X-Ray Security Screening System Market to hit $3bn by 2023

According to industry research report “X-Ray Security Screening System Market Size By Application (Product Screening, People Screening), By End-Use (Government, Commercial, Transit Industry), Industry Analysis Report, Regional Outlook (U.S., Mexico, Canada, UK, France, Germany, India, Japan, China, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, global X-ray security screening system market  forecast to grow at 5.7% CAGR from 2016-2023. X-Ray security screening system market is expected to grow significantly over the coming years, driven by mounting security concerns across railways, stadiums, airports, border lines, and public places. Furthermore, introduction of new legislations to improve security infrastructure and make it more commendable and robust, will boost the industry trends over the years to come.  

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Growing threats of radiological bombs, terrorists, and weapons of mass destruction will further contribute significantly towards the rising popularity of the X-ray security screening systems.

Transit, Government, and Commercial sectors are the key application areas of X-ray security screening systems. Government sector, which accounted over 45% of global X-ray security screening system market share in 2015, is forecast to register a CAGR of 5.7% over the coming six years. Rampant use of X-ray security screening systems in prisons, law enforcements, and customs will drive the industry growth. X-ray security screening system industry in the commercial sector will witness a substantial surge over the period of 2016-2023, driven by its growing use in banks, malls, corporate offices, and hotels to counter the menace of terrorism.

Regional trends influencing X-ray security screening system market over 2016-2023 are as below:

  • Europe X-Ray security screening system industry is expected to experience a remarkable growth over the coming timeframe, driven by the growing urge to check terrorism and criminal activities. Furthermore, high demand for secured screening systems due to rise in the number of terror attacks in various countries of Europe will drive the regional growth
  • Strict government measures to protect national security along with replacement of old security screening systems with new ones will boost North America X-Ray security screening system market size over the years to come. U.S. is expected to be the major regional revenue contributor, with a CAGR estimation of 5.7% over 2016-2023
  • APAC X-Ray security screening system market is expected to grow rapidly over the coming six years, owing to high demand for cargo inspection as a result of rise in imports & exports of goods across ports as well as borders
  • Rising disturbances in the middle east countries leading to high expenditure on internal securities are anticipated to stimulate MEA X-ray security screening system market revenue over the next few years

Key industry players include Smiths Detection Company, American Science and Engineering (AS&E), Analogic Corporation, Morpho Detection LLC, Adani Systems Incorporation, OSI Systems Company, Eurologix Security Limited, L-3 Communications, and Gilardoni S.P.A.

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Table of Contents

  • Chapter 1  Methodology & Scope
    • Research Methodology
      • Initial data exploration
      • Statistical model and forecast
      • Industry insights and validation
      • Research scope and assumptions
    • List of Data Sources
      • Secondary sources
      • Primary sources
    • Chapter 2    Executive Summary
      • 2.1    X-ray security screening system industry 3600 synopsis, 2012 – 2023
        • 2.1.1     Business trends
        • 2.1.2     Regional trends
        • 2.1.3     Application trends
      • Chapter 3   X-Ray Security Screening System Industry Insights
        • 3.1.   Industry segmentation
        • 3.2.   Industry size and future growth prospects, 2012 – 2023
        • 3.3.   Industry ecosystem analysis
        • 3.4.   Industry dynamics
          • 3.4.1.    Growth drivers
            • 3.4.1.1. Need for enhanced security
            • 3.4.1.2. Growth in the aviation sector
          • 3.4.2.    Industry pitfalls & challenges
            • 3.4.2.1. Health concerns and presence of substitute  s
        • 3.5.   Key growth opportunities
        • 3.6.   Porter’s analysis
        • 3.7.   Company market share analysis, 2015
        • 3.8.   PESTEL analysis
        • 3.9.   Technological developments (High energy x-ray systems)

 

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