The X-Ray Security Screening Systems Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026.
The X-Ray Security Screening Systems Market Report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, and future strategies, acquisitions & mergers, and market footprint.
The global x-ray security screening systems market report has been segmented on the basis of end-use vertical, application, and region.
X-Ray Security Screening Systems Market Overview:
“The X-Ray Security Screening Systems Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
X-rays are highly penetrating and ionizing radiation that are used to take pictures of dense tissues such as bones and teeth. Bones absorb radiation more than the lesser dense soft tissue.
X-rays from a source pass through the body and onto a photographic cassette.
X-ray scanners are also used for security purposes at various places where authorization is restricted or limited to people.
Increasing terrorist activities across the globe and growing government initiatives toward the safety and security of people, deployment of advanced x-ray security screening systems at airports, dockyards, etc. are major factors driving the growth of the global x-ray security screening systems market.
In addition, the growing need for large-scale surveillance at various public and government gatherings in order to avoid critical situations and avoid smuggling activities through ships, planes, etc. across the globe are other major factors expected to boost the growth of the global x-ray security screening systems market.
Moreover, increasing government expenditure in developing countries on the development/up-gradation of the airport and ship port infrastructures is expected to support the growth of the global x-ray security screening systems market.
The high cost of security screening systems is a major factor restraining the growth of the global x-ray security screening systems market.
However, technological advancements and increasing R&D activities by manufacturers, and the development of x-ray security screening systems that take less time for scanning are expected to create new opportunities in terms of revenue for players operating in the global x-ray security screening systems market over the forecast period.
The North American market is expected to dominate in the global x-ray security screening systems market with a higher revenue share as compared to that of the other regional markets and is expected to continue its dominance during the forecast period.
This can be attributed to the increasing adoption of x-ray security screening systems at airports, ship ports, and government headquarters and assemblies and the presence of prominent players operating in countries in this region.
The Europe market accounts for a significant revenue share in the global x-ray security screening systems market followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.
The market in the Asia Pacific is projected to register the fastest growth in terms of revenue, owing to increasing government expenditure for the development of airport infrastructure in emerging economies in this region.
X-ray Security Screening Systems Market Segmentation:
By End-use Vertical:
- Transit Industry
- Product Scanning
- People Scanning
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- OSI Systems, Inc.
- Smiths Detection Inc.
- American Science & Engineering Inc.
- Morpho Detection LLC
- Analogic Corporation
- 3DX-RAY Ltd.
- Adani Systems Inc.
- Astrophysics Inc.
- Autoclear LLC
- Eurologix Security Group Ltd.
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