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Security Screening Market - Forecast (2020 - 2025)

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  • 104 Pages
  • March 2020
  • Region: Global
  • IndustryARC
  • ID: 3820907
The global security screening market generated a revenue of $8269.13 million in 2020 and is expected to rise with a CAGR of 7.3% during the forecast period 2020-2025. The security screening X-ray system generated a revenue of $1643.8 million and is projected to grow at a CAGR of 3.1% during 2020-2025. X-ray system would continue to dominate the market followed by body scanner and explosive trace detector. The increase in threat from terrorist activities, tightening security policies at transportation terminals and emergence of high speed sensors are propelling the security screening market.

What are Security Screening?

Security systems involve an electronic, visual, or manual inspection of persons, vehicles, packages, and containers for the purpose of detecting the possession of illegal, prohibited, or other dangerous items into a secure area within a facility. Security screening systems have been assisting in threat recognition to safeguard people, airports and any public events against evolving threats such as terrorism, trafficking of people, arms and some others. The different types of security screening are explosive trace detectors, body X-ray scanners, biometric technology, biometric systems, electromagnetic detector and explosive trace detector. However, advanced imaging technologies which use either millimeter waves or x-rays are available such as full-body Security Scanners, advanced imaging technology and other security screening systems.

What are the applications of Security?

Security systems are mainly being employed to safeguard their citizens in various locations including airports, railways, borders, tourist attractions and others which are highly vulnerable to terrorist acts, illegal activities such as drug trading and others have been boosting the market growth of these systems. Security screening is process of examining people before allowing access to a secure areas such as airports, court houses, prisons, or museums. Security screening electronic products are used to detect concealed weapons, explosives or other contraband without requiring physical contact between the security screener and the person being screened.

Market Research and Market Trends of Security Screening:

  • Due to the advancement in technology, smart technology is employed in security screening systems. Companies are focusing on the development of lie detectors using artificial intelligence. This technology is being developed to check on the travellers before crossing the borders. It involves the use of eye-detection software along with an array of sensors to indicate whether a person is lying based on the physiological signs. Once it becomes suspicious, it can flag the passenger for further inspection.

  • The traditional X-ray systems lack clear images which posed a problem to detect any illegal items carried in the airport and shipping sectors. In order to improve the security and safety, several technologies are being developed that deliver sharp and more revealing images than traditional X-ray screening technology. This multi parameter detection technology can be used to detect threats, material classification, dual energy imaging, and the ability to manipulate and enhance images.

  • In the recent years, the security technology market has been booming and thus companies are pursuing new technologies such as development of web-based applications that support higher operational availability of our equipment, reduction in the size of equipment to promote flexibility and mobility. This would in turn provide better detection capabilities, increased system uptime, and decreased overall lifecycle costs.

  • As some of the existing technologies have difficulties in detection of threats, the companies are focusing on a new approach known as Nuclear Quadrapole Resonance (NQR). This technology can detect explosives embedded in electronics which are hidden under layers of clothing and shoes. This technology is considered for deployment in international airports of America followed by Europe.

Who are the Major Players in Security Screening?

The sample companies referred in the market research report are OSI Systems Inc. (U.S.), Smith Detection Inc. (U.K.), Safran Identity and Security SAS (France), L-3 Communication Holding Inc. (U.S.) and 10 other companies.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2020-2025.

Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Table of Contents

1. Security Screening Market - Overview
1.1. Definitions and Scope
2. Security Screening Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Security Screening Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. Security Screening Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes
5. Security Screening Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share
6. Security Screening Market – By Device Type (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. X-Ray Systems Body Scanners Baggage Scanners Handheld Scanners Others
6.3.2. Metal Detectors Walk Through Handheld Ground Search Others
6.3.3. Shoe Scanners
6.3.4. Liquid Scanners
6.3.5. Biometric Scanners Fingerprint Recognition Facial Recognition Iris Recognition Vein Recognition Voice Recognition Retina Recognition Others
6.3.6. Trace Detectors
6.3.7. Others
7. Security Screening Market – By Application (Market Size -$Million / $Billion)
7.1. Government Buildings
7.2. Airports
7.3. Hotels
7.4. Borders
7.5. Educational Institutions
7.6. Railway Stations
7.7. Tourist Attractions
7.8. Others
8. Security Screening - By Geography (Market Size -$Million / $Billion)
8.1. Security Screening Market - North America Segment Research
8.2. North America Market Research (Million / $Billion)
8.2.1. Segment type Size and Market Size Analysis
8.2.2. Revenue and Trends
8.2.3. Application Revenue and Trends by type of Application
8.2.4. Company Revenue and Product Analysis
8.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
8.3. Security Screening - South America Segment Research
8.4. South America Market Research (Market Size -$Million / $Billion)
8.4.1. Segment type Size and Market Size Analysis
8.4.2. Revenue and Trends
8.4.3. Application Revenue and Trends by type of Application
8.4.4. Company Revenue and Product Analysis
8.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
8.5. Security Screening - Europe Segment Research
8.6. Europe Market Research (Market Size -$Million / $Billion)
8.6.1. Segment type Size and Market Size Analysis
8.6.2. Revenue and Trends
8.6.3. Application Revenue and Trends by type of Application
8.6.4. Company Revenue and Product Analysis
8.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
8.7. Security Screening – APAC Segment Research
8.8. APAC Market Research (Market Size -$Million / $Billion)
8.8.1. Segment type Size and Market Size Analysis
8.8.2. Revenue and Trends
8.8.3. Application Revenue and Trends by type of Application
8.8.4. Company Revenue and Product Analysis
8.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
9. Security Screening Market - Entropy
9.1. New product launches
9.2. M&A's, collaborations, JVs and partnerships
10. Security Screening Market Company Analysis
10.1. Market Share, Company Revenue, Products, M&A, Developments
10.2. OSI Systems Inc. (U.S.)
10.3. Smith Detection Inc (U.K.)
10.4. Safran Identity and Security SAS (France)
10.5. L-3 Communication Holding Inc. (U.S.)
11. Security Screening Market -Appendix
11.1. Abbreviations
11.2. Sources