Global 3D Checkpoint Scanning Technology Market (2021-2026) by Type, Technology, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global 3D Checkpoint Scanning Technology Market is estimated to be USD 1.21 Bn in 2020 and is expected to reach USD 2.77 Bn by 2025, growing at a CAGR of 18%.

Market Dynamics

Key factors driving the 3D checkpoint scanning market are the rise in demand for advanced screening products & processes and to control anti-terrorism activities. In addition, the government of several economies is also supporting strict security screening which helps to detect and reduce terror attacks in public places like airports and rail stations. Also, surge in global spending in defense & security and 3D scanners increasing the use of reverse engineering. The aviation industry requires a lot of security, which making government enhances the security system to stop terrorist activities.

However, impede such as high maintenance costs and the threat of system failure affect the 3D scanning market. Other factors which also become an obstacle in this market are special budget requirements to get a result like 3D scanning and as it is costly equipment so the decision to buy 3D scanning or not depend upon the company operation. Nevertheless, a breakthrough innovation for efficient and cost-effective checkpoint technology propelling the market with widening opportunities.

Market Segmentation

The Global 3D Checkpoint Scanning Technology Market is segmented further based on, Type, Technology, Application, and Geography.

By Type, the market is classified as Interior Checkpoints, People Screening, and Vehicle and Cargo Inspection. Amongst all, the People Screening segment is estimated to hold the highest market share.

By Technology, the market is classified as CT-scan and X-Ray. Amongst all, the X-Ray segment is estimated to hold the highest market share.

By Application, the market is classified as Airport, Border, Military, and Port. Amongst all, the Airport segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

Smiths Detection had set in motion to take Checkpoint security to the next level. HI-SCAN 6040 CTiX Checkpoint technology is used to carry-on bag screening system at the checkpoints. CT scanning permits the operator to quickly and accurately ascertain the content of the bag. The company installed this technology to enhance Sydney Airport. - October 2019

Company Profiles

Some of the companies covered in this report are Analogic Corporation, Artec 3D, Daifuku Co. Ltd., FARO Technologies Inc., Kinetic Vision Inc., L3 Security & Detection System, MIRTEC, Plymouth Rock Technologies, Rapiscan Systems Limited, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global 3D checkpoint Scanning Technology Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using a Competitive Quadrant, the analyst’s proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market