X-Ray Security Screening Market Research 2020-2025 Report by Key Growth Drivers, Challenges, Leading Key Players Review

X-Ray Security Screening Market size across the globe is anticipated to gain significant growth during the forecasted years, 2015 to 2020. This growth can be attributed to rising demand for scanning of products and personals to track fictitious activities like transport of drugs, weapons, and chemicals. Moreover, rising number of shopping malls, banks, and governmental institutions have created the demand for such security screening products thereby driving the market growth.

 

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The key driving factors responsible for the growth of X-Ray Security Screening market :

 

The advances and developments being made across this industry have made these products safe, easy to use, and fast. These factors have paved the way for the usage of such products across all organizations apart from their industrial application. Technological advances being made in parts like sources, tubes, detectors, sensors, and software upgrades are also expected to contribute towards market growth.

 

Owing to their wider applications across the globe, these products are being replaced by metal detectors and hand search machines. However, ionizing radiations coming out of these carcinogenic products are expected to hinder its growth. Moreover, the backscatter scan emits low dose of radiation thereby causing skin cancer.

 

End-use Insights

The segment of transit is anticipated to register faster growth due to rising number of passengers across the globe. This growth can be attributed to growing aviation sector which is promoting the travelers across the globe coupled with increasing adaptability of security measures. In addition, rising demand for portable x-ray security screening systems to stop terror threats is projected to fuel up the market growth in the upcoming years. Moreover, surging demand for air travel across Asia Pacific and Middle East countries has promoted the need for ensuring safety while traveling thereby driving the demand for such products.

 

Application Insights

The segment for product screening held the largest share of around 60% across the global x-ray security screening system market. This growth can be associated with rising need for inspection of baggage, cargo, and parcel for security purposes. In addition, rising number of airports and seaports across the globe is also expected to positively impact market growth in the upcoming years. Moreover, increasing risks of weapon and human trafficking are also anticipated to fuel up the market growth from 2015 to 2025.

 

Regional Insights

North America held the largest share across the global market and is expected to continue its dominance over the forecasted years. This growth can be attributed to rising demand for such products across governmental organizations. These products are also being widely used in the Defense sector across the globe. On the other hand, Europe is also anticipated to register significant growth from 2015 to 2025. This growth can be attributed to several factors like protection of human lives, increasing border security coupled with rising need for prevention of terror attacks.

 

Competitive Insights

The key players in the x-ray security screening market occupied a major share of 55% across the global market in 2013. Some of them are 3DX-Ray,Adani,Smith Detection, OSI Systems, Analogic Corporation, Astrophysics and Morpho Detection. These players are also focusing on product development and innovation to gain a competitive advantage over other players. However, issues like product disruptions, stringent government policies, and delay issues related to the supply chain are expected to act as a hindrance to the growth. To overcome these issues, these players have started implementing various marketing strategies like acquisitions, mergers, and expansion of distribution network across the globe.

 

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