X-Ray Security Screening System Market Rising at 5% CAGR to 2024: Analysis of Key Players Morpho Detection, Smith Detection, Analogic Corporation, Analogic Corporation

The 2017-2024 report on Global X-Ray Security Screening System market explores the essential factors of X-Ray Security Screening System industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.

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Selbyville, DE -- (SBWire) -- 11/21/2018 --X-ray security screening system market is expected to grow over the estimated timespan, owing to the increasing adoption at the border crossing points to ensure safety and security. Persisting risk of terrorist attacks has encouraged the investment form the aviation sector. The systems are increasingly being implemented in the airports to prevent the harm to passengers, aircrafts, & crew and enhance national security, thus propelling the x-ray security screening system market growth. Growing threats of drug trafficking, illegal arms trade, and illegal immigration has increased the governments of various countries to use these scanning systems at public places including hotels, government sites, transport hubs, and museums & concerts. X-Ray Security Screening System Market is set to exceed USD 3 billion by 2024; according to a new research report.

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Possibilities of skin tissue damage due to ionization effect of the rays is expected to challenge the x-ray security screening system market growth. Growing stringency of regulations put forth by the U.S. Department of Health and Human Services (HHS) and the U.S. Food and Drug Administration (FDA) discouraging the use of high-frequency systems is expected to hamper the x-ray security screening system market growth over the future. However, the growing usage of backscatter x-ray systems, that reduce the health hazards in people scanning applications is expected to gain popularity.

Growing need to scan the cargos at the border checkpoints is driving the demand from transit industry, thus propelling the x-ray security screening system market over the forecast timespan. Companies in the industry offer a portfolio of configurable high-energy radiation scanning systems to keep the trade flowing smoothly. Technologies such as advanced cargo imaging and detection are developed that provides dynamic range and superior penetration views.

Asia Pacific is expected to grow at a fast pace in the industry over the future, owing to growing number of passengers travelling through airways. Growing trade across the borders, particularly in developing countries including India and China is driving the adoption of these systems. Astrophysics, in partnership with the local supplier, will supply these equipment for the 2018 Winter Olympics and Paralympics in South Korea later this year, thus impacting the x-ray security screening system market positively.

Growth drivers

- High security risks associated terrorist attacks in the U.S.

- Emergence of stringent security measures in Europe

- Growing investments in Asia Pacific to develop airport infrastructure

- Rising focus on airport upgrades in China

- Growing construction of airports in Singapore

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Growing instances of terrorist attacks in Europe in the past few years and growing threat from terrorist organizations such as ISIS is expected to drive the regional x-ray security screening system market growth. The November 2015 Paris attacks on multiple locations including music venues, restaurants & bars, and sports stadium compelled the government of France to implement the scanning equipment in all the public places, thereby impacting the industry positively. The bombings in Brussels in March 2016 encouraged the government of Belgium to implement advanced scanning systems in airports and metro stations all over the country. Such threats are expected to compel the government bodies to implement these devices, thus propelling the industry growth over the next seven years.

Some of the major players in x-ray security screening system market include OSI Systems (Rapiscan), Morpho Detection, Smith Detection, Analogic Corporation, L3 Security & Detection Systems, Analogic Corporation, Adani Group, Astrophysics, Inc., and American Science and Engineering. The companies are developing software solutions to enable to view an integrated scanned image. For instance, CV2 software solution by L3 integrates the data from several scanning systems to a centralized display. This allows quick access to the contents of the cargo locally for illegal or contraband items.

Table of Contents

Chapter 1. Methodology & Scope

Chapter 2. Executive Summary

Chapter 3. X-Ray Security Screening System Industry Insights

Chapter 4. X-Ray Security Screening System, By End-use

Chapter 5. X-Ray Security Screening System, By Application

Chapter 6. X-Ray Security Screening System, By Region

Chapter 7. X-Ray Security Screening System Company Profiles

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