Join today and have your say! It’s FREE!
We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}

Join today with :

or

By providing my email, I consent to receiving investment related electronic messages from Stockhouse.
Sign in with existing account
Please Try Again
{{ error }}

Sign In With :

or

Password Hint : {{passwordHint}}
Forgot Password?
Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

North American Security Screening Market Analysis & Forecast to 2027 - Significant R&D on Emerging Technologies Will Boost Market Growth - ResearchAndMarkets.com

DUBLIN

The "North America Security Screening Market to 2027 - Regional Analysis and Forecasts by Product; Application" report has been added to ResearchAndMarkets.com's offering.

The North America security screening market accounted for US$ 2.31 Bn in 2018 and is expected to grow at a CAGR of 5.9% over the forecast period 2019-2027, to account for US$ 4.01 Bn in 2027.

The prospering e-commerce sector propelling domestic and international trade, and loss of human life owing to persistent attacks are the major factors boosting the security screening market growth. Moreover, the increase in investments in the development of the infrastructural sector is expected to boost the security screening market.

Furthermore, significant R&D on emerging technologies is anticipated to be the leading trend in the security screening market. The present innovations in checkpoint security are supplementing the growth of the overall market. The baggage screening is implemented in a multiplexed and remote manner, while the aid of the conveying system in organizing the flow. Further, ongoing enhancements of the security scanners are being deployed.

The recent US ban on laptops as carry-on baggage has created an alarming situation regarding the use of the device as an explosive or bomb. Such bans create inconvenience to passengers. Thus, companies are researching to come up with advanced technologies that enable effective screening. One such technology is Ultrabright microfocus X-ray, which is an efficient substitute to conventional X-ray tubes. Microfocus X-ray, when used with CT scanners, offers a solution that can produce higher-resolution 3D images.

The security screening market is fragmented in nature due to the presence of several industries, and the competitive dynamics in the market is anticipated to change during the coming years. In addition to this, various initiatives are undertaken by governmental bodies to accelerate the security screening market further.

For instance, the US Custom and Border Protection scan all the containers during their entrance in the US by using sea or land to detect radiation. The agency also recognizes around 5% of all arriving seaborne containers as high risk, and it scrutinizes those containers with X-ray or gamma-ray imaging systems. In the last decade, the US government had mandated the use of both imaging systems and radiation detectors to scan incoming seaborne containers.

The law gave Department of Security (DHS) a deadline till 2012 to completely implement the system. However, the deadline has been extended three times, and now the law has given a deadline till 2018. In addition, DHS provides grants to universities for conducting research related to security screening technologies. For instance, DHS provided funds to the Nottingham Trent University for evaluating 3D X-ray imaging research.

The North America security screening market by application is dominated by the airport segment in the year 2018 and is anticipated to continue its dominance showcasing a substantial growth rate in the forecast period, followed by government and public place segments. Security screening helps in acquiring real-time information of an individual, baggage, cargo, and vehicle when passes or comes in contact with screening equipment.

By installing equipment, the country improves the security of the concerned place and saves time. Henceforth, security screening is receiving much traction for the security purpose among several applications. The terrorists might take advantage of commercial spaces or ports such as seaport which lags in having high-end security and can conduct any illegal and life-threatening activity.

Possible threats include smuggling of weapons or drugs conventional explosive device, radiological bomb, or movement of terrorist operatives. Thus, emphasizing on the need for installation of necessary security detection systems is rising substantially to avert contraband of prohibited objects.

Some of the players present in security screening market are Aware, Inc., Anviz Global, Analogic Corporation, Iris ID Inc., L3 Security & Detection Systems, Magal Security Systems Ltd, Nuctech Company Limited, OSI Systems, Inc., Smiths Detection Inc., and Teledyne ICM (Teledyne Technologies Incorporated) among others.

Key Topics Covered

1. Introduction

1.1 Scope Of The Study

1.2 Report Guidance

1.2.1 North America Security Screening Market - By Product

1.2.2 North America Security Screening Market - By Application

1.2.3 North America Security Screening Market - By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Security Screening Market Landscape

4.1 Market Overview

4.2 North America PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Security Screening Market - Key Industry Dynamics

5.1 Key Market Drivers

5.1.1 Increase in the global air passenger traffic

5.1.2 Loss of human life owing to persistent attacks

5.1.3 Prospering e-commerce sector propelling domestic and international trade

5.2 Key Market Restraints

5.2.1 Health issues associated with X-ray radiations restricts the growth of full-body X-ray scanners

5.2.2 Challenges related to understanding the discrepancies in the security sector

5.3 Key Market Opportunities

5.3.1 Increase in investments on the development of infrastructural sector

5.4 Future Trends

5.4.1 Significant R&D on emerging technologies

5.5 Impact Analysis of Drivers and Restraints

6. Security Screening Market - North America Market Analysis

6.1 Overview

6.2 North America Security Screening Market Revenue And Forecasts To 2027 (US$ Mn)

7. North America Security Screening Market Analysis - By Product

7.1 Overview

7.2 North America Security Screening Market Breakdown, By Product, 2018 & 2027

7.3 X-Ray Scanner

7.4 Biometric Systems

7.5 Electromagnetic Metal Detector

7.6 Explosive Trace Detector

8. North America Security Screening Market Revenue and Forecasts to 2027 - By Application

8.1 Overview

8.2 North America Security Screening Market Breakdown, By Application, 2018 & 2027

8.3 Border Check Point

8.4 Airport

8.5 Government

8.6 Public Places

8.7 Others

9. North America Security Screening Market - Country Analysis

10. Industry Landscape

10.1 Overview

10.2 Merger & Acquisition

10.3 Market Initiative

10.4 New Development

11. Company Profiles

11.1 Aware, Inc.

11.2 Anviz Global

11.3 Analogic Corporation

11.4 Iris ID, Inc.

11.5 L3 Security & Detection Systems

11.6 Magal Security Systems Ltd.

11.7 Nuctech Company Limited

11.8 OSI Systems, Inc.

11.9 Smiths Detection Inc.

11.10 Teledyne ICM (Teledyne Technologies Incorporated)

For more information about this report visit https://www.researchandmarkets.com/r/b80iql

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Tags:




×

StockTalk
Get our FREE StockTalk Investor Guides by sector as they are released!

Stay on top of sector specific news, get industry leaders insights and our best content, delivered to your email.

You are already a member! Please enter your password to sign in.