X-Ray Security Screening System Market projected to experience a healthy growth by 2024
Date: 2018-08-08   Author: Ronak Bora  Category: #market

X-Ray Security Screening System Market projected to experience a healthy growth by 2024

X-Ray Security Screening System Market set to reach over USD 3 billion by 2024. Increasing occurrences of terroristic activities across the world and government initiatives to modernize airport security systems is aiding to the large-scale adoption of the x-ray security screening system market. The occurrences of airport bombing attacks and aircraft hijackings such as the March 2017 Orly Airport attack in Paris and the attempted attack on Malaysia Airlines are inducing a high rate of panic amongst the general population. Additionally, these attacks cause damages to the infrastructure leading to major financial losses being incurred by the government.

A high movement of illegal contraband such as drugs, radioactive materials, and weaponry across country borders is further propelling the x-ray security screening system market. The International Atomic Energy Agency (IAEA) reported nearly 2,500 incidents of trafficking of radioactive materials from 1995-2015. In light of such instances, governments of various economies are intensifying their security protocols and deploying advanced technologies in high-stress locations such as airports, transit locations, malls, and other public locations.

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High traveler traffic in transit locations and airport construction activities in the Asia Pacific region is a major factor aiding the x-ray security screening system market growth. Additionally, government initiatives such as the Chinese government mandated the provision of digital flat panel detector (FPD) X-ray systems in the Tier-2 rural hospitals. This trend is intensified in the European countries such as Germany where terroristic and smuggling activities have experienced a strong growth in the recent years.

Government focus on the safeguarding of offshore ports from dirty bombs and the increase in traveller traffic at high-risk transit locations such as airports is contributing to the high growth of the market during the forecast timespan. Additionally, the Transportation Security Administration (TSA) has also announced that it is working in collaboration with American airlines for the installation of new security lanes to reduce the inconvenience, invasiveness, and the time taken for the completing a complete body and baggage check.

There is a substantial increase in airport construction and modernization activities which is further propelling x-ray security screening system market demand. For instance, in September 2017, the Pittsburgh International Airport (PIT) and its managing Allegheny County Airport Authority (ACAA) announced that they had initiated a USD 1.1 billion terminal modernization plan. The plan places a high focus on improving the efficiency of the security screening process by installing new technologies that can detect the presence of contraband in luggage and on travelers and aims to replace traditional security processes.

Browse key industry insights spread across 140 pages with 118 market data tables & 32 figures & charts from the report, X-Ray Security Screening System Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/x-ray-security-screening-system-market-report

Segmentation of the x-ray security screening system market by end-use indicates that the transit industry sub-segment will have the highest growth. These systems aid in identifying potential threats coming from the evaluation of suspicious packages, vehicle scanning, suspect scanning, custom searches through wall scanning to reduce disruption in the public.

X-ray security screening system market players Adani Systems Inc., MinXray, Inc., L-3 Communications Security & Detection Systems, Kapri Corp, Smiths Detection, OSI Systems, Inc., Astrophysics Inc., Autoclear LLC, Scanna MSC, and Vanderlande. 

 



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Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

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