Global X-Ray
Security Screening Market To Reach US$ 3.12 Bn By 2023
According to a new
market report published by Credence Research, Inc. “X-ray Security
Screening Market (By Application
(Luggage/Product Screening, Human Screening, and Vehicle Screening), By End-use
(Government, Transportation (Airway, Waterway, and Railroad Way), and
Commercial)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast
2016 – 2023”, the global X-ray security screening market is expected to grow at
a CAGR of 6.5% during the forecast period 2016 – 2023, reaching US$ 3.12 Bn by
2023.
Browse the full X-ray
Security Screening (By Application (Luggage/Product Screening, Human Screening,
and Vehicle Screening), By End-use (Government, Transportation (Airway,
Waterway, and Railroad Way), and Commercial)) Market - Growth, Share,
Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/x-ray-security-screening-market
Product
Insights
An X-ray security
screening system is a device that detects objects on the desired body or inside
a luggage without making any physical contact. Integrating advanced threat
detection technologies with flexible and intelligent system designs, X-ray
security screening systems enable effective threat recognition. Thus, these
devices increasingly find applications across airports, seaports, aircrafts, ships,
public gatherings, state boundaries, and commercial infrastructure to counter
threats like terrorism and illegal trafficking. The combination of terrorist
attack threats, the shortcomings of current technologies, and governments’
willingness to invest on security infrastructure development bodes well for the
market growth.
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sample @ http://www.credenceresearch.com/sample-request/58025
Competitive
Insights:
The global X-ray
security screening market is technology driven and highly consolidated across
different end-use segments. The leading top 4 players account for over 50% of
the global X-ray security screening market revenue. Some of the leading and
promising players identified in the global X-ray security screening market
include American Science and Engineering Inc., OSI Systems, Inc., Smith
Detection, Safran Identity & Security (Morpho Detection), Analogic
Corporation, Adani Group, 3DX-Ray Ltd., Aware Incorporation, MinXray Inc.,
Eurologix Security, L-3 Communications Holdings, and Leidos Holdings, Inc.
(SAIC) among others. The market being technology driven has room for
technological innovations.
While developed
economies like North America and Europe house most of the leading X-ray
security screening system manufacturers, they are focusing on penetrating
emerging markets like India, Brazil, and China. On the other hand, a new
entrant is required to make substantial investment upfront and in research and
development activities to better penetrate the market. Growing security
concerns coupled with rigorous security measures bodes well for the market
growth and competition.
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Customization report http://www.credenceresearch.com/request-for-customization/58025
Key Trends:
Rigorous security
measures and government regulations to support market demand
Heavy investments made
in developing security infrastructure
Growing security
concerns over rising terrorist activities
Increasing demand from
civil aviation sector
High upfront cost and
privacy intrusion
About Us:
Credence
Research is a worldwide market research and counseling firm that serves driving
organizations, governments, non legislative associations, and not-for-benefits.
We offer our customers some assistance with making enduring enhancements to
their execution and understand their most imperative objectives. Over almost a
century, we’ve manufactured a firm extraordinarily prepared to this task.
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