Security Screening is Critical but is the Market Ready for Investment? New Study Examines – Future Market Insights
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Security Screening is Critical but is the Market Ready for Investment? New Study Examines – Future Market Insights

Thursday, January 7, 2021 7:00 AM
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Security screening manufacturers and integrated service providers are collaborating with each other for the installation of security screening systems to offer infrastructure security.

DUBAI, UAE / ACCESSWIRE / January 7, 2021 / Future Market Insights: FMI in its recent report indicates that the global security screening market are poised to grow twofold amid the forecast period. The swift adoption of smart technologies in relation to security screening in emerging nations is likely to record new development opportunities for the market. This, together with rising number of projects in the military & defence and aviation sector in these economies, are offering opportunities in the growing markets for security screening solution providers.

"Growing security concerns in aviation, particularly amid the COVID-19 outbreak and increased demand for huge scale security surveillance at public gatherings will be boosting security screening systems' installation." states the FMI analyst.

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Important Highlights

  • Airport segment will be accounting for majority of the market share throughout the forecast period.
  • Explosive trade detectors at present hold one-fourth of the overall market share, however, X-Ray screening systems and biometric systems are attaining popularity in the global market.
  • Russia, India, and China are likely to be at the forefront amid the forecast period.

Drivers

  • Increase in installation of biometric systems' in private sector offices will favorably influence market expansion.
  • Rising security concerns in aviation and surge in demand for big scale security surveillance at public gatherings will bolster installation in the global market.
  • Favorable government measures assisting screening devices' installations to ascertain public safety will remain a prominent market driver.
  • Easy accessibility of integrated screening systems owing to technological progressions has allowed vendors to assimilate traditional scanning and screening products, thus fueling market growth.

Restraints

  • High threat of negative publicity of defense, higher installation costs, and threat of privacy interruption is likely to restrain growth in the market.
  • Strong health effects of full body scanning and competitive pressure on manufacturers will hinder market growth.

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COVID-19 Impact on Security Screening Market

The unprecedented predicament the world is encountering poses a big challenge to the entire aviation sector and its capability to pull through both financially and operationally. The COVID-19 outbreak has dramatically impacted the air transport system, including aviation security screening, is significant. Security screening will continue to adapt its procedures and processes to assimilate sanitary measures while upholding adequate security levels. Innovation is anticipated to be key in reinstating pre-COVID-19 growth and traffic volumes while applying the requisite sanitary measures.

Competitive Landscape

Key providers in the global security screening market of security screening platforms are engaged in offering automated security screening systems with advanced attributes. Major players identified in the global market are Analogic Corporation, American Science and Engineering, Inc., Argus TrueID, Digital Barriers, Aware Incorporation, Mangal Security Systems Ltd., Smiths Group plc, OSI Systems, Inc., LAXTON GROUP, Aratek, NEC Corporation, NEXT Biometric, and Cognitec Systems GmbH.

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About the Study

The study offers readers a comprehensive assessment of the security screening market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights on the basis of system (X-ray screening systems, explosive trace detectors, electromagnetic metal detectors, liquid scanner and biometric systems (face recognition, voice recognition, fingerprint recognition and IRIS recognition)), application(airport, government buildings, border check points, educational institute, private office building, malls and others) and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

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Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

5. Market Background

5.1. Macro-Economic Factors

5.1.1. Worldwide ICT Spending (US$ Bn)

5.1.2. Region wise GDP in US$ Bn, 2013 - 2028

5.1.3. GDP Growth Rate (%), 2017

5.1.4. Top Ten Busiest Airport by Passenger Traffic, 2017

5.1.5. Top Five Airport with Highest Increase in Passenger Traffic, 2017

5.1.6. Increasing Passenger Traffic and Y-O-Y Growth

5.2. Forecast Factors - Relevance & Impact

5.3. Value Chain Analysis

5.4. Market Dynamics

5.4.1. Drivers

5.4.2. Restraints

5.4.3. Opportunity Analysis

6. Global Security Screening Market Demand Analysis 2013-2017 and Forecast, 2018-2028

6.1. Historical Market Size (US$ Mn) Analysis, 2013-2017

6.2. Current and Future Market Size (US$ Mn) Projections, 2018-2028

Download Complete TOC Of this Report @ https://www.futuremarketinsights.com/toc/rep-gb-2673

About Future Market Insights

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: [email protected]

For Media Enquiries: [email protected]

Report: https://www.futuremarketinsights.com/reports/security-screening-market

Press Release Source: https://www.futuremarketinsights.com/press-release/security-screening-market

SOURCE: Future Market Insights

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