The Global Security Screening Market is expected to register a CAGR OF 6.47 %, during the forecast period (2018 - 2023). The scope of the report is limited to products offered by major players, which include X-Ray Scanner, Biometric Systems, Shoe Scanner, Explosive Trace Detector, Electromagnetic Metal Detector, and Liquid Scanner. While the regions considered in the scope of the report include United States, Canada, United Kingdom, Germany, France, Russia, South Africa, China, India, Japan, Mexico, Saudi Arabia, and Brazil.
Strict security regulations, growth in the tourism industry, developing aviation security market in Asia-Pacific, rising terrorist activities and increase in drug, weapon, and human trafficking are driving the security screening market.
The major players include: SRI INTERNATIONAL, IRIS ID, SMARTMATIC, ANVIZ GLOBAL, MORPHOTRAK, CROSS MATCH TECHNOLOGIES INC., SMART SENSORS LTD, AMERICAN SCIENCE AND ENGINEERING INC., ANALOGIC CORPORATION, DIGITAL BARRIERS PLC OSI SYSTEMS INC., SMITHS GROUP PLC, AWARE INC., ARGUS GLOBAL, FAXITRON, amongst others.
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For a long time, X-ray scanning technology has been used in security applications. This technology is used to screen individuals or products, and can also detect whats inside a closed container without having to open or damage the object in any way. This is a major advantage that x-ray scanners hold, and it is the primary reason why security organizations readily deploy them all over the world. X-ray scanners are mainly used in government sectors, the aviation industry and other commercial places, such as shopping malls, banks, and hotels. Security checkpoints at border crossings are the first line of defense against the smuggling of weapons, drugs, and explosives into the country.
With the rise in information technology, and the necessity for protection and to restrict access, reliable person identification is required. Fingerprint recognition-based IT security has attained great importance as a means of admitting information and services. The speech based recognition systems are in developing stages, but they are considered to be the most preferred means of security, once established.
Increasing Threat from Terrorism Emphasizes the Need for Security Screening:
Terrorist activity has increased manifold in the recent years, despite the numerous screening methods in place. This gives a clear picture of the areas that the existing systems are failing, in turn, providing the scope for further improvements. Also, more and more public and private organizations are adopting these techniques to prevent human and material loss. The security lapses in the successful terror attempts are being monitored to plug the gaps by providing additional infrastructural/human support as required, to make the system more robust and impermeable.
The report by Global Terrorism Data shows the alarming rate of rise in terrorist activities, which has increased despite efforts by various intelligence agencies. The recent attacks in Paris, Turkey, Baghdad, Kabul, Syria, Brussels, and Yemen have shown that infiltration is still possible, which means that there is further scope for technological advancements in the system; this, in turn, is expected to aid the growth of the market. With extensive applications in aviation, military, defence and banking for safeguarding human and capital losses, the industry is expected to grow in at a rapid pace. Middle-east & Africa and Asia-Pacific, particularly India, are expected to witness tremendous growth during the forecast period.
X ray Scanners are expected to have High Growth as One of the Basic Security Equipment:
With growing terrorist activities all over the world, these checkpoints play a vital role in providing safety and security; this also acts as a driver for the growth of the X-ray scanners market. X-ray scanners are even gaining prominence in event security. Event security requires screening of more than just people. Every box, every crate of food, each and every pallet of cargo needs to be screened for potential threats. The 2013 Boston Marathon Tragedy showed the world that large gatherings, including athletic events, are potential targets for terrorist attacks. The upcoming Football World Cup in 2018 in Russia is expected to drive the market for X-ray security scanners. The increase in the number of global air passengers, particularly in Asia-Pacific and the Middle East is a key driver for the growth of the X-ray security scanners market. Among the regions, North America held the major share of the global X-ray security scanners market in 2015, whereas, Asia-Pacific is projected to be the fastest-growing market. There is a growing need to scan people or luggage for weapons, drugs, chemicals, or explosive materials, on account of growing terrorist activities around the world. With advancements in technology, X-ray scanning evolved rapidly since it was a safe, effective, and easy-to-use solution.
North America is expected to have a High Market Share Owing to the Increasing Attacks:
The United States has implemented several screening methodologies, such as full-body scanning, banning of certain materials & scanners to identify such materials, layered security checks, and so on, which has helped propel the market value of security screening devices in the region. North America holds a major share in the security screening market, and is expected to continue to do so, during the forecast period. Recent attacks of Charlie Hebdo, Orlando and Dallas are also prompting for major overhaul of screening applications, which are expected to further help the growth in the region, along with tighter security in the region. However, attacks all over the world and the latest threat of ISIS are prompting the need for better security screening methods at various points of entry in the region. Canada, along with United States, is ramping up its security protocols, despite opening up its gates for war-stricken Syrian citizens. This trend is helping this region grow in market share, and maintain its market lead in this segment
Key Developments in the Market:
March 2018 - United States has announced an increase in the air security screening procedures to raise the security standards for air travel. The national Vetting Center will also work for the US to vet people to stay in the country
March 2018 - Smartmatic has announced the closure of operations in Venezuela after 15 years and 14 elections of service provided. The company has publicly announced the difference in the vote count of the company and the National Elections Council which ultimately led to such decision
January 2018 - Iris ID has been involved with various governments off late Iris ID has been conducting presidential election. A 60 member team of international observers from 27 countries has certified the election as free and fair consolidating the implementation of the process
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Companies Mentioned:
SRI International, Iris ID, Smartmatic, Anviz Global, MorphoTrak, Cross Match Technologies Inc., Smart Sensors Ltd, American Science and Engineering Inc., Analogic Corporation, Digital Barriers plc, OSI Systems Inc., Smiths Group plc, Aware Inc., Argus Global, Faxitron
Table Of Content:
1.Introduction
2.Research Methodology
3.Executive Summary
4.Market Insights
5.Market Dynamics
6.Technology Snapshot
7.Global Security Screening Market Segmentation
8.Vendor Market Share
9.Key Vendor Profiles
10.Investment Analysis
11.Future of Security Screening Market
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