Dublin, May 23, 2023 (GLOBE NEWSWIRE) -- The "Global Security Screening Market Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The market for global security screening was estimated to be worth USD 10.35 billion in 2021 and is projected to grow at a CAGR of 10.65% to USD 19.18 billion by 2027.
Companies Mentioned
- Smiths Detection Inc
- OSI Systems Inc.
- Gilardoni SpA
- CEIA SpA
- Astrophysics Inc.
- Nuctech Company
- Analogic Corporation
- Teledyne ICm
- 3DX-Ray Ltd
- L-3 Communications Security
- Detection Systems Inc.
Security screening enables individuals to access classified information or restricted areas, by thorough frisking & background checks.
Market Drivers
A significant important driving factor anticipated to accelerate the growth of the worldwide security screening market over the projected period is the rise in terrorist attacks and the rising requirement to avoid unethical and illegal actions. For instance, according to data from the Global Terrorism Database, there were over 9,600 terrorist incidents worldwide in 2018, which resulted in the deaths of 22,980 people, including roughly 7,290 attackers and 15,690 victims.
Due to the widespread availability of integrated screening systems made possible by ongoing technological improvements, manufacturers can now easily incorporate conventional screening and scanning goods, which is driving the growth of the worldwide security screening market.
Additionally, it is anticipated that favorable government regulations encouraging the installation of screening systems to protect public safety will accelerate market expansion. Additionally, it is anticipated that favorable government regulations encouraging the installation of screening systems to protect public safety will speed up market expansion.
Other factors that are anticipated to contribute to the expansion of the worldwide security screening market include the rise in aviation security concerns and the requirement for extensive security monitoring at public events.
Market Restraints
Throughout this projection period, it is anticipated that high installation costs, a significant risk of Defense-related bad press, and rising privacy concerns would hinder the growth of the worldwide security screening market. Moreover, producers may be under pressure from the competition, and full body scans have significant negative health implications.
Market Segmentation
By Technology
- X-Ray Screening
- Electromagnetic Metal Detection
- Biometric
- Spectrometry and Spectroscopy
- Others
By Application
- People Screening
- Baggage and Cargo Screening
- Vehicle Inspection
By End Use
- Transportation
- Retail Stores and Malls
- Hospitality
- Government
- Commercial
- Industrial
- Educational Institutes
- Events & Sports
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the most promising opportunities in the global security screening market?
- What will be the rate of growth from 2021 to 2027?
- Which segment/region will have the highest growth?
- What factors will influence/drive the market?
- What is the industry's competitive landscape?
- What role do key players in the value chain play?
For more information about this report visit https://www.researchandmarkets.com/r/m88elt
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