Overview of the global security screening systems market
Market research analysts at Technavio have predicted that the global security screening systems market will grow steadily and post a CAGR of more than 9% by 2020. This market research analysis identifies that the emergence of computed tomography security screening will be one of the major trends that will gain traction in this market during the predicted period. Computed tomography or CT is an imaging procedure that creates detailed pictures or scans of areas inside the body with the help of a specialized X-ray equipment. It can also combine radiographic cross-sections of contents and produce composite 3D images of baggage contents. This helps to detect threats based on volume and density and offers airport authorities a more detailed view of the baggage. This security screening equipment will reduce the screening time and also does not require travelers to separate electronic devices from their baggage.
In terms of geography, the Americas is expected to dominate this industry in the coming years and this region will account for a total market share of about 38% by 2020. The market in this region is mainly dominated by the US, and this is attributed to the significant increase in air traffic which creates the requirement for the installation of advanced airport security equipment, strict border control procedures, and passenger and cargo screening.
Competitive landscape and key vendors
Vendors in the security screening systems market are mainly focused on expanding their product portfolio. They are constantly investing in their R&D and concentrate on developing advanced technologies to upgrade their existing security detection systems for better accuracy. The market is characterized by the presence of several small and large scale vendors and the vendor competition in the market appears intense. The forecasted period will witness the entry of several new players in the market and this will further intensify the competition among vendors.
The leading vendors in the market are -
- American Science and Engineering
- Rapiscan Systems
- Safran
- Smiths Detection
The other prominent vendors in the market are Adani, Analogic, Astrophysics, CEIA, and L3 security and detection systems.
Segmentation by product type and analysis of the security screening systems market
- X-ray
- Explosive detection
- Metal detectors
This market research and analysis estimates that the x-ray segment accounted for almost 51% of the total share and dominated the security screening systems market during 2015. X-ray radiations have the ability to scan items underneath several layers of materials, which makes them more reliable in scanning both people and products. This will be a major factor that will provide for the continuous demand for x-ray security systems throughout the forecast period.
Segmentation by end user and analysis of the security screening systems market
- Commercial sector
- Government sector
- Transit sector
According to this market study, the transit sector segment will dominate this market in the next four years and will account for about 43% of the total share of the global security screening systems market by 2020. The increase in number of violent activities in the recent years has compelled airport authorities across the globe to implement advanced security systems to screen passengers and cargo. These systems require the installation of large, complex, expensive, and ultra-sensitive explosives detection systems. The exponential increase in the number of air and marine travelers will also call for the adoption and implementation of advanced airport baggage scanners and other security systems in the coming years.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the security screening systems market?
- What are the key market trends impacting the growth of the security screening systems market?
- What are the challenges to market growth?
- Who are the key vendors in the security screening systems market?
- What are the market opportunities and threats faced by the vendors in the security screening systems market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the security screening systems market?
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