Security screening systems: Key market research findings
- Changing security regulations for air cargo and passengers
- Emergence of CT security screening
- Leading players are American Science and Engineering, Rapiscan Systems, Safran, and Smiths Detection
Technavio has released a new report on the global security screening systems market, which is expected to grow at a CAGR of around 9% between 2016 and 2020. The governments across the globe are modernizing their security regulations with regard to the screening of passengers and air cargo to address the growing security concerns at airports. The airports require more complex in-line systems and substantial investments for airport infrastructure construction and renovation depending on their capacity. Several airports are replacing the aging screening systems which will increase the demand for security screening systems during the forecast period. The Americas are the largest region in this market and is anticipated to occupy around 38% of the total market share by 2020. Much of the region’s growth can be attributed to the significant increase in air traffic which necessitates the installation of advanced airport security equipment, strict border control procedures, and passenger and cargo screening.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The emergence of computed tomography (CT) security screening is the latest development in this market. Recently, Changi Airport Group in Singapore started conducting trials of CT security screening to improve efficiency and processes at screening checkpoints. CT screening can produce composite 3-D images of baggage contents by combining radiographic cross-sections of contents to detect threats based on volume and density. This security screening equipment is very effective in the detection of explosives and other threats at airport checkpoints,” says Amrita Choudhury, Lead Analyst, ICT, Technavio Research
The transit sector segment will continue its dominance in the market during the forecast period and is likely to account for around 43% of the total market share by 2020. The increase in number of violent activities in the recent years has compelled airport authorities across the globe to implement advanced security systems to screen passengers and cargo. These systems require the installation of large, complex, expensive, and ultra-sensitive explosives detection systems. The exponential increase in the number of air and marine travelers will also call for the adoption and implementation of advanced airport baggage scanners and other security systems in the coming years.
American Science and Engineering, Rapiscan Systems, Safran, and Smiths Detection are the leading players in the global security screening systems market. Vendors in the security screening systems market are mainly focused on expanding their product portfolio. They are constantly investing in their R&D and concentrate on developing advanced technologies to upgrade their existing security detection systems for better accuracy. The market is characterized by the presence of several small and large scale vendors and the vendor competition in the market appears intense. The forecasted period will witness the entry of several new players in the market and this will further intensify the competition among vendors.
A more detailed analysis is available in the Technavio report, Global Security Screening Systems Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
· Global Airport Information Systems Market 2016-2020
· Global Aviation Cyber Security Market 2016-2020
· Global Airport Passenger Screening Systems Market 2015-2019
