of untapped market potential.
Additionally, the market is transitioning to intelligent and automated security screening systems that make use of artificial intelligence and machine learning. This tendency has made it easier for technology businesses with experience in artificial intelligence to enter the security screening market, which has increased competition. As a whole, the worldwide X-ray security screening market is highly competitive and is defined by constant innovation, teamwork, and a tireless search for cutting-edge security solutions to counter new threats.
X-Ray Security Screening System Market Top Player’s Company Profiles
X-Ray Security Screening System Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global X-ray security screening system market analysis, a number of factors, such as increased security concerns, strict government regulations, and technology improvements, are working together to drive the global X-ray security screening market upward. Long-standing market leaders like Smiths Group plc and Rapiscan Systems (OSI Systems) retain their supremacy by continuously innovating and having a wide range of products available. At the same time, new competitors and startups energize the market by offering disruptive innovations and synergistic alliances. The industrial environment is changing as a result of the trend toward intelligent and automated screening solutions, which is made possible by artificial intelligence and machine learning. Despite obstacles brought on by privacy and health-related concerns, the industry is still developing to fulfill the rising need for reliable security screening solutions.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3.3 Billion |
Market size value in 2031 | USD 7.23 Billion |
Growth Rate | 9.10% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the X-Ray Security Screening System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the X-Ray Security Screening System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the X-Ray Security Screening System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG45J2148
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