The global Security Screening Equipment market is expected to be significantly driven by increasing government investments in security due to the upsurge in terror activities across the globe.
New York, NY -- (SBWIRE) -- 02/14/2017 -- Global Security Screening Equipment Market: Introduction
Security has now become a vital part of each and every area of government as well as private spaces such as airports, embassies, hotels, small commercial spaces, supermarkets, etc. The aim is to avoid loss of man and material either through theft or terror attacks. Over the years, there has been an increase in terror activities across the globe, which has led to an increase in demand for proper security checkpoints design. Various governments are enforcing stricter regulations and laws for inspection of people in transit. With the advancement achieved in weapon technology, manufacturers in the security screening equipment market are making efforts to develop equipment with highest functional and operational performance. Security screening equipment now are capable of detecting objects as small as a needle and thus, ensure proper security of the location/area/campus. The screening equipment ensure high efficiency and eradicate any chances of errors that are common during security screening done by humans. When mapped out of product life cycle, the security screening equipment market is in maturity phase. The market, right now, is focussing on improvisation of existing technologies for better fulfilment of general to high-sensitive applications. The security screening equipment find major application in airports, government buildings, military applications, embassies, commercial spaces such as supermarkets, jewellery shops, financial institutions, luxury hotels, etc. Airports, military and government building usually deploy high-sensitive security screening which includes x-ray scanners, explosive detectors, etc. The security screening equipment market is expected to witness robust growth over the forecast period.
TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/13156
Global Security Screening Equipment Market: Market Dynamics
The global Security Screening Equipment market is expected to be significantly driven by increasing government investments in security due to the upsurge in terror activities across the globe. Furthermore, ongoing infrastructural developments across countries to develop new airports, stadiums and other such infrastructures will also lead to an increased demand for novel and efficient security screening systems. A significant upsurge in demand for security screening equipment from private sector is expected over the forecast period. This is primarily due to the fact that, people, day-by-day, are getting aware of the importance of such equipment and as a result, these systems are also being increasingly deployed in residential buildings/apartments/townships so as to ensure the safety of man, material and property. Installation of biometric systems at commercial spaces is also an example of the same.
The market for security screening equipment is highly competitive due to the presence of a large number of Tier I and Tier II players globally. Owing to this fact, advancement in technology has emerged as a major product differentiator among manufacturers. The global security screening market is expected to significantly benefit from the strict laws and regulations regarding inspection of human and goods/luggage in transit.
One of the chief factors restraining the growth of the security screening equipment is the high installation cost of these equipment, particularly complete object/body detectors. This limits application of full body detectors to airports and government & military buildings. Another prominent factor that is hampering the growth of the market is the negative publicity of some screening equipment – it's been said and written often that these equipment pose threat to human health due to exposure to various radiations.
Global Security Screening Equipment Market: Market Segmentation
On the basis of product type, the Security Screening Equipment market can be segmented into:
-Walk-through metal detector (WTMD)
-Hand-held metal detector (HHMD)
-Explosives trace detection (ETD)
-Explosives detection system (EDS)
-Explosives trace portal (ETP)
-Liquid container screening (LCS)
-Threat image projection (TIP) systems
On the basis of application, the Security Screening Equipment market can be segmented into:
-Commercial & Public Spaces
Global Security Screening Equipment Market: Region-wise Outlook
Asia Pacific is expected to dominate the volume demand for Security Screening Equipment over the forecast period. Increasing number of airports are expected to be the prime reason for the growth of the market. North America and Europe are expected to be the next big markets for security screening equipment. These regions are expected to witness significant CAGR growth over the forecast period. Latin America is expected to witness significantly low volume sales as compared to North America. The Latin America market will witness moderate CAGR growth over the forecast period.
Global Security Screening Equipment Market: Market Participants
Examples of some of the market participants identified in the global Security Screening Equipment market are:
-Ketech Defence Ltd.
-Point Security, Inc.
-American Science and Engineering Inc.
-XP Metal Detectors
-Teledyne DALSA Inc
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
-Supply & Demand
-Competition & Companies involved
Regional analysis includes:
-North America (U.S., Canada)
-Latin America (Mexico. Brazil)
-Western Europe (Germany, Italy, France, U.K., Spain)
-Eastern Europe (Poland, Russia)
-Asia Pacific (China, India, ASEAN, Australia & New Zealand)
-Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/13156
-Detailed overview of parent market
-Changing market dynamics in the industry
-In-depth market segmentation
-Historical, current, and projected market size in terms of volume and value
-Recent industry trends and developments
-Strategies of key players and products offered
-Potential and niche segments, geographical regions exhibiting promising growth
-A neutral perspective on market performance
-Must-have information for market players to sustain and enhance their market footprint
About Persistence Market Research
Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
PMR stands committed to bringing more accuracy and speed to clients' business decisions. From ready-to-purchase market research reports to customized research solutions, PMR's engagement models are highly flexible without compromising on its deep-seated research values.