PUBLISHER: Polaris Market Research | PRODUCT CODE: 1338941
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1338941
The global x-ray security screening market size is expected to reach USD 7,321.38 million by 2032, according to a new study by Polaris Market Research. The report "X-ray Security Screening Market Share, Size, Trends, Industry Analysis Report, By Application (People Screening, Product Screening); By End-use; By Region; Segment Forecast, 2023-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The need for security screening systems in public and private establishments has risen due to rising crime rates in various regions. The employment of X-ray security scanners for scanning luggage, individuals, air cargo, and parcels, among other things, to locate any potentially dangerous objects concealed within them or to look for the smuggling of prohibited commodities driving the market forward. For instance, in January 2023, Smiths Detection announced deploying a multi-site central image processing and management system. It comprises the "HI-SCAN 10080 EDX-2," an automatic explosive scanner placed at the Australian airport's checkpoints integrated into the network, enabling all X-ray images to be analyzed at the centralized location & providing real-time data analytics & insights.
New and enhanced security screening systems that are more effective, efficient, and user-friendly are being developed due to ongoing advancements in X-ray technology. There is a demand for X-ray systems that can swiftly and correctly screen huge quantities of goods, packages, or cargo in sectors like manufacturing and logistics. Automation in security and screening enables more powerful and intelligent technology to spot threats more quickly and accurately, as well as a quicker screening procedure.
In September 2022, the public sector organization Navratna Defense PSU Bharat Electronics Limited (BEL) and Smiths Detection inked a memorandum of understanding (MoU) to produce sophisticated X-ray screening technology in India. By utilizing their respective high-end, cutting-edge technical specialties, Smiths Detection and BEL can address India's internal security demands.
With more people moving to cities, there is a growing need for advanced security screening systems in public and private facilities to prevent crime and ensure safety. Emerging economies are investing in advanced security screening systems to improve safety and security in public and private facilities. The need for increased security in transit locations has grown significantly due to rising concerns about terrorism and other security threats, leading to market expansion.
Government segment held the dominant position in global market in 2022 to maintain the government facility's safety and security and the financial assets.
People screening segment is anticipated to exhibit fastest CAGR during the forecast period due to increasing use of X-ray systems for security screening in airports, government buildings, and other high-security locations.
Asia-Pacific is expected to grow at a high CAGR over the projected period. This region has experienced significant economic growth in recent years, leading to increased investment in infrastructure, transportation
Key players with global presence including Thales, NEC Corporation, Teledyne FLIR, Rapiscan Systems, L3 Security and Detection Systems, Burker, Analogic Corporation, Astrophysics, OSI Systems, Leidos, Westminster International, Aware, Kromek Group, and Smiths Detection.
Polaris Market Research has segmented the X-ray Security Screening Market report based on application, end-use and region: