Global Security Screening Market: Introduction
Security screening devices are used for security & safety purpose such as metal detectors and explosive detectors.
Security screening permits individuals to access classified information by thorough search and background check.
Rising terrorism and fraudulent activities along with strict government norms have led to rise in growth of security screening systems.
These systems have noteworthy adoption rate in the military & defence sector due to increased threat of terrorism and cross-border intrusions.
Technological progression, such as internet connectivity, have allowed real-time surveillance at remote and critical locations with enhanced accuracy.
These devices are cost-effective and help to highlight criminal activities. Increasing cross-border terrorism and smuggling have resulted in the growth of the use of intrusion detection systems across the globe.
Global Security Screening Market: Overview
The global security screening market was worth USD 8.35 Billion in 2021 and is anticipated to amplify at a CAGR of 10.2%, thereby amassing a valuation of USD 19.18 Billion by 2030.
These systems help verify the identity of an individual and allow people to access the information. Also, the key elements estimated to drive the market growth are increasing domestic as well as foreign threats, illegal activities, and crime.
Therefore, security has become an important aspect across the globe.
Additionally, the drivers of the security screening market growth are increasing security concerns among regions, introduction of automation in security and screening, and increase in need of large-scale surveillance at public gatherings.
The restrictions of the security screening market are the high cost associated with installation of full body scanners and increase in health problem due to X-ray radiations in X-ray body scanners.
However, many technologies & trends are coming up in security screening, such as emerging trends toward IoT-based security cameras and increasing demand for automatic explosive detection in airports, thereby creating lucrative security screening market opportunity.
There has been a steep rise in the prevalence of terrorist activities in the aviation sector. This has escalated the demand for efficient security screening measures across airports for the determination of any malicious activity. Moreover, governments across the globe have also implemented stringent policies to prevent criminal activities like hijacks and blasts. This in turn has created an upward trend for the market.
Technological Advancements In The Field To Fuel Market Growth:
With the emergence of various innovative technologies, the security screening system has also evolved. The integration of IoT in the field has enabled real-time surveillance to highlight the presence of any prohibited item in airports, offices, and other public places. Moreover, these advanced systems are also equipped with the ability to verify the identity of an individual to prevent the chance of any malicious activity in public places. These factors have contributed to the progression of this business sphere.
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Competitive Landscape:
- SMITHS GROUP PLC.
- L-3 COMMUNICATION HOLDINGS.
- OSI SYSTEMS INC
- HONEYWELL INTERNATIONAL INC
- LOCKHEED MARTIN CORPORATION
- RAYTHEON COMPANY
- SECURITY ELECTRONIC EQUIPMENT CO., LIMITED
- UNITED TECHNOLOGIES CORPORATION
- SAFRAN S.A
- ARGUS GLOBAL PTY LTD
Segmental Analysis of Global Security Screening Market:
Based on Type
- X-Ray Systems
Body Scanners
Baggage Scanners
Others
With a lot of parcels and small packages moving around owing to the rise in e-commerce sales, parcel screening becomes critical. While convenient for consumers and companies, the huge flow of post and package deliveries to homes and businesses represents a growing security vulnerability. This vulnerability demands the screening of mails and parcels and, hence, could create a huge demand for security screening systems and solutions.
- Metal Detectors
Hand Held Metal Detectors
Walk-in Through Metal Detectors
- Explosive Detectors
- Biometric Detectors
Face Recognition
Voice Recognition
Fingerprint Recognition
Others
The biometric systems used for security screening include face scanners, fingerprint scanners, and iris scanners. These systems help in the identification of criminals by comparing the scans with the database of existing biometric records. Biometric systems require less time to scan and have more accuracy.
Based on End-User
- Government Buildings
- Airports
- Educational Institutes
- Public Places
- Others
A large number of passengers pass through these transit locations, and to maintain security at these sites, contraband detection systems, such as metal detectors and X-ray scanners, are used. The rising passenger traffic has made it essential to regularly and rigorously inspect people, cargo, baggage, and vehicles. Individual and baggage screening is very important at airports and other transit locations, while cargo screening plays an important role in preventing illegal activities at seaports
Based on Region
NORTH AMERICA (Canada, US), EUROPE (Spain, UK, Germany, Italy, France), ASIA-PACIFIC (India, China, Thailand, Japan, South Korea), LATIN AMERICA (Colombia, Brazil, Mexico, Argentina), MIDDLE EAST & AFRICA (UAE, Saudi Arabia, South Africa)
Asia-Pacific to Witness the Highest Growth for the security screening market. Countries like China, India, Japan and Australia are contributing in abundance for the growth of the market. In India, rapid urbanization, population growth, expansion of industries, infrastructure, and mass transportation systems are driving the expectations for enhanced safety and security measures. Japan is moving toward establishing itself as a global tourist destination, as well as hosting a significant number of major international events, owing to which an increasing number of passengers are anticipated annually.
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Major Developments:
July 2021 – CEIA SpA partnered with Heathrow Airport to improve security screening checkpoints by providing SAMDEX (the UK‐DfT approved shoe metal and explosive detector) and the 02PN20 walk‐through metal detector. These detectors enable the airport to conduct faster and easier multi‐threat detection security screening on passenger shoes.
May 2021 – The Stationary CT Security Inspection Research Project initiated jointly by Tsinghua University and NUTECH passed an Assessment on Scientific and Technological Achievements, recognized by the Ministry of Science and Technology.
Major questions answered in the report:
- What are the major growth factors, rising trends and challenges in the global security screening market?
- Which prime companies are contributing into the growth of global security screening market?
- Which regional segment accounts for the largest revenue share in the global security screening market?
Key Takeaways from the report:
- Deep-insights on regional analysis coupled with segmental analysis.
- Growth elements, trending challenges and growth factors.
- The global security screening market was worth USD 8.35 Billion in 2021 and is anticipated to amplify at a CAGR of 10.2%, thereby amassing a valuation of USD 19.18 Billion by 2030.
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