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Security Screening Market Regional Estimates and Forecast by Application to 2020
Security screening market is considered as one of the most important sectors as it involves the individual’s security at places such as airports, railways, stadiums, public places, border checkpoints, government applications, and private sectors, among others.
According to a new market research report "Security Screening Market by Product (X-Ray & Biometric Screening System, EDT, & Metal Detector), By Application (Airport, Government, Border Security, Education, and Private & Public Places), & by Geography - Analysis and Forecast to 2013 - 2020", the global security screening market is expected to reach $9.10 billion by 2020; at an expected CAGR of 9.46% from 2014 to 2020.
Security screening market involves scanning of individuals and their belongings, to avoid unlawful and unethical practices. The importance of security screening has been increasing due to threats related to terrorism, and other unethical and unlawful practices which may result in economic, financial, and, human loss. The market segmented on the basis of applications, products, and geography. In terms of applications, the security screening market is divided on the basis of the airports, government applications, border check points, educational institutes, private sector, and public places,among others. In terms of the products, the screening market is divided by X-ray screening system, explosive trace detector, electromagnetic detector, and biometric system.
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This report describes the market trends, drivers, and challenges with respect to the security screening market and forecasts the market up to 2020. This global report gives a detailed view of the market across the four major geographies, namely - North America (U.S., Canada, and Mexico), Europe (U.K., Germany, France, Italy, Spain, and Russia), APAC (China, Japan, South Korea, India, and Australia), and RoW (Latin America, Middle East, and Africa).
Asia-Pacific stands first in terms of the CAGR in the security screening market. North America has been identified as the leader in the market in terms of the market size, with the U.S leading the way. Europe is a promising market, comprising Germany and the U.K.; while the ROW also presents a driving factor toward the growth of this market with Brazil and Argentina. The report profiles the 10 major players in the security screening market ecosystem.
The competitive landscape of the security screening market presents anoverall scenario, where major players such asSmiths Group plc. (U.K.) and Safran SA (France)play a major role. The market is witnessing agreements, contracts, and product launches across its value chain, among a number of tier-one players around the globe. SafranSA (France) developed‘Finger on the Fly’, which is the world’s fastest contactless four finger scanner. Smiths Detection (U.K.)came up with an advanced dual-view X-ray inspection systemfor automatic explosive detection at security checkpoints where bags and personal belongings are screened. Thus, the market players are constantly working toward new and innovative product offerings.
The major players in thesecurity screening market are American Science and Engineering, Inc. (U.S.), Analogic Corporation (U.S.), Argus Global Pty Ltd (Australia), Aware Incorporation (U.S.), Digital Barriers plc. (U.K.), Implant Sciences Corporation (U.S.), Magal Security Systems Ltd (Israel), OSI Systems, Incorporation (U.S.), Safran SA (France), and Smiths Group plc. (U.K.).
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