Market Report on Security Screening Market Worth $9.10 Billion by 2020

[199 Pages Report] Security Screening Market Analysis and Forecast to 2020 report categorizes global market by Product (EDT, metal detector, X -ray & biometric screening system ), by Application (border security, airport, government, education, and private & public places), & by Geography.


Dallas, TX -- (SBWIRE) -- 10/07/2014 -- Brazil is expected to grow well due to the fact that the country is involved in major public events such as FIFA 2014 and the upcoming event – Rio 2016 Olympics; which involve huge amount of security screening of people and their belongings. In terms of the number of airports, Brazil stands second after North America,accounting for ~10% of the total airports in the world. Thus, the country can explore more in future in terms of the security screening market.

Market players involved in the development of the security screening are American Science and Engineering, Inc. (U.S.), Analogic Corporation (U.S.), Argus Global Pty Ltd (Australia), Aware Incorporation (U.S.), Digital Barriers plc. (U.K.), Implant Sciences Corporation (U.S.), Magal Security Systems Ltd (Israel), OSI Systems, Incorporation (U.S.), Safran SA (France), and Smiths Group plc. (U.K.).

Browse 73 market data tables and 91 figures spread through 199 pages and in-depth TOC on “Security Screening Market”

Security screening market is growing well at airports, public places, and private sectors as compared to the other major application areas. The increasing number of airports is increasing the need for security screening. In terms of the number of airports , the U.S.stands first, accounting for ~32% of the total airports in the world;followed by Brazil, Mexico, and Canada with ~10%, ~4%, and ~4% respectively. The security screening is done more atairports as compared to the other application areasof this market;thus, there is a huge scope for this market to grow in the aviation segment. There is a growing need for security screening in the public and private segments. Ensuring people’s safety at public places such as malls, hotels, casinos, hospitals, and banks is of utmost importance, so as to avoid terrorism and unlawful activities.

This report describes the market trends, drivers, and challenges with respect to the security screening market and forecasts the market up to 2020. This global report gives a detailed view of the market across the four major geographies, namely - North America (U.S., Canada, and Mexico), Europe (U.K., Germany, France, Italy, Spain, and Russia), APAC (China, Japan, South Korea, India, and Australia), and RoW (Latin America, Middle East, and Africa).

Asia-Pacific stands first in terms of the CAGR in the security screening market. North America has been identified as the leader in the market in terms of the market size, with the U.S leading the way. Europe is a promising market, comprising Germany and the U.K.; while the ROW also presents a driving factor toward the growth of this market with Brazil and Argentina. The report profiles the 10 major players in the security screening market ecosystem.

The competitive landscape of the security screening market presents anoverall scenario, where major players such asSmiths Group plc. (U.K.) and Safran SA (France)play a major role. The market is witnessing agreements, contracts, and product launches across its value chain, among a number of tier-one players around the globe. SafranSA (France) developed‘Finger on the Fly’, which is the world’s fastest contactless four finger scanner. Smiths Detection (U.K.)came up with an advanced dual-view X-ray inspection systemfor automatic explosive detection at security checkpoints where bags and personal belongings are screened. Thus, the market players are constantly working toward new and innovative product offerings.

The security screening market is expected to witness more demand in the APAC region followed by North America as compared to the Europe and the Rest of the world, in the coming years. APAC is expected to grow ata CAGR of 10.14%, followed by North America, with a CAGR of 10.03% from 2014 to 2020. The total requirement of security screening is more in APAC as compared to other regions due to reasons such asthe increasing number of terrorism and unlawful activities, greaternumber of public places and private sectors, among others.

Security screening is used more at airports and private sectors as activities such as smuggling and other unethical practices take place to a large extent at such places; the private sector involves the offices premises and business events where security screening is used for attendance, authentication, and access control of employees. Security screening products such as biometric systems, X-ray screening systems, and explosive trace detectors are widely used. The use of shoe scanner and liquid scanners is expected to reduce in the future as the features of shoe scanner and liquid scanners have now been merged with full body X-ray scanner and electromagnetic metal detector.

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Security screening market by geography is divided on the basis of the different geographical regions; namely North America, Europe, APAC, and RoW. APAC is growing at a fast CAGR; itis expected to account for 10.14% share of the overall market from 2014 to 2020). Currently, North America occupies the major share of the market for screening in terms of market size, that is, ~38% of the total market. The main reason for the higher growth of these regions as compared to the Europe and the Rest of the World can be the rise in the amount of terrorism and unethical practices in these regions.

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