This report analyses the global X-ray security screening market regarding application, end-use, and geography. Based on application, the global X-ray security screening market is segmented into product, human, and vehicle screening. Similarly, based on end-use, the global market for X-ray security screening is classified into government, transportation, and commercial. The transportation segment is further categorized into three major categories: airways, waterways, and railroads. Finally, the global X-ray security screening market's geographical distribution in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Overview:
Security concerns in view of growing terrorist threats and illegal activities such as drug trafficking and illicit arms shipping are identified as the primary factor driving demand for X-ray security screening systems. Conformity with government regulations and security measures enacted to improve security infrastructure is further expected to support market demand. In addition, ever-evolving technology means that the market would benefit from replacing obsolete X-ray screening systems. These factors are expected to contribute to a growth rate of 6.5% CAGR during 2016–2023. However, issues including high upfront costs and privacy intrusion are expected to pose a moderate challenge to market growth, especially during the first half of the forecast period.
1.1 Report Description
Purpose of the Report
The purpose of this strategic research study titled "X-ray Security Screening Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" is to offer industry investors, company executives, and industry participants with in-depth insights to enable them to make informed strategic decisions related to the opportunities in the X-ray security screening market.
1.1.1 Target Audience
Industry Investors
X-ray security screening system manufacturers
Other security system manufacturers
Government Agencies
Other End-usersThe report titled "Global X-ray Security Screening Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" offers strategic insights into the global X-ray security screening market along with the market size and estimates for the duration of 2014–2023. The said research study covers an in-depth analysis of multiple market segments based on application, end-user, and cross-sectional study across different geographies. To help strategic decision-makers, the report also includes competitive profiling of the key industry participants, their SCOT (Strengths, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments.
Other in-depth analysis provided in the report includes:
An overview of the global X-ray security screening market
Current and future market trends to justify the forthcoming attractive sub-markets within the digital X-ray security screening market
Qualitative assessment tools such as market drivers, challenges and prospects, value chains, and attractive investment propositions
Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
A general overview of the industry structure
Company profiles highlight critical information about the major players operating in the global X-ray security screening market.
Market competition scrutiny tools include market share analysis, fractal maps, etc.
SRC (Segment, Region, Country) Analysis
Overall, the research study provides:
A holistic view of the global X-ray security screening market.
Offering market size and estimates for the period from 2014 to 2023.
Keeping in mind the factors mentioned above.
Based on end-use application, the X-ray security screening market is categorized into the following segments:
Government
Transportation
Airways
Waterways
Railroad ways
Commercial
As of 2015, the government segment led the global X-ray security screening market, closely followed by the transportation segment. The segment accounted for around 43% of the worldwide market revenue in the same year. Over 2016–2023, the piece is estimated to witness steady growth on account of regulated demand from homeland security applications. On the other hand, the transportation segment is expected to register maximum growth during the forecast period. Given growing terrorist activities, illegal arms shipping, drug trafficking, and immigration through different modes of transportation, the use of X-ray security screening systems for product and human screening in transit applications is expected to grow considerably.
Based on geography, the global X-ray security screening market is segmented into the following regions and countries:
North America
U.S.
Canada
Europe
UK
Germany
France
Russia
Rest of Europe
Asia Pacific
Japan
China
India
Rest of Asia Pacific
Rest of the World
Latin America
Middle East
Africa
In the base year of 2015, North America (comprising the U.S. and Canada) was the largest X-ray security screening market worldwide, followed by Europe and Asia Pacific, respectively. North America alone accounted for over 35% of the total market revenue worldwide in the same year. The trend is expected to continue, and the region is expected to retain its dominating position through 2023. The U.S. represents the most significant individual X-ray security screening market worldwide. The X-ray security screening market in the U.S. is primarily shaped by rigorous security measures and regulations adopted by the government. The region is also expected to benefit from replacing outdated X-ray security systems. On the other hand, Asia-Pacific is expected to witness healthy growth due to improving security infrastructure and consequent demand for X-ray security systems.
Frequently Asked Questions:
The market for X-Ray Security Screening Market is expected to reach XX Bn in 2023.
The X-Ray Security Screening Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2016-2023.
The base year of this report is 2015.
American Science and Engineering Inc.,OSI Systems (Rapiscan),Smith Detection, Safran Identity & Security (Morpho Detection),Analogic Corporation are some of the major players in the global market.
