X-Ray Security Screening System Market to Cross a Remuneration of USD 3 Billion by 2024
The other major end-user segments for X-ray security screening system market are shopping malls, banks, hotels, and government buildings other than airports
Selbyville, United States – July 19, 2019 /MarketersMedia/ —
North America is the major region for X-ray security screening system market owing to the increasing investments by the Donald Trump government in the U.S. for homeland security. The U.S. has executed stringent regulations, such as prohibiting certain materials, full-body scanning, scanners to identify such materials, and layered security checks, which have facilitated the X-ray security screening market. Asia Pacific is the fastest growing segment for the X-ray security screening system market. This is due to the re-modernization of transportation facilities in countries including India and China that will propel the replacement of old X-ray security systems. This is fueling the X-ray security screening market in the Asia Pacific region.
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X-Ray Security Screening System Market is expected to exceed USD 3 billion by 2024. There is a considerable amount of investment being spent on upgrading infrastructure facilities such as airport security infrastructure. This is due to the growth in the tourism industry globally that is persuading the governments to advance their aviation security. There is a growing need to scan people or luggage for weapons, drugs, chemicals or explosive materials due to 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. This is one of the major factors driving the x-ray screening market for checking products and individuals. X-ray security screening systems have established as the most basic equipment for security applications. The other major end-user segments for X-ray security screening system market are shopping malls, banks, hotels, and government buildings other than airports.
The focus of developed nations on fighting terrorism is furthermore augmenting the X-ray security screening system market. For instance, the U.S. government announced to invest enormously in law and order as an initiative against the growing terrorist attacks in the country. This is to advance counter terror infrastructure and funding for the ISIS-inspired terror attacks in Manchester, Berlin, London, Istanbul and Paris.
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There has been a lucrative growth in the demand for X-ray security screening systems at the security checkpoints at border crossings for check on trafficking of arms & guns, drugs, and explosives. This is augmenting the X-ray security screening system market. Moreover, these systems are being adopted rapidly by various private and public organizations for risk management.
The companies that are contributing towards the growth of the X-ray security screening system market are Astrophysics Inc, OSI Systems Inc., Kapri Corp, Adani Systems Inc., Autoclear LLC, Westminster International Ltd, Scanna MSC and others.
In November 2017 Astrophysics Inc received a 2-year contract from the US Customs and Border Protection (CBP). The agreement will enable the service and support of Astrophysics XIS-1818 scanner to CBP’s Non-Intrusive Inspection (NII) Program. The company was valued at USD 6 million in the year 2017.
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Table of Contents (TOC) of the report:
Chapter 4. X-Ray Security Screening System, By End-use
4.1. X-ray security screening system market share by product, 2016 & 2024
4.2. Transit industry
4.2.1. Market estimates and forecasts, 2013 – 2024
4.3.1. Market estimates and forecasts, 2013 – 2024
4.4.1. Market estimates and forecasts, 2013 – 2024
Chapter 5. X-Ray Security Screening System, By Application
5.1. X-ray security screening system market share by application, 2016 & 2024
5.2. People screening
5.2.1. Market estimates and forecasts, 2013 – 2024
5.3. Product screening
5.3.1. Market estimates and forecasts, 2013 – 2024
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