DUBLIN--(BUSINESS WIRE)--The "Security Screening Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global security screening systems market was worth US$ 7.9 Billion in 2018
Security screening refers to any electronic, visual or manual examination or inspection of individuals, packages and containers to identify the presence of illegal and prohibited articles. It assists in threat detection and safeguards people from explosives, concealed weapons and other contraband without any physical contact between the screener and the object being screened.
Security screening is done using various electronic and magnetic devices such as metal detectors, X-ray scanners, full-body scanners and biometric systems. These systems are used in public spaces, government buildings, educational institutions and other commercial places that have a high public concentration or deal with sensitive information.
Growing terrorist threats is one of the key factors driving the market growth. With rising global terrorism, there has been an increase in the emphasis on preventing unethical and unlawful acts, which has led to the employment of security screening systems across the globe. Moreover, the growth in the information technology (IT) sector has also driven the need to adopt comprehensive security screening systems to safeguard consumers' identity and confidential information from being accessed by unauthorized hackers.
For instance, fingerprint recognition and biometric scanning have become reliable solutions in the IT sector as they are unique to each individual and significantly reduce the possibilities of identity theft. Additionally, stringent government policies aimed to ensure public safety along with technological advancements such as the application of CT scanners, smart scanning systems and eye-detection software are also contributing to the market growth.
Looking forward, the market is expected to reach a value of US$ 12.2 Billion by 2024, registering a CAGR of 7.5% during 2019-2024.
Key Questions Answered in This Report:
- How has the global security screening systems market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global security screening systems industry?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the global security screening systems industry?
- What are the key driving factors and challenges in the global security screening systems industry?
- What is the structure of the global security screening systems industry and who are the key players?
- What is the degree of competition in the global security screening systems industry?
- What are the profit margins in the global security screening systems industry?
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Security Screening Systems Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product Type
5.4 Market Breakup by Application
5.5 Market Breakup by Region
5.6 Market Forecast
6 Market Breakup by Product Type
6.1 X-Ray Screening Systems
6.2 Explosive Trace Detector
6.3 Electromagnetic Metal Detector
6.4 Shoe Scanner
6.5 Liquid Scanner
6.6 Biometric Systems
7 Market Breakup by Application
7.1 Transit Sector
7.1.1 Market Trends
7.1.2 Market Breakup by Type
184.108.40.206 Land Transportation
7.2 Government Sector
7.3 Commercial Sector
8 Market Breakup by Region
9 SWOT Analysis
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 American Science and Engineering, Inc.
13.3.2 Analogic Corporation
13.3.3 Argus Global Pty Ltd
13.3.4 Aware Incorporation
13.3.5 Digital Barriers PLC
13.3.6 Implant Sciences Corporation
13.3.7 Magal Security Systems Ltd.
13.3.8 OSI Systems, Inc.
13.3.9 Safran SA
13.3.10 Smithsgroup PLC.
For more information about this report visit https://www.researchandmarkets.com/r/fjotnu