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Security Screening Market Size, Share, Opportunities, And Trends By Product (X-Ray Screening System, Biometric System, Electromagnetic Detector, Others), By Application (Railway Stations, Airports, Government Offices, Border Check Points, Others), And By Geography - Forecasts From 2020 To 2025

Published: Mar 2020 | Report Code:  KSI061610075 | Pages:  114

The global security screening market is expected to grow from US$7,577.902 million in 2019 to US$12,503.408 million by 2025, at a CAGR of 8.70% over the forecast period. Security screening involves scanning of individuals and their belongings to avoid unethical and unlawful practices that result in the economic, financial, and human loss. The major factor that is driving the demand for security screening systems is the growing need for security measures at various public places such as restaurants, cinema halls, and others owing to rising terror attacks across the globe. Advancement in sensor technology is also fueling the growth of this market. Among all security screening devices, biometric systems are the account for the bulk of the demand.       

Growth in the number of air passengers is one of the prime drivers for the market.

The number of the passenger traveling through air transport is increasing steadily over the years. In fact, the number of air passenger numbers increased from approx. 1.5 billion in 2000 to 4.4 billion in 2018 (source: International Air Transport Association). The growing number of air travels is leading to the aviation industry adapting a process that ensures a simple and smooth travel experience for the passengers while ensuring effective security. 

For instance, providing effective security through biometric verification has been growing over the years. This is due to the improvement of the biometric technology over the years and is expected to achieve wider implementation that will result in removing the need for verification of physical documents and credentials at every point. Furthermore, the deployment of biometric related initiatives at airports is expected to increase at a rapid pace. Moreover, the combination of biometric-based technology has the ability to provide insights that can be used to perform an enhanced method of screening called risk-based screening. The risk-based screening will assign a risk score to an individual and appropriate screening protocol will be applied to them. 

Lucrative revenue-generating opportunities lie in the Asia Pacific while North America is projected to grow at a stable rate during the forecast period.

Stringent security regulations and processes in the U.S. and Canada is the major driving factor in the Americas. For instance, in 2017, the Department of Homeland Security announced enhanced screening procedures on all inbound flights to the United States. Moreover, in May 2019, the Transport Security Administration announced that it expects to screen more than 4% or 10 million more passengers between May 23rd to September 3rd, 2019. Moreover, the TSA recently announced that it is testing a new type of screening technology – Advance Imaging Technology Body scanner at airports. Similarly, measures were announced in Mexico in 2017 that saw an increase in security measures for flights bounded to the United States from Mexico. 

The Asia Pacific is projected to witness high growth over the forecast period due to the rising threat of terror attacks and mushrooming smuggling and other illegal activities. For instance, the Government of Australia announced a $204 million budget in 2018 in order to increase airport security as a part of national security overhaul. Moreover, the emerging economies like India and China are witnessing an influx of international passengers over the years. Moreover, India has witnessed a rapid increase in the number of domestic flight passengers over the years caused by the growing competitive environment, pushing the prices downwards. Similarly, the focus by the Government of India to develop the railway sector is also boosting the growth of the market. Moreover, the number of smart city project is expected to increase in emerging economies that is further anticipated to supplement the growth of the market. In fact, Nuctech Company Ltd. has its security and inspection related products installed in 75 airports, Delhi and Lucknow metro and with other states and law enforcement agencies in India and the company aims to further penetrate the Indian market. 

Segmentation:

  • By Product
    • X-Ray Screening Systems
      • Body Scanners
      • Baggage Scanners
      • Others
    • Biometric System
      • Iris
      • Facial
      • Fingerprint
      • Others
    • Electromagnetic Detectors
      • Walk-Through
      • Handheld
      • Others
    • Others
  • By Application
    • Government Buildings
    • Airports
    • Borders
    • Hotels
    • Railway Stations
    • Tourist Attractions
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of security screening market?
A1. The global security screening market was valued at US$7,577.902 million in 2019.
 
Q2. What will be the security screening market size by 2025?
A2. Security Screening Market is expected to grow US$12,503.408 million by 2025.
 
Q3. What are the key factors behind the security screening market growth?
A3. The major factor that is driving the demand for security screening systems is the growing need for security measures at various public places such as restaurants, cinema halls, and others owing to rising terror attacks across the globe.
 
Q4. Which region holds the maximum market share in the security screening market?
A4. The Asia Pacific is projected to witness high growth over the forecast period due to the rising threat of terror attacks and mushrooming smuggling and other illegal activities.
 
Q5. What are the growth prospects for security screening market?
A5. The global security screening market is expected to grow at a CAGR of 8.70% over the forecast period.
 

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