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New York, NY -- (SBWIRE) -- 12/06/2017 -- Global security screening Market is expected to grow from US$6.355 billion in 2017 to US$10.543 by 2022, at a CAGR of 10.66% over the forecast period. Security screening involves scanning of individuals and their belongings in order to avoid unethical and unlawful practices that result in the economic, financial, and human loss. The major factor that is driving the demand for security screening systems is the growing need for security measures at various public places such as restaurants, cinema halls, and others owing to rising terror attacks across the globe. Advancement in sensor technology is also fueling the growth of this market. Among all security screening devices, biometric systems are the account for the bulk of the demand.
Stringent security regulations and processes in the U.S. and Canada is the major driving factor in the Americas. Asia Pacific is projected to witness a high growth over the forecast period due to rising threat of terror attacks and mushrooming smuggling and other illegal activities. The growth of global security screening market, however, is restrained due to high installation costs and privacy concerns.
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The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of security screening. Complete industry analysis has also been covered by Porter's Five Forces model as a part of this report section.
Thirdly, Security Screening market has been segmented by product, application, and geography. On the basis of product, market is segmented as X-Ray screening system, biometric system, electromagnetic detector, and others. By application, the segmentation has been done as railway stations, airports, government offices, border check points, cinema halls, and others as a part of this report.
Important regions for vendors in terms of market size are covered through detailed geographical segmentation and country Pressure forecasts. Geographical regions covered as a part of this section are Americas, Europe Middle East and Africa, and Asia Pacific.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry player profiles as part of this section are Analogic Corporation, American Sciences and Engineering Inc., Safran S.A., and Smiths Group among other companies.
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Table of Content
1.1. Market Definition
1.2. Scope of the Study
1.5. Base, and Forecast Years Timeline
2. Research Methodology
2.1. Research Design
2.2. Secondary Sources
3. Key Findings of the Study
4. Market Dynamics
4.3. Opportunities and Market Trends
4.4. Market Segmentation
4.5. Porter's Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Industry Value Chain Analysis
4.7. Industry Regulations
4.8. Scenario Analysis
5. Security Screening Market Forecast by Product (US$ billion)
5.1. X-Ray Screening System
5.2. Biometric System
5.3. Electromagnetic Detector
6. Security Screening Market Forecast by Application (US$ billion)
6.1. Railway Stations
6.3. Government Offices
6.4. Border Check Points
7. Security Screening Market Forecast by Geography (US$ billion)
7.2. Europe Middle East and Africa
7.2.3. United Kingdom
7.2.4. Saudi Arabia
7.3. Asia Pacific
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