- Opportunity and Forecast, 2016-2025
X-ray security screening systems are deployed at public places, such as railway station, airport, malls, and others, to mitigate potential threats and ensure public safety. These systems are used for scanning objects including weapons, liquor, metals, and other hazardous products. They play a vital role at borders to ensure security and prevent entry of unauthorized personnel and objects that pose threat to the national security. Technological advancements have enabled the incorporation of smart technologies to advanced threat detection systems to improve the level of security in prison & correctional facilities, customs & border crossing, mines, and other places.
The global x-ray security screening system market is driven by increase in security concerns, supportive government initiatives, inclination of organizations & industries toward improving safety. However, high installation and replacement costs of technologically advanced systems hamper the growth of the industry. Furthermore, growth in the aviation sector and need for enhanced level of security at customs and borders are expected to present opportunities to the industry players.
The global x-ray security screening system market is segmented based on application, end use, and geography. Based on application, the market is segmented into product screening and people screening. The end users of the market are broadly segmented into commercial, government, and transit industries. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, Latin America, and MEA.
The key players operating in the industry are Morpho Detection, Analogic Corporation, Adani Systems, Rapiscan, Smiths Detection, 3DX-Ray, Astrophysics, American Science and Engineering (AS&E), Eurologix Security, Auto Clear US, Gilardoni, and L-3 Communications. These players have adopted partnerships, new product launches, mergers & acquisitions, joint ventures, expansion, collaborations, and other strategies to strengthen their position and sustain the intense competition in the industry.
The global railway traction motor market is expected to reach $41.63 billion in 2025, from $30.28 billion in 2016, growing at a CAGR of 3.8% from 2017 to 2025. Railway ... Read More >>